Strategic Management and Sectoral Performance in The FoodIndustry: A Time-Series Econometric Study Using Elasticity-Based Modeling

Understanding the factors influencing strategic management in the food industry is vital for ‎effective planning and growth since it plays a direct and vital role in the economy of Uzbekistan. ‎Given the importance of these factors, I will describe research that I have undertaken to assess ‎factors that shape strategic management in Uzbekistan's food industry, using statistical models of ‎national data from 1999 to 2024 inclusive. Using the national data, I developed three ‎econometric models to assess business activity and food production developments in selected ‎key sectors, including meat and dairy. Overall, the research concluded that the number of ‎business registration processes was not significant for estimating the quantity of business, and ‎the formal costs of contract development were only marginally significant (p = 0.0676). In these ‎production models, a negative relationship between population size and meat production was ‎significant, while tax rates had a nonsignificant relationship with meat production (p = 0.1611). ‎The R² values for the food production models were greater than 0.99, indicating goodness of fit ‎, while there is potential for overfitting these models with so few observations (N = 26). The ‎business activity model showed a moderate explanatory power (R² = 0.716). The study ‎emphasizes the need for distinct strategic approaches to individual product segments and that ‎demographic and institutional factors influence food industry performance‎.