IDEAS home Printed from https://ideas.repec.org/a/ags/ifaamr/117599.html
   My bibliography  Save this article

Approaches for Selecting Product Innovation Projects in U.S. Food and Agribusiness Companies

Author

Listed:
  • Roucan-Kane, Maud
  • Gray, Allan W.
  • Boehlje, Michael

Abstract

Although executives acknowledge the strong link between innovations and performance, they are still challenged by crossing the bridge from great ideas to revenue. The objective of this paper is to understand better the approaches used by the food and agricultural sector to select product innovation projects, and to draw a picture of an innovation portfolio of a food and agribusiness company. This paper adds to the management literature by studying a different sector, the U.S. agricultural sector and focusing on the implementation of theoretical models. The survey of about 100 companies, indicate that the food and agribusiness sector tends to use cross-functional teams and several selection methods when they select product innovation projects. This selection process yields to a diversified portfolio in terms of potential for return, time to market, and costs already incurred. However, companies tend to be biased towards in-house and low risk projects. Company and industry characteristics’ effects on the results are present but limited. It is important to note that this dissertation does not study the effect of these practices on performance, which is a necessary follow-up.

Suggested Citation

  • Roucan-Kane, Maud & Gray, Allan W. & Boehlje, Michael, 2011. "Approaches for Selecting Product Innovation Projects in U.S. Food and Agribusiness Companies," International Food and Agribusiness Management Review, International Food and Agribusiness Management Association, vol. 14(4), pages 1-18, November.
    • Handle: RePEc:ags:ifaamr:117599
    DOI: 10.22004/ag.econ.117599
    as

