Identification of Strategic Alternatives in Agribusiness

Natalia Bannikova, Andrei Baydakov and Svetlana Vaytsekhovskaya

Modern Applied Science, 2015, vol. 9, issue 4, 344

Abstract: The article deals with the problems of strategic management using the methods of multidimensional statistical analysis. In agribusiness, the gap may occur in the use of modern management tools; therefore, the strategies used by agricultural producers are not always formalized. To study the latent strategies as the models of economic behavior, the technique of identification of strategic alternatives was developed based on the system use of the cluster analysis, trend analysis, and the method of canonical correlations. The proposed technique allowed identifying four latent strategies used by Russian agricultural producers in the production of grain. A detailed study of the parameters of economic activity of the two model enterprises representing the strategies of costs minimizing and intensification allowed to draw comparative conclusions concerning the influence of the nature of spending on the outcomes, dynamics, and stability of the production and its effectiveness.

Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:ibn:masjnl:v:9:y:2014:i:4:p:344

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