Agric. Econ. - Czech, 2015, 61(4):179-188 | DOI: 10.17221/26/2014-AGRICECON

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

Sandeep SINGH1, Ravi KIRAN2, Dinesh GOYAL3
1 School of Management Studies, Thapar University, Patiala, India
2 School of Behavioral Sciences and Business Studies, Thapar University,, Patiala, India
3 Department of Biotechnology & Environmental Sciences Thapar University, Patiala, India

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.

Keywords: bargaining power, suppliers, competitive rivalry

Published: April 30, 2015  Show citation

ACS AIP APA ASA Harvard Chicago Chicago Notes IEEE ISO690 MLA NLM Turabian Vancouver
SINGH S, KIRAN R, GOYAL D. Identification of key factors for enhancing competitiveness: an exploratory study of the selected agri-biotech firms of Punjab in India. Agric. Econ. - Czech. 2015;61(4):179-188. doi: 10.17221/26/2014-AGRICECON.
Share...
Download citation
  • BibTeX (.bib)
  • Bookends (.ris)
  • EasyBib (.ris)
  • EndNote (.enw)
  • EndNote 8 (.xml)
  • ISI WoS (.isi)
  • Medlars (.medlars)
  • Mendeley (.ris)
  • MODS (.xml)
  • Papers (.ris)
  • RefWorks (.txt)
  • RefManager (.ris)
  • RIS (.ris)
  • MS Word (.xml)
  • Zotero (.ris)
    • Open full article

