Serbian Large Agribusiness Corporations Knocking at the Door of E-Agribusiness Revolution

DOI 10.7160/aol.2016.080205
No 2/2016, June
pp. 57-65

Ljutić, B. Ž., Đurđević, D., Đorđević, Z. and Damnjanović, A. (2016) “Serbian Large Agribusiness Corporations Knocking at the Door of E-Agribusiness Revolution", AGRIS on-line Papers in Economics and Informatics, Vol. 8, No. 2, pp. 57-65. ISSN 1804-1930. DOI 10.7160/aol.2016.080205.

Abstract

Transformation of large agribusiness corporations in Serbia is at its beginning. Institutional investors are taking control of these firms through foreign direct investments. Corporate reorganization of agribusinesses starts up by introducing efficient management, information technology, Net and e-commerce. IT environment generates a new business model, which creates connections in Serbia between the large agribusinesses, business processes and IT. The market of agricultural production in Serbia is rapidly changing and adapting itself to the global trends, mainly to the Internet economy. The speed of transactions and volume of information is increasing dramatically. It is important to explain the basic economic principles at macro and micro levels. Such revolutionary changes affect the operations and management of agribusiness on the Internet and outside of it. The purpose of this work is to stimulate further research in these processes, and to use the acquired knowledge as a tool for efficient corporate agribusiness management.

Keywords

Serbia, e-agribusiness, information technology.

