Revisiting the critical success factors of entrepreneurship to promote Chinese agriculture systems: A multi-criteria decision-making approach

Yongming Tao, Farhan Muhammad Muneeb, Peter Fernandes Wanke, Yong Tan and Amir Karbassi Yazdi

Socio-Economic Planning Sciences, 2024, vol. 94, issue C

Abstract: In recent times, as markets undergo rapid evolution, agriculture systems encounter multifaceted challenges and require vibrant critical success factors (CSFs) to enhance productivity, efficiency, and performance. This study aims to examine entrepreneurship-based CSFs and uncover how they impact on Chinese agriculture systems. We identified and prioritized 12 CSFs among a pool of 18 CSFs using the Delphi method. Drawing on a comprehensive review of the state-of-the-art literature and validated by expert opinions, we collected six Chinese-listed agriculture firms sample. Subsequently to analyze our data, we employed multi-criteria decision-making (MCDM), step-wise weight assessment ratio analysis (SWARA), and additive ratio assessment (ARAS), utilizing Lingo V.18 and MATLAB. Results suggest that entrepreneurial mindset (coefficient weight >0.97), farmer entrepreneurial awareness (coefficient weight >0.87), and entrepreneurial technology transfer (coefficient weight >0.84) are symbiotic and significantly impact the growth and development of Chinese agriculture system. Moreover, this study provides timely policy recommendations by unveiling the identified CSFs, offering new strategies poised to foster socio-economic growth and development in Chinese rural regions.

Keywords: Entrepreneurship; Multi-criteria decision-making; Step-wise weight assessment ratio analysis; Additive ratio assessment method; Chinese agriculture (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:eee:soceps:v:94:y:2024:i:c:s0038012124001502

DOI: 10.1016/j.seps.2024.101951

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