Strategic management and organizational culture of medical device companies in relation to corporate performance

Park, Sewon; Kim, Han-Kyoul; Lee, Haeng-Jun; Choi, Minsu; Lee, Munjae; Jakovljević, Mihajlo

doi:10.1080/13696998.2023.2224168

Cited by 4 publications

(3 citation statements)

References 62 publications

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“…The research's null hypothesis posits that culture has a beneficial impact on innovative capabilities. Research has shown that this type of culture is strongly linked to an innovation culture [108][109][110], which, in turn, enhances creative ability [110]. In addition, a culture that encourages openness, creativity, risk-taking, and entrepreneurial spirit motivates employees to act in a way that prioritizes innovation as a core business concept [111].…”

Section: Corporate Culture and Innovation Capabilitiesmentioning

confidence: 99%

The Role of Digital Transformation, Corporate Culture, and Leadership in Enhancing Corporate Sustainable Performance in the Manufacturing Sector of China

Asif,

Yang,

Hashim

2024

Sustainability

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The Chinese manufacturing industry faces many challenges to sustainable development. This study examines how transformational leadership, corporate culture, and digital transformation affect Chinese manufacturing organizations’ sustainability. It will also examine the moderating role of environmental dynamism and the mediating effect of innovation capabilities. A self-administered survey was distributed to 350 manufacturing companies’ owners, managers, leaders, and employees, etc. Participants were selected via convenient sampling. This data collection effort validated findings and empirically tested theories. Smart PLS structural equation modelling (PLS-SEM), quantitative research, and cross-research are used in this study. The findings suggest that corporate culture, transformational leadership, and digital transformation significantly affect organizations’ sustainability. Innovation capability does not affect the relationship between corporate culture and sustainability. However, it mediates the relationship between transformational leadership, digital transformation, and business sustainability. Innovation capabilities and business sustainability performance are moderated by environmental dynamism. This study contributes to sustainable corporate performance theory by showing managers how transformational leadership, digital transformation, and corporate culture can help manufacturing companies grow indefinitely. The findings have major implications for China, a highly industrialized nation. This study could benefit regulatory authorities, academic institutions, industry, government agencies, and researchers.

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Section: Corporate Culture and Innovation Capabilitiesmentioning

confidence: 99%

The Role of Digital Transformation, Corporate Culture, and Leadership in Enhancing Corporate Sustainable Performance in the Manufacturing Sector of China

Asif,

Yang,

Hashim

2024

Sustainability

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“…Enterprises should create an appropriate corporate culture because, according to the research of Park et al (2023), corporate culture can increase business performance. Additionally, according to Khan et al (2023), it is a key aspect of sustainability.…”

Section: Entrepreneurship and Sustainability Issuesmentioning

confidence: 99%

Impact of COVID-19 on corporate culture

Lorincová

2024

JESI

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The crisis associated with the global COVID-19 pandemic has had an impact on the economies of all countries in the world. The stoppage of production lines, insufficient demand, and layoffs were just some of the negative effects that Slovak enterprises also experienced as a result of the dynamically changing business environment. The aim of the research is to determine whether the perception of corporate culture in Slovakia was affected by the COVID-19 pandemic. It is achieved by identifying the type of corporate culture that dominated at the beginning and after the crisis caused by the COVID-19 pandemic. The methodology of Cameron and Quinn, based on the Organizational Culture Assessment Instrument, was chosen. Corporate culture was analyzed based on the opinions of employees working in the private sector in Slovakia during the period from 2020 to 2023. The significance of differences was tested using the Tukey HSD test. The novelty of the research is that the research results confirmed that changes existed in the perception of partial areas of corporate culture, as well as in the perception of the corporate culture type, over time in Slovakia. Furthermore, based on the results obtained, it can be concluded that clan corporate culture dominated in the private sector in Slovakia in 2020; however, hierarchy corporate culture dominated in 2023. The research results are valuable from the point of view of the development of knowledge in the area of corporate culture in Slovakia, understanding its development, and the impact of global trends on corporate culture.

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“…For example, in order to understand the wider East Asian and Association of South‐East Asian Nations (ASEAN) countries context, one should know that legislation on medical devices marketing approval and reimbursement, unlike with pharmaceuticals, remains exceptionally diverse and heterogeneous across this vast region [ 29 ]. Furthermore, safety efficacy and quality requirements are not uniform across these jurisdictions [ 30 ]. Such a landscape creates room for different interpretations by the manufacturers and regulatory authorities [ 31 ].…”

Section: Editorialmentioning

confidence: 99%

Unveiling, Analyzing the Mechanisms of, and Proposing Solutions for Bribery in Japan's Medical Device Sector

Ozaki,

Larkin,

Sakata

et al. 2024

Cureus

Self Cite

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Both public and academic scrutiny of the financial relationships between the medical device industry and the healthcare society occur less frequently than those involving the pharmaceutical industry, and Japan is no exception to these shortcomings. This paper examines the ethical and legal challenges inherent in Japan's medical device industry through the lens of bribery scandals, placing these issues within the broader context of global healthcare corruption.It aims to derive lessons and suggest universal strategies for ethical and legal enhancements. The discussion includes two notable cases: one involving inappropriate transactions between a cancer center and a biliary stent manufacturer, and another concerning a corrupt donation scheme between a medical device company and a university's anesthesiology department, which was found guilty. In our analysis, we also acknowledge the industry's efforts toward compliance and reform to maintain a balanced perspective.The analysis not only highlights the unique culture and structure of the Japanese medical device industry, such as the exploitation of flexible pricing and opaque financial practices but also contrasts these issues with the tightly regulated pharmaceutical industry. This approach reveals both sector-specific challenges and common corruption drivers, enhancing our understanding of why such scandals occur and persist.We propose ethical and compliance-focused business measures such as centralizing donation decisions, limiting the financial independence of marketing divisions, and increasing transparency, alongside adopting mandatory disclosure practices based on successful models from the United States and Europe. By emphasizing integrity and presenting diverse perspectives, this study aims to elevate ethical and legal standards in the medical device industry and improve patient health outcomes worldwide.

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Strategic management and organizational culture of medical device companies in relation to corporate performance

Cited by 4 publications

References 62 publications

The Role of Digital Transformation, Corporate Culture, and Leadership in Enhancing Corporate Sustainable Performance in the Manufacturing Sector of China

The Role of Digital Transformation, Corporate Culture, and Leadership in Enhancing Corporate Sustainable Performance in the Manufacturing Sector of China

Impact of COVID-19 on corporate culture

Unveiling, Analyzing the Mechanisms of, and Proposing Solutions for Bribery in Japan's Medical Device Sector

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