IMPORTANCE OF ENTREPRENEURSHIP AND INNOVATION IN THE HEALTHCARE INDUSTRY DURING THE COVID-19 PANDEMIC

  • S. Ray Calcutta Institute of Engineering and Management, Kolkata, India
  • R.P. Pal Calcutta Institute of Engineering and Management, Kolkata, India

Аннотация

National health care systems during the COVID-19 pandemic faced very serious functional problems in diagnosing the disease and providing patients with accessible and high-quality medical care, which directly affected the number and proportion of those who became ill, recovered and died from COVID-19. The suddenness, speed and scale of the spread of COVID-19 led to a collapse, to significant disruptions in the functioning of medical institutions in most countries, including Russia; their specific manifestations are described in the article. The new realities have required new management decisions. The purpose of the article is to study the contribution of entrepreneurship, including innovative entrepreneurship, in overcoming the crisis of the healthcare system caused by the COVID-19 pandemic and in adapting it to the new realities. The study was based on primary data (results of a survey of managers of several major medical institutions in Russia) and secondary data (results of a bibliographic review). Development and distribution of testing systems, medication and vaccines, oxygen supply, equipment of intensive care units, provision of personal protective equipment, disinfectants, supply of special beds and disposable tableware, gadgets and software, introduction of artificial intelligence technologies, telemedicine, innovative methods of personnel management, etc. – this is the list of the areas of entrepreneur-innovators’ investment in the health care system, which are in demand by the public sector in the conditions of the COVID-19 pandemic, revealed in the article. The development of innovative entrepreneurship in the health care system will improve the quality of patient care, increase cost efficiency and reduce risks. Due to the development of entrepreneurship and innovative technologies in healthcare, each new wave of the COVID-19 pandemic is under control and develops according to an easier scenario.

Ключевые слова

COVID-19 pandemic, entrepreneurship, healthcare facilities, healthcare system, innovative technologies, investments

References

Vakulenko V., Khodachek I., Bourmistrov A. Ideological and financial spaces of budgetary responses to COVID-19 lockdown strategies: comparative analysis of Russia and Ukraine // Journal of Public Budgeting, Accounting & Financial Management. 2020. Vol. 32(5). Pp. 865-874. DOI: 10.1108/JPBAFM-07-2020-0110

Ray S. How the world economy revolves round entrepreneurial university model: cases from India // Herald of GSOTU. Humanitarian, Social and Economical Scieces. 2021. Vol. 17(2-24). Pp. 28-33. DOI: 10.34708/GSTOU.2021.63.48.004

Akhmetshin E.M., Kovalenko K.E., Goloshchapova L.V. [et al.]. Approaches to social entrepreneurship in Russia and foreign countries // Journal of Entrepreneurship Education. 2018. Vol. 21(S2). Pp. 1-10.

Soham S., Samrat R. Poverty and financial dearth as etiopathogen of psychotic and neurotic diseases // Zametki Uchenogo [Scholarly Notes]. 2021. Vol. 4-1. Pp. 568-578.

Razumovskaia E., Yuzvovich L., Kniazeva E. [et al.]. The effectiveness of Russian government policy to support smes in the COVID-19 pandemic // Journal of Open Innovation: Technology, Market, and Complexity. 2020. Vol. 6(4). Pp. 1-20. DOI: 10.3390/joitmc6040160

Voronkova O.V., Kurochkina A.A., Firova I.P. [et al.]. Current trends in the development of small and medium-sized enterprises and individual entrepreneurship in the Russian Federation // Espacios. 2018. Vol. 39(41). P. 13.

Tkach D.V., Kurpayanidi K. Some questions about the impact of the COVID-19 pandemic on the development of business entities // Theoretical & Applied Science. 2020. Vol. 91(11). Pp. 1-4. DOI: 10.15863/TAS.2020.11.91.1

Popkova E., DeLo P., Sergi B.S. Corporate social responsibility amid social distancing during the COVID-19 crisis: BRICS vs. OECD countries // Research in International Business and Finance. 2021. Vol. 55. P. 101315. DOI: 10.1016/j.ribaf.2020.101315

Kitrar L., Lipkind T. The relationship of economic sentiment and GDP growth in Russia in light of the COVID-19 crisis // Entrepreneurial Business and Economics Review. 2021. Vol. 9(1). Pp. 7-29. DOI: 10.15678/EBER.2021.090101

Akpan I.J., Soopramanien D., Kwak A. Cutting-edge technologies for small business and innovation in the era of COVID-19 global health pandemic // Journal of Small Business & Entrepreneurship. 2021. Vol. 33(6). Pp. 607-617. DOI: 10.1080/08276331.2020.1799294

Liu Zh., Shi Y., Yang B. Open Innovation in Times of Crisis: An Overview of the Healthcare Sector in Response to the COVID-19 Pandemic // Journal of Open Innovation: Technology, Market, and Complexity. 2022. Vol. 8(1). P. 21. DOI: 10.3390/joitmc8010021

