Sustainable business model strategy for resilience among pisciculture firms in Thailand
Issued Date
2024-01-01
Resource Type
ISSN
14735903
eISSN
1747762X
Scopus ID
2-s2.0-85184720488
Journal Title
International Journal of Agricultural Sustainability
Volume
22
Issue
1
Rights Holder(s)
SCOPUS
Bibliographic Citation
International Journal of Agricultural Sustainability Vol.22 No.1 (2024)
Suggested Citation
Rajchamaha K., Pornparnomchai M., Vorrakkatham K., Pichyangkul C., Otakanon B., Raungpaka P., Bunkaewsuk P., Wajarothai W., Boonlertvanit T., Saengpradab A. Sustainable business model strategy for resilience among pisciculture firms in Thailand. International Journal of Agricultural Sustainability Vol.22 No.1 (2024). doi:10.1080/14735903.2024.2303894 Retrieved from: https://repository.li.mahidol.ac.th/handle/20.500.14594/97264
Title
Sustainable business model strategy for resilience among pisciculture firms in Thailand
Corresponding Author(s)
Other Contributor(s)
Abstract
This study investigated the pisciculture sector of start-ups in Thailand to determine factors of the novelty farming resilience model that promote the adoption of a sustainable business model strategy through innovation approach to improve the sector. Employing a qualitative research method, primary data were collected from 109 respondents, including start-ups, customers, regulators, and experts. Furthermore, secondary data were gathered from relevant sources. Through thematic and direct content analysis, this study identified the novelty of business model strategy that has been applied effectively to a relationship between start-ups’ awareness and their adoption of incremental innovations. This reveals that start-ups are most likely to adopt technology if they understand its contribution to farming. Moreover, they are likely to cooperate with stakeholders promoting said technology if they recognize its influence on farming. We also identified challenges in adopting a sustainable business model in the Thai pisciculture sector. The current study highlights strategies that support new knowledge sharing, help start-ups realize new ways to create innovations, and promote sustainable businesses.