Strategic Options Research Articles

Review on Ethiopia’s Global Position in Meat Production and Export: Analysis of Sectoral Opportunities and Challenges

Meat and other slaughter by-products being exportable food items have been contributing to the foreign export earnings and GDP growth of Ethiopia since the beginning of meat processing. Even though the country is blessed with huge livestock resources, the share of meat and other slaughter by-products exported from the overall export commodities is not more than 2% and the per capita meat consumption is below the average of Sub-Sahara African countries. This study was therefore, implemented to review the potentials and tradeoffs of meat production, processing and marketing in Ethiopia and seeking strategic intervention options to unleash the potentials after reviewing the available national and international resource materials. The study therefore indicated that, as opposed to Ethiopia’s strategic location to market and sound climatic condition, the country is not benefiting from the huge livestock resources due to knowledge gap; limited compliance to meet the international requirements including food safety standards like ISO, GMP and HACCP; limited promotion done in marketing; limited intra-Africa trade integration; poor linkage among stakeholders; few market outlets and other interlinked problems. On top of these meat consumption trends is almost stagnant and the calorie intake per capita from meat is in a declining state. Therefore, policy support in terms of diverse incentive mechanisms; encouraging more research and development work so as to benefit smallholder farmers, pastoralists and processors and the need for traceability and residue monitoring, market promotion and conducting benchmarking and twinning programs are some of the measures to be taken in order to be competitive in the global market. Better business communication with potential buyers and back and forth linkage with stakeholders along the value chain is also very important for the transformation of the sector from the current staggering stage to globally competitive agribusiness. Key w ords: Meat, Export, Production, opportunity, Challenge DOI: 10.7176/FSQM/114-03 Publication date: April 30 th 2022

Выбор оптимальной стратегии организации помощи больным с неоперабельными формами гепатоцеллюлярного рака на примере Московской области

Introduction: despite quite low morbidity with up to 6 thousand cases per year in Russia, therapy for unresectable liver tumors is based on costly therapy with tyrosine kinase inhibitors or anti-PD‑1L agents thus leading to extremely high costs per life year saved. In the meantime, transaterial radioembolization (TARE)technique is reported to show better outcomes in this patient group compared to conservative treatment and transarterial chemotherapy (TACT). This article researches strategic options for regionwide treatment programs focused on involving TARE in unresectable liver tumors treatment. Methodology. Epidemiological data provided by national cancer report. Systematic review of literature (not meeting PRISMA criteria) was done for TARE vs. TACT and TARE vs. conservative treatment overall survival. Treatment costs were based on current governmental treatment tariffs for Moscow region. Only direct oncology costs were included without possible complications analysis. The final analysis was done for optimistic, pessimistic and moderate expected numbers of patients eligble for TARE. Results. Optimal treatment strategy implies maximum allowable rate of TARE with patients concentration in selected hospitals. For Moscow region (population of 7,6 million people) estimated yearly benefit of this strategy is 309,3 RUB (USD3,4 million USD) and 284 life years saved based on moderate prognosis.

The importance of nanotechnology for the development of the Algerian economy: a SWOT analysis

Purpose. The purpose of this study is to analyzing the environment of nanotechnology, and it uses in the Algerian economy, and determining strategies for developing nanotechnology in Algeria as a strategic option for economic diversification based on the results of this analysis.
 Results. The study showed that there is an overall growth in the market share of nanotechnology, while in Algeria there is dynamism in this industry, but it is slow. The results of the study analyzing the environment for the application of nanotechnology in the Algerian economy have proven that there are strengths specific to the economy of this country in terms of the existence of energy, agricultural, water and human resources. These strengths were accompanied by opportunities linked to the large size of the Algerian market, and to the strategic geographical location of Algeria with the availability of major infrastructures. On the other hand, the application environment of this technology has weaknesses, most of which are related to organizational and management problems and technological backwardness. Four strategies have been proposed for the successful application of nanotechnology in order to develop the Algerian economy on the medium and long horizon.
 Scientific novelty. The scientific novelty of the results obtained is the treatment and the study of the possibilities of development of the Algerian economy by approaching the theme of nanotechnology as a source of economic diversification in Algeria. A strategic diagnosis of the environment for the application of this technology in the development of the Algerian economy, giving strategic solutions based on the results of this diagnosis.
 Practical value. The SWOT analysis approach has become a modern strategic analysis approach to diagnosing the environment of any important subject. In our study, the SWOT approach allowed building a clear conception of the application environment of nanotechnology as a source of economic diversification. The proposed SWOT matrix strategies can be considered as mechanisms used by decision makers in order to achieve the success of the application of nanotechnology as a source of economic diversification in Algeria.

