The Role of Entrepreneurial Orientation in Achieving Organization Performance Through Business Model Innovation and Strategic Collaboration

Abstract

External environment faced by the firms today shows the uncertainty due to the disruptive change that occurs in all aspects. Impacts of the phenomenon of disruptive innovation, which upset the balance of the market, require all companies to renew themselves in order to maintain their positions in the competition. To that end, many researchers mentioned the importance of strategic management with entrepreneurial approach in the process of formulation and implementation of corporate strategy in the era of the 21st century. This paper intended to represent the role of entrepreneurial orientation in creating superior and sustainable organizational performance, through business model innovation and collaborative strategic relationship, as inimitable intangible. This study uses hospital industry in Indonesia as the research context which currently faces disruptive change at the time of policy reformation regarding hospital payment system, and denoted the urgent need for entrepreneurial strategies to mitigate them. This conceptual paper is a preliminary steps prior to the empirical research, which expected to contribute to academics, researchers, and all of hospital stakeholders in deepening the understanding on hospital strategy -that should simultaneously consider business ethics, and also ensure the preservation of the relationship in the stakeholder networks with conflicting interests.

Does Digital Transformation Impact Upper-Middle-Class Hospital Performance Through Business Model Innovation? (Preprint)

“…By leveraging advanced digital tools and technologies, upper-middle-class hospitals can optimize their processes, reduce costs, and deliver higher-quality healthcare services, ultimately enhancing their overall performance. BMI [13] serves as a mediating factor in the relationship between DT and hospital performance [20]. The concept of BMI refers to the process of designing novel value propositions, value creation, and value capture mechanisms that differentiate an organization from its competitors.…”

“…The role of entrepreneurship has proven to be crucial in improving organizational performance through Business Model Innovation and strategic collaboration, especially in the context of the hospital industry in Indonesia [20]. When entrepreneurial aspects are implemented well, hospitals can be more responsive to changes in the environment and patient needs [26], which can ultimately improve the overall performance of the organization.…”

“…When entrepreneurial aspects are implemented well, hospitals can be more responsive to changes in the environment and patient needs [26], which can ultimately improve the overall performance of the organization. Therefore, integrating entrepreneurial aspects in business model development is key to improving the quality of health services and Hospital Performance as a whole [20].…”

influence of market orientation and entrepreneurship orientation in achieving hospital performance

“…Hospitals are currently required to be more creative in providing adequate services to win the competition and have a competitive advantage that can improve hospital performance (Tirtayasa, 2022). In a very dynamic hospital competition, the need for market orientation and entrepreneurial orientation can improve hospital performance and offer superior value to other hospital competitors (Dewi et al, 2017).…”

Vocational High School Readiness in Anticipating 21st Century Environmental Turbulence

“…The environmental turbulence of Vocational High Schools (VHS) in Indonesia can change continuously, substantially, uncertainly, unpredictably [1]. Rhenald Kasali called it a technological disruption for individuals who could not keep up with the times [2].…”