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- W2860626215 abstract "This paper is concerned with how global medical innovation processes evolve. Multi-party networks and advanced innovation systems increasingly dominate medical-technological innovations, and our research indicates that such innovation processes have become more rapid, coordinated and powerful. Theoretically we draw upon studies of the evolution of medical innovations and practices, and of global innovation systems. Since the role of the Venture Capital Industry receives scant attention in this literature, our paper also reviews research on syndicated investments based on standardized investment and management control models shared across the Venture Capital industry. This enables us to ask the following research questions: How has the Venture Capital Industry contributed to make medical innovation processes faster and more effectively managed? What implications may this have for our general theories of innovation processes? Empirically we have studied how the innovation processes of the two main technology vendors in the field of Transcatheter Aortic Valve Implantation (TAVI) unfolded in the period 1999-2016. Previous studies have focused on the role hospitals, government financing, collaboration between local medical expertise and local engineering, alongside the emergence of new professional associations and standardization processes. Our findings show how innovation processes have become characterized by what we coin “proprietary based innovation systems”. These systems consist of three core management elements: 1. ownership, 2. investment capital and 3. management control systems. By positioning innovation processes within such a system and through using some specific mechanisms, gives advantages in terms of speed, learning and scaling." @default.
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- W2860626215 date "2018-08-01" @default.
- W2860626215 modified "2023-09-24" @default.
- W2860626215 title "How global medical innovation processes evolve: The case of Transcatheter Aortic Valve Implantation" @default.
- W2860626215 doi "https://doi.org/10.5465/ambpp.2018.16917abstract" @default.
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