New venture internationalization and performance: the role of founding team and alliances

Internationalization is an important strategic option for new ventures by providing growth opportunities. This study firstly examines how founding team, alliances and license strategy influence new venture internationalization, and then explores whether new venture internationalization affects its performance. Using panel data of 4,928 new ventures between 2007 and 2009 from the Kauffman Firm Survey, the study finds that the number of active founders and foreign founders, alliances with university and other firms, and license-out strategy are positively related to new venture internationalization. More importantly, it is found that new venture internationalization helps increase revenues. This finding advances a better understanding of why many new ventures go international in their early stage though facing various resource constraints.

Recovery of Household Consumption as Accelerator of Economic Recovery in East Java: Empirical Study and Macro Policy Strategies

The Covid-19 pandemic has harmed the economy in East Java. Households with the largest share of RGDP also experienced sluggish demand, which impacted the economic decline in East Java of more than eight trillion rupiahs. Economic recovery efforts through household consumption recovery are one of the strategic options to accelerate general economic recovery. Therefore, this study was conducted on RGDP data for household expenditure groups in all districts/cities in East Java during the 2016-2020 period using a panel regression analysis approach. The variables used include household consumption GRDP growth, inflation, regional poverty profile, percentage of internet users for online shopping, and the realization of social spending per capita of the poor. The findings of this study indicate that household consumption in East Java is classified as inelastic to price changes. It is due to the dominance of food consumption and controlled inflation. Meanwhile, the regional poverty profile has a negative impact on the recovery of household consumption. It shows that districts/cities with a high percentage of poor people tend to be more difficult to recover. Furthermore, the digitalization of the economy through e-commerce has not yet had a significant effect on the recovery of household consumption. It is due to the low use of the internet for online shopping among the population. The realization of social assistance per capita has a positive effect in encouraging the recovery of household consumption, although the contribution given is relatively small. It is caused by the low social assistance received compared to the loss of income experienced by the community. As a follow-up, there are four policies that the government can take to encourage the recovery of household consumption, including the sustainability of food price stabilization policies, increased penetration and digital education for MSMEs and the public, a combination of massive and comprehensive poverty alleviation policies, and synchronization of fiscal policy between government level.

The Caribbean cruise industry and COVID-19: what planned strategic options exist for recovery for small island countries?

PurposeThe aim of the paper is to examine the impacts of the coronavirus disease-2019 (COVID-19) pandemic on the Caribbean cruise industry and assess the post-pandemic prospects for recovery.Design/methodology/approachThe study used a qualitative approach applied through personal interviews as well as data from secondary sources.FindingsThe prospects for the post-pandemic cruise industry reveal the need for long-term plans and strategies from Caribbean countries if the countries are to remain viable.Research limitations/implicationsThe research was limited to Jamaica, St. Lucia and Antigua and Barbuda. The scope could have been broadened to include other Caribbean islands such as Barbados.Practical implicationsThe study is practical and useful to tourism practitioners and governments seeking to create a balance between reaping the benefits of cruise tourism and safeguarding its citizens.Social implicationsThe pandemic has caused a re-examination of how people interact.Originality/valueThe study adds to the body of literature on the post-pandemic survival of the Caribbean cruise industry and provides a useful briefing for practitioners.

Market success through recycling programs: Strategic options, consumer reactions, and contingency factors

Environmental problems caused by waste are drawing growing concern worldwide. Such waste problems are even worse in many emerging markets, where waste is frequently mismanaged and thus causes significant environmental problems. To alleviate such waste problems and address stakeholders' growing environmental concerns, firms have launched recycling programs as one specific corporate social responsibility initiative. While past studies examine recycling programs from a technical perspective, very little research investigates the marketing benefits of such programs. This study draws on signaling theory to develop hypotheses about how firms can strategically design and market a recycling program to trigger positive consumer reactions. Using hierarchical linear modeling of survey data on mobile phone recycling programs across multiple brands, it finds that multiple strategic options of a recycling program (i.e., a product buyback program, product recycling convenience, and packaging recycling) differentially influence consumers’ brand attitudes, which consequently affect brand loyalty. Furthermore, an analysis of contingency factors (i.e., brand switching risk, public self-consciousness) suggests that a product recycling program affects brand attitudes only when the brand switching risk is low, and that packaging recycling affects brand attitudes more for consumers with higher public self-consciousness.

