Title :
Business models and leadership styles in small medical device and bio-science businesses - examples in a region and their implications
Author :
Williams, D.J. ; Hourd, P.C.
Author_Institution :
Wolfson Sch. of Mech. & Manuf. Eng., Loughborough Univ., UK
Abstract :
This paper reviews the leadership styles and business models found in small technologically based businesses operating in the healthcare sector within one of the UK regions, the East Midlands. The most frequently encountered business model strands were 1) mixed economies: that fund development with service income; cross-sectoral product portfolios; and decoupled business portfolios led by a single entrepreneur and 2) scale sensitive "stay small" models including the avoidance of venture capital; "early exit"; and virtual business strands. There was found to be little correlation between leadership style and business model for the small number of businesses surveyed. The avoidance of venture capital is in direct contrast to adjacent regions.
Keywords :
biomedical equipment; health care; reviews; bioscience business; business models; cross-sectoral product portfolios; decoupled business portfolios; healthcare; leadership styles; mixed economies; scale sensitive stay small models; service income; small medical device business; venture capital; virtual business; Biomedical engineering; Business; Companies; Costs; Engineering management; Intellectual property; Manufacturing; Portfolios; Risk management; Senior members; Business model; health care products; leadership style; small businesses;
Conference_Titel :
Engineering in Medicine and Biology Society, 2004. IEMBS '04. 26th Annual International Conference of the IEEE
Conference_Location :
San Francisco, CA
Print_ISBN :
0-7803-8439-3
DOI :
10.1109/IEMBS.2004.1404424
