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

DOI:10.17221/26/2014-AGRICECONCitation:Singh S., Kiran R., Goyal D. (2015): Identification of key factors for enhancing competitiveness: an exploratory study of the selected agri-biotech firms of Punjab in India. Agric. Econ. – Czech, 61: 179-188.
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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.
References:
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Ahluwalia I.J. (1991): Productivity and Growth in Indian Manufacturing. Oxford University Press, New Delhi.
 
Bain J.S. (1986): Structure versus conduct as indicators of market performance. Antitrust Law and Economics Review, 18: 17–50.
 
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Biber K. (2000): Biotechnology and traditional knowledge – in search of equity. International Journal of Biotechnology, 2: 1–3.
 
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 Peter J., Pass Christopher L., Prescott Kate (1988): Measures of international competitiveness: A critical survey∗ †. Journal of Marketing Management, 4, 175-200 doi:10.1080/0267257X.1988.9964068
 
Chen Mei Fang, Hu Jin Li, Ding Cherng G. (2005): Efficiency and productivity of Taiwan's biotech industry. International Journal of Biotechnology, 7, 307- doi:10.1504/IJBT.2005.007632
 
Cornish W., Llewelyn D. (2003): Intellectual Property. 5th Ed. Sweet & Maxwell, London.
 
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.
 
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.
 
Dutfield G. (2000): Intellectual Property Rights, Trade and Biodiversity: Seeds and Plant Varieties. Earthscan, London.
 
Fischer Christian, Schornberg Sebastian (2007): Assessing the competitiveness situation of EU food and drink manufacturing industries: An index-based approach. Agribusiness, 23, 473-495 doi:10.1002/agr.20139
 
Forero-Pineda Clemente (2006): The impact of stronger intellectual property rights on science and technology in developing countries. Research Policy, 35, 808-824 doi:10.1016/j.respol.2006.04.003
 
Gangopadhyaya S., Wadhwa W. (1998): Economic reforms and labour. Economic and Political Weekly, 33: L40–L48.
 
Goldar B. (2000): Employment growth in organized manufacturing in India. Economic and Political Weekly, 35: 1–7.
 
Golder B. (1986): Productivity Growth in Indian Industry. Allied Publishers Private Limited, New Delhi.
 
Goldar B. (2000): Employment growth in organized manufacturing in India. Economic and Political Weekly, 35: 1–7.
 
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.
 
Hassan Arif, Hashim Junaidah, Zaki Hj Ismail Ahmad (2006): Human resource development practices as determinant of HRD climate and quality orientation. Journal of European Industrial Training, 30, 4-18 doi:10.1108/03090590610643842
 
Hitchens D M W N, Birnie J E, McGowan A, Triebswetter U, Cottica A (1998): Investigating the relationship between company competitiveness and environmental regulation in European food processing: results of a matched firm comparison. Environment and Planning A, 30, 1585-1602 doi:10.1068/a301585
 
Holbeche L. (1998): High flyers and succession planning in changing organizations. Journal of European Training, 24: 65–93.
 
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.
 
Huber Frank, Herrmann Andreas, Morgan Robert E. (2001): Gaining competitive advantage through customer value oriented management. Journal of Consumer Marketing, 18, 41-53 doi:10.1108/07363760110365796
 
Kavida V., Sivakoumar N. (): Intellectual Property Rights - The New Wealth of Knowledge Economy: An Indian Perspective. SSRN Electronic Journal, , - doi:10.2139/ssrn.1159080
 
Khamba J.S., Singh T.P (2001): Flexible management of new technology. Global Journal of Flexible Systems Management, 2: 41–53.
 
Kiran R., Kaur M. (2008): Indian manufacturing sector: growth and productivity under the new policy regime. Global Economy & Finance Journal, 1: 66–78.
 
Koning J.W. (1998): Three other R’s: recognition, reward and resentment. Research Technology Management, 31: 19–46.
 
Lalitha N (2004): Diffusion of agricultural biotechnology and intellectual property rights: emerging issues in India. Ecological Economics, 49, 187-198 doi:10.1016/j.ecolecon.2004.03.022
 
Lall S. (2001): Competitiveness, Technology and Skills. Edward Elgar, Cheltenham.
 
Lee K.-R. (2007): The Sources of Capital Goods Innovation: The Role of User Firms in Japan and Korea. Harwood Academic Publishers, Amsterdam.
 
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.
 
Mehta S.S. (1980): Productivity, Production Function and Technical Change. Concept Publishing Company, New Delhi.
 
Porter M.E. (2008): The five competitive forces that shape strategy. Harvard Business Review, 86: 78–93.
 
Rao J.M. (1996): Manufacturing productivity growth, method and measurement. Economic and Political Weekly, 31: 2927–2936.
 
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.
 
Scheel Carlos (2002): Knowledge clusters of technological innovation systems. Journal of Knowledge Management, 6, 356-367 doi:10.1108/13673270210440866
 
Srivastava V. (1996): Liberalization, Productivity and Competition: A Panel Study of Indian Manufacturing. Oxford University Press, Delhi.
 
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.
 
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.
 
Woodruff Robert B. (1997): Customer value: The next source for competitive advantage. Journal of the Academy of Marketing Science, 25, 139-153 doi:10.1007/BF02894350
 
Zeng S.X., Xie X.M., Tam C.M., Wan T.W. (2008): Competitive priorities of manufacturing firms for internationalization: an empirical research. Measuring Business Excellence, 12, 44-55 doi:10.1108/13683040810900395
 
Adler P.S., Shenher A. (1990): Adapting your technological base: the organisational challenge. Sloan Management Review, 32: 25–37.
 
