Integrated Perspective for Entrepreneurs: The Dos and Don’ts in Strategic Management of New Business Ventures

Abstract

Strategic management (SM) of new business ventures (NBV) has been gathering steam in SM literature over the years. SM in the context of an NBV has its own set of challenges and growth propositions. Given this fact, SM for NBVs require a dedicated treatise in terms of conceptual treatment. The author in this conceptual work develops and integrates perspective regarding SM for NBVs. The author undertakes a review and synthesis of literature to arrive at a set of tables and figures providing an integrated view on SM in NBVs. The author undertakes this through logical argumentation and incremental theorization. The author systemizes the literature into different dimensions and clusters. The author thus contributes to the field of SM because of enhanced conceptual understanding on SM for NBVs. Managers involved in NBV firms would get help in asserting what steps need to be undertaken towards successful SM of NBVs.

Building an ‘Industrial Engineering Mindset’ among Indian Healthcare Executives: Toward Management of Healthcare Facilities at an Industrial Scale post the COVID-19 Pandemic

“…Increasingly, digital wisdom is required among managers (Nayak & Bhattacharyya, 2019). Business leaders’ inclination toward technology usage has become pivotal in the present-day context (Jha & Bhattacharyya, 2020), and this applies even for the context of healthcare executives. In the Indian healthcare sector, given the rapid growth context, human resources management innovations have been viewed as critical (Srinivasan & Chandwani, 2014).…”

“…For the conceptual literature review research, the method advocated by scholars was followed (Bhattacharyya & Verma, 2019, 2020Modgil et al, 2020;Osterrieder et al, 2020;Taylor et al, 2020). The planning of the review was set for IE concepts that were well accepted in reputed journals in IE, like Web of Science-or Scopus-indexed ones.…”

“…This could be for hospital owners and managers as the point of reference. Healthcare firm managers and entrepreneurs would require an integrated perspective (Bhattacharyya, 2020). Healthcare firm managers, like any other firm managers, need to capture value (Bhattacharyya & Sivanand, 2011).…”

Indian Telemedicine Industry: Evolving Nature of Business Models and Customer Interactions

“…The major cost heads incurred by telemedicine firms were for the maintenance of technology and marketing expenses (Sharma & Salve, 2020). Any evolving industry has also been characterized by market growth (Bhattacharyya, 2020;Cusumano et al, 2015;Leavy, 1991). The market revenue growth in the telemedicine industry was around 28.12 % in 2019 (Ernst & Young, 2020).…”

“…was expected to reach US$5.5 billion by 2025 (Ernst & Young, 2020). In high-growth industries, the business model also alters significantly (Bhattacharyya, 2020;Cusumano et al, 2015;Leavy, 1991). Given this, the study of business model in the telemedicine industry was very much required.…”