Beyond the Bottom Line: The Role of Personal Characteristics in Healthcare Entrepreneurship
This study fills a crucial gap by offering fresh insights into healthcare entrepreneurs’ characteristics and decision-making, enriching the understanding of entrepreneurial behavior. Employing a mixed-methods approach, by combining qualitative and quantitative data, the researchers examined how fact...
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| Format: | Article |
| Language: | English |
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MDPI AG
2025-01-01
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| Series: | Administrative Sciences |
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| Online Access: | https://www.mdpi.com/2076-3387/15/1/28 |
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| author | Eliza Ciobanu Oana Bărbulescu |
| author_facet | Eliza Ciobanu Oana Bărbulescu |
| author_sort | Eliza Ciobanu |
| collection | DOAJ |
| description | This study fills a crucial gap by offering fresh insights into healthcare entrepreneurs’ characteristics and decision-making, enriching the understanding of entrepreneurial behavior. Employing a mixed-methods approach, by combining qualitative and quantitative data, the researchers examined how factors such as age, gender, education, number of children, marital status, and house ownership influence business orientation. Utilizing both quantitative data, collected through surveys, and statistical analyses, conducted in EViews 12, data drawn from 113 Romanian medical start-ups revealed that marital status was a significant determinant, with single individuals exhibiting a profit-centric approach, while couples or married entrepreneurs prioritize patient well-being. Also, the lower the sense of ownership, the lower the number of co-founders there was in the start-up. The motivation of entrepreneurs involved in start-ups with more than two co-founders, is based on the motivation behind a problem that directly affected the entrepreneurs themselves. An unexpected result was found regarding the healthcare entrepreneurs that perceive failure more due to lack of funding than competition, especially in profit-focused ventures, shaping their decision-making. To shape managerial implications, the authors depicted the swim lane decision-making process diagram based on these insights. |
| format | Article |
| id | doaj-art-639e2417c927420c9e04edb7328733d7 |
| institution | Kabale University |
| issn | 2076-3387 |
| language | English |
| publishDate | 2025-01-01 |
| publisher | MDPI AG |
| record_format | Article |
| series | Administrative Sciences |
| spelling | doaj-art-639e2417c927420c9e04edb7328733d72025-01-24T13:15:22ZengMDPI AGAdministrative Sciences2076-33872025-01-011512810.3390/admsci15010028Beyond the Bottom Line: The Role of Personal Characteristics in Healthcare EntrepreneurshipEliza Ciobanu0Oana Bărbulescu1Faculty of Economic Sciences and Business Administration, Department of Marketing, Tourism Services and International Affairs, Transilvania University of Brașov, 500068 Brașov, RomaniaFaculty of Economic Sciences and Business Administration, Department of Marketing, Tourism Services and International Affairs, Transilvania University of Brașov, 500068 Brașov, RomaniaThis study fills a crucial gap by offering fresh insights into healthcare entrepreneurs’ characteristics and decision-making, enriching the understanding of entrepreneurial behavior. Employing a mixed-methods approach, by combining qualitative and quantitative data, the researchers examined how factors such as age, gender, education, number of children, marital status, and house ownership influence business orientation. Utilizing both quantitative data, collected through surveys, and statistical analyses, conducted in EViews 12, data drawn from 113 Romanian medical start-ups revealed that marital status was a significant determinant, with single individuals exhibiting a profit-centric approach, while couples or married entrepreneurs prioritize patient well-being. Also, the lower the sense of ownership, the lower the number of co-founders there was in the start-up. The motivation of entrepreneurs involved in start-ups with more than two co-founders, is based on the motivation behind a problem that directly affected the entrepreneurs themselves. An unexpected result was found regarding the healthcare entrepreneurs that perceive failure more due to lack of funding than competition, especially in profit-focused ventures, shaping their decision-making. To shape managerial implications, the authors depicted the swim lane decision-making process diagram based on these insights.https://www.mdpi.com/2076-3387/15/1/28healthcare entrepreneursbusiness orientationentrepreneurial mindsetpersonal characteristicsmanagerial implicationsentrepreneurship |
| spellingShingle | Eliza Ciobanu Oana Bărbulescu Beyond the Bottom Line: The Role of Personal Characteristics in Healthcare Entrepreneurship Administrative Sciences healthcare entrepreneurs business orientation entrepreneurial mindset personal characteristics managerial implications entrepreneurship |
| title | Beyond the Bottom Line: The Role of Personal Characteristics in Healthcare Entrepreneurship |
| title_full | Beyond the Bottom Line: The Role of Personal Characteristics in Healthcare Entrepreneurship |
| title_fullStr | Beyond the Bottom Line: The Role of Personal Characteristics in Healthcare Entrepreneurship |
| title_full_unstemmed | Beyond the Bottom Line: The Role of Personal Characteristics in Healthcare Entrepreneurship |
| title_short | Beyond the Bottom Line: The Role of Personal Characteristics in Healthcare Entrepreneurship |
| title_sort | beyond the bottom line the role of personal characteristics in healthcare entrepreneurship |
| topic | healthcare entrepreneurs business orientation entrepreneurial mindset personal characteristics managerial implications entrepreneurship |
| url | https://www.mdpi.com/2076-3387/15/1/28 |
| work_keys_str_mv | AT elizaciobanu beyondthebottomlinetheroleofpersonalcharacteristicsinhealthcareentrepreneurship AT oanabarbulescu beyondthebottomlinetheroleofpersonalcharacteristicsinhealthcareentrepreneurship |