• What we do
  • The People
  • About Us
  • Why Innovation Africa
  • Contact Us
Innovation AfricaCreating the Future Today
  • Feature Articles
  • Innovation
  • Agriculture
  • ICT
  • Technology
  • Entrepreneurship
  • Health
  • Store
  • Contact Us
Menu
  • Feature Articles
  • Innovation
  • Agriculture
  • ICT
  • Technology
  • Entrepreneurship
  • Health
  • Store
  • Contact Us
  • The Risks of Innovation in Health Care.

    February 18, 2015 Editor Comments Off on The Risks of Innovation in Health Care.

    Related Articles

    The Risks of Innovation in Health Care.

    J Am Coll Radiol. 2015 Feb 14;

    Authors: Enzmann DR

    Abstract

    Innovation in health care creates risks that are unevenly distributed. An evolutionary analogy using species to represent business models helps categorize innovation experiments and their risks. This classification reveals two qualitative categories: early and late diversification experiments. Early diversification has prolific innovations with high risk because they encounter a “decimation” stage, during which most experiments disappear. Participants face high risk. The few decimation survivors can be sustaining or disruptive according to Christensen’s criteria. Survivors enter late diversification, during which they again expand, but within a design range limited to variations of the previous surviving designs. Late diversifications carry lower risk. The exception is when disruptive survivors “diversify,” which amplifies their disruption. Health care and radiology will experience both early and late diversifications, often simultaneously. Although oversimplifying Christensen’s concepts, early diversifications are likely to deliver disruptive innovation, whereas late diversifications tend to produce sustaining innovations. Current health care consolidation is a manifestation of late diversification. Early diversifications will appear outside traditional care models and physical health care sites, as well as with new science such as molecular diagnostics. They warrant attention because decimation survivors will present both disruptive and sustaining opportunities to radiology. Radiology must participate in late diversification by incorporating sustaining innovations to its value chain. Given the likelihood of disruptive survivors, radiology should seriously consider disrupting itself rather than waiting for others to do so. Disruption entails significant modifications of its value chain, hence, its business model, for which lessons may become available from the pharmaceutical industry’s current simultaneous experience with early and late diversifications.

    PMID: 25686642 [PubMed – as supplied by publisher]

    Go to Source

    Related Posts

    • The power of disruptive technological innovation: Transcatheter aortic valve implantation.The power of disruptive technological innovation: Transcatheter aortic valve implantation.
    • Disrupting health care with Google GlassDisrupting health care with Google Glass
    • The dynamics of resource-based economic development: evidence from Australia and NorwayThe dynamics of resource-based economic development: evidence from Australia and Norway
    • Disrupting the old order of imaging.Disrupting the old order of imaging.
    • Building a culture of innovation by maximizing the role of the RN.Building a culture of innovation by maximizing the role of the RN.
    • Five Ways to Innovate Faster
    Sovrn
    Share

    Categories: PubMed

    Tags: disruptive innovation, diversification, Health care

    Crowdfunding 2.0: the next-generation philanthropy: A new approach for philanthropists and citizens to co-fund disruptive innovation in global health. Co-Creation in Government

    Comments are currently closed.

Subscribe to our stories


 

Recent Posts

  • SL Crowd Green Solutions September 21, 2020
  • Digital transformation in the banking sector: surveys exploration and analytics August 3, 2020
  • Why Let Others Disrupt You? Take the Smart Self-Disruption Journey! August 3, 2020
  • 5 Tips for Crowdfunding During the Pandemic August 3, 2020
  • innovation + africa; +639 new citations August 3, 2020

Categories

Archives

Popular Post-All time

  • A review on biomass-based... 0.9k views
  • Can blockchain disrupt ge... 672 views
  • Prize-winning projects pr... 646 views
  • Apply Now: $500,000 for Y... 602 views
  • Test Your Value Propositi... 523 views

Recent Posts

  • SL Crowd Green Solutions
  • Digital transformation in the banking sector: surveys exploration and analytics
  • Why Let Others Disrupt You? Take the Smart Self-Disruption Journey!
  • 5 Tips for Crowdfunding During the Pandemic
  • innovation + africa; +639 new citations
  • SME Innovation: 10 Priorities for Support Post-COVID-19 
  • Africa RISING Annual Progress Report 2018 – 2019 now available
  • Fodder beet feed supplementation delivers dairy success for Ethiopian farmers
  • Using theory of change for outcome-oriented research
  • Africa RISING partners publish soil fertility management guidebook

Tag Cloud

    africa African Agriculture Business Business model Business_Finance Company Crowdsourcing data Development East Africa economics Education Entrepreneur entrepreneurs Entrepreneurship ethiopia ghana Health_Medical_Pharma ict Information technology Innovation kenya knowledge Knowledge Management Leadership marketing mobile Mobile phone nigeria Open innovation Organization Research rwanda science Science and technology studies social enterprise social entrepreneurship south africa Strategic management strategy tanzania Technology Technology_Internet uganda

Categories

Archives

  • A review on biomass-based hydrogen production for renewable energy supply 0.9k views
  • Can blockchain disrupt gender inequality? 672 views
  • Prize-winning projects promote healthier eating, smarter crop investments 646 views
  • Apply Now: $500,000 for Your Big Data Innovations in Agriculture 602 views
  • Test Your Value Proposition: Supercharge Lean Startup and CustDev Principles 523 views

Copyright © 2005-2020 Innovation Africa Theme created by PWT. Powered by WordPress.org