    Download full text from publisher

    File URL: https://ageconsearch.umn.edu/record/117599/files/20110006_Formatted.pdf
    Download Restriction: no
    File URL: https://libkey.io/10.22004/ag.econ.117599?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Subramanian, A. & Nilakanta, S., 1996. "Organizational innovativeness: Exploring the relationship between organizational determinants of innovation, types of innovations, and measures of organizational performance," Omega, Elsevier, vol. 24(6), pages 631-647, December.
    2. Allan Gray & Michael Boehlje & Vincent Amanor-Boadu & Joan Fulton, 2004. "Agricultural Innovation and New Ventures: Assessing the Commercial Potential," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 86(5), pages 1322-1329.
    3. van Moorsel, Daryl & Cranfield, John A.L. & Sparling, David, 2005. "Factors Affecting Biotechnology Innovation in Canada: Analysis of the 2001 Biotechnology Use and Development Survey," Working Papers 34121, University of Guelph, Department of Food, Agricultural and Resource Economics.
    4. Deepananda Herath & John Cranfield & Spencer Henson, 2010. "Understanding the financing of innovation and commercialization: the case of the Canadian functional food and nutraceutical sector," Applied Economics, Taylor & Francis Journals, vol. 42(21), pages 2667-2682.
    5. Boehlje, Michael & Roucan-Kane, Maud, 2009. "Strategic Decision Making Under Uncertainty: Innovation and New Technology Introduction during Volatile Times1," International Food and Agribusiness Management Review, International Food and Agribusiness Management Association, vol. 12(4), pages 1-21, November.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Marcello Stanco & Concetta Nazzaro & Marco Lerro & Giuseppe Marotta, 2020. "Sustainable Collective Innovation in the Agri-Food Value Chain: The Case of the “Aureo” Wheat Supply Chain," Sustainability, MDPI, vol. 12(14), pages 1-14, July.
    2. Antonino Galati & Giuseppina Migliore & Alkis Thrassou & Giorgio Schifani & Giuseppina Rizzo & Nino Adamashvili & Maria Crescimanno, 2023. "Consumers’ Willingness to Pay for Agri-Food Products Delivered with Electric Vehicles in the Short Supply Chains," FIIB Business Review, , vol. 12(2), pages 193-207, June.
    3. Ke Zheng & Yufeng Li & Chaodang Wu, 2022. "How Do the Chinese New Farmers’ Entrepreneurial Talents Drive the Business Model Innovation of Agricultural Business Organizations? Case Study Based on Grounded Research," Businesses, MDPI, vol. 2(1), pages 1-13, March.
    4. Eric T. Micheels & Andreas Boecker, 2017. "Competitive strategies among Ontario farms marketing direct to consumers," Agricultural and Food Economics, Springer;Italian Society of Agricultural Economics (SIDEA), vol. 5(1), pages 1-23, December.
    5. Roucan-Kane, Maud & Gramig, Benjamin M. & Widmar, Nicole J. Olynk & Ortega, David L. & Gray, Allan W., 2013. "U.S. Agribusiness Companies and Product Innovation: Insights from a Choice Experiment Conducted with Agribusiness Executives," International Food and Agribusiness Management Review, International Food and Agribusiness Management Association, vol. 16(4), pages 1-18, November.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Pant, Laxmi P., 2010. "Assessing Innovations in International Research and Development Practice," MERIT Working Papers 2010-043, United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT).
    2. Cevahir Uzkurt & Halil Semih Kimzan & Cengiz Yılmaz, 2016. "A Case Study of the Mediating Role of Innovation on the Relationship Between Environmental Uncertainty, Market Orientation, and Firm Performance," International Journal of Innovation and Technology Management (IJITM), World Scientific Publishing Co. Pte. Ltd., vol. 13(06), pages 1-21, December.
    3. Julia Naranjo-Valencia & Ricardo Vidal-Patiño & Gregorio Calderón-Hernández, 2019. "Characterization of Innovation Research Published in Latin American Journals Indexed in WoS," International Journal of Innovation and Technology Management (IJITM), World Scientific Publishing Co. Pte. Ltd., vol. 16(07), pages 1-38, November.
    4. Ye Dai & Gukdo Byun & Fangsheng Ding, 2019. "The Direct and Indirect Impact of Gender Diversity in New Venture Teams on Innovation Performance," Entrepreneurship Theory and Practice, , vol. 43(3), pages 505-528, May.
    5. Stanley Ibeku, 2018. "Organisational Learning, Innovation And Performance Of Technology Start-Ups In Lagos, Nigeria," International Journal of Innovation Management (ijim), World Scientific Publishing Co. Pte. Ltd., vol. 22(03), pages 1-15, April.
    6. Roucan-Kane, Maud & Alexander, Corinne E. & Boehlje, Michael & Downey, W. Scott & Gray, Allan W., 2011. "Large Commercial Producer Market Segments for Agricultural Capital Equipment," International Food and Agribusiness Management Review, International Food and Agribusiness Management Association, vol. 14(4), pages 1-18, November.
    7. Beatriz Moliner-Velázquez & María Fuentes-Blasco & Irene Gil-Saura, 2019. "Effects of value and innovation on brand equity in retailing," Journal of Brand Management, Palgrave Macmillan, vol. 26(6), pages 658-674, November.
    8. Terziovski, Milé & Guerrero, Jose-Luis, 2014. "ISO 9000 quality system certification and its impact on product and process innovation performance," International Journal of Production Economics, Elsevier, vol. 158(C), pages 197-207.
    9. Yang, Changhui & Zhang, Qiang & Ding, Shuai, 2015. "An evaluation method for innovation capability based on uncertain linguistic variables," Applied Mathematics and Computation, Elsevier, vol. 256(C), pages 160-174.
    10. Ramzi El-Haddadeh, 0. "Digital Innovation Dynamics Influence on Organisational Adoption: The Case of Cloud Computing Services," Information Systems Frontiers, Springer, vol. 0, pages 1-15.
    11. Wu, Chih-Wen & Botella-Carrubi, Dolores & Blanco-González-Tejero, Cristina, 2024. "The empirical study of digital marketing strategy and performance in small and medium-sized enterprises (SMEs)," Technological Forecasting and Social Change, Elsevier, vol. 200(C).
    12. Simpson, Penny M. & Siguaw, Judy A. & Enz, Cathy A., 2006. "Innovation orientation outcomes: The good and the bad," Journal of Business Research, Elsevier, vol. 59(10-11), pages 1133-1141, October.
    13. Thierry Burger-Helmchen, 2011. "Cycle d’innovation dans les services, différences technologiques et similarités organisationnelles dans les entreprises de mécanique françaises et allemandes," Working Papers of BETA 2011-12, Bureau d'Economie Théorique et Appliquée, UDS, Strasbourg.
    14. Mu-Jung Huang & Kuo-Chih Cheng & Shao-Hsi Chung & Huo-Ming Wang & Kuo-Hua Wang, 2021. "Budget Participation Capacity Configuration (BPCC), Budgeting Participation Requirement and Product Innovation Performance," Sustainability, MDPI, vol. 13(10), pages 1-12, May.
    15. Faiq Aziz & Nomahaza Mahadi & Wan Normeza Wan Zakaria & Nozama Mahadi, 2017. "The Impact of Open Innovation and Supply Chain Management Towards Firm Performance," International Journal of Academic Research in Business and Social Sciences, Human Resource Management Academic Research Society, International Journal of Academic Research in Business and Social Sciences, vol. 7(11), pages 338-344, November.
    16. Aurora A. C. Teixeira & Pedro Cosme Vieira & Ana Patrícia Abreu, 2017. "Sleeping Beauties and their princes in innovation studies," Scientometrics, Springer;Akadémiai Kiadó, vol. 110(2), pages 541-580, February.
    17. repec:dau:papers:123456789/5014 is not listed on IDEAS
    18. Pitić Goran & Vučković Aleksandar, 2021. "Organizational Factors of Innovativeness in Serbian Enterprises," Naše gospodarstvo/Our economy, Sciendo, vol. 67(2), pages 20-28, June.
    19. Boehlje, Michael & Broring, Stefanie & Roucan-Kane, Maud, 2009. "Innovation In The Food Agricultural Industries: Acomplex Adaptive System," Working papers 56389, Purdue University, Department of Agricultural Economics.
    20. Veland Ramadani & Hyrije Abazi-Alili & Léo-Paul Dana & Gadaf Rexhepi & Sadudin Ibraimi, 2017. "The impact of knowledge spillovers and innovation on firm-performance: findings from the Balkans countries," International Entrepreneurship and Management Journal, Springer, vol. 13(1), pages 299-325, March.
    21. Ruth Maria Stock & Nils Lennart Schnarr, 2016. "Exploring The Product Innovation Outcomes Of Corporate Culture And Executive Leadership," International Journal of Innovation Management (ijim), World Scientific Publishing Co. Pte. Ltd., vol. 20(01), pages 1-33, January.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ags:ifaamr:117599. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: AgEcon Search (email available below). General contact details of provider: https://edirc.repec.org/data/ifamaea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.