Abstract:
This research aims to (1) analyze the value chain management of Farmsuk Thai Flower Co., Ltd. and (2) explore the key success factors contributing to its business operations.
The study employs a qualitative research approach, incorporating an extensive review of relevant literature and Semi-structured Interview with key stakeholders.
The data collection process involved purposive sampling of 12 key informants, including two close business partners of the company, the business owner, four operational employees, and five customers.
The research findings indicate that the F.L.O.W. Concept is a key factor in enhancing the competitive advantage and sustainability of Farmsuk Thai Flower. This concept comprises four core elements Fresh, Local, Organic, and Well-being. This concept impacts product quality, operational efficiency, and value creation within the Thai floriculture industry. In terms of F (Fresh), the adoption of cultivation techniques that preserve flower quality, harvesting at the optimal time, and implementing effective post-harvest handling processes contribute to Farmsuk Thai Flower having a longer lifespan compared to other businesses in the industry. In terms of L (Local) Support, establishing networks with local farmers and utilizing domestic resources play a crucial role in reducing production costs, stimulating the local economy, and enhancing the identity of Thai flowers on a global scale. In terms of O (Organic) Sustainability, the application of organic farming practices and sustainable technologies, such as the use of biofertilizers and efficient waste management, helps
minimize environmental impact while simultaneously ensuring consumer confidence in product safety. In terms of W (Well-being), the development of flower-based products, such as floral teas and aromatherapy items, aligns with consumer trends that prioritize health and quality of life. Additionally, these innovations enhance product value and expand market reach to new target segments.