PERFORMANCE THROUGH INTERNATIONALIZATION AS A STRATEGIC OPTION FOR SMES

Internationalization is often considered a strategic option for SMEs, but a large part of small firms’ contribution to internationalization is not reflected in statistics, as many of them participate indirectly in the global economy as suppliers of exporting firms. The export-oriented model of SMEs seems to follow the general strategic choices, most SMEs do not export at all, and most exporting SMEs are regular companies. The literature mentions a number of characteristics that distinguish companies that are likely to export such as group membership, consistent expertise, size, rapid growth and innovation orientation, production experience or collaborations in production and distribution. At the European Union level, the recognition of the role of internationalization in increasing the performance of SMEs and the performance of the economy as a whole is complemented by extensive support measures, which prove both their direct role (volume of exports and imports, degree of international cooperation, profitability, turnover, competitiveness) but also their indirect role, to train young companies, dynamic in the world economic circuit.

Dapagliflozin plus exenatide on patients with type 2 diabetes awaiting bariatric surgery in the DEXBASU study

The glucagon-like peptide-1 receptor agonist family together with the renal sodium/glucose cotransporter-2 inhibitors have garnered interest as potential therapeutic agents for subjects with type 2 diabetes and obesity. In these patients, bariatric surgery is indicated based in a BMI ≥ 35 kg/m2. A 24-week non-blinded, randomized pilot study to assess the efficacy of subcutaneous exenatide 2.0 mg once weekly plus oral dapagliflozin 10 mg once daily (Group A) compared to a control group (Group B) in 56 patients with type 2 diabetes awaiting bariatric surgery was conducted (EudraCTid.: 2017-001,454-33). Both groups received an energy-deficit low-fat diet. The primary endpoint was the proportion of patients running off the criteria for bariatric surgery at the end of the follow-up period (BMI ≤ 35.0 kg/m2 or a BMI ≤ 40.0 kg/m2 plus an HbA1c ≤ 6.0%). Changes in the BMI were also of interest. The proportion of patients who ran off the criteria for bariatric surgery was larger in Group A than in the control group (45.8% vs. 12.0%, p = 0.010). Participants in Group A exhibited an absolute decrease in body weight and BMI of 8.1 kg (95%IC: − 11.0 to − 5.2) and 3.3 kg/m2 (95%IC: − 4.5 to − 2.2), respectively (p < 0.001 for both in comparison with Group B). A higher percentage of participants in Group A reached a BMI < 35 kg/m2 (45.8 vs 12.0%) and lost > 10% of their initial body weight (20.8 vs 0%) compared to Group B. The combination of exenatide plus dapagliflozin appears as a strategic option to reduce the waiting list for bariatric surgery, especially in those patients with type 2 diabetes.

Towards a general framework for innovation shaped with AI to create and transform market offerings

Our research focuses on early‐stages of innovation, especially in the Biotech and Pharmaceutical industry, wherein the business research is still hit‐and‐miss, mainly based on trial and error and experimentation. We leverage the story of a high‐growth startup, building and expanding on behavioral economics that examines the relationships between science and innovation, especially dynamic capabilities and related problemistic search and strategic options generation. A general framework for innovation shaped with both narrow and general AI (advanced data analytics, intelligent algorithms, etc.) is proposed to create and transform market offerings, hybridize domains heretofore dissociated and build organizational fit with prior and novel core elements. For firms, it can be exploitable as a competitive advantage, making it possible to efficiently anticipate, hence adapt to the most general types of change in representation or taking place in the environment.

Evaluation of the Efficiency of the Economic Performance of the Mass Iron and Steel Industry Company in Iraq for the Duration (2016-2019)

