Strategic Decisions and Business Plans for Pork Production Operations (E2714)

Strategic Decisions and Business Plans for Pork Production Operations (E2714)

The Importance of Planning: Because of major changes in pork production, strategic planning and ability to implement the plan is critical to your future.

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The Importance of Planning

Because of major changes in pork production, strategic planning and ability to implement the plan is critical to your future. Having a clear understanding of the strengths and weaknesses of your farm and the business environment allows you to match the strengths of your enterprise with available opportunities. The fast changing global food market, along with the shifting structure of U.S. agriculture makes it essential to examine these factors. Strategic planning focuses largely on managing the interaction of your pork production business with competitors, neighbors, government agencies, suppliers, customers, various interest groups, and multiple other factors. The business plan is a succinct document that incorporates the components of strategy and mission into a detailed blueprint with regard to external environments, internal characteristics, and financing. One planning document could include overall strategic direction as well as the detailed business aspects. Some people prefer to have two documents, keeping the “big picture” separate from the detail of running the operation. The important thing is to know where you want to go and to have an idea of how to get there.

 

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