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Identification of key factors for enhancing competitiveness: an exploratory study of the selected agri-biotech firms of Punjab in India

Author

Listed:
  • Sandeep SINGH

    (School of Management Studies, Thapar University, Patiala, India)

  • Ravi KIRAN

    (School of Behavioral Sciences and Business Studies, Thapar University,, Patiala, India)

  • Dinesh GOYAL

    (Department of Biotechnology & Environmental Sciences Thapar University, Patiala, India)

Abstract

The present study covers empirical research on the selected Agri-Biotech firms of Punjab. The sample has been chosen from the state of Punjab covering the sectors Food Processing Industry, Fertilizer and Pesticides Industry. On the basis of factor analysis, the study has also identified key factors influencing competitiveness. These are Threat of new competition; Threat of substitute products or services; Bargaining power of suppliers; Intensity of competitive rivalry; Bargaining power of customers; Rivalry among existing firms. The study also tries to evaluate the findings on the basis of the author-factor matrix. The aim is to identify the key factors influencing competiveness. It analyses the difference in competitive factors on the basis of the nature of the industry and on the basis of scale of the firms. Then finally it tries to determine the key competitive factors influencing the market share. The results indicate that the Threat of new competition and Threat of substitutes/services emerge as the important predictors. Intensity of competitive rivalry; Preparedness for Competition; and Bargaining power of suppliers also emerge as significant predictors. These variables explain 79.6% of variation in the model.

Suggested Citation

  • Sandeep SINGH & Ravi KIRAN & Dinesh GOYAL, 2015. "Identification of key factors for enhancing competitiveness: an exploratory study of the selected agri-biotech firms of Punjab in India," Agricultural Economics, Czech Academy of Agricultural Sciences, vol. 61(4), pages 179-188.
    • Handle: RePEc:caa:jnlage:v:61:y:2015:i:4:id:26-2014-agricecon
    DOI: 10.17221/26/2014-AGRICECON
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    References listed on IDEAS

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    1. Lalitha, N., 2004. "Diffusion of agricultural biotechnology and intellectual property rights: emerging issues in India," Ecological Economics, Elsevier, vol. 49(2), pages 187-198, June.
    2. Christian Fischer & Sebastian Schornberg, 2007. "Assessing the competitiveness situation of EU food and drink manufacturing industries: An index-based approach," Agribusiness, John Wiley & Sons, Ltd., vol. 23(4), pages 473-495.
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    1. Nadezda JANKELOVA & Zuzana JONIAKOVA & Jana BLSTAKOVA & Ildiko NEMETHOVA, 2017. "Readiness of human resource departments of agricultural enterprises for implementation of the new roles of human resource professionals," Agricultural Economics, Czech Academy of Agricultural Sciences, vol. 63(10), pages 461-470.
    2. Michal JIRASEK, 2017. "The influence of national culture on changes in R&D expenses among agrochemical firms," Agricultural Economics, Czech Academy of Agricultural Sciences, vol. 63(11), pages 524-530.

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