Ahluwalia I.J. (1991): Productivity and Growth in Indian Manufacturing. Oxford University Press, New Delhi.
 
Bain J.S. (1986): Structure versus conduct as indicators of market performance. Antitrust Law and Economics Review, 18: 17–50.
 
Beck B (1990): Die internationale Wettbwerbsfahigkeit der schweizerischen Export-industrie. Haupt Verlag, Bern-Stuttgart.
 
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.
 
Biber K. (2000): Biotechnology and traditional knowledge – in search of equity. International Journal of Biotechnology, 2: 1–3.
 
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 Peter J., Pass Christopher L., Prescott Kate (1988): Measures of international competitiveness: A critical survey∗ †. Journal of Marketing Management, 4, 175-200 doi:10.1080/0267257X.1988.9964068
 
Chen Mei Fang, Hu Jin Li, Ding Cherng G. (2005): Efficiency and productivity of Taiwan's biotech industry. International Journal of Biotechnology, 7, 307- doi:10.1504/IJBT.2005.007632
 
Cornish W., Llewelyn D. (2003): Intellectual Property. 5th Ed. Sweet & Maxwell, London.
 
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.
 
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.
 
Dutfield G. (2000): Intellectual Property Rights, Trade and Biodiversity: Seeds and Plant Varieties. Earthscan, London.
 
Fischer Christian, Schornberg Sebastian (2007): Assessing the competitiveness situation of EU food and drink manufacturing industries: An index-based approach. Agribusiness, 23, 473-495 doi:10.1002/agr.20139
 
Forero-Pineda Clemente (2006): The impact of stronger intellectual property rights on science and technology in developing countries. Research Policy, 35, 808-824 doi:10.1016/j.respol.2006.04.003
 
Gangopadhyaya S., Wadhwa W. (1998): Economic reforms and labour. Economic and Political Weekly, 33: L40–L48.
 
Goldar B. (2000): Employment growth in organized manufacturing in India. Economic and Political Weekly, 35: 1–7.
 
Golder B. (1986): Productivity Growth in Indian Industry. Allied Publishers Private Limited, New Delhi.
 
Goldar B. (2000): Employment growth in organized manufacturing in India. Economic and Political Weekly, 35: 1–7.
 
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.
 
Hassan Arif, Hashim Junaidah, Zaki Hj Ismail Ahmad (2006): Human resource development practices as determinant of HRD climate and quality orientation. Journal of European Industrial Training, 30, 4-18 doi:10.1108/03090590610643842
 
Hitchens D M W N, Birnie J E, McGowan A, Triebswetter U, Cottica A (1998): Investigating the relationship between company competitiveness and environmental regulation in European food processing: results of a matched firm comparison. Environment and Planning A, 30, 1585-1602 doi:10.1068/a301585
 
Holbeche L. (1998): High flyers and succession planning in changing organizations. Journal of European Training, 24: 65–93.
 
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.
 
Huber Frank, Herrmann Andreas, Morgan Robert E. (2001): Gaining competitive advantage through customer value oriented management. Journal of Consumer Marketing, 18, 41-53 doi:10.1108/07363760110365796
 
Kavida V., Sivakoumar N. (): Intellectual Property Rights - The New Wealth of Knowledge Economy: An Indian Perspective. SSRN Electronic Journal, , - doi:10.2139/ssrn.1159080
 
Khamba J.S., Singh T.P (2001): Flexible management of new technology. Global Journal of Flexible Systems Management, 2: 41–53.
 
Kiran R., Kaur M. (2008): Indian manufacturing sector: growth and productivity under the new policy regime. Global Economy & Finance Journal, 1: 66–78.
 
Koning J.W. (1998): Three other R’s: recognition, reward and resentment. Research Technology Management, 31: 19–46.
 
Lalitha N (2004): Diffusion of agricultural biotechnology and intellectual property rights: emerging issues in India. Ecological Economics, 49, 187-198 doi:10.1016/j.ecolecon.2004.03.022
 
Lall S. (2001): Competitiveness, Technology and Skills. Edward Elgar, Cheltenham.
 
Lee K.-R. (2007): The Sources of Capital Goods Innovation: The Role of User Firms in Japan and Korea. Harwood Academic Publishers, Amsterdam.
 
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.
 
Mehta S.S. (1980): Productivity, Production Function and Technical Change. Concept Publishing Company, New Delhi.
 
Porter M.E. (2008): The five competitive forces that shape strategy. Harvard Business Review, 86: 78–93.
 
Rao J.M. (1996): Manufacturing productivity growth, method and measurement. Economic and Political Weekly, 31: 2927–2936.
 
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.
 
Scheel Carlos (2002): Knowledge clusters of technological innovation systems. Journal of Knowledge Management, 6, 356-367 doi:10.1108/13673270210440866
 
Srivastava V. (1996): Liberalization, Productivity and Competition: A Panel Study of Indian Manufacturing. Oxford University Press, Delhi.
 
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.
 
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.
 
Woodruff Robert B. (1997): Customer value: The next source for competitive advantage. Journal of the Academy of Marketing Science, 25, 139-153 doi:10.1007/BF02894350
 
Zeng S.X., Xie X.M., Tam C.M., Wan T.W. (2008): Competitive priorities of manufacturing firms for internationalization: an empirical research. Measuring Business Excellence, 12, 44-55 doi:10.1108/13683040810900395
 
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