Medical Ethics and Entrepreneurship: Convergence and Divergence

Abstract

This chapter investigated the roles of medical ethics and entrepreneurship in innovative development, determined the ethical issues in medicine and health promotion, and examined medical ethics and entrepreneurial principles, convergence and divergence. This is with the core aim of critically investigating medical ethics and entrepreneurship and their convergence and divergence. This study adopted a descriptive survey research design. Data for the study were collected using secondary sources, that is, through Google Scholar, Google Search, peer-reviewed journals, textbooks, interviews, and many more viable sources. Hence, the use of secondary research was engaged in carrying out related literature in this study. Data were analysed using qualitative and content analysis. The thematic analysis was used for qualitative data where themes were drawn in line with the research questions to be answered. The study revealed that medical ethics include respect for autonomy, beneficence, non-maleficence, and justice. Additionally, some of the issues connected with these developments that could go against medical ethics are inadequate technical and medical experts to operate the technology, expenses and cost, fraudulent patients’ data access, and human-to-machine treatments. The study concluded that the convergence of medical ethics and entrepreneurship is based on innovation, services provision, engagement of technology, and many more, while their divergence comes with an exception on issues such as social, religious, and economic implications.