During our Ph.D years, Dr. Giri and I had unconditionally assumed that most crop producers are production and market savvy. Due to the nature of our respective research projects at the time, we never really got involved with extension activities, which would have...
For better or worse, marketing and sales efforts affect not only the profitability of a firm but also the firm’s liquidity, or its ability to meet short-term financial obligations. More formally, liquidity refers to the structure of a firm’s balance sheet. A firm is...
Successful employees are searching for improvement. They are putting in extra effort and time to make a difference for the company and for themselves. Those employees can make an even better impact on your company if they are given great tools to work with. Providing...
Do you ever feel a bit like Charlie Brown listening to his teacher when your chief financial officer is talking? CFOs often rise to the position through the accounting function of the business. At times, it can feel like they have their own language. Depending on the...
Editor’s note: Dr. Mike Gunderson is an associate director for Purdue University’s Center for Food and Agricultural Business and an associate professor of agricultural economics. He leads a quantitative methods course in the center’s MS-MBA in Food and Agribusiness...
Editor’s note: Dr. Scott Downey will lead a session on discovery planning at the 2017 Ag Retailers Association (ARA) Management Academy, Jan. 31-Feb. 2 in West Lafayette, Ind. Learn more about the academy and register here. Each company is different, of course. But in...
Author: Dr. Dave Downey, Executive Director Emeritus and Professor Emeritus Purdue University’s Center for Food and Agricultural Business was launched in 1986 as a new way for the university to serve agriculture. I have always believed the land grant university system...
What does an organization’s talent management strategy have to do with its financial performance? After all, human resources and accounting rarely spend much time together. But talent management extends well beyond human resources. And besides, a company...
Talent affects finance Agribusiness professionals seem to view the chief financial officer (CFO) as a no-nonsense type with a singular focus on the numbers. It is clear, however, that nothing is more important to a company’s financial performance than talent...
Strategic thinking is all about change. It’s about ways to anticipate, shape and capitalize on the future by looking inside and outside of the business. This is especially true given that many managers, until now, have found career success by excelling in tactical...
