Keywords

health care as a business, innovation, stakeholder capitalism, stakeholder management

 

Authors

  1. Gilmartin, Mattia J.
  2. Freeman, R. Edward

Abstract

This article examines the recent controversy in health care delivery about whether it should be conceptualized as a business. The current debate implicitly appeals to a common understanding of business and business practices that is no longer very useful. This common notion, which the authors call "cowboy capitalism," conceptualizes business as a competitive jungle resting on self-interest and an urge for competition in order to survive. The authors suggest that stakeholder capitalism offers a more useful framework for the dialogue about health care reform.