Agro-biotechnological innovation: evaluating decision making drivers in SMEs

Alessandro Basile

International Journal of Management and Decision Making, 2012, vol. 12, issue 1, 21-35

Abstract: This paper investigates the decision-making process regarding the choice of using biotechnologies in agricultural SMEs as well as the implications about business management. Moving from the benchmark and trade-off of two types of production process (conventional and biotech), the topic will be discussed by using a business analysis perspective. In addition, an application based on the mathematical model of Kuhn-Tucker multipliers is presented. Empirical results, discourage the introduction of biotech productions, mainly because of size and governance mechanisms of the SMEs.

Keywords: agro-biotechnologies; decision making; management decisions; firm performance; business opportunities; biotechnology; agriculture; agricultural SMEs; small and medium-sized enterprises; biotech; mathematical modelling; Kuhn-Tucker multipliers. (search for similar items in EconPapers)
Date: 2012
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