Factors Affecting the Competitive Advantages and Performance of Thai Construction Industry Organizations

Main Article Content

Nuttsuporn Somna

Abstract

     This research aims to develop a conceptual framework. Factors Affecting the Competitive Advantages and Performance of Thai Construction Industry Organizations Researchers used the review of research papers and the relationship between variables to confirm the conceptual framework.
     Research findings.
     1) Human resource management, Transformational Leadership and innovation management directly affect the competitive advantage of Thailand's construction industry
     2) Human resource management, Transformational Leadership and innovation management indirectly affect the performance of the construction industry. Competitive advantage will directly affect the performance of Thailand's construction industry.


Article history: Received 8 March 2023
                          Revised 16 April 2023
                          Accepted 17 April 2023
                          SIMILARITY INDEX = 0.89 %

Article Details

How to Cite
Somna, N. (2023). Factors Affecting the Competitive Advantages and Performance of Thai Construction Industry Organizations. Journal of Management Science Nakhon Pathom Rajabhat University, 10(1), 107–122. https://doi.org/10.14456/jmsnpru.2023.9 (Original work published June 30, 2023)
Section
Research Articles

References

Abidin, N. Z., Adros, N. A., and Hassan, H. (2014). Competitive strategy and performance of quantity surveying firms in Malaysia. Journal of Construction in developing countries, 19(2), 15-32.

Bass, B. M. (1985). Leadership and performance beyond expectations: Collier Macmillan.

Bass, B. M., and Avolio, B. J. (1994). Improve organizational effectiveness through leadership. London: Sage.

Bass, B. M., and Riggio, R. E. (2006). Transformational Leadership. Mahwah, NJ: L. I Lawrence Erlbaum.

Boonyu,T and Panyaprasit, W. (2019). The Effect of Competitive Advantage on Core

Competence and Organizational Performance of Thailand’s Construction Business.

Journal of Humanities and Social Sciences of Southeast Asian University. 3 (2). 81-

[in Thai]

Chams, N., and García-Blandón, J. (2019). On the importance of sustainable human resource management for the adoption of sustainable development goals. Resources, Conservation and Recycling, 141, 109–122.

Chan, L. L., Shaffer, M. A., and Snape, E. (2004). In search of sustained competitive advantage: the impact of organizational culture, competitive strategy and human resource management practices on firm performance. The International Journal of Human Resource Management, 15(1), 17-35.

Chonwattana,C. and Laohavichien,T. (2022). The Relationship among Total Quality Management, Innovation, Competitive Advantage and Organizational Sustainability of Manufacturing Companies in Thailand. Burapha Journal of Business Management Burapha University, 11(2), 18–41. [in Thai]

Chen, R., Lee, Y. D., and Wang, C. H. (2020). Total quality management and sustainable competitive advantage: serial mediation of transformational leadership and executive ability. Total Quality Management and Business Excellence, 31(5-6), 451-468.

Chesbrough, H. (2003). Open Innovation: The New Imperative for Creating and Profiting, from Technology. Boston: Harvard Business School Press.

Cotes, J., and Ugarte, S. M. (2021). A systemic and strategic approach for training needs analysis for the International Bank. Journal of Business Research, 127, 464-476.

Cooper, R. N. (2005). The political economy of competitiveness. Retrieved April 20, 2022 from http://www.nesdb.go.th

Davo, N. B., Mayor, M. G., and Hera, L. B. (2011). Empirical analysis of technological innovation capacity and competitiveness in EU-15 countries. African Journal of Business Management, 5(14), 5753-5765.

Farida Ma (2021). The human resource management influence of competitive advantage of

hotel operators. Academic Journal Bangkok thonburi University 10 (2) 133-146. [in

Thai]

Flanagan, R., Lu, W., Shen, L., and Jewell, C. (2007). Competitiveness in construction: a critical review of research. Construction management and economics, 25(9), 989-1000.

