Medical Entrepreneurship

Rizal Philippines
April 24, 2016

From HBR - Medical Entrepreneurship a New Movement to Accelerate Cures

Doctorpreneurs


I was tasked with making a presentation on Medical Entrepreneurship by Dr Efren Laxamana and I prepared a PPT for the said topic. Unfortunately, the event for the presentation never came.  I like the topic that is why I prepared the slide.

The recent conference for GSB I was told that the output of MBAH focused on research on medical science innovation.  I had students before Dr. Catan who had numerous invention on prosthesis and orthopedic devices, and a surgeon now at ASMPH who had numerous inventions for surgical equipment.  Truly there were numerous outstanding work by doctors in their field, outside of the MBA but within the scope of their practice as professions.

There is a recent article in HBR on the said subject matter.  The article decried Kaizen, baby steps innovation in the medical practice. It called for quantum type of innovation, and breakthroughs, lke cure for Alzheimer, or cancer, or prostrate.  However, many researchers are hampered by focus on getting the funding and writing the research proposal rather than the research

How can we structure a class syllabus that will aim to develop such kind of doctors.?

How come Japan is into negative territory?

Rizal Philippines
April 24, 2016

Japan has again fallen intor recession

Japan has been into recession (contracting economy) for several years now.  The President IMF, LaGarde is worried not so much with less developing countries but with Japan. Japans public debt is 237% of its GDP, the highest among developed countries - WSJ  Although yen is now the darling of world currency, she was worried about too much debt of Japan, although mostly yen denominated (US has plenty of debt too - almost trillion dollars)

And its giants like Nissan, Toshiba, and Sharp have been taken over by foreign partners.  Of late, Mitsubishi is in trouble because of its alleged cheating on emission tests (like VW)  Because of the recent earthquake at Kyushu, giant car makers Toyota and Honda have ceased production because of disruption of supply chain.

From Japan Times - Sharp and Toshiba face dire prospects

The combination of  natural calamities, (earthquakes) aging population plus mistakes in fiscal and monetary policies have brought Japan into this challenges.  Let us add management complacency and smugness.  The Japan tiger of yore has become slow, and probably unmindful of world developments which included China.  The Japanese management and technological prowess on Kaizen, QFD, Gemba, TPM 5s was overcome by cheap and mass produced products from China. Everybody was caught unprepared.

Some say that loss of entrepreneurship fueled by conservative Japanese banks who favored large and and ongoing concerns, contributed to loss of innovation and change in Japan.  The likes of Akio Morita of Sony and Konosuke Matsushita who were for sound management and innovation was gone.

MBAH has new head - Dra Gloan Adolor

Rizal Philippines
April 24, 2016

I joined the MBAH faculty meeting called for by Dra. Gloan Adolor who teaches at AMSPH and was a former student at MBAH. In a strange twist of things, 7 years ago she was student and I was senior to her, 7 years later, I am reporting to her.  She invited me to join the meeting as she presented the vision for the MBAH.  I was apprehensive about the growing unpopularity and phasing out of senior professors the GSB. She said though that we/the seniors are welcome, because there is a group of MBAH students who are in the 40 -50 age category and presumably they will listen only to the seniors only

I taught about 4 classes of MBAH and I enjoyed it, as the students mostly doctors probably did too. I was able to tweak the syllabus to make it interesting to MDs, being a former detailman of the largest drug company in the Phl.  This gave me a familiarity with behavior the wants and needs of Drs.  And I have two uncles who are MDs, a sister who is an MD in the US and an x. In the other classes in Clark,there are many MDs who not finding MBAH in Clark, are taking up Regis MBA

Some comments:

1. Dr. Gloanne said that the MBA H should strive to develop 3 modes of thinking:  critical, creative, and spiritual.  In the entrep classes I held, had the three of them developed:   creativity via the business plan,  and submission of new 6 or new 12 as the case may be, critical thinking in case analysis and oral recitation, and spiritual in opening class prayer

2.  On the MBA having split personality.  On one hand we want our students to seize opportunity, to maximize to glorify PHP, but on the other hand, on the other breadth we want them to give them all away.  Or share It does not stand well in the path of wannabees.  But we see from examples of Buffet, Gates, Mother Teresa, and somebody who gave away $250 million for cancer research that it gives them extreme joy to leave a legacy for humanity and to make this world much better.  In Clark, I saw such doctors who has that passion of sharing even before they joined Ateneo

3.  There were complaints from other faculty about new rules that were rather petty and disincentive to current more experienced mentors