Keywords: technology innovation, competitive advantage, hospitals, management strategy, healthcare, technology adoption
Technological innovations in hospitals: what kind of competitive advantage does adoption lead to?
The authors propose an analytical framework for innovations, based on the resource-advantage theory of competition. Categorisation of innovations depends on how they contribute to a firm's competitive advantage. Essentially, do innovations reduce costs to the organisation, or do they increase the value of its market offerings? They apply this framework to an important segment of the US economy: healthcare (specifically hospitals), to examine the impact of technological innovations for competitive advantage. The findings show that adoption is higher among bigger hospitals and also teaching hospitals.