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Reviewing value creation in agriculture—A conceptual analysis and a new framework

Sadovska, Vera LU ; Ekelund Axelson, Lena and Mark-Herbert, Cecilia (2020) In Sustainability 12(12).
Abstract
Creation of business value is a major objective of any enterprise, but the way in which
value is created and its consequences call for re-evaluation in response to current sustainability goals. The agricultural sector serves basic human needs, but its systems and methods for production, processing, and consumption often pose challenges to sustainable development. To address these challenges, this study consolidated value-creating factors identified in a systematic literature review into nine clusters: collaboration, communication, knowledge, production, diversification, entrepreneurism, funding, policies, and inclusiveness. These clusters were analyzed with a Triple Bottom Line framework where financial, environmental, and social... (More)
Creation of business value is a major objective of any enterprise, but the way in which
value is created and its consequences call for re-evaluation in response to current sustainability goals. The agricultural sector serves basic human needs, but its systems and methods for production, processing, and consumption often pose challenges to sustainable development. To address these challenges, this study consolidated value-creating factors identified in a systematic literature review into nine clusters: collaboration, communication, knowledge, production, diversification, entrepreneurism, funding, policies, and inclusiveness. These clusters were analyzed with a Triple Bottom Line framework where financial, environmental, and social dimensions are part of sustainable development. The analysis revealed that agricultural enterprises pursue business activities in a near-term perspective, with few having strategies for long-term activities such as innovativeness, knowledge acquisition, and collaboration with external stakeholders. These findings highlight the
complexity in creation of sustainable business value and call for further investigation of how value is conceptualized in the agricultural sector. Re-thinking value creation in the sector should consider why value is created, for whom, the time perspective in which value is assessed, and the aspects given weight in the assessment. (Less)
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author
; and
publishing date
type
Contribution to journal
publication status
published
in
Sustainability
volume
12
issue
12
article number
5021
publisher
MDPI AG
external identifiers
  • scopus:85087020873
ISSN
2071-1050
DOI
10.3390/su12125021
language
English
LU publication?
no
id
5cbef09e-ca13-460e-bcd6-d814365b0d66
date added to LUP
2023-11-09 12:22:46
date last changed
2023-11-10 10:38:43
@article{5cbef09e-ca13-460e-bcd6-d814365b0d66,
  abstract     = {{Creation of business value is a major objective of any enterprise, but the way in which<br/>value is created and its consequences call for re-evaluation in response to current sustainability goals. The agricultural sector serves basic human needs, but its systems and methods for production, processing, and consumption often pose challenges to sustainable development. To address these challenges, this study consolidated value-creating factors identified in a systematic literature review into nine clusters: collaboration, communication, knowledge, production, diversification, entrepreneurism, funding, policies, and inclusiveness. These clusters were analyzed with a Triple Bottom Line framework where financial, environmental, and social dimensions are part of sustainable development. The analysis revealed that agricultural enterprises pursue business activities in a near-term perspective, with few having strategies for long-term activities such as innovativeness, knowledge acquisition, and collaboration with external stakeholders. These findings highlight the<br/>complexity in creation of sustainable business value and call for further investigation of how value is conceptualized in the agricultural sector. Re-thinking value creation in the sector should consider why value is created, for whom, the time perspective in which value is assessed, and the aspects given weight in the assessment.}},
  author       = {{Sadovska, Vera and Ekelund Axelson, Lena and Mark-Herbert, Cecilia}},
  issn         = {{2071-1050}},
  language     = {{eng}},
  number       = {{12}},
  publisher    = {{MDPI AG}},
  series       = {{Sustainability}},
  title        = {{Reviewing value creation in agriculture—A conceptual analysis and a new framework}},
  url          = {{http://dx.doi.org/10.3390/su12125021}},
  doi          = {{10.3390/su12125021}},
  volume       = {{12}},
  year         = {{2020}},
}