AN OVERVIEW OF BUSINESS MODELS IN THE CZECH CHEMICAL INDUSTRY

Result code in IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216305%3A26510%2F18%3APU139772" target="_blank" >RIV/00216305:26510/18:PU139772 - isvavai.cz</a>

Result on the web

<a href="https://imes.vse.cz/wp-content/uploads/2018/07/Conference_Proceedings_IMES_2018.pdf" target="_blank" >https://imes.vse.cz/wp-content/uploads/2018/07/Conference_Proceedings_IMES_2018.pdf</a>

DOI - Digital Object Identifier

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Result language

angličtina

Original language name

AN OVERVIEW OF BUSINESS MODELS IN THE CZECH CHEMICAL INDUSTRY

Original language description

Purpose: The paper's objective is to provide an overview of the utilized business models in the Czech chemical industry, more specifically section 20.1 according to CZ NACE. The aims of the underlying research are to provide a methodology to study an industry through the scope of its business models and utilize it on a specific industry to identify novel business models. Specifically, the research was conducted to identify the specific elements (or features) of novel business models based on sustainable multiple customer value creation within the context of the chosen industry. Design/methodology/approach: The methodology is based on the work of different authors. Based on their methodologies and research a questionnaire was developed to fit the specific goal. The questionnaire's relevance was tested during semi-structured interviews with 2 directors from 2 different companies belonging in the sample. The sample consists of all 38 companies belonging to section 20.1 CZ NACE. The questionnaire was primarily targeted to commercial directors or production directors. It consisted of 32 questions regarding selected elements of their company's business model. These elements were later used to provide an overview of the business models for the selected industry. Findings: Within such a capital-intensive industry under the spotlight of many external audits and under heavy legislation, following the issued legislation becomes a competitive advantage. The majority and minority business model constructs state the business model elements utilized by most of companies and vice versa. In effect the legislation and constant audits pushes companies towards more industrial safety and meeting environmental customer expectation while social expectations are being met by a smaller number of companies. Research/practical implications: The majority and minority business model constructs provide an overview of the current trends in the selected industry. Due to the narrow orientation o

Czech name

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Czech description

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Type

D - Article in proceedings

CEP classification

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OECD FORD branch

50204 - Business and management

Project

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Continuities

S - Specificky vyzkum na vysokych skolach

Publication year

2018

Confidentiality

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Article name in the collection

Innovation management, entrepreneurship and sustainability 2018; Proceedings of the 6th International Conference

ISBN

978-80-245-2274-6

ISSN

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e-ISSN

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Number of pages

15

Pages from-to

520-529

Publisher name

Department of entrepreneurship, Faculty of Business Administration, University of Economics, Prague

Place of publication

Praha

Event location

Praha

Event date

May 31, 2018

Type of event by nationality

WRD - Celosvětová akce

UT code for WoS article

000461375200043