Designing the Business Model of Herbal Pharmaceutical Knowledge based Companies
Journal Title: UNKNOWN - Year 2017, Vol 5, Issue 2
Abstract
Today, research has indicated Knowledge based companies as a potential area in promoting knowledge economy, and due to the substantial added-value they make in the knowledge economy of the countries, these companies play a pivotal role in producing national income. Considering the novelty of the field of designing business models for herbal pharmaceutical Knowledge based companies and the importance of these companies among Knowledge based companies on the one hand, and the lack of academic research on exploring these companies on the other hand, the need for a comprehensive business model to help understand the components of herbal pharmaceutical Knowledge based companies seems urgent. This study aimed at identifying and prioritizing the components of business models and also structuring a business model of herbal pharmaceutical Knowledge based companies around these components. The Friedman test was used to prioritize the importance of the components of Knowledge based companies' business models. The statements of the present study's questionnaire were collected from the literature and the experts' opinions, too. Out of the 130 distributed questionnaires, 119 were collected which were analyzed by employing the Cochran test of the SPSS Statistics software. The components of key activities with the mean ranking of 6.76, cost structure with 6.09, and key resources with 6.06 were the most important components and customer relationships with 5.67, value propositions with 5.45, key partnerships with 4.10, distribution channels with 4.04, customer segment with 3.60, and revenue streams with 3.24 were the least important ones.
Authors and Affiliations
Mohammad Asadnezhad, Seyed reza Hejazi, Morteza Akbari, Elham Hadizadeh
Keywords
Related Articles
- EP ID EP323882
- DOI -
- Views 68
- Downloads 0
The Multiple Perception of Innovation: The Case of Micro and Small Enterprises in the Region of Eastern Macedonia and Thrace
This paper explores how innovation is perceived, on the one hand, by the scientific literature and, on the other, by the everyday practice of small and micro enterprises operating in the less developed socioeconomic syst...
Determinants of Halal Cosmetics Purchase Intention on Indonesian Female Muslim Customer
The purpose of this research was to analyze partially the influence of attitude, subjective norm, perceived behavioral control, and knowledge towards customer purchase intention. Data were collected through a questionnai...
Strategic Analysis of SMEs' Early Internationalisation Process
Purpose- This study focuses on the main driving factors influencing the path (i.e. the decision-making process) of SMEs to internationalise and explains reasons for choosing different entry modes as strategy. The paper a...
Privatization effects on Zakat and dividend: Empirical evidence from Malaysia and Jordan
There is a growing consensus in the literature that privatization program has positive impact to the country’s productivity and competitiveness. At micro level, empirical analyses both in Malaysian and Jordan have shown...
Contextualizing sustainable competitive advantage: A perspective of social entrepreneurship
This study aimed in contextualizing competitive advantage for social entrepreneurship from different perspective. Having defined social entrepreneurship as ways to have better solution in dealing with social issue, enter...