IDEAS home Printed from https://ideas.repec.org/a/vrs/poicbe/v17y2023i1p1240-1250n7.html
   My bibliography  Save this article

Digitally Enabled Decission Making in Big Crop Farms: Inspiration for a Balanced Decision Making Metaphorical Model

Author

Listed:
  • Markovits Paul Stefan

    (National University of Political and Administrative Studies, Faculty of Management (SNSPA), Bucharest, Romania)

Abstract

This paper analysis decision making support systems in the big crops farms and proposes a metaphoric model to illustrate the interdependence of resources usage. The proposed metaphoric model is drawn considering that six types of resources (time, financial, people, knowledge, technology, relational capital) are spent to achieve an objective and puts forward a graphical representation, a hexagonal pyramid to illustrate the interdependence among these six types of resources (the polygon of resources) and the quality of the financial outcome (the height of the pyramid). Examples of digital decision support systems used in big crop farms were used to explain the model’s functioning. A particularity of the model consists in the adding of a second mirrored pyramid (resting on the same base) with its height representing the assessment of the environmental impact as a proxy for ESG results. Consequently, the evolved model proposed by the paper, dubbed as The Value Creation Diamond, provides a good springboard in visualizing and assessing the balance between the scaled heights of the two adjoined pyramids (Financial height vs ESG height). The model is deemed to be a useful tool for practitioners as well as educators in their quest to facilitate the wider use of balanced decision-making model considering the resources and outputs in the realm of sustainable development. Further research will be instrumental to validate the possibility to use this model for other types of farms, firms and organizations.

Suggested Citation

  • Markovits Paul Stefan, 2023. "Digitally Enabled Decission Making in Big Crop Farms: Inspiration for a Balanced Decision Making Metaphorical Model," Proceedings of the International Conference on Business Excellence, Sciendo, vol. 17(1), pages 1240-1250, July.
    • Handle: RePEc:vrs:poicbe:v:17:y:2023:i:1:p:1240-1250:n:7
    DOI: 10.2478/picbe-2023-0111
    as

