Opportunities and Challenges for ICT-based Entrepreneurship in India: Special reference to indian healthcare industry
Objective: This study investigates the potential of technology entrepreneurship to address critical challenges within the Indian healthcare landscape. Leveraging existing literature, we develop a novel theoretical framework examining how patients, medical professionals, and the healthcare industry...
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| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
ACHSM
2025-05-01
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| Series: | Asia Pacific Journal of Health Management |
| Subjects: | |
| Online Access: | https://journal.achsm.org.au/index.php/achsm/article/view/3435 |
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| Summary: | Objective: This study investigates the potential of technology entrepreneurship to address critical challenges within the Indian healthcare landscape. Leveraging existing literature, we develop a novel theoretical framework examining how patients, medical professionals, and the healthcare industry interact with three key elements of technology entrepreneurship: technology innovation, technology proactivity, and technology risk-taking. Analysing these interactions across three tiers – patients, medical professionals, and the industry itself – reveals practical implications for fostering positive change.
Design / Methodology: The authors have conducted an extensive review of literature focusing on technological growth in the healthcare industry and its effect on entrepreneurship development in this area. The review is primarily focused on developments in the last two decades. Consequently, the authors have proposed a framework for technology entrepreneurship development (i.e., technological innovation, technological proactivity, and technological risk-taking), which is the foundation of value creation. This concept will be dealt with at three levels, namely, patients, medical professionals and hospitals, and the entire healthcare industry.
Results: Many researchers have identified that innovation, proactivity, and risk-taking are the key characteristics of the entrepreneurial journey. Each of these characteristics (innovation, proactivity, and risk-taking) has been explained with supporting examples from the healthcare industry. The paper's practical implications can be separated into three categories: those for patients (support for patients and technology-based engagement techniques), organizations (digital health solutions and collaborative motivation), and the healthcare industry (infrastructure and trust building).
Conclusion: The paper has outlined the challenges and opportunities for technology entrepreneurs at three levels, namely, patients, medical professionals and hospitals, and the entire industry. Prospects for research in the near future have been also identified.
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| ISSN: | 1833-3818 2204-3136 |