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Technology entrepreneurship in healthcare: Challenges and opportunities for value creation
Mälardalen University, School of Innovation, Design and Engineering, Innovation and Product Realisation. EDHEC Business School, Chair for Foresight, Roubaix, France; Faculty of Science and Engineering, Åbo Akademi University, Turku, Finland.ORCID iD: 0000-0003-4521-4742
School of Business and Economics, Åbo Akademi University, Turku, FI-20500, Finland.
Department of Management, University of Torino, Italy.
School of Marketing and Communication, University of Vaasa, Vaasa, Finland.
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2023 (English)In: Journal of Innovation and Knowledge, ISSN 2530-7614, E-ISSN 2444-569X, Vol. 8, no 2, article id 100365Article in journal (Refereed) Published
Abstract [en]

The healthcare industry is nowadays increasingly forced to adapt to new fast-paced changes, despite its conservatism. Indeed, the number of new technology entrepreneurs and technology value is increasing. In this study, we use modern literature and illustrative cases to identify patterns of technological value creation in the healthcare industry with the purpose to form an understanding of the challenges and opportunities for technology entrepreneurs. Hence, we propose a new challenges-opportunities framework for understanding technology entrepreneurship (i.e., technology innovation, technology proactivity, and technology risk-taking) as a foundation for value creation concerning the needs of patients, medical personnel and hospitals, and the whole industry. We also end the article by outlining practical implications at the micro-level (i.e., patient advocacy and technology-enabled engagement strategies), meso-level (i.e., digital health solutions and motivation for collaboration), and macro-level (i.e., trust building and infrastructure). 

Place, publisher, year, edition, pages
Elsevier B.V. , 2023. Vol. 8, no 2, article id 100365
Keywords [en]
Entrepreneurship, Healthcare, Technology, Value creation
National Category
Business Administration
Identifiers
URN: urn:nbn:se:mdh:diva-62370DOI: 10.1016/j.jik.2023.100365ISI: 001005736600001Scopus ID: 2-s2.0-85153043607OAI: oai:DiVA.org:mdh-62370DiVA, id: diva2:1754360
Available from: 2023-05-03 Created: 2023-05-03 Last updated: 2023-11-14Bibliographically approved

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Kulkov, Ignat

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