We have categorized 36 documents as Farming Industry. There are 16 documents listed on this page.
The world-renowned economist, Paul Romer, once underlined the significant influence of agricultural productivity on the global economy when he noted, "Historically, improvements in farm productivity have freed up labor to build cities." As imperatively important is the Farming Industry to the global economy, so it does require Strategic Management to ensure it achieves Operational Excellence and drive economic growth. This article presents key principles, best practices, and unique insights germane to the strategic management of the Farming Industry. Learn more about Farming Industry.
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Farming Industry Best Practices
Farming Industry Overview The Farming Industry: A Fertile Ground for Strategic Management Key Principles of Strategic Management in the Farming Industry Best Practices for the Farming Industry Unique Insights for C-Level Executives in the Farming Industry Farming Industry FAQs Recommended Documents Flevy Management Insights Case Studies
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For effective implementation, take a look at these Farming Industry best practices:
The essence of strategic management—developing and implementing strategies to meet organizational goals—applies to all industries, including agriculture. In the Farming Industry, Strategic Management involves series of decision-making processes that aim at the general improvement of farming through the effective utilization of resources.
According to a study by McKinsey, strategic management in the Farming Industry can result in up to 20% increase in productivity. This buttresses the essence of effective leadership, strategy development, and risk management towards achieving organizational and industry-wide goals.
Explore related management topics: Strategy Development Risk Management Leadership
Several principles inform the application of Strategic Management in the Farming Industry. These critical principles can be harnessed to drive innovation, operational excellence, and overall business transformation:
Explore related management topics: Business Transformation Innovation
The following are some of the best practices derived from the successful application of strategic management by industry leaders and giants:
Explore related management topics: Production
With the understanding of key principles and best practices comes the realization of unique insights for the C-suite. Listed below are insights from thought leaders and consulting firms:
Explore related management topics: Decision Making Data Analytics Analytics
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