Innovation and Entrepreneurship in Healthcare : Assignment
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Added on 2020-11-23
Innovation and Entrepreneurship in Healthcare : Assignment
Added on 2020-11-23
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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 1
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 2
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