Innovation and Entrepreneurship in Healthcare : Assignment

Added on - Nov 2020

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INNOVATION AND
ENTREPRENEURSHIP IN
HEALTHCARE
TABLE OF CONTENTS
INTRODUCTION...........................................................................................................................1
TASK 1...........................................................................................................................................1
Evaluating characteristics of Sproxil as an innovation..........................................................1
Task 2..............................................................................................................................................4
Discussion of entrepreneurship in relation to delivering Sproxil to a defined UK market.. .4
Task 3............................................................................................................................................6
Describing government policy initiatives in delivering Sproxil in UK market...................6
CONCLUSION................................................................................................................................7
REFERENCES................................................................................................................................9
INTRODUCTION
Health care in UK has their own policies with regard to public awareness to it. . It
providefacilitiesincontextofnursingfacility,medicaltreatmentsandavoidingillegal
medications. It relates to maintain proper health of an individual. Different innovations in
managing proper health is done accordingly. Healthcare helps in treatment of physical and
mental illness. Professionals are assigned with providing healthcare facilities to the patients.
Different countries have their own policies based on health of the society. Similarly, company
named Sproxil also provides healthcare facilities to the society. Almost, 50 innovators in world
improve the standard of health of an individual. Sproxil is a company based on verification of
medicines to be provided to patients. It verifies that medical treatment provided to patients is
relevant to itt.
TASK 1
Evaluating characteristics of Sproxil as an innovation
Sproxil includes health care, skin care and food and beverages facilities. Company's main
characteristic is to verify medical products. Its first service provided was Mobile Authentication
Service. It provides label on all the secured products that helps in making people aware that this
medicine is approved. Its chain emphasis to build trust among the customers. Sproxil grows
interest in customers and also earns kindness in work from employees (Carayannis, Samara and
Bakouros, 2015) It reduces theft and irrelevancy inproduct. This company uses the mobile
based technology improvinghealth care facilities by avoiding duplicate medicines. The main
characteristic is to earn consumer attention. It involves cost effective programmes.It helps in
engaging customers through different loyalty programmes. Mobile technology is used widely to
solve the issues of large organization and protecting their customers. It is characterised through
working with organization to help technology based issues which improve life standard of a
society.
It provides different medical health centres to avoid illness. Company provides different
services and product along with better solutions which help manufacturers to spread product in
the market (Cunha, Benneworth and Oliveira, 2015). While, company also pays attention in
maintaining health of an individual, it focuses on giving different facility to the patient according
to their requirements. It supports the patient by providing nursing facility andefficient
medicines. Sproxil also emphasize to maintain relation with other industries by proving health
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care products, food, clothing goods etc. which is already verified by company. Every product
which is verified by the Sproxil is labelled initially. When a product is to be opened, the
customer scratches the label and uses pin code. This shows its verification and quality of the
product. The code is received through message at the time of purchase to buyer.
Sproxil provides verification via mobile app and also on web. Company provides
necessary information aboutany item (Drucker and et.al., 2014). The solution provided is used
by top ten companies in pharmaceutical sector.It advises owner of irm in building product's
reputation in market. Through this survey, the product is highly sold and also helps in increasing
the profit of firm. Moreover, Sproxil is characterised flexible, and a supplement in solving the
communication process. It focuses on increasing consumer’s loyalty by arranging programmes
and engaging customers in innovative functions. Further, it also takes care in maintaining
continual increase in sales. After completion of Year, management showits work and allows
new entrepreneurs to apply in healthcare sector.
Comparing with other organizations, it helps in selecting the best amongst it to join it.
Sproxil, based on mobile technology, helps in maintaining interest of innovators with their
knowledge, different opportunities, which they need to grow in their work. It helps in performing
every step innovatively and verifying the medicines (Grenelland and et.al., 2014). With message
facility, it helps the patient in buying standard and legal medicines from highly reputed
producers. This company helps in avoiding negative health care facility andreduces illegal
medicines to be provided to the customers. It collects the information for clear understanding of
consumer’s habit of purchasing. As per achievements of company it has realised importance and
demand of mobile tracking technology. This firm operates in different areas like US, India,
Pakistan and many more (McLuskie and et.al., 2017). Sproxil develops more intechnology
through global availability of the cell phones including phone number, app, etc. and whichdoes
not require physical availability of the consumer.
Sproxil achieved success in many forms as beauty, health, electrical and food products. It
helps in avoiding dangerous illness of patients. Firm made partnership with manufacturers
directly for security of products. It manages to secure consumers and also increases trust in them.
It suggests the best organization from where products must be purchased which avoids time
wastage and involves in activity of not investing in irrelevant products. Firm is concerned about
customers and looks forward that they do not attract towards wrong information. The customers
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