Primary Outcomes (explanation)
The primary outcome, the DIME Index, is constructed following the methodology developed by Bogotá's Secretaría Distrital de Desarrollo Económico (SDDE). It aggregates five dimensions of business maturity, each measured by multiple survey items scored on an ordinal 1-5 scale:
(i) Product/Service Development: clarity of main offering, degree of production standardization, installed vs. utilized capacity, and age of product/service.
(ii) Leadership and Planning: organization of management team, existence of strategic planning, formality of hiring practices, and workforce size.
(iii) Marketing and Sales: commercial strategy, sales channels, market reach (local/national/international), customer satisfaction tracking, average monthly sales, and physical sales point.
(iv) Finance and Accounting: access to external financing (formal and informal), use of accounting or financial record-keeping systems, and organization of income/expense records.
(v) Innovation: areas of innovation implemented (product, process, marketing, technology), innovation management practices, R&D budget, and adoption of digital technologies.
Within each dimension, variable weights are derived from a Principal Components Analysis (PCA) on baseline data, assigning greater influence to variables that explain more variance in overall business performance. Dimension scores are computed as weighted sums. The five dimension scores are then combined using PCA-derived weights into an overall DIME index score ranging from 0 to 5, corresponding to business life-cycle stages: 0-1 = ideation, 1-2 = nascency, 2-3 = growth, 3-4 = acceleration, 4-5 = consolidation/maturity.