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Disruptive Innovation Technologies In Healthcare

   

Added on  2021-05-30

14 Pages1029 Words46 Views
Operations ManagementDisruptive Innovation Technologies In Healthcare

Disruptive Innovation•Created in the new market along with the “value network” which eventually disrupts an pre existing “market and value in the network”•Create a new market and value network which eventually disrupts the existing market •Displacing “established market leading firms, products, services and alliances”•Disruptive technologies believe in creating new alliances among the “firms and products”.

Economic Factors•At present the GDP of the country is depicted to be higher in compared to UK, Germany and France.•Stable “interest rates, rising exchange rates, relatively high levels of employment along with a considerably low inflation rate”•The health expenditure exceed by 10% of the gross domestic product •Health spending continues to slow, not at the same extent as the GDP growth•Repayment of mortgages are available to purchase property in Australia thereby encompassing total of 75% to 85% of the valuation based on the purchase price

Social Factors•Social stratification class is segregated as “working class, the middle class, and the upper class”•The wealthiest 5 to 10 percent is usually regarded with the working “class, the middle class, and the upper class”•Main occupations are seen as “accountants, computing specialists, engineers, and medical doctors”•Acceptance of the inequalities related to the social class when it comes to facilitating healthcare functions•Infant child rearing varies from one country of origin, education, class background and the religious groups to which the family belongs

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