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

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  • Lopes, Miguel Vieira
  • Ross, R. Brent

Abstract

Over the past 20 years, U.S. agribusinesses have been subject to a number of significant structural changes. Given that the strategic management literature emphasizes an organization’s fit with its environment as an important determinant of performance, this study examines how strategic planning practices have changed over time. 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.

Suggested Citation

  • 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.
    • Handle: RePEc:ags:ifaamr:156464
    DOI: 10.22004/ag.econ.156464
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    References listed on IDEAS

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    1. Michael Boehlje, 1999. "Structural Changes in the Agricultural Industries: How Do We Measure, Analyze and Understand Them?," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 81(5), pages 1028-1041.
    2. Gregory A. Baker & Joel K. Leidecker, 2001. "Does it pay to plan?: Strategic planning and financial performance," Agribusiness, John Wiley & Sons, Ltd., vol. 17(3), pages 355-364.
    3. Noel Capon & John U. Farley & James M. Hulbert, 1994. "Strategic Planning And Financial Performance: More Evidence," Journal of Management Studies, Wiley Blackwell, vol. 31(1), pages 105-110, January.
    4. Sea-Jin Chang & Arjen van Witteloostuijn & Lorraine Eden, 2010. "From the Editors: Common method variance in international business research," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 41(2), pages 178-184, February.
    5. R. Brent Ross & Randall E. Westgren, 2009. "An Agent‐Based Model of Entrepreneurial Behavior in Agri‐Food Markets," Canadian Journal of Agricultural Economics/Revue canadienne d'agroeconomie, Canadian Agricultural Economics Society/Societe canadienne d'agroeconomie, vol. 57(4), pages 459-480, December.
    6. Lawrence C. Rhyne, 1987. "Contrasting Planning Systems In High, Medium And Low Performance Companies," Journal of Management Studies, Wiley Blackwell, vol. 24(4), pages 363-385, July.
    7. 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.
    8. 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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    Cited by:

    1. Mohamud Jama Ali & Elegwa Mukulu & John M. Kihoro & Joyce D. Nzulwa, 2016. "Moderating Effect of Firm Size on the Relationship between Functional Integration and 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. 6(9), pages 38-57, September.
    2. 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.

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