scholarly journals Networking Digital Platforms and Healthcare Project Finance Bankability

2021 ◽  
Vol 13 (9) ◽  
pp. 5061
Author(s):  
Roberto Moro-Visconti
Keyword(s):  
Value Creation ◽  
Network Theory ◽  
Research Question ◽  
Project Finance ◽  
Healthcare Industry ◽  
Digital Platforms ◽  
The Third ◽  
A Value ◽  
Major Stakeholder

Framework: Healthcare project finance (PF) involves long-term structural investments in hospitals, typically within a public–private partnership (PPP). Banks represent the third major stakeholder, supporting the private player. Within this well-known framework, digital platforms represent a new virtual stakeholder, operating as a bridging node that incorporates information, and eases transactions. The relationships among the stakeholders are re-engineered around the platform and may be expressed with network theory patterns, even considering its multilayer extensions. Justification: As these investments are highly leveraged, especially during the construction phase, bankability represents a major sustainability concern. Objective: The research question is focused on the savings deriving from the introduction of networked digital platforms, and on their impact on bankability, shaping a new PPP model. Methodology: The study is conducted through (a) an economic–financial sensitivity analysis where digital savings impact on key PF parameters, including bankability; (b) a mathematical interpretation, based on network theory, where the stakeholders of two ecosystems—respectively, without and with a digital platform—are compared. Results: The creation of a value-adding “pie” anticipates its partitioning among the value co-creating stakeholders. This study represents an advance in the field, showing how technological innovation may improve the overall bankability and the value creation of leveraged infrastructural investments, even beyond the healthcare industry.

scholarly journals An apple a day – how the platform economy impacts value creation in the healthcare market

2021 ◽  
Author(s):  
Alexander Gleiss ◽  
Marco Kohlhagen ◽  
Key Pousttchi
Keyword(s):  
Value Creation ◽  
New Technologies ◽  
Healthcare Industry ◽  
Digital Platforms ◽  
Value Network ◽  
Healthcare Market ◽  
Network Analyses ◽  
The Social ◽  
Research Gap ◽  
Platform Economy

AbstractThe healthcare industry has been slow to adopt new technologies and practices. However, digital and data-enabled innovations diffuse the market, and the COVID-19 pandemic has recently emphasized the necessity of a fundamental digital transformation. Available research indicates the relevance of digital platforms in this process but has not studied their economic impact to date. In view of this research gap and the social and economic relevance of healthcare, we explore how digital platforms might affect value creation in this market with a particular focus on Google, Apple, Facebook, Amazon, and Microsoft (GAFAM). We rely on value network analyses to examine how GAFAM platforms introduce new value-creating roles and mechanisms in healthcare through their manifold products and services. Hereupon, we examine the GAFAM-impact on healthcare by scrutinizing the facilitators, activities, and effects. Our analyses show how GAFAM platforms multifacetedly untie conventional relationships and transform value creation structures in the healthcare market.

scholarly journals Sustainable long-term value creation: New finance focus for boards of directors

2021 ◽  
Vol 5 (1) ◽  
pp. 22-30
Author(s):  
Hugh Grove ◽  
Maclyn Clouse ◽  
Tracy Xu
Keyword(s):  
Value Creation ◽  
Circular Economy ◽  
Boards Of Directors ◽  
Research Question ◽  
Business Strategies ◽  
Future Research ◽  
Clear Understanding ◽  
Sustainable Value ◽  
And Performance

The major research question of this paper is how boards of directors’ practices and performance can facilitate the new finance focus on sustainable, long-term value creation. This new finance focus presents opportunities to strengthen corporate performance which enhances the gatekeeper role of boards of directors in helping both shareholders and stakeholders. The following topics are discussed and analyzed in this paper: potential examples, strategic analysis, sustainability analysis, and the circular economy. We discovered several guiding principles based on previous literature, regulatory proposals, and industry practices. Effective boards of directors need to be engaged in sustainable strategy formation and make sure long-term sustainable value creation continues to develop and does not erode. They need to have relevant industry knowledge, diverse expertise, and a proclivity for thinking independently in both good times and bad times, such as the coronavirus pandemic. They also need to develop a clear understanding of sustainable business strategies and how long-term value is created and driven through innovation and the deployment of resources. In addition, we find that boards can assess and monitor ways to measure and manage long-term value creators and drivers and encourage their companies to become involved in the circular economy with its $4.5 trillion investment opportunities. Future research could use case studies and board interviews to investigate boards of directors’ practices and performance, concerning how boards have helped develop strategies and procedures to facilitate this new finance focus on long-term sustainable value creation.

