IDEAS home Printed from https://ideas.repec.org/p/ags/ukysps/37869.html
   My bibliography  Save this paper

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
    as

    Download full text from publisher

    File URL: https://ageconsearch.umn.edu/record/37869/files/staff389.pdf
    Download Restriction: no
    File URL: https://libkey.io/10.22004/ag.econ.37869?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. 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(01), 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(01), 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.
    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. 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.

    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. McLaughlin, Edward W. & Rao, Vithala R., 1988. "The Strategic Role of Supermarket Buyer Intermediaries in New Product Selection: Implications for Systemwide Efficiency," Working Papers 115905, Regional Research Project NE-165 Private Strategies, Public Policies, and Food System Performance.
    2. Lyford, Conrad P. & Peterson, H. Christopher & Sterns, James A., 2002. "Industry Strategic Planning: Keeping Supply Chains Competitive," Journal of Food Distribution Research, Food Distribution Research Society, vol. 33(2), pages 1-13, July.
    3. Ruhangawebare, Godfrey Kalemera, 2010. "Factors Affecting The Level Of Commercialization Among Cattle Keepers In The Pastoral Areas Of Uganda," Research Theses 117797, Collaborative Masters Program in Agricultural and Applied Economics.
    4. Tom Clevenger, 1989. "A critique of the rapid market assessment of new products: A comment," Agribusiness, John Wiley & Sons, Ltd., vol. 5(1), pages 61-64.
    5. A.Allan Schmid, 2004. "The Spartan School Of Institutional Economics At Michigan State University," Research in the History of Economic Thought and Methodology, in: Wisconsin "Government and Business" and the History of Heterodox Economic Thought, pages 207-243, Emerald Group Publishing Limited.
    6. Negassa, Asfaw & Jayne, Thomas S., 1997. "The Response of Ethiopian Grain Markets to Liberalization," Food Security Collaborative Working Papers 55595, Michigan State University, Department of Agricultural, Food, and Resource Economics.
    7. Lazaric, Nathalie, 2011. "Organizational routines and cognition: an introduction to empirical and analytical contributions," Journal of Institutional Economics, Cambridge University Press, vol. 7(2), pages 147-156, June.
    8. Hall, Charles R. & Lyford, Conrad P., 2001. "Industry Strategic Planning And Coordination: The Case Of The Texas Vegetable Industry," Journal of Food Distribution Research, Food Distribution Research Society, vol. 32(2), pages 1-14, July.
    9. Daniela Grieco, 2007. "The entrepreneurial decision: Theories, determinants and constraints," KITeS Working Papers 200, KITeS, Centre for Knowledge, Internationalization and Technology Studies, Universita' Bocconi, Milano, Italy, revised May 2007.
    10. Bădin, Luiza & Daraio, Cinzia & Simar, Léopold, 2012. "How to measure the impact of environmental factors in a nonparametric production model," European Journal of Operational Research, Elsevier, vol. 223(3), pages 818-833.
    11. Indraneel Dasgupta, 2005. "Consistent firm choice and the theory of supply," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 26(1), pages 167-175, July.
    12. Boughton, Duncan & Staatz, John M. & Shaffer, James D., 1994. "Analyzing the Impact of Structural Adjustment on Commodity Subsectors: Currency Devaluation and the Maize Subsector in Mali," Staff Paper Series 201195, Michigan State University, Department of Agricultural, Food, and Resource Economics.
    13. Berg, Nathan, 2003. "Normative behavioral economics," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 32(4), pages 411-427, September.
    14. Erixon, Lennart, 2001. "Transformation Pressure and Growth - a Missing Link in Macroeconomics," Research Papers in Economics 2001:3, Stockholm University, Department of Economics.
    15. Jacques Pelkmans, 1980. "Economic Theories of Integration Revisited," Journal of Common Market Studies, Wiley Blackwell, vol. 18(4), pages 333-354, June.
    16. Nagarajan, Geetha & Meyer, Richard L., 1995. "Incorporating finance into a modified subsector framework: The fertilizer subsector in The Gambia," World Development, Elsevier, vol. 23(7), pages 1115-1127, July.
    17. Chilingerian, Jon A., 1995. "Evaluating physician efficiency in hospitals: A multivariate analysis of best practices," European Journal of Operational Research, Elsevier, vol. 80(3), pages 548-574, February.
    18. John Formby & James Keeler & Paul Thistle, 1988. "X-efficiency, rent-seeking and social costs," Public Choice, Springer, vol. 57(2), pages 115-126, May.
    19. Jacques-Laurent Ravix, 1997. "Fondements critiques pour une analyse de la dynamique industrielle : la méthode de Allyn Young," Revue Économique, Programme National Persée, vol. 48(4), pages 965-988.
    20. Sjoerd Beugelsdijk, 2010. "Entrepreneurial Culture, Regional Innovativeness and Economic Growth," Springer Books, in: Andreas Freytag & Roy Thurik (ed.), Entrepreneurship and Culture, chapter 0, pages 129-154, Springer.

    More about this item

    Keywords

    ;
    ;
    ;
    ;

    Statistics

    Access and download statistics

    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:ukysps:37869. 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/daukyus.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.