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Future Agribusiness Challenges: Strategic Uncertainty, Innovation and Structural Change

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  • Boehlje, Michael
  • Roucan-Kane, Maud
  • Broring, Stefanie

Abstract

The global food and agribusiness industry is in the midst of major changes, and the pace of change seems to be increasing. These changes suggest three fundamental critical future issues for the sector: 1) decisions must be made in an environment of increasing risk and uncertainty, 2) developing and adopting technology and new innovations is critical to long-term financial suc-cess, and 3) responding to changes in industry structure and the competitor landscape and indus-try boundaries is essential to maintain market position. The focus of this paper is the synopsis and application of conceptual/theoretical frameworks that can be used in managerial decision making and analyzing the implications and consequences of strategic uncertainty, innovation and changing industry structure.

Suggested Citation

  • Boehlje, Michael & Roucan-Kane, Maud & Broring, Stefanie, 2011. "Future Agribusiness Challenges: Strategic Uncertainty, Innovation and Structural Change," International Food and Agribusiness Management Review, International Food and Agribusiness Management Association, vol. 14(5), pages 1-29, December.
    • Handle: RePEc:ags:ifaamr:119971
    DOI: 10.22004/ag.econ.119971
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    2. Tamini, Lota Dabio, 2012. "Optimal quality choice under uncertainty on market development," Working Papers 148589, Structure and Performance of Agriculture and Agri-products Industry (SPAA).
    3. Noel, Jay E. & Qenani, Eivis, 2012. "New Age, New Learners, New Skills: What Skills Do Graduates Need to Succeed in the New Economy?," 2012 Annual Meeting, August 12-14, 2012, Seattle, Washington 123948, Agricultural and Applied Economics Association.
    4. Dries, Liesbeth & Pascucci, Stefano & Török, Áron & Tóth, József, 2014. "Keeping Your Secrets Public? Open Versus Closed Innovation Processes in the Hungarian Wine Sector," International Food and Agribusiness Management Review, International Food and Agribusiness Management Association, vol. 17(1), pages 1-16, February.
    5. Noel, Jay & Qenani, Eivis, 2013. "New Age, New Learners, New Skills: What Skills Do Agribusiness Graduates Need to Succeed in the Knowledge Economy?," International Food and Agribusiness Management Review, International Food and Agribusiness Management Association, vol. 16(3), pages 1-20, September.
    6. Magdalena Kozera-Kowalska, 2020. "Intellectual Capital: ISVA, the Alternative Way of Calculating Creating Value in Agricultural Entities—Case of Poland," Sustainability, MDPI, vol. 12(7), pages 1-19, March.
    7. Höhler, Julia & Kühl, Rainer, 2016. "Do Growth Rates Depend on the Initial Firm Size? Evidence for the German Agribusiness," German Journal of Agricultural Economics, Humboldt-Universitaet zu Berlin, Department for Agricultural Economics, vol. 65(04), December.
    8. Connolly, Aidan J. & Sodre, Luiz R. & Phillips-Connolly, Kate, 2016. "GLIMPSE 2.0: A framework to feed the world," International Food and Agribusiness Management Review, International Food and Agribusiness Management Association, vol. 19(4), October.
    9. Carlos J.O. Trejo-Pech & Richard N. Weldon & Michael A. Gunderson, 2016. "Earnings Management through Specific Accruals and Discretionary Expenses: Evidence from U.S. Agribusiness Firms," Canadian Journal of Agricultural Economics/Revue canadienne d'agroeconomie, Canadian Agricultural Economics Society/Societe canadienne d'agroeconomie, vol. 64(1), pages 89-118, March.
    10. Carraresi, Laura & Banterle, Alessandro, 2015. "Agri-food Competitive Performance in EU Countries: A Fifteen-Year Retrospective," International Food and Agribusiness Management Review, International Food and Agribusiness Management Association, vol. 18(2), pages 1-26, May.