Cost innovation – a value-creation strategy to transform over-priced industries

2018 ◽  
Vol 46 (6) ◽  
pp. 3-13
Author(s):  
Brian Leavy
Keyword(s):  
Value Creation ◽  
Care Delivery ◽  
Competitive Advantages ◽  
Market Demand ◽  
Content Type ◽  
Cost Cutting ◽  
A Value ◽  
The One ◽  
Breakthrough Innovation

Purpose This masterclass examines how two important new books propose to achieve cost innovation, a value creation strategy that can transform an over-priced industry. Design/methodology/approach In their book, marketing gurus Stephen Wunker and Jennifer Luo Law highlight the potential of cost innovation in helping to create new market demand and transform the competitive dynamics in any industry sector, and they offer guidance on how to develop such a strategy. In their study of transformation by value creation, Professors Vijay Govindarajan and Ravi Ramamurti highlight the potential for cost innovations in emerging markets to help transform health care delivery in the West. Findings The authors showcased in this masterclass demonstrate how the value-based principles highlighted by Porter and Christensen and Kim and Mauborge are key to transforming any industry to make it more reliable, accessible and affordable. Practical implications Cost innovation involves taking a fresh approach to the conventional way of delivering value in any given industry and looking for ways to reimagine it. Originality/value The notion of cost as a potential target for breakthrough innovation in its own right is still not widely recognized. As marketing consultants Wunker and Luo Law point out in Costovation: innovation and cost are still most often seen as “magnetic opposites,” the one in natural tension with the other. They set out to challenge this assumption and show how “innovation and cost-cutting” can become “a powerful duo, capable of reshaping markets and creating long-term competitive advantages.”

scholarly journals Book Review: How Creating Customer Value Makes You a Great Executive by Gautam Mahajan

2021 ◽  
Vol 7 (1) ◽  
Author(s):  
B.S. Galdolage
Keyword(s):  
19Th Century ◽  
Value Creation ◽  
Customer Value ◽  
Industrial Revolution ◽  
The Third ◽  
Value Perceptions ◽  
History Of ◽  
The 19Th Century

The history of value perceptions in marketing goes back to the end of the 19th century, to the industrial revolution which gave rise to ‘transaction marketing’. It made a dichotomy between the customer and producer, making value one-way directional from the provider to the customer. In the early 1990s, many ‘industrial nations' which were recognised as ‘production-led economies' started transforming into ‘service led’ seeking to establish long-term relationships with customers focusing on customer retention more than attracting new customers. However, value creation in the third millennium, progressively transformed into a new stage giving priority to the collaborative perspective of value creation which termed as co-creation. Cite this book review: B.S. Galdolage. (2021). Book Review: How Creating Customer Value Makes You a Great Executive by Gautam Mahajan, Vidyodaya Journal of Management, 7(1), 163-165.

scholarly journals HUBUNGAN PENGUASAAN GOI DENGAN KEMAMPUAN SAKUBUN MAHASISWA SEMESTER III TAHUN AJARAN 2017/2018 PROGRAM STUDI PENDIDIKAN BAHASA JEPANG UNIVERSITAS NEGERI PADANG

2018 ◽  
Author(s):  
Nurul Annisac ◽  
Sitti Fatimah ◽  
Hendri Zalman
Keyword(s):  
Significant Relationship ◽  
Research Question ◽  
Language Education ◽  
Sampling Technique ◽  
Correlation Study ◽  
Japanese Language ◽  
Study Program ◽  
The Third ◽  
A Value ◽  
Education Study

This study aims to determine whether there is a relationship or there is no significant relationship between the mastery of Goi and the ability of the third semester students of the 2017/2018 academic year of the Japanese Language Education Study Program at Universitas Negeri Padang. The design of this research is correlation study. The population of this study is the third semester students of the 2017/2018 school year Japanese Language Education Study Program, Universitas Negeri Padang. The total population and sample were 30 people. The sample was selected using the total sampling technique. Data collection in this study used 2 tests, namely multiple choice objective tests for Goi mastery and essay tests for students' ability. The result of the first research question shows that the student's mastery score is excellent with a value of 89.76. The results of the second research question shows that the ability of students was very good with a value of 84.47. The result of the third research question shows hat the correlation value of two variables: Goi mastery and Sakubun ability are 0.3225. This proves that H0 is rejected and H1 is accepted, it means that there is a significant relationship between the mastery of Goi with Sakubun ability.

scholarly journals Critically Exploring Value Destruction to Create More Value

2019 ◽  
Vol 5 (1) ◽  
pp. 3-10 ◽  
Author(s):  
Gautam Mahajan
Keyword(s):  
Value Creation ◽  
New Technologies ◽  
New Products ◽  
Thought Process ◽  
Monitoring Strategy ◽  
Special Issue ◽  
The Third ◽  
A Value

