Developing The Competitiveness Of Small And Medium-Sized Enterprises (Smes) In Thailand

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Jetsalid Angsukanjanakul

Abstract

Small and medium-sized enterprises (SMEs) play a significant role in stimulating the economy. Thailand has approximately 99 percent of small and medium sized enterprises. Increasing competitiveness influences on the strength of SMEs. The objectives of this research were to study: 1) To study the competitiveness level of small and medium-sized enterprises 2) To study the influence of causal factors, government policy, financial support, entrepreneurial attributes, supply chain management and the competitiveness of small and medium-sized enterprises and 3) To present guidelines for improving the competitiveness of small and medium-sized enterprises in the Central Region. Thailand. This research employed a combination of quantitative and qualitative research methods. In quantitative research, systematic random sampling was used in this study. The sample included 320 entrepreneurs from Thailand's Central Region SME Federation. In qualitative research, in-depth interviews were conducted with 18 key informants, including six government and private sector executives related to SMEs, six province chairman of the Federation Thai SME Central region, and six entrepreneurs of the SMEs central region with business experiences at least 5 years. The results of the research showed that: 1) The level of the five factors studied consists of government policy. Financial Support Entrepreneurial Features Supply chain management and the competitiveness of SMEs are at a very high level in all 5 factors and 2) Effects of influence on public sector policy factors Financial Support Entrepreneurial attributes and supply chain management that affect the competitiveness of small and medium-sized enterprises Details are as follows: (2.1) Government policies directly affect the competitiveness of small and medium-sized enterprises


because most businesses, especially SMEs, are involved in government policies because the government needs to formulate policies related to SMEs to drive business (2.2) Financial Support It directly affects the competitiveness of small and medium-sized enterprises, as business operations are now more complicated, complex and competitive. Entrepreneurs need to take action to be able to lead the organization to achieve its intended goals. The success or failure of the business has financial factors involved (2.3) Entrepreneurial Features It directly affects the competitiveness of small and medium-sized enterprises, as entrepreneurs play a role and responsibility in managing the organization. Entrepreneurial attribute factors are one of the key factors driving the operation of the enterprise. To increase the competitiveness of SMEs, travel businesses and (2.4) Supply chain management directly affects the competitiveness of small and medium-sized enterprises, since supply chain management determines the success or failure factors of the enterprise. It is essential that entrepreneurs are aware of all the necessary elements of the supply chain and understand the impact that can affect the overall performance of the enterprise.

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