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

References

• Jakovljevic M, Wu W, Merrick J, et al. Asian innovation in pharmaceutical and medical device industry–beyond tomorrow. J Med Econ. 2021;24(sup1):42–50. doi: 10.1080/13696998.2021.2013675.
   PubMedGoogle Scholar
• Sapkota B, Palaian S, Shrestha S, et al. Gap analysis in manufacturing, innovation and marketing of medical devices in the Asia-Pacific region. Expert Rev Pharmacoecon Outcomes Res. 2022;22(7):1043–1050. doi: 10.1080/14737167.2022.2086122.
   PubMed Web of Science ®Google Scholar
• Jakovljevic M. Therapeutic innovations: the future of health economics and outcomes research–increasing role of the Asia-Pacific. Taylor & Francis. 2021;24(sup1):(i–(iii. doi: 10.1080/13696998.2021.2014164.
   Google Scholar
• Park Y, Park S, Lee M. Digital health care industry ecosystem: network analysis. J Med Internet Res. 2022;24(8):e37622. doi: 10.2196/37622.
   PubMed Web of Science ®Google Scholar
• Park Y, Park S, Lee M. Analyzing community care research trends using text mining. J Multidiscip Healthc. 2022;15:1493–1510. doi: 10.2147/JMDH.S366726.
   PubMed Web of Science ®Google Scholar
• Bai X, Hu X, Wang C, et al. Most influential countries in the international medical device trade: network-based analysis. Physica A. 2022;604:127889. doi: 10.1016/j.physa.2022.127889.
   Web of Science ®Google Scholar
• Leonidou LC, Christodoulides P, Kyrgidou LP, et al. Internal drivers and performance consequences of small firm green business strategy: the moderating role of external forces. J Bus Ethics. 2017;140(3):585–606. doi: 10.1007/s10551-015-2670-9.
   Web of Science ®Google Scholar
• García-Gutiérrez I, Martínez-Borreguero FJ. The innovation pivot framework: fostering business model innovation in startups: a new tool helps entrepreneurs design business models by identifying the sources of competitive advantage embedded in an innovation. Res-Technol Manag. 2016;59(5):48–56. doi: 10.1080/08956308.2016.1208043.
   Web of Science ®Google Scholar
• Linnenluecke MK, Griffiths A. Corporate sustainability and organizational culture. J World Bus. 2010;45(4):357–366. doi: 10.1016/j.jwb.2009.08.006.
   Web of Science ®Google Scholar
• Dwyer S, Richard OC, Chadwick K. Gender diversity in management and firm performance: the influence of growth orientation and organizational culture. J Bus Res. 2003;56(12):1009–1019. doi: 10.1016/S0148-2963(01)00329-0.
   Web of Science ®Google Scholar
• Nemec PB. Is there a return on investment for training? Psychiatr Rehabil J. 2018;41(2):160–162. doi: 10.1037/prj0000293.
   PubMed Web of Science ®Google Scholar
• Sung SY, Choi JN. Effects of training and development on employee outcomes and firm innovative performance: moderating roles of voluntary participation and evaluation. Hum Resour Manage. 2018;57(6):1339–1353. doi: 10.1002/hrm.21909.
   Web of Science ®Google Scholar
• Khan RAG, Khan FA, Khan MA. Impact of training and development on organizational performance. Global J Manag Bus Res. 2011;11(7):63–68.
   Google Scholar
• Marimuthu M, Arokiasamy L, Ismail M. Human capital development and its impact on firm performance: evidence from developmental economics. J Int Soc Res. 2009;2(8):60–67.
   Google Scholar
• Protogerou A, Caloghirou Y, Vonortas NS. Determinants of young firms’ innovative performance: empirical evidence from Europe. Res Pol. 2017;46(7):1312–1326. doi: 10.1016/j.respol.2017.05.011.
   Web of Science ®Google Scholar
• Auer A, Jarmai K. Implementing responsible research and innovation practices in SMEs: insights into drivers and barriers from the Austrian medical device sector. Sustainability. 2017;10(2):17. doi: 10.3390/su10010017.
