Business Finance - Management Three Pillars, Marketing Principles and Future Impact Homework

SERVANT

LEADERSHIP

ENTREPRENEURISM

ETHICS

FREE MARKET

PRINCIPLES

CONCEPT MAP

HEALTH

Osterhoudt (2021) investigates the practical effects of applying free-market ideas to the healthcare sector, utilizing Dr. Lee Gross' direct primary care practice as a specific example. The article demonstrates how implementing a free-market approach, which involves simplifying processes and reducing expenses, may bring about significant changes in the healthcare industry. Dr. Gross' concept aims to eliminate the difficulties and high costs commonly connected with healthcare, clearly demonstrating how free-market principles might improve the accessibility and affordability of healthcare. The source proposes that adopting a free-market approach in healthcare, illustrated by creative techniques such as Dr. Gross', can help address structural difficulties, promoting a healthcare business that is more focused on patients, efficient, and commercially effective.

Resource

Osterhoudt, J. (2021). What free market health care would actually look like: Dr. Lee Gross' direct primary care practice takes the complexity and unaffordability out of health care. Reason Magazine, 53(3), 44-49. � HYPERLINK "https://lopes.idm.oclc.org/login?url=https://search.ebscohost.com/login.aspx?direct=true&db=edsinc&AN=edsinc.A664484121&site=eds-live&scope=site&custid=s8333196&groupid=main&profile=eds1" �https://lopes.idm.oclc.org/login?url=https://search.ebscohost.com/login.aspx?direct=true&db=edsinc&AN=edsinc.A664484121&site=eds-live&scope=site&custid=s8333196&groupid=main&profile=eds1�

The research performed by Romero and Young (2021) addresses the public's opinions and practical factors associated with using artificial intelligence (AI) in the healthcare sector. The article analyzes the connection between ethics and the medical industry by evaluating the impacts of employing artificial intelligence (AI). This article discusses the complex relationship between public perceptions of artificial intelligence (AI) in healthcare and the ethical questions that arise from it. It examines how worries and expectations are linked with these perceptions. The examination of implementation considerations implies the presence of ethical concerns, suggesting the necessity of ethical guidelines and systems to regulate the incorporation of AI in healthcare. This emphasizes aligning technological progress with ethical principles to guarantee AI's responsible and patient-focused utilization in the medical sector.

Resource

Romero, R. A., & Young, S. D. (2021). Public perceptions and implementation considerations on the use of artificial intelligence in health. Journal of Evaluation in Clinical Practice, 28(1), 75-78. � HYPERLINK "https://doi.org/10.1111/jep.13580" �https://doi.org/10.1111/jep.13580�

The report by Melder et al. (2021) examines the function of innovation teams in the healthcare sector from the perspective of institutional entrepreneurship. The study presents a detailed analysis throughout time, focusing on how entrepreneurial activities within healthcare organizations stimulate innovation. The article highlights the influential impact of innovation teams in modifying healthcare practices and regulations over a while. Implementing institutional entrepreneurship emphasizes the proactive and significant effect of these teams in handling and challenging established systems, potentially promoting beneficial improvements in the healthcare sector. This approach from an entrepreneurial approach illustrates the vital interaction between creative efforts and the development of healthcare organizations, enhancing our comprehension of how entrepreneurial activities impact the healthcare industry.

Resource

Melder, A., Mcloughlin, I., Robinson, T., Iedema, R., & Teede, H. J. (2021). Using institutional entrepreneurship to understand the role of innovation teams in healthcare: A longitudinal qualitative study. BMJ Open, 11(9), e046750. � HYPERLINK "https://doi.org/10.1136/bmjopen-2020-046750" �https://doi.org/10.1136/bmjopen-2020-046750�

The research conducted by Shah et al. (2019) analyzes the influence of servant leadership on employee trust and discretionary behavior within the healthcare industry. The study evaluates the impact of a leadership approach focused on serving others rather than exercising authority on employee emotions and behaviors. The results indicate a positive correlation between servant leadership and enhanced loyalty and discretionary attitudes among healthcare staff. Leaders who value serving and supporting their teams create a workplace environment in the healthcare sector that promotes employee dedication and goes beyond formal responsibilities. This can potentially lead to improved organizational achievement and the quality of individual care.

Resource

Shah, M., Batool, N., & Hassan, S. (2019). The influence of servant leadership on loyalty and discretionary behavior of employees: Evidence from healthcare sector. Journal of Business & Economics, 11(2), 99-110. � HYPERLINK "https://search.proquest.com/openview/9c566d86a3bb185157bfb22b6db031fb/1?pq-origsite=gscholar&cbl=1946347" �https://search.proquest.com/openview/9c566d86a3bb185157bfb22b6db031fb/1?pq-origsite=gscholar&cbl=1946347