D 2022

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

PAVLÁK, Miroslav and Eva KOSTIKOV

Basic information

Original name

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

Name in Czech

Praktické aplikace studentských podnikatelských nápadů (příklad konkrétního projektu)

Name (in English)

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

Authors

PAVLÁK, Miroslav and Eva KOSTIKOV

Edition

1. vyd. Plzeň, Sborník příspěvků z konference Trendy v podnikání 2022, p. nestrankovano, 10 pp. 2022

Publisher

Fakulta ekonomická Západočeské univerzity v Plzni

Other information

Language

Czech

Type of outcome

Proceedings paper

Country of publisher

Czech Republic

Confidentiality degree

is not subject to a state or trade secret

Publication form

electronic version available online

References:

Organization

Vysoká škola finanční a správní, a.s. – Repository

ISBN

978-80-261-1129-0

Keywords (in Czech)

Spolupráce se studenty, Business Model, Projekt Ambassador Pharmacies

Keywords in English

Cooperation with students; Business Model; Project of Ambassador Pharmacies
Changed: 12/3/2024 03:41, RNDr. Patrik Mottl, Ph.D.

Abstract

V originále

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.

In English

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.

Files attached