Practical applications of student business ideas (example of a concrete project)

Result code in IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F04274644%3A_____%2F22%3A%230000968" target="_blank" >RIV/04274644:_____/22:#0000968 - isvavai.cz</a>

Result on the web

<a href="https://drive.google.com/drive/folders/1DhA4QkHNyib23fkh-XxDz109kDlSbTQm" target="_blank" >https://drive.google.com/drive/folders/1DhA4QkHNyib23fkh-XxDz109kDlSbTQm</a>

DOI - Digital Object Identifier

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Result language

čeština

Original language name

Practical applications of student business ideas (example of a concrete project)

Original language description

A trend of connecting theory with practice is evident in today´s education. Cooperation with students in the preparation of business projects creates an opportunity for practice-oriented teaching. The goal is to support the creative and innovative thinking of the young generation, which is so important in the current conditions of the global economy, digitalization, green economy and Industry 4.0. At the University of Finance and Administration in Prague, cooperation with students also includes involving them in analytical work at the companies where these students - self-payers - are employed. Teachers at VŠFS play the role of a mentor and a consultant in solving some specific and challenging problems. This article is also based on such collaboration. This article is focused on the project of the so-called "Ambassador Pharmacies" with special attention which is paid to cooperation among selected pharmacies and sales representatives of a pharmaceutical company. For the purpose of this article, the students' analytical work was concentrated in the area of updating part of the business model. The analyzed organization is a pharmaceutical company that has been operating in the Czech Republic for more than 10 years and employs more than 100 people. The project of „Ambassador Pharmacies“ is based on the idea of making products visible at the point of sale, i.e. at pharmacies, and increasing product recommendations by pharmacists, leading to an increase in existing sales with the lowest possible costs spent on this activity. Due to the requirements for the scope of the article, a very brief description of some parts of the business model is presented only.

Czech name

Practical applications of student business ideas (example of a concrete project)

Czech description

A trend of connecting theory with practice is evident in today´s education. Cooperation with students in the preparation of business projects creates an opportunity for practice-oriented teaching. The goal is to support the creative and innovative thinking of the young generation, which is so important in the current conditions of the global economy, digitalization, green economy and Industry 4.0. At the University of Finance and Administration in Prague, cooperation with students also includes involving them in analytical work at the companies where these students - self-payers - are employed. Teachers at VŠFS play the role of a mentor and a consultant in solving some specific and challenging problems. This article is also based on such collaboration. This article is focused on the project of the so-called "Ambassador Pharmacies" with special attention which is paid to cooperation among selected pharmacies and sales representatives of a pharmaceutical company. For the purpose of this article, the students' analytical work was concentrated in the area of updating part of the business model. The analyzed organization is a pharmaceutical company that has been operating in the Czech Republic for more than 10 years and employs more than 100 people. The project of „Ambassador Pharmacies“ is based on the idea of making products visible at the point of sale, i.e. at pharmacies, and increasing product recommendations by pharmacists, leading to an increase in existing sales with the lowest possible costs spent on this activity. Due to the requirements for the scope of the article, a very brief description of some parts of the business model is presented only.

Type

D - Article in proceedings

CEP classification

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OECD FORD branch

50200 - Economics and Business

Project

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Continuities

S - Specificky vyzkum na vysokych skolach

Publication year

2022

Confidentiality

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

Article name in the collection

Sborník příspěvků z konference Trendy v podnikání 2022

ISBN

9788026111290

ISSN

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e-ISSN

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Number of pages

10

Pages from-to

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Publisher name

Fakulta ekonomická Západočeské univerzity v Plzni

Place of publication

Plzeň

Event location

Fakulta ekonomická Západočeské univerzity v Plzn

Event date

Nov 10, 2022

Type of event by nationality

CST - Celostátní akce

UT code for WoS article

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