    11. Höhler, Julia & Kuhl, Rainer, 2014. "Corporations in an evolving competitive environment - evidence for the German agribusiness," 2014 International Congress, August 26-29, 2014, Ljubljana, Slovenia 182689, European Association of Agricultural Economists.
    12. Kankam-Kwarteng, Collins & Osman, Barbara & Acheampong, Stephen, 2020. "Performance of restaurants: Recognizing competitive intensity and differentiation strategies," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 6(3), pages 25-34.
    13. Joe Parcell & Yasutomo Kojima & Alice Roach & Wayne Cain, 2018. "Global Edible Vegetable Oil Market Trends," Biomedical Journal of Scientific & Technical Research, Biomedical Research Network+, LLC, vol. 2(1), pages 2282-2291, January.
    14. Cucagna, Maria Emilia & Goldsmith, Peter D., 2018. "Value Adding in the Agri-Food Value Chain," International Food and Agribusiness Management Review, International Food and Agribusiness Management Association, vol. 21(3), February.
    15. Chao-Chien Chen & Hsiu-Ping Yueh & Chaoyun Liang, 2016. "Strategic Management of Agribusiness: Determinants and Trends," Journal of Entrepreneurship, Management and Innovation, Fundacja Upowszechniająca Wiedzę i Naukę "Cognitione", vol. 12(4), pages 69-97.
    16. Lopes, Miguel Vieira & Ross, R. Brent, 2013. "A Comparative Analysis of Strategic Planning Practices in Michigan Agribusiness Firms: 1992 vs. 2012," International Food and Agribusiness Management Review, International Food and Agribusiness Management Association, vol. 16(3), pages 1-30, September.
    17. Blažková, I., 2016. "Convergence of Market Concentration: Evidence from Czech Food Processing Sectors," AGRIS on-line Papers in Economics and Informatics, Czech University of Life Sciences Prague, Faculty of Economics and Management, vol. 8(4), pages 1-12, December.
    18. Dominic, Theresia & Theuvsen, Ludwig, 2015. "The Impact of External and Internal Factors on Strategic Management Practices of Agribusiness Firms in Tanzania," GlobalFood Discussion Papers 197072, Georg-August-Universitaet Goettingen, GlobalFood, Department of Agricultural Economics and Rural Development.
    19. Bornkessel, Sabine & Broering, Stefanie & Omta, S.W.F. (Onno), 2016. "Cross-industry Collaborations in the Convergence Area of Functional Foods," International Food and Agribusiness Management Review, International Food and Agribusiness Management Association, vol. 19(2), pages 1-24, May.
    20. Turyahikayo, W. & Matsiko, F.B. & Okiror, J.J. & Obaa, B.B. & Hanf, J.H., 2018. "The Perceived Role Of Innovation Platforms In Addressing The Agricultural Value Chain Collective Problems: An Empirical Application Of Transaction Cost Theory," International Journal of Agricultural Research, Innovation and Technology (IJARIT), IJARIT Research Foundation, vol. 8(2), December.
    21. Dominic, Theresia & Theuvsen, Ludwig, 2015. "Agribusiness Firm Resources and Performance: The Mediating Role of Strategic Management Practices," GlobalFood Discussion Papers 200324, Georg-August-Universitaet Goettingen, GlobalFood, Department of Agricultural Economics and Rural Development.
    22. Trejo-Pech, Carlos O. & Gunderson, Michael A. & Baker, Timothy G. & Gray, Allan W. & Boehlje, Michael D., 2015. "Assessing Cash Holdings in Agribusiness," International Food and Agribusiness Management Review, International Food and Agribusiness Management Association, vol. 18(4), pages 1-20, November.
    23. Kankam-Kwarteng, Collins & Osman, Barbara & Acheampong, Stephen, 2020. "Performance of restaurants: Recognizing competitive intensity and differentiation strategies," MPRA Paper 103781, University Library of Munich, Germany.
    24. Hauschildt, Verena & Schulze-Ehlers, Birgit, 2014. "An Empirical Investigation into the Adoption of Green Procurement Practices in the German Food Service Industry," International Food and Agribusiness Management Review, International Food and Agribusiness Management Association, vol. 17(3), pages 1-32, September.

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