References

  1. Baourakis, G., Kourgiantakis, M. and Migdalas, A. (2002) "The Impact of e-Commerce on Agro- food Marketing: The Case of Agricultural Cooperatives, Firms, and Consumers in Crete", British Food Journal, Vol. 104, No.8, pp. 580-590. ISSN 0007-070X. DOI 10.1108/00070700210425976.
  2. Beierlein, J. G., Schneeberger, K. C. and Osburn, D. D. (2013) “Principles of agribusiness management”. Waveland Press. ISBN 978-1577665403.
  3. Beirlein, J. G., Schneeberger, K. C. and Osburn, D. D. (1986) “Principles of Agribusiness Management”. A Reston Book, Prentice Hall, Englewood Cliffs, New Jersey. ISBN 0-8359-5599-0.
  4. Belgrade Stock Market (2016) [Online] Available: http://www.belex.rs/eng/trzista_i_hartije/trzista/ prime/akcije [Accessed: 5 June 2016].
  5. Benziger, V. (1998) “Can China's Gradualist Reform Strategy be Applied in Eastern Europe?“, Journal of Asia Pacific Economy, Vol. 3, No. 1. [Online]. Available: http://ssrn.com/abstract=120008 [Accessed: 15 February 2016]. DOI 10.2139/ssrn.131464.
  6. Cook, M. and Barry, P. (2004) “Organizational economics in the food, agribusiness, and agricultural sectors“, American Journal of Agricultural Economics, Vol. 86, No.3, pp. 740-743. E-ISSN 1467-8276. ISSN 0002-9092. DOI 10.1111/j.0002-9092.2004.00617.x.
  7. Distante, D., Garrido, A., Camelier-Carvajal, J., Giandini, R. and Rossi, G. (2014) “Business processes refactoring to improve usability in E-commerce applications”, Electronic Commerce Research, Vol. 14, No. 4, pp. 497-529. E-ISSN 1572-9362, ISSN 1389-5753.
  8. Fante, N., Giovannucci, D. and Hanway, C. “The Basics of a Business Plan for Development Professionals“. [Online]. Available: http://ssrn.com/abstract=996767 [Accessed: 1 March 2016].
  9. Fava N. and Marcos, A. (2007) “Method for Demand Driven Strategic Planning and Management for Food Chains“, The Chainplan Method. [On-line]. Available: http://ssrn.com/abstract=1007491 [Accessed: 20 February 2016]. DOI 10.2139/ssrn.1007491.
  10. Fomina, J. and Fomin E. (2011) “Electronic Commodity Market System for Food Networks“ . Proceedings in System Dynamics and Innovation Food Networks, the International Journal of Food System Dynamics. [Online]. Available: http://centmapress.ilb.uni-bonn.de/ojs/index.php/proceedings/article/view Article/ 163 [Accessed: 8 March 2016].
  11. Henderson, J., Dooley, F., Akridge, J. and Carerre, A. (2005) “Adoption of internet strategies by agribusiness firms”. International Food and Agribusiness Management Review. [On-line]. Available: https://www.,esearchgate.net/profile/Jay_Akridge/publication/ 23941188_Adoption_of_ Internet_Strategies_by_Agribusiness_Firms/links/02e7e5188 0156bd3ab000000.pdf [Accessed: 8 March 2016].
  12. Henderson, J., Dooley, F. and Akridge, J. (2004): "Internet and E-Commerce Adoption by Agricultural Input Firms", Review of Agricultural Economics, Vol. 26., No. 4, pp. 505-520. E-ISSN: 1467-9353. DOI 10.1111/j.1467-9353.2004.00196.x.
  13. Joshi, G. V. and Prasad, K. (2012) “Bank Finance for Agribusiness in a Dynamic Setting“, Nitte Management Review, Vol. 06, Issue 02, pp. 46-52. [On-line]. Available: http://ssrn.com/ abstract=2260225 [Accessed: 9 February 2016]. ISSN 2395-1907.
  14. Kaptein, M. and Parvinen, P. (2015) “Advancing E-Commerce Personalization: Process Framework and Case Study”, International Journal of Electronic Commerce, Spring 2015, Vol. 19, No. 3, pp. 7-33. ISSN 1086-4415. DOI 10.1080/10864415.2015.1000216.
  15. Kym, A. (2010) "Krueger, Schiff, and Valdes Revisited: Agricultural Price and Trade Policy Reform in Developing Countries since 1960", Applied Economic Perspectives and Policy, Vol. 32, No. 2, pp. 195-231. [On-line]. Available: http://aepp.oxfordjournals.org/content/32/2/195.full [Accessed: 27 April 2016]. DOI 10.1093/aepp/ppq005.
  16. Ljutic, B. Z., Jankovic, S. and Vlasic D. (2012) “Impact of Notes to Financial Statements on the Quality of Financial Reporting: Selected Evidence of Issuers at the Primary Stock Makets in Croatia and Serbia“. 9th ICAFT, International Conference on Accounting and Finance, European and World Experience and Public Policy Consideration, 11th -14th October, 2012, Riga, Latvia.
  17. Ljutić, B. Ž., Schneeberger, K. C. and Osburn, D. D., (2003) “Modern Agribusiness Management: A Systems Approach to Farming and Agribusiness”, In Serbian language only: Moderni agrobiznis menadžment. Sistemski pristup farmerskoj proizvodnji i agrobiznisima. Magistar biznis administracije – MBA Press Inc., Beograd. ISBN 86-903871-1-0.
  18. Ljutić, B. Ž., Schneeberger, K. C. and Osburn, D. D. (2006) “Agriculture Finance: Micro and Macro Concepts”, In Serbian language only: Agrarne finansije: Mikro i makro koncepti. Magistar biznis administracije – MBA Press Inc., Beograd. ISBN 86-903871-4-5 978-86-903871-4-4.0.
  19. Mafimisebi, T. E., Oguntade, A. and Mafimisebi, O. (2010) “Re-Engineering Agriculture for Enhanced Performance Through Financing“, Journal of Economics, Finance & Administrative Science, Vol. 15, No. 29, pp. 38 - 49. [Online] Available: http://ssrn.com/abstract=1717956 [Accessed: 9 February 2016].
  20. Manouselis, N., Konstantas, A., Palavitsinis, N.;,Costopoulou, C., Sideridis, A. B. (2009) “A Survey of Greek Agricultural E-Markets“, Agricultural Economics Review, Vol. 10, No.1, pp. 97-112. ISSN 1109-2580
  21. Montealegre, F., Thompson, S. and Eales, J. (2004). „An empirical analysis of the determinants of success of food and agribusiness E-Commerc firms”, Doctoral dissertation, Department of Agricultural Economics, Purdue University. [Online] Available: https://www.researchgate. net/profile/Sarahelen_Thompson/publication/23941221_An_Empirical_Analysis_ of_the_Determinants_of_Success_of_Food_and_Agribusiness_E-Commerce_Firms/ links/02e7e533ea85976682000000.pdf [Accessed: 8 March 2016].
  22. Schneeberger, K. C., Osborn, D. D. and Ljutić, B. Ž. (1995) “Financial Planning in Agriculture: With the Element of Agriculture Credit. A Key to Financial Management of Credit and Money”, In Serbian language only: Finansijsko planiranje u agrobiznisu: Sa elementima agrarnog kredita – Ključ za finansijski menadžment kreditom i novcem. ISBN 86-7094-001-9.
  23. Schneeberger, K., C., Osburn, D. D. (1983): “Modern Agricultural Management: A Systems Approach to Farming”. Reston Publishing Company, Inc. A Prentice Hall Company, Reston, Virginia. ISBN 0-8359-4550-2.
  24. SBRA (2016) Serbian Business Registers Agency, Registers, Companies. [Online] Available: http://www.apr.gov.rs/eng/Registers/Companies/Search.aspx [Accessed: 5 June 2016].
  25. Schneeberger, K., C. and Osburn, D. D. (1977) “Financial Planning in Agriculture: A Key to Credit and Money Management”, The Interstate Printers & Publishers, Danville, Illinois, Library of Congress Catalog Card No. 77-78698.
  26. Strzebicki, D. (2014) “The Development of Electronic Commerce in Agribusiness – The Polish Example”, 2nd Global Conference on Business, Economics, Management and Tourism, 30-31 October 2014, Prague Czech Republic, Procedia Economics and Finance, 23 (2015). ISBN 1314-1320.
  27. Tomic, M., Cerjak, M. and Hadelan, L. (2012) “E-business in Croatian agribusiness”, 47th Croatian and 7th International Symposium on Agriculture, Opatija, Croatia, 13-17 February 2012, Proceedings 2012, pp. 231-234. ISBN: 978-953-7878-04-7.
  28. Vostrovsky, V., Tyrychtr, J. and Ulman, M. (2015) “Potential of Open Data in the Agricultural eGovernment”, Agris on-line Paper in Economics and Informatics, Vol. 7, No. 2, pp. 103-113. ISSN 1804-1930.

Full paper

  Full paper (.pdf, 371.56 KB).