The economic performance efficiency evaluation is one of the main factors on which the success of any economic unit depends to reach to high levels of efficiency in utilization of economic resources. Accordingly, the study presented two frameworks, one of them is conceptual and the other is applied for evaluating the performance of the Mass Company for the Iron and Steel Industry and how to enhance it in light of the available strategic options and alternatives.&#x0D; Studies related to the industrial sector are of great importance to economic researchers in developed and developing countries as it is an important aspect in scientific progress and economic and social development. There are also great efforts in most developing countries to increase the contribution of this sector, especially its contribution to the national and gross domestic products. In addition to that there is a potential for developing and preparing it to make its contribution larger among the economic sectors due to the potentials this sector has to attract and internalize modern technologies, which will increase productivity level, thus contributing to the achievement of economic growth, not to mention that the development of this sector contributes to the creation of new jobs, development of technical capabilities of workers within, while establishing a technical base for the country at the same time.&#x0D; The iron industry is one of the important indstries due to its multiple uses and the growing demand for it over time. Based on the foregoing, this study came to shed light on the reality of the economic performance of the Mass Iron and Steel Company for the purpose of shedding light on strengths and weaknesses, identifying deviations and finding possible solutions .one of the most important findings of the research is that total productivity (0.064 ) dinars in 2016 rose to(0.083) dinars in 2017 due to a higher value of production than the proportion of production elements that year.while the total productivity in 2018 (0.093) dinars and in 2019 (0.130) dinars, due to the high value of production. we conclude from this that the increase in the value of production under the stability or increase of costs by a lower percentage will be reflected in the increase in production.from the foregoing it can be said that total productivity was continuously increasing the length of the search, and the added value fluctuated during the research period due to fluctuating production.

A benefit cost analysis of strategic and operational management options for water management in hyper-arid southern Peru

This paper presents findings from a stochastic benefit-cost analysis (BCA) using Monte Carlo simulations to estimate the probable values for net benefit and benefit cost ratio for a series of proposed strategic and operational water management options under climate change and socioeconomic development. The study is performed in the Tacna region in southern Peru, geographically within the Atacama Desert and under prevailing water scarcity conditions. We examined the benefits and costs to four main water users: urban, agriculture, mining and the environment over a 30-year time horizon. The main scenarios under consideration include reduced water demand from improved water use efficiency in the urban and agriculture sector, and investment in water supply infrastructure including inter-basin infrastructure and dams, a desalination plant, and increased groundwater extraction. Our findings suggest that implementation of demand-side management strategies, which in this instance is investment in water use efficiency technology and water conservation measures result in more favourable net benefit outcomes than investment in water supply infrastructures. The primary outcome of this study is to help the Regional Government of Tacna, Peruvian water authorities and water users, make more informed decisions about water investment options going forward, thereby supporting regional development opportunities.

Loan to value ratio and housing loan default – evidence from microdata in India

PurposeThis study aims to investigate the factors that drive housing loan default in India based on unique micro-level data drawn from a public sector bank's credit files with a national presence in India. The authors address endogeneity in the loan to value ratio (LTV) while deciphering the drivers of default.Design/methodology/approachThe study uses a probit regression approach to analyze the relationship between the probability of default and the explanatory variables. The authors introduce two instrumental variables to address the issue of endogeneity. The authors also add state-level demographic and several other control variables, including an indicator variable that captures the recent regulatory change. The authors’ analysis is based on 102,327 housing loans originated by the bank between January 2001 and December 2017.FindingsThe authors find that addressing the endogeneity issue is essential to specify default drivers, especially LTV, correctly. The nature of employment, gender, socio-religious category and age have a distinct bearing on housing loan defaults. Apart from the LTV ratio, the other key determinants of default are the interest rate, frequency of repayment, prepayment options and the loan period. The findings suggest that the population classification of branch location plays a significant role in loan default. The authors find that an increase in per capita income and an increase in the number of employed people in the state, which reflects borrowers' ability to pay by borrowers, reduce the probability of default. The change in the regulatory classification of loan assets by the Reserve Bank of India did not bear the main results.Research limitations/implicationsThe non-availability of the house price index in analyzing the default dynamics in the Indian housing finance market for the period covered under the study has constrained our analysis. The applicability of the equity theory of default, strategic default, borrowers' characteristics and personality traits are potential research areas in the Indian housing finance market.Practical implicationsThe study's findings are expected to provide valuable inputs to the banks and the housing finance companies to explore and formulate appropriate strategic options in lending to this sector. It has highlighted various vistas of tailor-making housing loan product offerings by the commercial banks to ensure and steady and healthy growth of their loan portfolio. It has also highlighted the regulatory and policy underpinnings to ensure the healthy growth of the Indian housing finance market.Originality/valueThe study provides a fresh perspective on the default drivers in the Indian housing finance market based on micro-level data. In our analysis, the authors find clear evidence of endogeneity in LTV and argue that any attempts to decipher the default drivers of housing loans without addressing the issue of endogeneity may lead to faulty interpretation. Therefore, this study is unique in recognizing endogeneity and has gone deeper in identifying the default drivers in the Indian housing market not addressed by earlier papers on the Indian housing market. The authors also control for the regulatory changes in the Indian housing finance market and include state-level control variables like per capita GDP and the number of workers per thousand to capture the borrowers' ability to pay characteristics.