Ratten V. Coronavirus (covid-19) and entrepreneurship: changing life and work landscape // Journal of Small Business & Entrepreneurship. 2020. Vol. 32(1). Pp. 503-516. DOI: 10.1080/08276331.2020.1790167

Akpan I., Udoh E., Adebisi B. Small business awareness and adoption of state-of-the-art technologies in emerging and developing markets, and lessons from the COVID-19 pandemic // Journal of Small Business & Entrepreneurship. 2022. Vol. 34(2). Pp. 123-140. DOI: 10.1080/08276331.2020.1820185

Andreassen T.W., Lervik-Olsen L., Snyder H. [et al.]. Business model innovation and value-creation: the triadic way // Journal of Service Management. 2018. Vol. 29(50). Pp. 883-906. DOI: 10.1108/JOSM-05-2018-0125

Bacq S., Geoghegan W., Josefy M. [et al.]. The COVID-19 Virtual Idea Blitz: Marshaling social entrepreneurship to rapidly respond to urgent grand challenges // Business Horizons. 2020. Vol. 63(6). Pp. 705-723. DOI: 10.1016/j.bushor.2020.05.002

Bagheri A., Akbari M. The impact of entrepreneurial leadership on nurses’ innovation behavior // Journal of Nursing Scholarship. 2018. Vol. 50(1). Pp. 28-35. DOI: 10.1111/jnu.12354

García-Sánchez I.M., García-Sánchez A. Corporate social responsibility during COVID-19 pandemic // Journal of Open Innovation: Technology, Market, and Complexity. 2020. Vol. 6(4). P. 126. DOI: 10.3390/joitmc6040126

Lee J., Suh T., Roy D. [et al.]. Emerging technology and business model innovation: The case of artificial intelligence // Journal of Open Innovation: Technology, Market, and Complexity. 2019. Vol. 5(3). P. 44. DOI: 10.3390/joitmc5030044

Nah F.F.H., Siau K. COVID-19 pandemic – role of technology in transforming business to the new normal. In book: HCI International 2020 – Late Breaking Papers: Interaction, Knowledge and Social Media. 2020. Pp. 585-600. DOI: 10.1007/978-3-030-60152-2_43

Nambisan S., Wright M., Feldman M. The digital transformation of innovation and entrepreneurship: Progress, challenges and key themes // Research Policy. 2019. Vol. 48(8). P. 103773. DOI: 10.1016/j.respol.2019.03.018

Papa A., Mital M., Pisano P. [et al.]. E-health and wellbeing monitoring using smart healthcare devices: An empirical investigation // Technological Forecasting and Social Change. 2018. Vol. 153. P. 119226. DOI: 10.1016/j.techfore.2018.02.018

Rashid S., Ratten V. Entrepreneurial ecosystems during COVID-19: the survival of small businesses using dynamic capabilities // World Journal of Entrepreneurship, Management and Sustainable Development. 2021. DOI: 10.1108/WJEMSD-09-2020-0110

Singh R.P., Javaid M., Haleem A. [et al.]. Significance of Health Information Technology (HIT) in context to COVID-19 pandemic: Potential roles and challenges // Journal of Industrial Integration and Management. 2020. Vol. 5(04). Pp. 427-440. DOI: 10.1142/s2424862220500232

Wang M., Pan C., Ray P. Technology Entrepreneurship in Developing Countries: Role of Telepresence Robots in Healthcare // IEEE Engineering Management Review. 2021. Vol. 49(1). Pp. 20-26. DOI: 10.1109/EMR.2021.3053258

Samrat R. How the Triple-Helix Model of Innovation is changing the Indian COVID-19 Fight? // Bulletin of Kemerovo State University. Series: Political, Sociological and Economic Sciences. 2021. Vol. 2. Pp. 266-273. DOI: 10.21603/2500-3372-2021-6-2-266-273

COVID-19 new cases in Russia (2022). Statista. URL: https://www.statista.com/statistics/1102303/coronavirus-new-cases-development-russia/ (accessed on 18.04.2022).

Информация об авторах

Самрат Рэй – доцент, Калькуттский институт инженерии и менеджмента Sunstone (кампус в Калькутте), Калькутта, Индия. E-mail: samratray@rocketmail.com. ORCID 0000-0002-9845-2974. ResearcherID N-7669-2019
Рана Пратап Пал – Ph.D., Dr.; заведующий кафедрой, Калькуттский институт инженерии и менеджмента, Калькутта, Индия. E-mail: rpp_kol2006@yahoo.co.in.

Для цитирования

Ray S., Pal R.P. Importance of Entrepreneurship and Innovation in the Healthcare Industry During the COVID-19 Pandemic // BENEFICIUM. 2022. Vol. 2(43). Pp. 85-93. (На англ.). DOI: 10.34680/BENEFICIUM.2022.2(43).85-93

Опубликован
2022-07-30
Выпуск
Раздел
ТРАНСФОРМАЦИЯ СОЦИАЛЬНО-ЭКОНОМИЧЕСКОЙ СИСТЕМЫ