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A Comparative Analysis of Strategic Management Practices in Michigan Agribusiness Firms: 1992 vs. 2012

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  • Lopes, Miguel Vieira
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    Abstract

    Over the past 20 years the agribusiness industry has been subject to a number of transformations and shocks that have altered its business environment and management practices. This thesis sets out to try to understand how the Michigan industry has changed in this period, and to understand if strategic management practices and performance are correlated. Data for this study was collected from Michigan agribusinesses at two time periods, 1992 and 2012. A comparative analysis indicates that Michigan agribusinesses have become larger, more diverse, and have increased their adoption of strategic planning activities. Furthermore, these practices were found to be positively correlated with performance.

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    File URL: http://purl.umn.edu/142014
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    Bibliographic Info

    Paper provided by Michigan State University, Department of Agricultural, Food, and Resource Economics in its series Graduate Research Masters Degree Plan B Papers with number 142014.

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    Date of creation: 2012
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    Handle: RePEc:ags:midagr:142014

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    Postal: Justin S. Morrill Hall of Agriculture, 446 West Circle Dr., Rm 202, East Lansing, MI 48824-1039
    Phone: (517) 355-4563
    Fax: (517) 432-1800
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    Web page: http://www.aec.msu.edu/agecon/
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    Related research

    Keywords: Strategic Planning; Management Practices; Firm Performance; Agribusiness; Comparative Analysis; Agribusiness; Crop Production/Industries; Industrial Organization; Livestock Production/Industries; Marketing;

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    1. Duerksen, Gregory J., 2012. "Winning the War for Talent," International Food and Agribusiness Management Review, International Food and Agribusiness Management Association (IAMA), vol. 15(A).
    2. Martin Mueller & Virginia dos Santos & Stefan Seuring, 2009. "The Contribution of Environmental and Social Standards Towards Ensuring Legitimacy in Supply Chain Governance," Journal of Business Ethics, Springer, vol. 89(4), pages 509-523, November.
    3. David A Griffith & Matthew B Myers, 2005. "The performance implications of strategic fit of relational norm governance strategies in global supply chain relationships," Journal of International Business Studies, Palgrave Macmillan, vol. 36(3), pages 254-269, May.
    4. Peterson, H. Christopher & Wysocki, Allen F., 1998. "Strategic Choice Along The Vertical Coordination Continuum," Staff Papers 11651, Michigan State University, Department of Agricultural, Food, and Resource Economics.
    5. Thune, Stanley S. & House, Robert J., 1970. "Where long-range planning pays off Findings of a survey of formal, informal planners," Business Horizons, Elsevier, vol. 13(4), pages 81-87, August.
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