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| Cozzarin, Brian P.; Westgren, Randall E.. |
| U.S. hog production has become an industrialized process. New technology has caused the scale of operations to increase, and the organizational form of hog farms to change. One of the new organizational forms can be found in North Carolina and Colorado where vertical integration and/or franchise-like production methods prevail. This type of production may not be possible or appealing to some producers. Instead, they may be able to reap some of the benefits of specialization by forming strategic alliances. The purpose of the paper is to answer the question: is it possible to create the same sort of control mechanisms in a production alliance that exist in a vertically integrated firm? Production risk is potentially one of the greatest problems in an... |
| Tipo: Journal Article |
Palavras-chave: Industrial Organization; Livestock Production/Industries. |
| Ano: 2000 |
URL: http://purl.umn.edu/34479 |
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| Ross, R. Brent; Westgren, Randall E.. |
| Highly turbulent environments require firms to act entrepreneurially. The returns to entrepreneurial activities are known as entrepreneurial rents. Following the payments perspective, these rents are allocated to the entrepreneurial resources of the firm as factor payments. However, unlike other factor payments, little is known about how to value these types of rents. An analysis of the economics and management literature reveals that entrepreneurial rents are a return to alertness, subjective judgment, asset control, and uncertainty bearing. Furthermore, entrepreneurial rents are noncontractible and temporary. This paper introduces two complementary valuation models that capture these characteristics and that explicitly impute value to various... |
| Tipo: Journal Article |
Palavras-chave: Entrepreneurship; Factor payments; Subjective judgment; Uncertainty; Agribusiness; Risk and Uncertainty; M13; B12; B25; P23; Q13. |
| Ano: 2006 |
URL: http://purl.umn.edu/43776 |
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| Westgren, Randall E.. |
| This paper examines the formation and governance of strategic alliances. In particular, the problem is defined for the development of alliances in agriculture, where new organizational forms are arising rapidly for horizontal and vertical coordination of the production-marketing chain. As the title of this research conference implies, these organizational forms offer opportunities within the portfolio of strategies facing agricultural producers for reconfiguring their marketing and managing risks by joint/collective action. The basis for the paper is the resource-based theory (RBT) of firm strategy, which has developed over the past ten years as a way to build positive and normative models of strategic decisions. The RBT draws from industrial... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Agribusiness. |
| Ano: 2000 |
URL: http://purl.umn.edu/19577 |
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| Cocks, Jack; Gow, Hamish R.; Westgren, Randall E.. |
| With the continued globalization, rapid channel consolidation, increasing technology, capital, food safety and private grades and standards requirements, many small scale agricultural and horticultural producers from transitional and developing countries are rapidly becoming excluded from international agri-food marketing system. Consequently, governments and international agencies alike are reevaluating the structure, form, and delivery of their assistance programs as they search to identify new delivery mechanisms that can overcome the weaknesses that their traditional programs face within this new business environment. Their challenge is to design programs that facilitate the establishment of economically viable and sustainable market relationships and... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: International Relations/Trade. |
| Ano: 2005 |
URL: http://purl.umn.edu/19295 |
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| Gow, Hamish R.; Stevenson, Mark; Westgren, Randall E.; Sonka, Steven T.. |
| The structure of the New Zealand merino industry has been through a period of rapid organizational change and marketing innovation over the past decade. This has seen it move away from a publicly regulated spot auction market structure characterised by undifferentiated product receiving pooled equilibrium commodity prices often at a discount to the international market price to a market structure composed of both privately controlled strongly vertically integrated marketing initiatives characterised by tight contractual relationships gaining substantial premiums over the international market place operating concurrently along side the traditional spot auction markets. The emergence of these new marketing structures has thus forced farmers to seriously... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Marketing. |
| Ano: 2005 |
URL: http://purl.umn.edu/19140 |
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