ISSN : 2663-2187

The Role of Innovation, Business Administration, and Proper Governance in Food and Agriculture Sector

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Dr. Roopashree R, Dr. Madhu Prakash Srivastava, Garima khashpuria, Shaikh Adil, Dr. Raman Batra, Mr. Aishwary Awasthi
» doi: 10.33472/AFJBS.6.4.2024.56-64

Abstract

The industry of food and agricultural is vital to maintaining human life, guaranteeing food protection, and promoting global economic growth. In recent times, the industry has faced numerous challenges, including population growth, climate change, resource depletion, and increasing demand for sustainable practices. To address these challenges and unlock its full potential, the sector requires a transformative approach that embraces innovation, effective business administration, and proper governance. Innovation stands at the forefront of enhancing productivity, sustainability, and resilience in the food and agriculture sector. The integration of cutting-edge technologies such as precision agriculture, drones, and advanced genetics has the potential to revolutionize farming practices. Furthermore, the development of novel food products and processing techniques can cater to evolving consumer preferences while minimizing waste and environmental impact. Innovations that improve post-harvest handling, distribution, and storage can significantly reduce food losses and ensure a stable food supply chain. Business administration plays a crucial role in fostering growth and stability within the sector. Efficient supply chain management, streamlined logistics, and optimized production processes can lead to increased profitability and reduced costs. Effective marketing and branding strategies can also create awareness of sustainable agricultural practices and drive consumer preferences towards environmentally responsible products.

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