   Google Scholar
• Lee M, Yoon K. Ecosystem of the medical device industry in South Korea: a network analysis approach. Health Pol Technol. 2018;7(4):397–408. doi: 10.1016/j.hlpt.2018.07.008.
   Web of Science ®Google Scholar
• Nilsson S, Ritzén S. Exploring the use of innovation performance measurement to build innovation capability in a medical device company. Creativity Innov Manag. 2014;23(2):183–198. doi: 10.1111/caim.12054.
   Web of Science ®Google Scholar
• Jakovljevic M, Sugahara T, Timofeyev Y, et al. Predictors of (in) efficiencies of healthcare expenditure among the leading Asian economies–comparison of OECD and non-OECD nations. RMHP. 2020;13:2261–2280. doi: 10.2147/RMHP.S266386.
   Web of Science ®Google Scholar
• Lee M. Strategies for promoting the medical device industry in Korea: an analytical hierarchy process analysis. IJERPH. 2018;15(12):2659. doi: 10.3390/ijerph15122659.
   Web of Science ®Google Scholar
• Chang H. The effects of aligning competitive strategy with organizational orientations and environmental characteristics on performance of venture firms [the effects of aligning competitive strategy with organizational orientations and environmental characteristics on performance of venture firms]. Korea J Bus Admin. 2013 11;26(11):2899–2930.
   Google Scholar
• Lee C, Cho K. Firm characteristics, R&D and productivity in the Korean medical device manufacturing firms: an intergroup comparison [firm characteristics, R&D and productivity in the Korean medical device manufacturing firms: an intergroup comparison]. JKIIE. 2018;44(6):432–441. doi: 10.7232/JKIIE.2018.44.6.432.
   Google Scholar
• Jakovljevic MB, Nakazono S, Ogura S. Contemporary generic market in Japan–key conditions to successful evolution. Expert Rev Pharmacoecon Outcomes Res. 2014;14(2):181–194. doi: 10.1586/14737167.2014.881254.
   PubMed Web of Science ®Google Scholar
• Schneider WE. Why good management ideas fail:: the neglected power of organizational culture. Strategy Leadersh. 2000;28(1):24–29. doi: 10.1108/10878570010336001.
   Google Scholar
• Laforet S. Effects of organisational culture on organisational innovation performance in family firms. J Small Bus Enterprise Dev. 2016;23(2):379–407. doi: 10.1108/JSBED-02-2015-0020.
   Web of Science ®Google Scholar
• McDaniel SW, Kolari JW. Marketing strategy implications of the miles and snow strategic typology. J Mark. 1987;51(4):19–30. doi: 10.1177/002224298705100403.
   Web of Science ®Google Scholar
• Porter ME. Technology and competitive advantage. J Bus Strategy. 1985;5(3):60–78. doi: 10.1108/eb039075.
   Google Scholar
• Han Y, Lee W. The influence of competitive strategy, task competence on firm performance: the moderating role of employee training. Korea Assoc Bus Educ. 2017;32(3):229–248. doi: 10.23839/kabe.2017.32.3.229.
   Google Scholar
• Zehir C, Can E, Karaboga T. Linking entrepreneurial orientation to firm performance: the role of differentiation strategy and innovation performance. Proc Soc Behav Sci. 2015;210:358–367. doi: 10.1016/j.sbspro.2015.11.381.
   Google Scholar
• Stonehouse G, Snowdon B. Competitive advantage revisited: Michael Porter on strategy and competitiveness. J Manag Inquiry. 2007;16(3):256–273. doi: 10.1177/1056492607306333.
   Web of Science ®Google Scholar
• Tsamenyi M, Sahadev S, Qiao ZS. The relationship between business strategy, management control systems and performance: evidence from China. Adv Accounting. 2011;27(1):193–203. doi: 10.1016/j.adiac.2011.05.001.
   Google Scholar
• Bayraktar CA, Hancerliogullari G, Cetinguc B, et al. Competitive strategies, innovation, and firm performance: an empirical study in a developing economy environment. Technol Anal Strateg Manag. 2017;29(1):38–52. doi: 10.1080/09537325.2016.1194973.
   Web of Science ®Google Scholar
• Kharub M, Mor RS, Sharma R. The relationship between cost leadership competitive strategy and firm performance. JMTM. 2019;30(6):920–936. doi: 10.1108/JMTM-06-2017-0116.
