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

Abstract

Th e present study covers empirical research on the selected Agri-Biotech fi rms of Punjab. Th e 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 identifi ed key factors infl uencing competitiveness. Th ese are Th reat of new competition; Th reat of substitute products or services; Bargaining power of suppliers; Intensity of competitive rivalry; Bargaining power of customers; Rivalry among existing fi rms. Th e study also tries to evaluate the fi ndings on the basis of the author--factor matrix. Th e aim is to identify the key factors infl uencing competiveness. It analyses the diff erence in competitive factors on the basis of the nature of the industry and on the basis of scale of the fi rms. Th en fi nally it tries to determine the key competitive factors infl uencing the market share. Th e results indicate that the Th reat of new competition and Th reat of substitutes/services emerge as the important predictors. Intensity of competitive rivalry; Preparedness for Competition; and Bargaining power of suppliers also emerge as signifi cant predictors. Th ese variables explain 79.6% of variation in the model.

Readiness of human resource departments of agricultural enterprises for implementation of the new roles of human resource professionals

“…In the new millennium, business corporations will have to deal with entirely new challenges in order to meet customer demands, to move from competition to collaborative reconfiguration, to dovetail the supplier and subcontractor processes with the corporate goals and to empower employees to be able to meet and surpass customer expectations. Due to global competitiveness, companies are now taking more effective steps to improve overall productivity and efficiency (Singh et al 2015). Business entities located in rural areas and, in particular, those related to agriculture and land management, play distinct and irreplaceable roles in rural development.…”