SHIFTING BUSINESS STRATEGY OF INTERNATIONAL STANDARD HOSPITAL IN METAVERSE ERA

Authors

  • Yurika Santika Dewi Pendidikan Nasional University (Undiknas University) Denpasar, Bali
  • Gede Sri Darma Pendidikan Nasional University Denpasar, Bali (Undiknas University)

DOI:

https://doi.org/10.18196/jmmr.v11i1.14207

Keywords:

Shifting business strategy, Metaverse, Hospital, Digital, Crisalix Virtual Aesthetics

Abstract

As the most impacted sector by the pandemic situation, healthcare services should be prepared to encounter the Metaverse era. Hospitals should start thinking strategies to be taken, especially for International Standard Hospital. The aim of the research is to determine and evaluate the effectiveness of shifting business strategy conducted by BIMC Siloam Nusa Dua Bali Hospital in encountering metaverse era. Qualitative and quantitative data is used in this research by using techniques of collecting data through interviews, observation, and documentation. Research informants as many as 8 people, the Chief Executive Officer, top management representatives, and operational representatives. For triangulation informants were represented by the Chief of Management,  the Chief of Operating, and two patients. The used of analysis technique in this research is qualitative analysis. The result research indicate the occurrence of shifting business strategy initially with (1) main market is from foreign tourist turning onto domestic tourist, local residents and expats, (2) the existence of digitalization service innovations, and (3) the emergence of new product, Crisalix Virtual Aesthetics, and Bariatric Surgery.

References

Abbo, A., Miller, A., Gazit, T., Savir, Y., & Caspi, O. (2020). Technological developments and strategic management for overcoming the covid-19 challenge within the hospital setting in israel. Rambam Maimonides Medical Journal, 11(3), 1–9. https://doi.org/10.5041/RMMJ.10417

Alomran, M. (2019). Implementation of Strategic Management Practices in Healthcare Sector in Saudi Arabia. International Journal of Business and Administrative Studies, 5(3), 131–144. https://doi.org/10.20469/ijbas.5.10003-3

Chen, D., & Zhang, R. (n.d.). Exploring research trends of emerging technologies in Health Metaverse : a bibliometric analysis.

Demir, I. B., & Ugurluoglu, O. (2019). Evaluation of the Use of Strategic Management Tools by Hospital Executives in Turkey. Journal of Health Management, 21(1), 38–52. https://doi.org/10.1177/0972063418822216

Firdaus, K. K., Wondabio, L. S., Arismen, Sulistiadi, W., Chalik, A., Karyono, K., Rohadin, R., Indriyani, D., Oktamianti, P., Pebrina, A., Hasan, S., Putra, A. H. P. K., Hukum, F., Diponegoro, U., Rsud, S., Temanggung, K., Aulia, D., Ayu, S. F., Nasution, N. H., … Hasanuddin, K. X. I. V. (2020). Panduan Teknis Pelayanan Rumah Sakit. Direktorat Pelayanan Kesehatan Rujukan, 1689–1699. https://arxiv.org/pdf/1707.06526.pdf%0Ahttps://www.yrpri.org%0Ahttp://weekly.cnbnews.com/news/article.html?no=124000%0Ahttps://www.fordfoundation.org/%0Ahttp://bibliotecavirtual.clacso.org.ar/Republica_Dominicana/ccp/20120731051903/prep%0Ahttp://webpc.cia

Gradinaru, P. (2018). Approaching Model of the Strategic Management Process of the Company. Buletin Ştiinţific: Universitatea Din Piteşti. Seria Ştiinţe Economice, 17(3), 93–100.

Iamratanakul, S. (2017). A Conceptual Framework of Implementing Business Strategy for the NPD Process. Review of Integrative Business and Economics Research, 7(1), 116. http://buscompress.com/journal-home.html

Kasali, R. (2018). The Great Shifting. In Series on Disruption (p. 523).

Koen, P. (2017). Osterwalder ’ s Business Model Canvas Doesn ’ t Work for Start-ups. 1(2), 24–28.

Lanham, N. S., Bockelman, K. J., & McCriskin, B. J. (2020). Telemedicine and orthopaedic surgery: The Covid-19 pandemic and our new normal. JBJS Reviews, 8(7), 1–7. https://doi.org/10.2106/JBJS.RVW.20.00083

Marques, I., Serrasqueiro, Z., & Nogueira, F. (2021). Managers’ competences in private hospitals for investment decisions during the COVID-19 pandemic. Sustainability (Switzerland), 13(4), 1–14. https://doi.org/10.3390/su13041757

Melman, G. J., Parlikad, A. K., & Cameron, E. A. B. (2021). Balancing scarce hospital resources during the COVID-19 pandemic using discrete-event simulation. Health Care Management Science, 19, 356–374. https://doi.org/10.1007/s10729-021-09548-2

Namugenyi, C., Nimmagadda, S. L., & Reiners, T. (2019). Design of a SWOT analysis model and its evaluation in diverse digital business ecosystem contexts. Procedia Computer Science, 159, 1145–1154. https://doi.org/10.1016/j.procs.2019.09.283

Nasi, L. A., & Parini, M. (2020). Getting Ready for the Covid-19 Hospital. https://doi.org/10.1056/CAT.20.0428

Ojasalo, J., & Ojasalo, K. (2018). Service Logic Business Model Canvas. Journal of Research in Marketing and Entrepreneurship, 20(1), 70–98. https://doi.org/10.1108/JRME-06-2016-0015

Pascuci, L. M., Meyer Júnior, V., & Crubellate, J. M. (2017). Strategic management in hospitals: Tensions between the managerial and institutional lens. BAR - Brazilian Administration Review, 14(2), 1–21. https://doi.org/10.1590/1807-7692bar2017160092

Qastharin, A. R. (2018). Business Model Canvas for Social Enterprise. School of Business and Management, 1(10), 1–11. https://www.researchgate.net/publication/323393037

Sibalija, J., Barrett, D., Subasri, M., Bitacola, L., & Kim, R. B. (2021). Understanding value in a healthcare setting: An application of the business model canvas. Methodological Innovations, 14(3), 205979912110504. https://doi.org/10.1177/20597991211050477

Speziale, G. (2015). Strategic management of a healthcare organization: Engagement, behavioural indicators, and clinical performance. European Heart Journal, Supplement, 17, A3–A7. https://doi.org/10.1093/eurheartj/suv003

Thamrin, H., Herlambang, R., Brylian, B., Gumawang, A. K. A., & Makmum, A. (2017). A SWOT analysis tool for Indonesian small and medium enterprise. ARPN Journal of Engineering and Applied Sciences, 12(2), 620–625.

Thomason, J. (2021). MetaHealth - How will the Metaverse Change Health Care ? 13–16.

Wheelen, T. L., Hunger, J. D., Hoffman, A. N., & Bamford, C. E. (2017). Strategic management and business policy: pearson.

Wong, J., Goh, Q. Y., Tan, Z., Lie, S. A., Tay, Y. C., Ng, S. Y., & Soh, C. R. (2020). Preparing for a COVID-19 pandemic: a review of operating room outbreak response measures in a large tertiary hospital in Singapore. Canadian Journal of Anesthesia, 67(6), 732–745. https://doi.org/10.1007/s12630-020-01620-9

Woodhouse, M., & Scriven, M. (2016). Enhancing the Strategic Management Process Through the Use of Professional Evaluation Methods and the Logic of Evaluation. Journal of MultiDisciplinary Evaluation, 12(26), 1–11.

Downloads

Published

2024-03-06

Issue

Section

Articles