   Google Scholar
• Yuliansyah Y, Gurd B, Mohamed N. The significant of business strategy in improving organizational performance. Humanomics. 2017;33(1):56–74. doi: 10.1108/H-06-2016-0049.
   Google Scholar
• Herzallah A, Gutierrez-Gutierrez LJ, Rosas JFM. Quality ambidexterity, competitive strategies, and financial performance. IJOPM. 2017;37(10):1496–1519. doi: 10.1108/IJOPM-01-2016-0053.
   Google Scholar
• Na IG. The analysis on the causal relationship between investments on training and firm performance. J Hum Res Manag Res. 2016;23(1):323–344. doi: 10.14396/jhrmr.2016.23.1.323.
   Google Scholar
• Rose RC, Kumar N, Pak OG. The effect of organizational learning on organizational commitment, job satisfaction and work performance. J Appl Bus Res. 2009;25(6):55.
   Google Scholar
• Roumpi D, Magrizos S, Nicolopoulou K. Virtuous circle: human capital and human resource management in social enterprises. Hum Resour Manage. 2020;59(5):401–421. doi: 10.1002/hrm.22002.
   Web of Science ®Google Scholar
• Úbeda-García M, Cortés EC, Marco-Lajara B, et al. Strategy, training and performance fit. Int J Hosp Manag. 2014;42:100–116. doi: 10.1016/j.ijhm.2014.06.001.
   Web of Science ®Google Scholar
• Delery JE, Roumpi D. Strategic human resource management, human capital and competitive advantage: is the field going in circles? Hum Resour Manag J. 2017;27(1):1–21. doi: 10.1111/1748-8583.12137.
   Web of Science ®Google Scholar
• Deal TE, Kennedy AA. Corporate cultures: the rites and rituals of corporate life: Addison-Wesley, 1982. ISBN: 0-201-10277-3. $14.95. Bus Horiz. 1983;26(2):82–85. doi: 10.1016/0007-6813(83)90092-7.
   Web of Science ®Google Scholar
• Kim Y, Kim J. The effects of employee perception of training effectiveness on organizational commitment: the moderating effects of organizational culture. Kor J Ind Organ Psychol. 2020;33(4):409–430. doi: 10.24230/kjiop.v33i4.409-430.
   Google Scholar
• Jakovljevic M, Liu Y, Cerda A, et al. The global South political economy of health financing and spending landscape–history and presence. J Med Econ. 2021;24(sup1):25–33. doi: 10.1080/13696998.2021.2007691.
   PubMed Web of Science ®Google Scholar
• Wu L-F, Huang C, Huang W-C, et al. Aligning organizational culture and operations strategy to improve innovation outcomes: an integrated perspective in organizational. JOCM. 2019;32(2):224–250. doi: 10.1108/JOCM-03-2018-0073.
   Google Scholar
• Jogaratnam G. How organizational culture influences market orientation and business performance in the restaurant industry. J Hospital Tour Manag. 2017;31:211–219. doi: 10.1016/j.jhtm.2017.03.002.
   Web of Science ®Google Scholar
• Naranjo-Valencia JC, Jiménez-Jiménez D, Sanz-Valle R. Studying the links between organizational culture, innovation, and performance in Spanish companies. Rev Latinoam Psicol. 2016;48(1):30–41. doi: 10.1016/j.rlp.2015.09.009.
   Web of Science ®Google Scholar
• Kim D, Lee J, Cho SH, et al. A study on the effects of the R&D activities and patent on the corporate performance of medical device firms in Korea. 2018;19:157.
   Google Scholar
• Nikpour A. The impact of organizational culture on organizational performance: the mediating role of employee’s organizational commitment. IJOL. 2017;6(1):65–72. doi: 10.33844/ijol.2017.60432.
   Google Scholar
• Wang I, Shieh C-J, Wang F-J. Effect of human capital investment on organizational performance. Soc Behav Pers. 2008;36(8):1011–1022. doi: 10.2224/sbp.2008.36.8.1011.