Digital at the edge – antecedents and performance effects of boundary resource deployment

With business ecosystems digitalizing by the force of digital innovation, the deployment of boundary resources (such as application programming interfaces: APIs) becomes a strategic option across contexts. We distinguish between boundary resources that provide access openness and those that provide resource openness, and theorize the antecedents and consequences of their deployment. Employing panel data regressions to a longitudinal cross-industry dataset, we find that the digital knowledge base of the focal firm and the existence of potential digital complementors drive boundary resource deployment. Such deployment benefits firm performance depending on the firm’s market power. From our empirical analysis, we reveal a differentiated perspective on the quality of the confined openness provided by boundary resources as well as the embeddedness of their deployment in the rationales and motivations of the associated actors in digital business ecosystems. We complement the existent theoretical framework on boundary resources and provide valuable insights to managers reflecting about deploying boundary resources in a beneficial way.

IMPLEMENTASI LEAN STARTUP PADA STRATEGI PENGEMBANGAN PRODUK STARTUP DIGITAL BERBASIS WEBSITE BIDANG EDUCATION TECHNOLOGY

Advancements in digital technology have made digital startups in fintech, e-commerce, ride hailing, and edtech successful in solving many problems. The value of Indonesia’s digital economy is predicted to reach USD 133 billion in 2025, a highly contributive value for the state’s economy. Lesat is a digital startup in capital market investment education for Indonesians. As a newly established company, it tries to develop their products and services in order to survive in the business competition. The objective of this research is to validate ideas, create prototypes, and implement development strategy to attain product market fit. Here a qualitative descriptive method was used to process data obtained from interviews, surveys, and documentation. Using Javelin Board and SWOT Matrix, this research is able to validate ideas, creating website prototypes and informative contents in Instagram, valuating the prototypes, creating strategic options with the focus on products, services, and marketing in form of UI/UX quality enhancement, developing features and services in the website, and planning effective and efficient digital marketing.

Analysis of Digital Optimization Strategy at Al Eiman Royal Hotel Madinah during Pandemic

This research aims to analyze digital optimization Al Eiman Royal hotel, to analyze decision-making efforts are to deal with problems that arise during the pandemic. It also to see the digital optimization strategy carried out by hotels in Madinah during the pandemic. Data analysis source by searching, collecting data by conducting observations and interviews and then making conclusions so that they are easy to understand. The interview technique that will be used is a structured interview. The various data obtained are then processed and analyzed using the IFE (Internal Factor Evaluation), EFE (External Factor Evaluation), TOWS Matrix, and IE Matrix to conclude the strategies that have been carried out and inputs that can be used by Al Eiman Royal Hotel as a reference for optimizing the implementation of digital strategies during the pandemic. According to the research result, the IFE and EFE matrix with a total weight of 3.45 for IFE and 2.51 for EFE puts the hotel is in a Growth Stability position with a strategy to keep and maintain the existing market while being able to develop with new types of services also can formulate strategic options for hotel directions using the TOWS matrix.

Developing some Strategic Options to Remedy Organizational Derailment

The study deals with strategic options as an independent variable through the option of self-awareness, executive training, feedback, leadership training, and organizational derailment as a dependent variable through its interpersonal problems, difficulty in team leadership, difficulty of change or adaptation and failure to achieve objectives. The study is to conduct in the Department of Health of Najaf. The study community consists of two hundred and thirty employees. The researcher relies on questionnaire form as a tool for data collection. Hundred and sixty questionnaires are distributed and hundred thirty three answers are retrieved for analysis. The sample in the population was represented by (58%). The research includes two hypotheses to test correlation and impact relationship. The statistical program (SPSS.V.20) is used to analyze the results, and the research comes to accept all hypotheses and concludes that the organization's awareness of the importance of strategic options and its role in remedy remedy many negative situations have a clear effect in reducing negative derailment. However, not achieving the objective required by the organization investigated due to non-interaction with its external environment. The research also recommends the need to adopt clear and valid strategies for achieving the objectives set, and this is by moving away from the development of plans away from reality and the use of skills and capabilities with the potential to develop solutions and address causes.

