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Strategic Planning Approaches and Concepts: Potentials for Improving Commodity Subsector Performance

Author

Listed:
  • Woods, Timothy A.
  • Sterns, James A.
  • Ricks, Donald J.
  • Bitsky, Randy

Abstract

Subsector, or industry strategic planning is a potentially useful tool that can be designed to enhance the overall performance and competitiveness of a commodity industry across the industry's inter-dependent vertical segments. Industry strategic planning provides a framework for industry stakeholders to consider future strategic directions and to facilitate needed adjustments and progress on certain issues of common interest. Industry strategic planning is particularly well suited for facilitating efforts by regional and national commodity industries to enhance their competitiveness in today's business setting, including global markets -- a major objective of industries throughout the world. The paper discusses possible relationships between strategic management objectives and the desirability of subsector coordination and performance. It concludes by presenting ten planning components modified to fit the context of a commodity subsector that need to be considered by those involved in the strategic planning process.

Suggested Citation

  • Woods, Timothy A. & Sterns, James A. & Ricks, Donald J. & Bitsky, Randy, 1998. "Strategic Planning Approaches and Concepts: Potentials for Improving Commodity Subsector Performance," Staff Papers 37869, University of Kentucky, Department of Agricultural Economics.
    • Handle: RePEc:ags:ukysps:37869
    DOI: 10.22004/ag.econ.37869
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    References listed on IDEAS

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    1. James Duncan Shaffer, 1973. "On the Concept of Subsector Studies," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 55(2), pages 333-335.
    2. Ricks, Donald J. & Woods, Timothy A., 1995. "Apple Industry Strategic Planning And Integration With University Research," Journal of Food Distribution Research, Food Distribution Research Society, vol. 26(1), pages 1-6, February.
    3. Leibenstein, Harvey, 1979. "A Branch of Economics is Missing: Micro-Micro Theory," Journal of Economic Literature, American Economic Association, vol. 17(2), pages 477-502, June.
    4. Ricks, Donald J. & Woods, Timothy A., 1996. "Strategic Planning For Improved Competitiveness By Regional Commodity Industries," Journal of Food Distribution Research, Food Distribution Research Society, vol. 27(1), pages 1-13, February.
    5. James D. Shaffer, 1980. "Food System Organization and Performance: Toward a Conceptual Framework," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 62(2), pages 310-318.
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    Cited by:

    1. Maryam Ayoubi & Ehsan Mehrabanfar & Audrius Banaitis, 2018. "Guidelines on Designing Conceptual Framework for Strategic Management with Application to the Energy Industry," Administrative Sciences, MDPI, vol. 8(3), pages 1-13, June.

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