Social Entrepreneurship and Medical Entrepreneurship: Lessons from Nigeria

Ik Muo ()
Additional contact information
Ik Muo: Olabisi Onabanjo University

Chapter Chapter 11 in Medical Entrepreneurship, 2023, pp 167-182 from Springer

Abstract: Abstract This is a qualitative descriptive study that undertook a case study of Professor Nwosu and the Apex Specialist Hospital, which he founded in 1981 at Igbo-Ukwu, a rural community in Anambra state. Open-ended interviews conducted by the author were the method of data collection. The study found that social and medical entrepreneurship (SME) is similar in many regards to conventional entrepreneurship; that entrepreneurial alertness, earlier identification of opportunities and innovativeness are essential; and that the social/medical entrepreneur need not go it but should attract likeminded fellows, harness other talents and effectively deploy OPM (other peoples’ money) in pursuit of dreams. The study also found that the government has not played a much positive role in support of SMEs and that the future is bright for that genre of entrepreneurship. It thus recommended that the government create an enabling environment (physical and policy) as well as support SMEs; players in this field should ‘dig in’ avoid the temptation of going it alone and design an effective succession model by bringing in others (investors and talent) on board, continuously alert to entrepreneurial opportunities and continuously update their offerings.

Keywords: Entrepreneurship; Health care; Medical entrepreneurship; Opportunities; Risks; Social entrepreneurship (search for similar items in EconPapers)
Date: 2023
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-981-19-6696-5_11

Ordering information: This item can be ordered from
http://www.springer.com/9789811966965

DOI: 10.1007/978-981-19-6696-5_11

Access Statistics for this chapter

More chapters in Springer Books from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().