    Download full text from publisher

    File URL: https://doi.org/10.2478/picbe-2023-0111
    Download Restriction: no
    File URL: https://libkey.io/10.2478/picbe-2023-0111?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Rose, David C. & Sutherland, William J. & Parker, Caroline & Lobley, Matt & Winter, Michael & Morris, Carol & Twining, Susan & Ffoulkes, Charles & Amano, Tatsuya & Dicks, Lynn V., 2016. "Decision support tools for agriculture: Towards effective design and delivery," Agricultural Systems, Elsevier, vol. 149(C), pages 165-174.
    2. Ikujiro Nonaka, 1994. "A Dynamic Theory of Organizational Knowledge Creation," Organization Science, INFORMS, vol. 5(1), pages 14-37, February.
    3. Birger Wernerfelt, 1984. "A resource‐based view of the firm," Strategic Management Journal, Wiley Blackwell, vol. 5(2), pages 171-180, April.
    4. Bratianu Constantin & Prelipcean Gabriela & Bejinaru Ruxandra, 2020. "Exploring the latent variables which support SMEs to become learning organizations," Management & Marketing, Sciendo, vol. 15(2), pages 154-171, June.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Patrizia Pastore & Antonio Ricciardi & Silvia Tommaso, 2020. "Contractual networks: an organizational model to reduce the competitive disadvantage of small and medium enterprises (SMEs) in Europe’s less developed regions. A survey in southern Italy," International Entrepreneurship and Management Journal, Springer, vol. 16(4), pages 1503-1535, December.
    2. Kabongo, Jean D. & Okpara, John O., 2019. "Timing and speed of internationalization: Evidence from African banks," Journal of Business Research, Elsevier, vol. 102(C), pages 12-20.
    3. Anne Bartel-Radic & Robert Paturel, 2006. "L'apprentissage organisationnel de la compétence interculturelle," Post-Print hal-03566048, HAL.
    4. Shah, Tushar R., 2022. "Can big data analytics help organisations achieve sustainable competitive advantage? A developmental enquiry," Technology in Society, Elsevier, vol. 68(C).
    5. Isabelle Le Breton–Miller & Danny Miller, 2015. "The Arts and Family Business: Linking Family Business Resources and Performance to Industry Characteristics," Entrepreneurship Theory and Practice, , vol. 39(6), pages 1349-1370, November.
    6. Jelle Schepers & Wim Voordeckers & Tensie Steijvers & Eddy Laveren, 2020. "Long-Term Orientation as a Resource for Entrepreneurial Orientation in Private Family Firms: The Need for Participative Decision Making," Sustainability, MDPI, vol. 12(13), pages 1-22, July.
    7. Yoruk, Deniz E., 2019. "Dynamics of firm-level upgrading and the role of learning in networks in emerging markets," Technological Forecasting and Social Change, Elsevier, vol. 145(C), pages 341-369.
    8. Robertson, Jeandri & Caruana, Albert & Ferreira, Caitlin, 2023. "Innovation performance: The effect of knowledge-based dynamic capabilities in cross-country innovation ecosystems," International Business Review, Elsevier, vol. 32(2).
    9. Sandberg, Erik & Oghazi, Pejvak & Chirumalla, Koteshwar & Patel, Pankaj C., 2022. "Interactive research framework in logistics and supply chain management: Bridging the academic research and practitioner gap," Technological Forecasting and Social Change, Elsevier, vol. 178(C).
    10. Arrighetti, Alessandro & Canello, Jacopo, 2023. "Explaining the Multifaceted Patterns of Migrant Entrepreneurship in the Global Economy: A Resource-Based Approach," EconStor Preprints 273451, ZBW - Leibniz Information Centre for Economics.
    11. Bernadette Power & Gavin C Reid, 2021. "The Impact of Intellectual Property Types on the Performance of Business Start-ups in the USA," Working Papers wp523, Centre for Business Research, University of Cambridge.
    12. Deborah Dougherty, 1995. "Managing Your Core Incompetencies for Corporate Venturing," Entrepreneurship Theory and Practice, , vol. 19(3), pages 113-135, April.
    13. Singh, Shiwangi & Dhir, Sanjay & Das, V. Mukunda & Sharma, Anuj, 2020. "Bibliometric overview of the Technological Forecasting and Social Change journal: Analysis from 1970 to 2018," Technological Forecasting and Social Change, Elsevier, vol. 154(C).
    14. Ibrahim Yazici & Omer Faruk Beyca & Omer Faruk Gurcan & Halil Zaim & Dursun Delen & Selim Zaim, 2022. "A comparative analysis of machine learning techniques and fuzzy analytic hierarchy process to determine the tacit knowledge criteria," Annals of Operations Research, Springer, vol. 308(1), pages 753-776, January.
    15. Huang, Yi-Hou & Liang, Woan-lih & Truong, Quang-Thai & Wang, Yanzhi, 2022. "No new tricks for old dogs? Old directors and innovation performance," Technological Forecasting and Social Change, Elsevier, vol. 179(C).
    16. Sima Sabahi & Mahour M. Parast, 2023. "An operations and supply chain management perspective to product innovation," Operations Management Research, Springer, vol. 16(2), pages 808-829, June.
    17. Carmen Pedroza-Gutiérrez & Juan M. Hernández, 2020. "Social Networks and Supply Chain Management in Fish Trade," SAGE Open, , vol. 10(2), pages 21582440209, June.
    18. Petra A. Nylund & Xavier Ferras-Hernandez & Alexander Brem, 2020. "Automating profitably together: Is there an impact of open innovation and automation on firm turnover?," Review of Managerial Science, Springer, vol. 14(1), pages 269-285, February.
    19. Miriam Delgado-Verde & Isabel Díez-Vial, 2024. "New product development and supplier involvement: the role of R&D collaboration with supporting organisations," The Journal of Technology Transfer, Springer, vol. 49(2), pages 518-541, April.
    20. Budeanu Nicolae Alexandru, 2023. "Bibliometric Analysis Regarding Knowledge Strategies in Intelligence Structures," Proceedings of the International Conference on Business Excellence, Sciendo, vol. 17(1), pages 1179-1192, July.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:vrs:poicbe:v:17:y:2023:i:1:p:1240-1250:n:7. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Peter Golla (email available below). General contact details of provider: https://www.sciendo.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.