Analysis of the Effect of Rural Tourism in Promoting Farmers’ Income and Its Influencing Factors–Based on Survey Data from Hanzhong in Southern Shaanxi

Five years after the implementation of the tourism precision poverty alleviation strategy, how effective it has been in alleviating poverty remains to be tested. This study, through a study of 241 farm households in 10 national tourism poverty alleviation key villages in the Qinba Mountain region of Hanzhong, southern Shaanxi, finds that rural tourism has contributed to a general increase in farm household income, but the effect of income increase varies significantly between households that have escaped poverty and non-poor households, and there is no significant difference in income between those who participate in tourism and those who do not. The study concludes that the poverty-reducing effects of tourism are conditional, with the poor quality of human capital being the main obstacle to farm households’ income growth, the institutional mechanism for tourism participation is inadequate, effective farm household tourism participation is significantly low, and non-farm work constitutes a substitute for farm households’ tourism livelihood options. The primary stage tourism scenic spots have a limited role in driving the income of farming households, and the geographical location limits the effective participation of farming households. Accordingly, the following countermeasures are proposed: (1) in terms of strategic decision-making options, establish a screening mechanism for tourism participation in poverty alleviation and implement diversified poverty governance; (2) in terms of tourism development strategies, encourage the integration of multiple industries and synergistic development, realize the two-way interaction of “+ tourism” and “tourism +”; (3) in terms of development methods, adhere to the participatory development path, improve the institutional mechanism for tourism participation, stimulate the endogenous motivation of farmers, and explore the dynamic participation path of “bottom-up”. (4) In the development of endogenous power, strengthen skills training, improve the comprehensive quality of farmers and their participation level and ability; (5) In the coordination and protection, play the coordinating and leading role of grass-roots party building, and continuously cultivate and strengthen tourism cooperative organizations.

MODERN ECOLOGICAL AND ECONOMIC PROJECTS OF TRANSFORMATION OF COAL MINING REGIONS IN THE WORLD

Given the environmental issues of coal mining regions and the transition to alternative fuels, the issue of transformation of mining regions is relevant. Coal mining regions affect not only landscape change, but also emissions of gases, including carbon dioxide. Coal combustion is considered to be one of the main causes of the release of large amounts of CO2 into the atmosphere, which causes the greenhouse effect and, consequently, global warming. Therefore, it is in Western Europe, where the idea of climate protection enjoys widespread public support, that various specific measures are being taken to accelerate the abandonment of coal.&#x0D; The greatest successes in the transformation of coal mining enterprises have been achieved in Germany, Great Britain, America, Canada, Poland and other European countries. In most countries, the transformation of coal mining enterprises takes place in two main directions: the creation of individual enterprises (business projects) or technology parks. Although the process of structural change and the abandonment of coal have their differences in each country and region, Germany's experience has identified major challenges and shaped strategic options for structural change in mining regions. The considered ecological and economic projects in other countries have an opportunity to be realized also at our coal mining enterprises.

Exploring Key Growth Drivers and Strategies for Enhancing Performance of Indian Food Tech Startups

The startup food tech business is a promising option due to its massive size and high repeat ordering behavior, besides the high margins emanating from it. Thus, to remain competitive and factor sustainability, the sector needs to revisit strategies, more so post 2019 due to the challenges posed by the COVID-19 pandemic. It is time to focus on the adoption of strategic options for improving the performance of startup food tech platforms while taking cognizance of various critical growth drivers. This paper explored the key growth drivers and challenges startup food tech platforms face and suggested strategies for enhancing their performance. The empirical study was undertaken using a fully structured questionnaire to collect data from the delivery staff of startup food tech platforms in seven major cities in India. The primary data thus collected was used for the descriptive analysis based on the respondents' demographic information. Confirmatory factor analysis (CFA) was carried out to support construct validation to assess the validity of the survey items based on the overall fitness of the model. Structural equation modeling (SEM) was used to test the hypothesized relationships between latent factors. The key growth drivers and their corresponding impact on other variables were worked out. This study recommended innovative strategies that can make the food delivery business more successful. The finding revealed that the key growth drivers included personalization &amp; focused marketing, quality assurance, extended convenience, and value to consumers, and their corresponding strategies were reconnoitered. The paper would aid the concerned food tech sector further develop and implement strategic options for enhancing its business performance