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Strategic Performance Management and Creative Industry

Author

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  • Kourtit, K.

    (Vrije Universiteit Amsterdam, Faculteit der Economische Wetenschappen en Econometrie (Free University Amsterdam, Faculty of Economics Sciences, Business Administration and Economitrics)

  • Waal, A. de
  • Nijkamp, P.

Abstract

The creative industry has in recent years drawn much attention from the side of both scientists and policy-makers in the area of urban planning and industrial policy. The question is however, whether the assumed innovative and successful potential offered by firms in the creative industry is justified on economic and managerial grounds. The present paper aims to provide a critical review of the current creativeness fashion by addressing in particular the critical success factors and the high performance conditions of firms in this sector. On the basis of general principles from strategic performance measurement of business firms a systematic analysis for assessing the performance of creative firms is proposed. Specific attention is paid to the lessons from the strategic performance management literature for measuring the successes (and failures) of creative firms in modern innovative industries. This paper aims to offer the basis for a systematic framework for evaluating the competitive performance of firms in the creative industry.

Suggested Citation

  • Kourtit, K. & Waal, A. de & Nijkamp, P., 2009. "Strategic Performance Management and Creative Industry," Serie Research Memoranda 0020, VU University Amsterdam, Faculty of Economics, Business Administration and Econometrics.
    • Handle: RePEc:vua:wpaper:2009-20
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    References listed on IDEAS

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    Cited by:

    1. Lazrak, F. & Nijkamp, P. & Rietveld, P. & Rouwendal, J., 2011. "The market of listed heritage: An urban economic application of spatial hedonic pricing," Serie Research Memoranda 0027, VU University Amsterdam, Faculty of Economics, Business Administration and Econometrics.
    2. Homero Rodríguez-Insuasti & Néstor Montalván-Burbano & Otto Suárez-Rodríguez & Marcela Yonfá-Medranda & Katherine Parrales-Guerrero, 2022. "Creative Economy: A Worldwide Research in Business, Management and Accounting," Sustainability, MDPI, vol. 14(23), pages 1-27, November.

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