Transformation of Value in Innovative Business Models: The Case of Pharmaceutical Market

Abstract

Creating and developing innovative business models (BM) is currently one of the key success factors for contemporary business. Rapid complex changes in the world reemphasize the need to better understand how BM can be successfully innovated in different markets. The digital component of BM innovation comes under a special spotlight, using the example of a company within the pharmaceutical industry. In particular, this study demonstrates how BM innovation can be developed and implemented in practice within the pharmaceutical market, which accelerates its digital transformation to increase the value it brings to the healthcare systems around the world while sustaining the ongoing crisis. In order to do that, the current paper offers a framework for BM innovation that defines BM elements, BM innovation aspects, and BM innovation logic. The study covers six markets that represent different value creation systems and mechanisms. This paper demonstrates how technological innovations can be activated using managerial tools and insights and also how they can be combined into the holistic system based on the needs of the key value chain actors.

Agriculture conditions in the areas of Russia-Ukraine war Conflict

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Transformação Digital Em Modelos De Negócios: Uma Revisão Sistemática Da Literatura

“…Em relação às tecnologias digitais destaca-se os estudos de Klimanov et al (2021), onde o uso da inteligência artificial (IA) na indústria farmacêutica afeta os principais processos de negócio. Os autores enfatizam que os próximos anos poderão gerar um boom no desenvolvimento e aplicação de novas tecnologias como a inteligência artificial.…”

Determinants of e-pharmacy adoption and the mediating role of social influence among young users

“…In the contemporary healthcare landscape, adopting e-pharmacies has emerged as a significant and transformative development, signalling a substantial departure from the conventional brick-and-mortar pharmacy model (Klimanov et al, 2021). This transition is propelled by a multi-faceted interplay of factors, encompassing the increasing dependence on digital platforms, the rapid pace of technological progress and the ongoing evolution of consumer preferences (Pieriegud, 2019).…”