Tying Rewards to Outcomes

From Feed and Grain Magazine - Working with people can provide you as a manager with some of the most satisfying and some of the most frustrating experiences at the same time. However, a well-thought out reward system can make your job much easier. In fact it can complement all of your managerial efforts by backing up what you instruct your people to do, and serve as a “silent watchman,” to guide them when you are not there to observe their actions. In this month’s column, we will discuss the reasons behind good incentive programs, why they are a good practice, and some of the things to consider when instituting a reward system.


Deciphering Online Shopping Behaviors of Generations Y and Z

While there are some similarities between Y and Z generational customers, they also have major distinctive online shopping behaviors. Organizations that want to serve these generations need to develop more effective marketing strategies to serve both the cohorts based on their unique characteristics and distinct behaviors. It’s important to remember that for many agribusinesses, the issue isn’t SELLING online it is helping their buyers SHOP online.

Modern Chinese Management and Agribusiness

China is one of the most major food producers and consumers in the world. More and more western agribusinesses are forming alliances and partnerships with Chinese companies, and mergers and acquisitions are taking place. Well-known Chinese companies such as the retail giant Alibaba is involved in agriculture, working in the supply chain of fruits and vegetables. Many input manufacturers such as chemical and seed suppliers are based in China and are increasing their footprint in the western ag world. Additionally, important commodity traders such as COFCO are based in China. China, after the U.S., is the second largest investor in ag techs with $2.7 billion in investments in 2022, targeting mainly biotechnology and bioenergy, according to AgFunders.