Fostering Innovation Through Stakeholders’ Engagement at the Healthcare Industry: Tapping the Right Key

27 Dec 2021

06 Apr 2021

Abstract

In this paper we investigate to which point each of the healthcare industry’s stakeholders are influencing the final innovation outputs. We propose and test a model that puts together stakeholders’ engagement, innovation objectives and innovation outputs. We analyze data from 400+ healthcare Spanish companies using Partial Least Squared modelling technique. Results show that stakeholders’ engagement is crucial to orientate innovation objectives that are directly and positively related to innovation outputs. Also, results push to a higher implication of society in the co-creation and participation in innovation activities in the healthcare industry highlighting its importance as, both, triggers and the most benefited recipients. This paper uncovers the relationship among healthcare stakeholders and innovation outputs and also answers another research question—which stakeholders have a stronger relationship with innovation outputs. Implications suggest that healthcare industry managers and policy makers should build on the relationship with clients/customers/patients/final users as innovation-related information inputs as an effective way to improve their innovation outputs.

Authors: Verma R., and other authors

Read more about the article here

Read more about the author’s publications here

Generic placeholder image
Co-author :

Related Insight

Unlocking the Manufacturing Industry: A Study Tour in Ho Chi Minh City with University of Cambridge delegation

Unlocking the Manufacturing Industry: A Study Tour in Ho Chi Minh City with University of Cambridge delegation

An inspirational writing by Nguyen Xuan Huy, a CBM student, VinUniversity During my 2 days in Ho Chi […]

Read More
Student Gap-year Experience – An unforgettable break

Student Gap-year Experience – An unforgettable break

“7 months have passed and I can still recall the exact day when I decided to take a […]

Read More
POLITICS BY RUNCIMAN: A BOOK REVIEW

POLITICS BY RUNCIMAN: A BOOK REVIEW

A writing by Dang Thu Ha – a 3rd-year student of College of Business and Management, VinUniversity My […]

Read More