Resources based factors of competitiveness of agricultural enterprises

Abstract

Among many different definitions of competitiveness it is difficult to pinpoint the most appropriate one. In the paper it was defined as the ability to be profitable by effective use of available resources. The profitability ratios (ROS, ROA, ROE and value index) were proposed as measures of competitiveness and resources were indicated as one of the group of factors that has an impact on it. Precisely, the purpose of the paper was to examine the relationship between selected resourced based factors and competitiveness of agricultural enterprises. The study was done with the use of correlation analysis on the basis of statistical data on selected Polish companies operating in agriculture. The main finding was that the analyzed resources (the level of labour, size and quality of agricultural land and size of assets) were weakly correlated with competitiveness. This observation means that other factors have stronger impact on agricultural company’s competitiveness. They can refer to intangible resources (such as relational capital, know-how, managerial competencies, technological resources etc.) and external conditions (such as climate, legal issues) of agricultural enterprises.