Strategic Management of Agribusiness: Determinants and Trends

Intense changes have arisen in global agriculture, yielding a new market reality that is more complex and competitive than before. To confront these changes, a renewed perspective on the practice of agribusiness management is necessary. However, studies in this critical line of research are scant. This study updated the outlook on the strategic management of agribusiness in Taiwan by conducting in-depth interviews with 10 expert agrientrepreneurs. The results indicated that agribusiness strategies can be categorised as targeting one of three dimensions: the external environment, the internal environment, and sustainable development. This paper discusses each dimension in detail and suggests five broader trends of strategic management.

[1]  D. Arnold,et al.  Business strategy and policy , 1985 .

[2]  R. Westgren,et al.  Strategic management and planning , 1986 .

[3]  R. Rogers,et al.  Strategic management and the internal organization of food marketing firms , 1988 .

[4]  S. Sonka,et al.  Strategic issue identification among agribusiness firms , 1988 .

[5]  K. Harling.  Strategic management of farm supply and grain elevator businesses , 1988 .

[6]  James M. Higgins,et al.  Strategic Management: Text and Cases , 1989 .

[7]  W. Dobson.  Competitive strategies of US fluid milk processors: A case study , 1992 .

[8]  K. Harling.  Business strategies as a market opens: A case study of Ontario wineries , 1994 .

[9]  S. A. Starbird,et al.  Critical success factors for managing quality in food processing firms , 1994 .

[10]  ANALYZING AGRIBUSINESS COMPETITIVENESS: THE CASE OF THE UNITED STATES SUGAR INDUSTRY , 1998 .

[11]  K. Giannakas,et al.  Strategic behavior and competition in dynamic industry: Greek processed meats , 1998 .

[12]  M. Banerjee,et al.  Beyond kappa: A review of interrater agreement measures , 1999 .

[13]  P. Ghemawat.  Competition and Business Strategy in Historical Perspective , 2000, Business History Review.

[14]  P. Goldsmith,et al.  Strategic positioning under agricultural structural change: A critique of long jump co-operative ventures , 2000 .

[15]  Joel K. Leidecker,et al.  Does it pay to plan?: Strategic planning and financial performance , 2001 .

[16]  D. Zilberman,et al.  Incorporating family interactions and socioeconomic variables into family production functions: The case of demand for meats , 2001 .

[17]  J. L. Hsu,et al.  Competitiveness and consumer preferences of U.S. fruits in Taiwan , 2004 .

[18]  Gregory G. Dess.  Strategic Management: Creating Competitive Advantages , 2002 .

[19]  R. Lawrence,et al.  How sustainable agriculture can address the environmental and human health harms of industrial agriculture. , 2002, Environmental health perspectives.

[20]  Sustainable agribusiness: developing local solutions to global challenges in the regional agribusiness sector in Australia , 2003 .

[21]  Isabelle Szmigin.  Understanding the Consumer , 2003 .

[22]  C. Cardillo,et al.  PRODUCT INNOVATION AND IMPERFECT COMPETITION IN THE ITALIAN FRUIT-DRINK INDUSTRY , 2003 .

[23]  Marian Garcia Martinez,et al.  Analysing Linkages between Strategy, Performance, Management Structure and Culture in the Spanish Fresh Produce Industry , 2004 .

[24]  J. Hanf,et al.  Branding and its consequences for German agribusiness , 2005 .

[25]  Jason R. Henderson,et al.  Adoption of Internet Strategies by Agribusiness Firms , 2005 .

[26]  M. Boehlje,et al.  Farmers of the Future: Market Segmentation and Buying Behavior , 2005 .

[27]  S. Bhuyan.  An empirical evaluation of factors determining vertical integration in U.S. food manufacturing industries , 2005 .

[28]  Jason R. Henderson,et al.  Adoption of Internet Strategies by Agribusiness Firms 1 , 2005 .

[29]  H. Herren,et al.  Farm Sustainability Assessment using the IDEA Method. From the concept of farm sustainability to case studies on French farms , 2006 .

[30]  V. Braun,et al.  Using thematic analysis in psychology , 2006 .

[31]  Bill Schroder,et al.  Agricultural Producer Cooperatives as Strategic Alliances , 2006 .

[32]  D. Hambrick,et al.  What is strategic management, really? Inductive derivation of a consensus definition of the field , 2007 .

[33]  P. Thompson.  Agricultural sustainability: what it is and what it is not , 2007 .

[34]  R. Widdows,et al.  An Evaluation of Customer Relationship Management (CRM) Practices among Agribusiness Firms , 2007 .

[35]  Julie C. Sedivy,et al.  Editors' Preface , 2007, J. Semant..

[36]  George M. Chryssochoidis,et al.  Greek wine firms: determinants of export performance , 2008 .

[37]  E. Micheels,et al.  Market Orientation, Innovation and Entrepreneurship: An Empirical Examination of the Illinois Beef Industry , 2008 .

[38]  A. Spiller,et al.  Customer Satisfaction in Farmer-to-consumer Direct Marketing , 2008 .

[39]  Gerard McElwee.  A taxonomy of entrepreneurial farmers , 2008 .

[40]  C. Bond,et al.  Understanding consumer interest in product and process‐based attributes for fresh produce , 2008 .

[41]  E. Micheels,et al.  International Food and Agribusiness Management Review , 2008 .

[42]  A. Biere,et al.  Entrepreneurial Supply Chains and Strategic Collaboration: The Case of Bagòss Cheese in Bagolino, Italy , 2009 .

[43]  Sandra K. Martin,et al.  Product specification and agribusiness chain coordination: introducing the coordination differential concept , 2009 .

[44]  A. Coppola,et al.  Product and Process Innovation in the Italian Food Industry , 2010 .

[45]  C. Negro,et al.  The role of collaborative partnerships in industry innovation: lessons from New Zealand's dairy sector , 2010 .

[46]  M. Boehlje,et al.  Future Agribusiness Challenges: Strategic Uncertainty, Innovation and Structural Change , 2011 .

[47]  Matthew Hoffman,et al.  Innovation, Cooperation, and the Perceived Benefits and Costs of Sustainable Agriculture Practices , 2011 .

[48]  M. Boehlje,et al.  Sustainability Strategies in U.S. Agribusiness: Understanding Key Drivers, Objectives, and Actions , 2011 .

[49]  Sandra K. Martin,et al.  Factors Affecting the Performance of Farmer Companies in Sri Lanka: Lessons for Farmer‐Owned Marketing Firms , 2012 .

[50]  Andy Yee.  For the Internet Age, Taiwan’s ICT Industry Needs a New Model , 2013 .

[51]  F. Karakaya,et al.  Underlying Motivations of Organic Food Purchase Intentions , 2014 .

[52]  R. Kemp,et al.  Key Success Factors of Innovation Projects of Vegetable Breeding Companies in China , 2014 .

[53]  W. Verbeke,et al.  Association between Innovative Entrepreneurial Orientation, Absorptive Capacity, and Farm Business Performance , 2015 .

[54]  V. Pandey,et al.  Sustainability and Strategy in U.S. Agri-Food Firms: An Assessment of Current Practices , 2015 .