    References

    1. Adler P.S., Shenher A. (1990): Adapting your technological base: the organisational challenge. Sloan Management Review, 32: 25-37. Go to original source...
    2. Ahluwalia I.J. (1991): Productivity and Growth in Indian Manufacturing. Oxford University Press, New Delhi.
    3. Bain J.S. (1986): Structure versus conduct as indicators of market performance. Antitrust Law and Economics Review, 18: 17-50.
    4. Beck B (1990): Die internationale Wettbwerbsfahigkeit der schweizerischen Export-industrie. Haupt Verlag, Bern-Stuttgart.
    5. Bhardwaj R.P. (1990): A Study of Structure and Growth of Hosiery Industry in Punjab. [Ph.D. Thesis.] Department of Economics, Punjabi University, Patiala, Punjab.
    6. Biber K. (2000): Biotechnology and traditional knowledge - in search of equity. International Journal of Biotechnology, 2: 1-3. Go to original source...
    7. Bobillo A.M., Rodriguez Sanz J.A., Gaite F.T. (2006): Innovation investment, competitiveness, and performance in industrial firms. Thunderbird International Business Review, 48: 867-890, Buckley P., Pass C., Prescott K. (1988): Measures of international competitiveness: critical survey. Journal of Marketing Management, 86: 175-200. Go to original source...
    8. Chen Mei-Fang, Hu Jin-Li, Ding Cherng G. (2005): Efficiency and productivity of Taiwan's biotech industry. International Journal of Biotechnology, 7: 307-322. Go to original source...
    9. Cornish W., Llewelyn D. (2003): Intellectual Property. 5 th Ed. Sweet & Maxwell, London.
    10. Damiyano D., Muchabaiwa L., Mushanyuri B.E., Chikomba C.P. (2012): An investigation of Zimbabwe's manufacturing sector competitiveness. International Journal of Development and Sustainability, 1: 581-598.
    11. Das D.K. (2003): Manufacturing productivity under varying trade regimes: India in the 1980s and 1990s. In: Indian Council for Research on International Economic Relations, New Delhi, Working Paper No. 107.
    12. Dutfield G. (2000): Intellectual Property Rights, Trade and Biodiversity: Seeds and Plant Varieties. Earthscan, London. Go to original source...
    13. Fischer C., Schornberg S. (2007): Assessing the competitiveness situation of EU food and drink manufacturing industries: an index -based approach. Agribusiness, 23: 473-495. Go to original source...
    14. Forero-Pineda C. (2006): The impact of stronger intellectual property rights on science and technology in developing countries. Research Policy In Property and the pursuit of knowledge: IPR issues affecting scientific research, 35: 808-824 Go to original source...
    15. Gangopadhyaya S., Wadhwa W. (1998): Economic reforms and labour. Economic and Political Weekly, 33: L40-L48.
    16. Goldar B. (2000): Employment growth in organized manufacturing in India. Economic and Political Weekly, 35: 1-7.
    17. Golder B. (1986): Productivity Growth in Indian Industry. Allied Publishers Private Limited, New Delhi.
    18. Goldar B. (2000): Employment growth in organized manufacturing in India. Economic and Political Weekly, 35: 1-7.
    19. Griliches Z., Mairess J. (1990): Productivity and R&D at the firm level. In: Griliches Z. (ed.): R&D, Patents and Productivity. University of Chicago Press, Chicago: 339-374.
    20. Hassan A., Hashim J., Ismail Z. Hj A. (2006): Human resource development practices as department of HRD climate and quality orientation. Journal of European Industrial Training, 30: 4-18. Go to original source...
    21. Hitchens D., Birnie J., McGowan A. (1998): Investigating the relationship between company competitiveness and environmental regulation in European food processing: Results of a matched firm comparison. Environment and Planning, 30: 1585-1602. Go to original source...
    22. Holbeche L. (1998): High flyers and succession planning in changing organizations. Journal of European Training, 24: 65-93.
    23. Hoste R., Backus G.B.C. (2003): Global Pig Production Costs - Costs of Pig Production in Brazil, Canada, China, Poland and the USA Compared to those in the Netherlands. LEI, Wageningen.
    24. Huber F., Herrmann A., Morgan R.E. (2001): Gaining competitive advantage through customer value oriented management. Journal of Consumer Marketing, 18: 41-53. Go to original source...
    25. Kavida V., Sivakoumar N. (2008): Intellectual Property Rights - The New Wealth of Knowledge Economy: An Indian Perspective. SSRN-id 1159080. Go to original source...
    26. Khamba J.S., Singh T.P (2001): Flexible management of new technology. Global Journal of Flexible Systems Management, 2: 41-53.
    27. Kiran R., Kaur M. (2008): Indian manufacturing sector: growth and productivity under the new policy regime. Global Economy & Finance Journal, 1: 66-78.
    28. Koning J.W. (1998): Three other R's: recognition, reward and resentment. Research Technology Management, 31: 19-46.
    29. Lalitha N. (2004): Diffusion of agricultural biotechnology and intellectual property rights: emerging issues in India. Ecological Economics, 49: 187-198. Go to original source...
    30. Lall S. (2001): Competitiveness, Technology and Skills. Edward Elgar, Cheltenham.
    31. Lee K.-R. (2007): The Sources of Capital Goods Innovation: The Role of User Firms in Japan and Korea. Harwood Academic Publishers, Amsterdam.
    32. Maskus K.E. (2000): Globalization and the Economics of Intellectual Property Rights: Dancing the Dual Distortion. Intellectual Property Rights in the Global Economy. Institute for International Economics, Washington.
    33. Mehta S.S. (1980): Productivity, Production Function and Technical Change. Concept Publishing Company, New Delhi.
    34. Porter M.E. (2008): The five competitive forces that shape strategy. Harvard Business Review, 86: 78-93.
    35. Rao J.M. (1996): Manufacturing productivity growth, method and measurement. Economic and Political Weekly, 31: 2927-2936.
    36. Sethi A.P.S, Khamba J.S, Sushil, Kiran R. (2007): Linkages of Technology Adoption and Adaptation with Technological capability, flexibility and success of AMT. Global Journal of Systems Management, 8: 27-40. Go to original source...
    37. Sheel C. (2002): Knowledge clusters of technological innovation. Journal of Knowledge Management, 6: 356-367. Go to original source...
    38. Srivastava V. (1996): Liberalization, Productivity and Competition: A Panel Study of Indian Manufacturing. Oxford University Press, Delhi.
    39. Srivastava V. (2001): The Impact of India's Economic Reforms on Industrial Productivity, Efficiency and Competitiveness: A Panel Study of Indian Companies 1980-97. In: NCAER, New Delhi.
    40. Trivedi P., Prakash A., Sinate D. (2000): Productivity in Major Manufacturing Industries in India: 1973-74 to 1997-98. Mumbai Development Research Group Study No. 20, Department of Economic Analysis and Policy, Reserve Bank of India.
    41. Woodruff R.B. (1997): Customer value: The next source for competitive advantage. Journal of the Academy of Marketing Science, 25: 139-153. Go to original source...
    42. Zeng S.C., Xie X.M., Tam C.M., Wan T.W. (2012): Competitive priorities of manufacturing firms for internationalization: an empirical research. Measuring Business Excellence, 12: 44-55. Go to original source...

    This is an open access article distributed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International (CC BY NC 4.0), which permits non-comercial use, distribution, and reproduction in any medium, provided the original publication is properly cited. No use, distribution or reproduction is permitted which does not comply with these terms.


    Return to the content