An Innovative Management Model to Enhance the Competitive Potential for Entrepreneurs in Bangkok, Thailand
Abstract
The purposes of this research were to study and analyze the factors of innovative management model to enhance the potential competitiveness for entrepreneurs in Bangkok. The sample group included 384 entrepreneurs in Bangkok by utilizing multi-stage sampling method. Data analysis and data description were performed by using frequency, mean, Pearson analysis, and Path analysis. The validity of the questionnaire was conducted by using the Index of Item-Objective Congruence (IOC) and obtained the value of 0.86 whereas the reliability was conducted to obtain the 0.96 Cronbach's Alpha Coefficient and the Confirm Factor Analysis was performed to analyze the data.
The findings revealed that the model to enhance the potential competitiveness for entrepreneurs had four categories and sixteen factors.All factors were statistically significant at .01 () and had a value between 0.86-0.98 while each variable had R2 in between 0.73-0.95. In addition, the caused factors influenced the model according to the empirical data (x2=142.76, df=99, x2df=1.44, GFI=0.96, AGFI=0.94, RMSEA=0.034).
The findings from this study showed that if the entrepreneurs aimed to be successful and had high competitive potentials, there was a need to have vital innovative factors and management techniques to enhance the effectiveness and efficiency of the tasks. In other words, if the innovative factors increased together with factors of success, that would result in the increasing of potential competitiveness of entrepreneurs in Bangkok.
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