The purpose of this article is fourfold. The first is to get practitioners and academics understand the value of a value destruction focus. How can it improve value creation? This is a brand new area that has not hitherto received much attention. The second is to get practitioners to use this thinking more actively in building their strategy, operational thinking, compliance thought process and regulatory and political (environmental and external) thinking. The third is to open up a new area of research for academics who work on various subjects where value creation is a goal or is important. Perhaps they can analyse past failures and come up with recipes for greater value creation and a process for analysis before committing to a path of action or they can find better processes for looking at, designing, developing or monitoring strategy, new products and services, new technologies and new operational thinking. What new tools can be developed to analyse or mitigate value destruction or simply foresee these? This should also open a debate and papers in Journal of Creating Value and perhaps lead to a special issue. What techniques can be used to change managerial mind-sets. Finally and fourth, the aim is to get away from reactive and ‘after-the-fact’ analysis to proactive value creation and reduce value destruction and learn from value destruction potential.

scholarly journals Prioritizing Short-Termism in Behavioural Strategy: Lessons from Enron – 20 Years On

2019 ◽  
Vol 14 (4) ◽  
pp. 60
Author(s):  
Gianpaolo Abatecola
Keyword(s):  
Corporate Strategy ◽  
Research Question ◽  
Top Executives ◽  
Corporate Scandals ◽  
A Value ◽  
Behavioural Strategy ◽  
The Us ◽  
Big Picture ◽  
Short Termism

What are the risks of prioritizing short-term goals in corporate strategy against more long-term oriented (and hopefully sustainable) corporate performance? Through a qualitative case study narrative recalling some aspects of the sadly famous, but still insightful, bankruptcy of the Enron Corporation in the US (2001), this article aims at contributing to shed light on this lively research question within the international research on and practice of behavioural strategy. Given that, also currently, the seasons of corporate scandals do not seem to have ended, the main motivation behind this work is that the lessons which we could have learned after almost 20 years since the Enron seminal disaster occurred, can still probably have a value. In parallel, the main conceptual contribution offered by our case perspective is that, while the massive past and recent Enron’s coverage has mostly devoted attention to the aspects of fraud and its associated business ethics, our analysis is, instead, focused on the corporate strategic orientation mainly deriving from the macho culture of the top executives. Of course, we are aware that concentrating on the latter cannot avoid acknowledging also the importance of the former. Furthermore, the case can also offer a methodological contribution; in fact, while much of the research in corporate governance has been implemented through quantitative techniques, scholars have also recently claimed that additional qualitative research is complementarily needed to reach a more exhaustive big picture on how executives behave.

The Fiscal Effects of Economic Immigration on Subnational Government Finance in Poland

e-Finanse ◽  
2019 ◽  
Vol 15 (1) ◽  
pp. 45-58
Author(s):  
Marzanna Poniatowicz ◽  
Agnieszka Piekutowska
Keyword(s):  
Social Policy ◽  
Income Tax ◽  
Research Question ◽  
Personal Income Tax ◽  
Government Finance ◽  
Subnational Government ◽  
Migration Research ◽  
The Impact ◽  
High Share

AbstractThe aim of the paper is to analyse the effects of economic immigration on subnational government finance (SNG) in Poland. The goal to achieve is to answer the following research question: what are the fiscal effects of immigration on SNG budget revenues and expenditures. To answer this question, logarithmic models were developed. The analysis refers to the years 2007-2016. In this respect, data from Statistics Poland - referring to budget revenues and expenditures of communes, cities of district status, districts and voivodeships - were used. As far as immigration statistics are concerned, data from the Ministry of Family, Labour and Social Policy were used. The results indicate an increase in both revenues and expenditures of SNG as a result of immigration. Such results can be explained inter alia by the nature of migration - research were focused on economic immigration. Results confirm that the level of employment of foreigners is one of the determinants shaping the fiscal effect of immigration. Moreover, the impact of economic immigration on SNG budget revenues and expenditures depends on the structure of this budget. This explains the differentiated results of the analysis of the impact of immigration on SNG in different countries. The positive correlation between immigration and SNG revenues in Poland can be associated with a high share of subnational governments in personal income tax revenues as this tax is one of the main categories of SNG revenues. Furthermore, results show that the impact of immigration on local government budgets in Poland is modest. This confirms the conclusions drawn by other authors (e.g. Auerbach and Oreopoulos), that in the long term, immigration cannot be considered as a potential instrument for resolving fiscal imbalances.

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