   Web of Science ®Google Scholar
• Lee M, Park S, Lee K-S. What are the features of successful medical device Start-Ups? Evidence from KOREA. Sustainability. 2019;11(7):1948. doi: 10.3390/su11071948.
   Web of Science ®Google Scholar
• Choi M, Yoon HJ. Training investment and organizational outcomes: a moderated mediation model of employee outcomes and strategic orientation of the HR function. The Int J Hum Resour Manag. 2015;26(20):2632–2651. doi: 10.1080/09585192.2014.1003084.
   Web of Science ®Google Scholar
• Lund DB. Organizational culture and job satisfaction. J Bus Ind Market. 2003;18(3):219–236. doi: 10.1108/0885862031047313.
   Google Scholar
• Luthans F, Youssef CM. Human, social, and now positive psychological capital management: investing in people for competitive advantage. Organ Dynam. 2004;33:143–160.
   Web of Science ®Google Scholar
• Ranabhat CL, Jakovljevic M. Sustainable health care provision worldwide: is there a necessary trade-off between cost and quality? Sustainability. 2023;15(2):1372. doi: 10.3390/su15021372.
   Web of Science ®Google Scholar
• Abdul Rashid Z, Sambasivan M, Johari J. The influence of corporate culture and organisational commitment on performance. J Manag Devel. 2003;22(8):708–728. doi: 10.1108/02621710310487873.
   Google Scholar
• Timofeyev Y, Dremova O, Jakovljevic M. The impact of transparency constraints on the efficiency of the russian healthcare system: systematic literature review. J Med Econ. 2023;26(1):95–109. (justaccepted):doi: 10.1080/13696998.2022.2160608.
   PubMed Web of Science ®Google Scholar
• Lee E-T. The effect of HRM systems, innovation strategy, hierarchy oriented culture on learning culture and firm performance. Global Bus Admin Rev. 2015;12(4):171–204.
   Google Scholar
• Akan O, Allen RS, Helms MM, et al. Critical tactics for implementing porter’s generic strategies. J Bus Strateg. 2006;27(1):43–53. doi: 10.1108/02756660610640173.
   Google Scholar
• Brewster C, Hegewisch A. Human resource management in Europe Issues and opportunities. In: Policy and practice in European Human Resource Management. Routledge; 2017. p. 1–21.
   Google Scholar
• Naranjo‐Valencia JC, Jiménez‐Jiménez D, Sanz‐Valle R. Innovation or imitation? The role of organizational culture. Manage Decis. 2011;49(1):55–72. doi: 10.1108/00251741111094437.
   Web of Science ®Google Scholar
• Jakovljevic M, Matter-Walstra K, Sugahara T, et al. Cost-effectiveness and resource allocation (CERA) 18 years of evolution: maturity of adulthood and promise beyond tomorrow. Cost Eff Resour Alloc. 2020;18:15.
   PubMed Web of Science ®Google Scholar
• Jakovljevic M, Lamnisos D, Westerman R, et al. Future health spending forecast in leading emerging BRICS markets in 2030: health policy implications. Health Res Policy Syst. 2022;20(1):23. doi: 10.1186/s12961-022-00822-5.
   PubMed Web of Science ®Google Scholar
• Yoon K, Choi M, Lee M. Policy network analysis the legislation process for medical privatization in korea. Health Policy Technol. 2022;11(3):100654. doi: 10.1016/j.hlpt.2022.100654.
   Web of Science ®Google Scholar
• Jakovljevic M, Cerda AA, Liu Y, et al. Sustainability challenge of Eastern Europe—historical legacy, belt and road initiative, population aging and migration. Sustainability. 2021;13(19):11038. doi: 10.3390/su131911038.
   Web of Science ®Google Scholar
• Jakovljevic M, Timofeyev Y, Ranabhat CL, et al. Real GDP growth rates and healthcare spending–comparison between the G7 and the EM7 countries. Global Health. 2020;16(1):1–13. doi: 10.1186/s12992-020-00590-3.
   PubMed Web of Science ®Google Scholar
• Jakovljevic M, Kanjevac TV, Lazarevic M, et al. Long term dental work force build-up and DMFT-12 improvement in the European region. Front Physiol. 2016;7:48.
   Google Scholar