Resource Complementarity,Value Creation And Agricultural Industrialization Consortium Stability

With the continuous development of the market economy,it is difficult for a single business entity to adapt to the changing market environment.New types of agricultural business entities are gradually becoming united,and many agricultural organization models have emerged.Among them,the agricultural industrialization consortium is currently the most cutting-edge.Compared with agricultural organization models such as "enterprise +farmer households",they have the characteristics of more sufficient flow of production factors and clearer internal division of labor,which effectively make up for the deficiencies of existing agricultural organization models in terms of resource allocation and transaction efficiency.There are still problems,and the essence of the problem is that there is insufficient stability.In the study of alliance stability,resource complementarity is undoubtedly the most critical,considered to be the most important factor in the value creation stage,and the basis for the stable development of the alliance.The consortium is still in the stage of value creation,so the value creation of the consortium is another focus of this paper.Although existing research supports the important impact of resource complementarity and value creation on stability,consortiums are emerging and have characteristics that are different from traditional strategic alliances,such as vertical division of labor and horizontal scale expansion,and resource complementarity has not yet been clarified in the theoretical circles.The impact mechanism of sex and value creation on the stability of the consortium.How does resource complementarity affect coalition stability? How does value creation affect consortium stability? Can resource complementarity promote the value creation of the consortium? What role does value creation play in the impact of resource complementarity on the stability of consortiums?These issues still need further analysis in combination with specific situations.On the basis of combing the literature and defining related concepts,this paper preliminarily clarifies the theoretical logic of the impact of resource complementarity and value creation on the stability of the consortium,and builds a theoretical analysis model based on the relational rent theory,which divides consortium value creation into core values Creation,relational value creation,and strategic value creation are three dimensions,and a research hypothesis on the mechanism of influence among variables is put forward;information is collected through interviews,and qualitative analysis is used to summarize the actual practices and values of consortium resource complementarity-value creation-stability Learned experience;collect data through questionnaire survey,collect questionnaire data from 370 consortium member units in total,use structural equation model to study the impact of resource complementarity and value creation on the stability of the consortium,and verify various research hypotheses.The research results show that:(1)Resource complementarity is the key to strengthening the exclusive resource dependence among members,constructing the management order,and promoting the stable development of the consortium.Empirical evidence shows that the higher the degree of resource complementarity,the more stable the consortium;qualitative analysis shows that the consortium absorbs a variety of member units with heterogeneous resources,builds multi-level,cross-field cooperative relations,and forms a dependence on exclusive resources.With the help of articles of association,contracts,product standards,etc.,the compatibility and coordination of heterogeneous resources can be realized.(2)Value creation is formed by members crossing organizational boundaries,cooperating,exchanging and jointly developing unique resources,which is the main reason for the stable development of the consortium.The empirical results show that the higher the degree of core value creation,relational value creation and strategic value,the more stable the consortium is;The selling price of products increases the creation of economic benefits;the supply and service sources are stabilized by order contracts and other modes,and the business volume is guaranteed;relationship value creation is a higher level of value creation of the consortium.By transferring part of the interests,the complementary Resources are embedded in the resources and practices of the consortium to improve the consistency of member behaviors,and then realize the creation of relationship value;strategic value creation is the highest level of value creation in the consortium.By optimizing the quality of the industry,new industrial forms are born and innovations are created.Value;with membership,access to various conveniences and realize network value creation;by enriching transaction methods,form market integration and realize transaction value creation.(3)Resource complementarity is the premise for the key resources of members to be embedded in the conventional practices and procedures of the consortium to form excess profits and build an industrial ecology.Empirical research shows that a high level of resource complementarity can effectively enhance the core value creation,relationship value creation and strategic value creation of the consortium;qualitative analysis shows that resource complementarity is the prerequisite for the consortium to create excess profits.Healthy competition,timely adjustment of the coupling structure among members,etc.,form a complementary relationship and help the creation of excess profits;through resource complementarity,reduce competition among members,realize symbiosis,mutual growth and regeneration of elements,and boost knowledge,market information,and technology,Brand and other key resources are embedded in the conventional practices and procedures among business entities to form a good industrial ecology.(4)On the premise of complementary member resources,the consortium promotes the long-term and stable development of the consortium with the help of the intermediary role of core value,relationship value and strategic value creation.Empirical research and qualitative analysis show that resource complementarity affects consortium stability through core value creation,relational value creation,and strategic value creation,and value creation is the intermediary of resource complementarity affecting consortium stability.According to the research results,the following countermeasures and suggestions can be drawn:(1)Introduce multiple business entities and increase resource complementarity.(2)Improve the mechanism of linking interests and strengthen the creation of core value.(3)Promote members’ mutual assistance and service,and promote the creation of relationship value.(4)Deepen the cooperative relationship among members and facilitate the creation of strategic value.