Principal Types of Uncertainty in Seafood Processing and Marketing

Prochaska, Fred J.

doi:10.1086/mre.1.1.42628842

Cited by 14 publications

(12 citation statements)

References 1 publication

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“…Variations caused by natural conditions are difficult -if not impossible to predict and control (Prochaska, 1984;Sutcliffe & Zaheer, 1998). For example, in some industries both the volume of supply of raw materials and the final product quality to a large extent depend on external factors, such as weather conditions.…”

Section: Environmental Uncertaintymentioning

confidence: 99%

“…The volume of raw material fluctuates significantly due to problems in managing commercial fish stocks and biological variation (Dreyer & Grønhaug, 2004). Uncertainty related to supply is the largest source of uncertainty in the processing sector, as both quantity, size of fish and quality may vary (Prochaska, 1984).…”

Section: Settingmentioning

confidence: 99%

“…However, if quality assessments are influenced by factors other than the product to be assessed, the classification of quality categories may be unstable. This is in particular relevant in commodity markets such as in the fishing industry where catch -and thus supply is uncertain (Prochaska, 1984).…”

Section: Introductionmentioning

confidence: 99%

See 2 more Smart Citations

Quality assessment in a turbulent environment: The case of the stockfish industry

Korneliussen

Pedersen

Grønhaug

2007

Industrial Marketing Management

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Section: Environmental Uncertaintymentioning

confidence: 99%

Section: Settingmentioning

confidence: 99%

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Quality assessment in a turbulent environment: The case of the stockfish industry

Korneliussen

Pedersen

Grønhaug

2007

Industrial Marketing Management

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“…In the advertising supplement, Managing Director Fridrik Sigurdsson was quoted as saying: 'We must have better control over conditions in the sea so that we can avoid this problem'. Uncertainty caused by natural conditions is, however, difficult -if not impossible -to take control of (see for example, Prochaska, 1984;Sutcliffe & Zaheer, 1998). Almost every mussel farmer in Norway faces problems associated with algae toxins.…”

Section: An Empirical Illustrationmentioning

confidence: 99%

Positive Illusions and New Venture Creation: Conceptual Issues and An Empirical Illustration

Ottesen¹,

Grønhaug

2005

Creativity & Inn Man

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This paper discusses the nature and role of positive illusions in the exploitation of new ideas and innovation leading to the development of new enterprises and industries. Positive illusions imply misperceptions of oneself and the environment that can lead to faulty investments and bankruptcies. However, without the optimistic misperceptions of one's own abilities and opportunities that positive illusions imply, little or nothing would happen. Thus, illusions that lead to initiative and commitment are crucial to create and exploit new innovations, even though venturing into new business areas always involves risk and potential failure. We discuss how entrepreneurs, public authorities, and the media might influence such illusions to stimulate innovative initiatives, as well as how entrepreneurs can adjust their misperceptions to avoid negative consequences without killing initiative. The paper is primarily conceptual and draws on insights from literatures such as cognitive psychology, strategy, management, and entrepreneurship. In our discussion we also utilise examples from blue mussel farming, which represents a potentially important innovation within the Norwegian aquaculture industry.

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“…This is a highly relevant concern because uncertainties of this nature may lead to inefficiencies in production and cause problems in satisfying the needs and wants of downstream customers by, for instance, limiting the product range of the firm, affecting the quality of the products offered, or disturbing the ability to deliver on schedule. Supply uncertainty is regarded as the greatest source of instability in the processing sector (Prochaska 1984). Yet, most research addressing supply uncertainty has been conducted from the viewpoint of the policymaker with the goal of optimal stock management (Bockstael 1984).…”

Section: Introductionmentioning

confidence: 99%

Primary Uncertainty in the Seafood Industry: An Exploratory Study of How Processing Firms Cope

Ottesen¹,

Grønhaug²

2003

Marine Resource Economics

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A key challenge to processing firms in the seafood industry is that they are exposed to a high degree of external uncertainty. Such uncertainty comes in several forms, but primary uncertainty due to more or less unpredictable changes in "states of nature" related to the supplies of raw materials, is particularly important. This paper explores how eight processing firms in the Norwegian seafood industry cope with primary uncertainty to secure timely and adequate supplies and compete effectively in their output markets. It was observed that different types of primary uncertainty are present, and that a wide range of different coping strategies exists. Different strategies are applied to cope with different types of uncertainties. Further, coping strategies are applied at the input, throughput, and output stages of firms' operations, indicating that supply uncertainty has a profound effect on processing firms' behavior.

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Principal Types of Uncertainty in Seafood Processing and Marketing

Cited by 14 publications

References 1 publication

Quality assessment in a turbulent environment: The case of the stockfish industry

Quality assessment in a turbulent environment: The case of the stockfish industry

Positive Illusions and New Venture Creation: Conceptual Issues and An Empirical Illustration

Primary Uncertainty in the Seafood Industry: An Exploratory Study of How Processing Firms Cope

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