Abstract

Both ADM (Archer Daniels Midland Company of USA) and Beidahuang play important role in domestic and international food markets, which are representatives of successful agribusiness. Their business transitions and operational models indicate a trend for future development. Furthermore, the development process of ADM can be an excellent example for Chinese food firms such as Beidahuang, which are carrying out the strategy of whole industry chain. As the global economy becomes more integrated, Chinese agribusiness has to compete with large-scale multinational enterprises (such as ADM) at home and abroad. Possibly, ADM may become the partner of Beidahuang. Since large-scale multinational agricultural companies are essential to promote China's economy, it is meaningful to complete a comparison between ADM and Beidahuang. This research analyzed the external environment and industrial characteristics of ADM and Beidahuang, compared operation model of the two companies, which included seven elements: position in the industry chain, profit source, business combination, synergy or alliance, periodical transition, strategic layout, and risk management. At the end of this paper, it put forward some suggestions on how to implement the agribusiness in China and how to upgrade the core competency of the Chinese grain companies．