Empirical Study on the Rice Flour Business in Japan: Introducing Structural Equation Modeling (SEM) and Cognitive Mapping

Lily Kiminami, Shinichi Furuzawa and Akira Kiminami

Japanese Journal of Agricultural Economics (formerly Japanese Journal of Rural Economics), 2024, vol. 26

Abstract: The purpose of this study is to clarify the relationships among the business philosophy, business strategy and business outcome of rice flour-related corporations in Japan. Specifically, structural equation modeling (SEM) and cognitive map analysis are introduced to the results of a questionnaire survey. The following results are obtained from the empirical analysis. First, the management philosophy (Effective Altruism, and membership in the Rice Flour Association) of rice flour-related corporations influences their business strategies (potential head market, tail market, organizational learning and proposals from stakeholders) which induce innovation and determine business performance (current performance and future prospects for shared value creation). Secondly, the business performance reflects their expectations for the rice flour market, and influences the direction of market development. Therefore, a policy innovation that strengthens effective altruism and the creation of shared value through organizational learning of stakeholders in rice flour-related businesses is called for.

Keywords: Industrial; Organization (search for similar items in EconPapers)
Date: 2024
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://ageconsearch.umn.edu/record/348865/files/26_1.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ags:jpjjre:348865

DOI: 10.22004/ag.econ.348865

Access Statistics for this article

More articles in Japanese Journal of Agricultural Economics (formerly Japanese Journal of Rural Economics) from Agricultural Economics Society of Japan (AESJ) Contact information at EDIRC.
Bibliographic data for series maintained by AgEcon Search (aesearch@umn.edu).