Analysis of Innovation and Entrepreneurship in Healthcare Report

This report delves into the realm of healthcare innovation and entrepreneurship, examining the integration of digital technologies to enhance health and wellness. It highlights the role of the NHS in implementing these advancements, particularly through software and internet-connected devices, to create digital disruption in healthcare. The report identifies and analyzes potential risks associated with launch plans, emphasizing the importance of addressing customer needs, product development, and overall innovation strategies. It also provides an overview of risk management, covering the responsibilities of various management roles in mitigating risks. The report references relevant academic sources, including journal articles and books, to support its analysis and recommendations, focusing on IoT sensor data integration and telemedicine skills training for data-driven healthcare.

Innovation and Entrepreneurship
in Healthcare
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Table of Contents
INTRODUCTION...........................................................................................................................3
REFERENCES................................................................................................................................6
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INTRODUCTION
The use of digital technological advancement can assist to bring improvement within the
individuals health and wellness (Klymovych, Korchagin and Oderov, 2019). This can be defined
as broad and growing sector. NHS is taking initiatives to implement the solution with use of
software or Internet connected devices with help of creating the digital disruption in health care.
it is necessary to identify risk associated with launch plan so that action and measure can be
taken. this will enable in ensuring the launch event is successful and awareness is generated
among people regarding innovation in health and social care.
Risk associated with launch plan
Type of risk Degree of risk Impact of risk Person
responsible
Failing to
integrate
customer voice
into process
2 This risk will
result in not
fulfilling the
needs of
customers. the
customer needs
will not be
identified (Sapci
and Sapci, 2019).
Here, manager
of NHS will be
responsible for
identifying risk
and mitigating
it. Also, he will
ensure that
launch plan is
according to
the product
developed.
Failure of
product with
company
strategy
3 It will highly
impact on further
operation of
product as
product will not
be suitable as per
innovation or
strategy made by
In this
government is
responsible for
failure of
innovation with
strategy. the
government
must monitor
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company. whether
innovation is
done as per
requirement or
not.
Failure of
automate
innovation
2 It will directly
impact business
opportunity as
they will not be
able to
implement or
apply innovation
in process or
product.
Here, project
manager is
responsible for
mitigating risk.
in this manager
will control all
things related
to innovation
(Balakrishna,
Thirumaran
and Solanki,
2020).
Fail to mitigate
risk
4 It will impact on
product
development as
risk will not be
mitigated. so, due
to it in future
many risks can
arise either in
operation plan.
Here, general
manager is
responsible for
it. He has to
ensure that all
risk associated
with launch are
identified and
proper measure
and actions are
taken. also, risk
is mitigated as
well.
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REFERENCES
Books and journals
Klymovych, V., Korchagin, M. and Oderov, A., 2019. Motivation of forming students healthcare
culture on principles of interdisciplinary integration. Sport Mont. 17(3). pp.79-83.
Sapci, A.H. and Sapci, H.A., 2019. Digital continuous healthcare and disruptive medical
technologies: m-health and telemedicine skills training for data-driven
healthcare. Journal of telemedicine and telecare. 25(10). pp.623-635.
Balakrishna, S., Thirumaran, M. and Solanki, V.K., 2020. IoT sensor data integration in
healthcare using semantics and machine learning approaches. In A Handbook of Internet
of Things in Biomedical and Cyber Physical System (pp. 275-300). Springer, Cham.
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