Why agribusiness managers differ across the sector

Examining these conclusions reveals five broader trends of strategic management: 1 innovative technology must be continually developed and adopted to secure long-range success; 2 corporate decisions must be made on the basis of social responsibility and business ethics in an environment of increasing uncertainty; 3 the values of ecological friendliness must be strengthened and delivered to alter the conditions and methods of competition; 4 the practices of sustainable development must be modified in response to changes in industry structure and boundaries; and 5 each organisation must be viewed as a unique collection of resources and relationships to be developed and innovated.

Chao-Chien Chen received his M. His research interest focuses on agriculture e-marketing, agriculture innovation, and information communication. Chao-Chien Chen can be reached via This email address is being protected from spambots. She gained her Ph. Her research interests focus on: educational psychology, learning technology, professional education, performance technology, and human-computer interaction. Professor Yueh can be reached via This email address is being protected from spambots.

He gained his Ph. Professor Liang can be reached via This email address is being protected from spambots. Strategic Management of Agribusiness: Determinants and Trends. Abstract Intense changes have arisen in global agriculture, yielding a new market reality that is more complex and competitive than before.

External environment Traditionally, strategic management models have identified the main elements of external environments as including: the general economy, the regulatory environment, customer markets, competition, suppliers, labourers, and technology Dess et al. METHOD Participants and procedures Because of the preliminary nature of the current study, a qualitative method was adopted for exploring the strategic management of Taiwanese agribusiness.

Data collection Semi-structured in-depth interviews were conducted from 5 May to 10 June as a flexible and responsive approach to determine the recent managerial practices of the study participants. Interview questions for the three dimensions of strategic management Dimension Interview Questions External environment What is the future development of agroindustry? Internal environment What are the goals and direction of your agribusiness?

Sustainable development What social responsibilities should an agribusiness carry? Data analysis The three authors of this study coded the interview transcripts independently to avoid influencing each other. RESULTS External environment Three themes related to the external environment emerged during the analysis process, namely agricultural development trends, agroindustry competition analysis, and social networks.

Social networks Agricultural production, processes, and distribution involve specific professions and complex networks, among which the supply chain is crucial, according to the participants. Internal environment Four themes related to the internal environment emerged during the analysis process, namely goal setting, production management, marketing management, and business administration. Goal setting Compared with traditional farmers, new-generation farmers, particularly agrientrepreneurs, stressed business philosophy more when discussing their managerial practices.

Marketing management Marketing has long been a weakness of Taiwanese agribusinesses, but new generations of agrientrepreneurs are focusing on the development of diverse marketing strategies to increase revenue. Sustainable development Three themes related to sustainable development emerged during the analysis process, namely ecological protection, social responsibility, and economic development. Ecological protection The participants indicated that ecological protection was the first step to sustainable development.

Economic development The participants all agreed that agribusiness is distinct from philanthropy and that making a reasonable profit and facilitating economic development are crucial for sustainable development. Figure 1. Strategic management of Taiwanese agribusiness External environment Although most of the aforementioned agribusiness strategies related to the external environment align with those reported in previous research, the results of our study revealed several noteworthy topics that warrant future inquiry.

Internal environment As with the findings related to the external environment, most of the findings on strategies related to the internal environment concurred with those of previous studies; however, we observed some notable results reflecting the specific context of Taiwanese agribusiness. Sustainable development The concept of sustainable development has spread across the world.

References Agricultural Statistics Yearbook Taipei: Council of Agriculture, Executive Yuan. Amanor-Boadu, V. International Food and Agribusiness Management Review , 12 3 , Baker, G. Does it pay to plan? Strategic planning and financial performance. Agribusiness , 17 3 , Critical success factors for managing quality in food processing firms. Agribusiness , 10 6 , Banerjee, M.

Beyond kappa: A review of interrater agreement measures. Canadian Journal of Statistics , 27 1 , Bhuyan, S. An empirical evaluation of factors determining vertical integration in U. Agribusiness , 21 3 , Boehlje, M. Farmers of the future: Market segmentation and buying behavior. Future agribusiness challenges: Strategic uncertainty, innovation and structural change.

International Food and Agribusiness Management Review , 14 5 , Bond, C. Understanding consumer interest in product and process-based attributes for fresh produce. Agribusiness , 24 2 , Braun, V. Using thematic analysis in psychology. Qualitative Research in Psychology , 3 2 , Capitanio, F. Product and process innovation in the Italian food industry. Agribusiness , 26 4 , Cohen, D. Qualitative research guidelines project. Product specification and agribusiness chain coordination: introducing the coordination differential concept.

Agribusiness , 25 1 , Dess, G. Strategic management: Creating competitive advantages 2 Ed. Dobson, W. Competitive strategies of US fluid milk processors: A case study. Agribusiness , 8 5 , Financial Times Wanted: Flexible corporate strategies for fast times. Gall, R. Agricultural producer cooperatives as strategic alliances.

International Food and Agribusiness Management Review , 9 4 , Ghemawat, P. Competition and business strategy in historical perspective.

Business History Review , 6 1 , Gellynck, X. Agribusiness , 31 1 , Giannakas, K. Strategic behavior and competition in dynamic industry: Greek processed meats. Agribusiness , 14 2 , Goldsmith, P. Strategic positioning under agricultural structural change: A critique of long jump cooperative ventures.

International Food and Agribusiness Management Review , 8 2 , Hanf, J. Branding and its consequences for German agribusiness. Agribusiness , 21 2 , RISE: A tool for improving sustainability in agriculture. Hansford, P. Sustainable agribusiness: Developing local solutions to global challenges in the regional agribusiness sector in Australia. International Food and Agribusiness Management Review , 5 4 , Harling, K. Strategic management of farm supply and grain elevator businesses.

Agribusiness , 4 4 , Business strategies as a market opens: A case study of Ontario wineries. Abstract References Cited by Full-text Abstract. Keywords: contract farming arrangements , plural governance , Malawi , transaction costs. New titles. Online ISSN: What is this? New agriculture business model in Taiwan. Product differentiation and brand building: a hedonic analysis of yogurt price in China.

New drone technology is at the cutting edge of the industry. These techniques, including soil and field analysis, planting, and crop monitoring, will be key to improving crop yields and moving the agribusiness sector forward. Key areas of concern for the use of drone technology remain the safety of drone operations, privacy issues, and insurance -coverage questions. Because agribusiness is a broad industry, it incorporates a wide range of different companies and operations.

Agribusinesses include small family farms and food producers up to multinational conglomerates involved in the production of food on a national scale.

Soft Commodities Trading. Emerging Markets. Company Profiles. Home Ownership. Your Privacy Rights. To change or withdraw your consent choices for Investopedia. At any time, you can update your settings through the "EU Privacy" link at the bottom of any page. These choices will be signaled globally to our partners and will not affect browsing data. We and our partners process data to: Actively scan device characteristics for identification. I Accept Show Purposes.

Your Money. Of these companies, 40 were from Colombia, 19 from the U. What is BBVA doing for the sustainability of life on land? Each year 13 million hectares over 50, square miles of forests are lost, and 22 percent of known species are in danger of extinction. As part of its commitment to preserve the environment and within the context of its Pledge , BBVA endorses Sustainable Development Goal 15 , which aims to promote the sustainable use of terrestrial ecosystems, combat desertification, reverse land degradation, and halt the loss of biodiversity.

Investment bank. Infographics: Pledge BBVA today announced its strategy around climate change and sustainable development, Pledge What are you looking for? Press Enter Predictive Search. Close panel Close panel Close panel.