In this review paper, we ask how UK business might realize improved productivity through value creation. Our aim is to evaluate the ability of UK firms to reduce the productivity gap by assessing the challenges associated with the following strategic options: (a) increasing efficiency and...

The question of how best to assess research performance is clearly of great concern. In December 2007, HEFCE launched a national consultation on the future of Research Assessment, proposing that a Research Excellence Framework replaces the current Research Assessment Exercise. Fundamentally the...