tailieunhanh - Farm Business Management for the 21st Century: Checking Your Farm Business Management Skills

The objective of this phase is to produce one or more alternatives to the current situation, which satisfy the strategic goals of the enterprise. The first step in this phase is benchmarking. “Benchmarking is the comparing of both the performance of the organization’s processes and the way those processes are conducted with those relevant peer organizations to obtain ideas for improvement[7].” The peer organizations need not be competitors or even from the same industry. Innovative practices can be adopted from anywhere, no matter what their source. Having identified the potential improvements to the existing processes, the development of. | Checking Your Farm Business Management Skills Purdue Extension West Lafayette IN 47907 Farm Business Management for the 21st Century Knowledge to Go Purdue Extension Checking Your Farm Business Management Skills ID-237 Checking Your Farm Business Management Skills 2 Michael Boehlje Craig Dobbins and Alan Miller Department of Agricultural Economics Janet Bechman Department of Consumer Sciences and Retailing Aadron Rausch Department of Child Development and Family Studies Purdue University Introduction Significant financial and economic stress is facing many farm families and a number of them are attempting to assess their potential to not just survive the current period of low prices and incomes but to be viable long-term participants in the agriculture of the future. This is a critical issue for Indiana farm families-will the business be positioned for long-run financial success after struggling through short-run financial stress The checklists in this publication can assist you in assessing whether you have the required skills. Given the profound changes in the agricultural industry and in the farming environment it is essential to honestly assess your managerial skills and capacities and to improve those skills if your assessment indicates that you come up short or are vulnerable. The successful farm business of the future will require not only the personal and business attitudes and skills that have contributed to that success in the past but new attitudes and skills as well. The assessment checklists included identify those attitudes and skills in four fundamental areas Production and operations management skills Financial management skills General business management skills and Personal attitudes and decision skills. The purpose of these assessment checklists is not to assess your chances of success . I will be successful because I ranked high on a particular checklist but to identify specific skill ability and attitude areas that are critical for future .