100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Summary HPI4002 - Case 1: We need to innovate $4.47   Add to cart

Summary

Summary HPI4002 - Case 1: We need to innovate

 55 views  0 purchase
  • Course
  • Institution

Case 1 of the HPI4002 module

Preview 3 out of 22  pages

  • November 10, 2021
  • 22
  • 2021/2022
  • Summary
avatar-seller
Case 1: We need to innovate

Learning goals
1. What is innovation?
a. What are technologies and innovations?
2. What are different types of innovation?
3. What are the challenges of innovation?
4. What are the current challenges in healthcare?
a. What are the challenges in the innovation of healthcare?
5. What is the difference between innovation processes in healthcare and other sectors?


1. What is innovation?
Many different definitions of innovation exist. Key points in these definitions are:
- New ideas
A new (or improved) product, process or service, or a whole new business or business model.
- Exploitation
The idea must be implantable and potentially value generating.
- Successful
The innovation is adopted by the target audience.
- New
This is a relative term; it can mean “new to the world”, “new to the market”, or “new to the
organisation”


Definition of an innovation according to Barlow (2017):
- Innovation can refer to an outcome and it can refer to the process by which these outcomes
are developed.
- Healthcare innovation is about how you create, implement, embed and sustain innovation in
healthcare systems.


Innovation as a double-edged sword
- On the one hand, innovations improve health performances and quality of care;
- On the other hand, innovations tend to increase healthcare costs.

,Innovations have two dimensions
- A creative dimension
Often described as “the invention”
- A commercial or practical dimension
Involves the exploitation of the invention
 Only when both these dimension are effectively managed does one have an innovation. Often,
many ideas fail to make it beyond the invention stage. The pathways to adoption can be long and
hard.


Process of innovation
The process of innovation has commonly been divided into three stages, known as “the
Schumperterian trilogy”:
- Invention phase
Where ideas are turned into workable inventions, is typically characterised by
experimentation to prove the concept. Incremental innovations may involve little or no
experimentation but nevertheless require a considerable amount of technical development.
Much effort has gone into improving the life of mobile phone or laptop batteries as these
devices have grown ever-more power hungry.
- Commercialisations
Where the latent value of a technology is unlocked in order to generate real value. There
may be many possible ways to commercialise an idea, but only a few are likely to succeed.
Today the term ‘commercialisation’ is often used synonymously with the concept of
‘business models’, which are essentially enabling devices to allow inventors to profit from
their ideas.
- Adoption and diffusion
The process by which innovations are taken-up and spread through a population. This rarely
takes place at a steady, linear rate. If the adoption of an innovative product is plotted over
time, it frequently exhibits an S-shaped curve.
Failure may occur even after adoption as the implications of the innovation are more fully
understood. Drugs where previously unforeseen side effects only emerge after widespread use are
an example. These failed innovations are rarely studied.

, Criticism to the Schumperterian trilogy:
- It is seen as too linear – However, linear models are widely used by policy-makers, the
business community and academics as a basic blueprint for technological innovation
activities because of their simplicity.
o Nevertheless, linear models hide the true complexity of the innovation process and
because of this, they are seen by many as normative and deterministic.


Technological innovation therefore needs to be seen as the result of interactions within ecosystems
that bring together companies and other institutions within a particular technology or industrial
sector, rather than as an output of a series of discrete processes. Different industries are
characterised by different forms of innovation process, ranging from highly structured and formalised
new product development processes to ones that are more evolutionary and adaptive.


1a. What are technologies and innovation?
Definition technology
Many different definition of technology exist, of which the broader definitions have been criticized
because they are too broad. In this course we use the following definition of technology:
- Technology is concerned with the application of knowledge to solve problems, including 4
dimensions: knowledge, activity, objects and volition. Furthermore, a distinction is made
between:
o Hard technology (tangible artefacts  products made by humans)
o Soft technology (the knowledge about how those artefacts work)
 They are always combined; you can’t use one without another.


Hard and soft technologies in healthcare
- Hard technology
The physical/ tangible artefacts.
For example:
o Drugs
o Devices
o Other equipment
o Physical infrastructure
o Robotic heart catheter

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller 1998Eva. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $4.47. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

83662 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$4.47
  • (0)
  Add to cart