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Strategic management and organizational culture of medical device companies in relation to corporate performance.
Park, Sewon; Kim, Han-Kyoul; Lee, Haeng-Jun; Choi, Mankyu; Lee, Munjae; Jakovljevic, Mihajlo.
Afiliación
  • Park S; Department of Medical Science, Ajou University School of Medicine, Suwon, South Korea.
  • Kim HK; Department of Rehabilitation Medicine, Seoul National University Hospital, Seoul, South Korea.
  • Lee HJ; National Traffic Injury Rehabilitation Research Institute, National Traffic Injury Rehabilitation Hospital, Seoul, South Korea.
  • Choi M; Department of Medical Science, Ajou University School of Medicine, Suwon, South Korea.
  • Lee M; Department of Health Policy & Management, College of Health Science, Korea University, Seoul, South Korea.
  • Jakovljevic M; BK21 FOUR R&E Center for Learning Health Systems, Korea University, Seoul, South Korea.
J Med Econ ; 26(1): 781-792, 2023.
Article en En | MEDLINE | ID: mdl-37300440
COVID-19 has proven the excellence of Korea's medical devices, and the medical device industry is expected to continue to grow due to the increase in chronic disease and non-face-to-face treatment. However, the current medical device industry is monopolized by global companies with capital and technological prowess. To overcome this, Korean medical device companies are developing innovative medical devices centered on start-ups, but now is the time to strategically respond to them in order to compete with global companies. In general, companies establish management strategies for survival and growth by analyzing threats and opportunities based on the market environment to maintain the optimal organization according to market competition, government policies, and changes in consumer needs. Strategies are often established based on the culture of the organizations that make up the company. When it comes to strategy establishment, the medical device industry has special characteristics compared to other industries. The medical device industry is based on advanced technology and puts patient safety first, requiring continuous product upgrades. Therefore, it is an essential industry for employees to invest in education and training. The analysis shows the effectiveness of investment in education and training according to the management strategy and organizational culture of medical device companies. It was confirmed that when medical device companies create an Innovation culture, their performance improves. It also shows that when medical device companies adopt a cost leadership strategy, they need to increase their investment in education and training to improve corporate performance.
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Texto completo: 1 Colección: 01-internacional Base de datos: MEDLINE Asunto principal: Cultura Organizacional / Equipos y Suministros Tipo de estudio: Qualitative_research Idioma: En Revista: J Med Econ Asunto de la revista: SERVICOS DE SAUDE Año: 2023 Tipo del documento: Article País de afiliación: Corea del Sur Pais de publicación: Reino Unido
Texto completo
Añadir a Mi BVS
Imprimir
XML
PubMed Links
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Texto completo: 1 Colección: 01-internacional Base de datos: MEDLINE Asunto principal: Cultura Organizacional / Equipos y Suministros Tipo de estudio: Qualitative_research Idioma: En Revista: J Med Econ Asunto de la revista: SERVICOS DE SAUDE Año: 2023 Tipo del documento: Article País de afiliación: Corea del Sur Pais de publicación: Reino Unido