Funda Ozer and Cihan Tinaztepe. (2014). Effect of Strategic Leadership Styles on Firm Performance: A study in a Turkish SME. Social and Behavioral Sciences, 150 (2), 778-784.

Juthaisong ,C. and Niruttikul, N..(2021). The Structural Equation Model of Factors Influencing the Competitive Advantage of Automobile Parts Manufacturers in Eastern Economic Corridor. Business Review Journal, 13(2), 237–254 [in Thai]

Kaewjunant, S and Pongpeng, J. (2020). Factors for Evaluating Building Sustainability of

Contractors Affecting Competitive Advantage. Ladkrabang Engineering Journal, 37(4).

–35. [in Thai]

Kaewnaknaew, C., Siripipatthanakul, S., Phayaphrom, B., and Limna, P. (2022). Modelling of talent management on construction companies’ performance: A model of business analytics in Bangkok. International Journal of Behavioral Analytics, 2(1).1-17.

Kaplan, R. S. (2009). Conceptual foundations of the balanced scorecard. Handbooks of management accounting research, 3, 1253-1269.

Lengnick-Hall, M. L., Lengnick-Hall, C. A., Andrade, L., and Drake, B. (2009). Strategic human resource management: Human Resource Management Review, 19, 64-85.

Lestari, S. D., Leon, F. M., Widyastuti, S., Brabo, N. A., and Putra, A. H. P. K. (2020). Antecedents and consequences of innovation and business strategy on performance and competitive advantage of SMEs. The Journal of Asian Finance, Economics and Business, 7(6), 365-378.

Luangpirom, N. (2014). Innovation Management. Bangkok: Duangkamol Pub Lease. [in Thai]

Ministry of Higher Education, Science, Research and Innovation (2019). Higher Education,

Science, Research and Innovation Policy and Strategy 2020-2027 and Science Plan

Research and innovation. Retrieved April 20, 2022 from

https://www.mhesi.go.th/home/index.php/aboutus/stg-policy/930-2563-2570

Mio, C., Costantini, A., and Panfilo, S. (2022). Performance measurement tools for sustainable business: A systematic literature review on the sustainability balanced scorecard use. Corporate social responsibility and environmental management, 29(2), 367-384.

Mokekhaow, K. (2016). Transformational Leadership relationship model Knowledge of

innovative management performance in community hospital wards. Nakhon

Pathom: Graduate School of Christian University. [in Thai]

Muiruri, M.S. (2016). Relationship between Knowledge Management and Organizational Performance: A Case Study of United States International University – Africa. (Masters of Business Administration). United States International University.

Namburi, N. (2013). Causal model of factors affecting management ability. Innovations affecting

the business performance of the palm oil extraction and refining industry in Thailand.

Minutes of the Third National Graduate Conference of the Art Program of the

School of Social Sciences, Kasetsart University. 1-18. [in Thai]

Ngamkha,N. (2014). Causality model of management and quality development commitment

Operation of private non-profit hospitals in Thailand. Journal of Public Health and

Development, 12 (2), 49-68. [in Thai]

Nurisra, N. Malahayati and Mahmuddin. (2018). The main factor affecting the competitiveness of Contractor Company. The 7th AIC-ICMR on Sciences and Engineering, Article ID 352, pp.012034.

Orozco, F. Serpell, A. and Molenarr,K. (2011). Competitiveness factors and indexes for construction companies:findings of Chile, Revista de la Construcción, 10(1), .91-107.

Panitanwong,Y. Boonyasopon,T Wisuttipaet,S and Roopsing,T.(2020).The Development Model

of the Management’s Potential in Construction Service Industry for Thailand 4.0. The

Journal of KMUTNB. 30 (2).351-360. [in Thai]

Porter, M. E. (2005). The competitive advantage creating and sustaining superior performance. New York: The Free Press.

Ren, S., and Jackson, S. E. (2019). HRM institutional entrepreneurship for sustainable business organizations. Human Resource Management Review, 30(3), 1-18.

Rogers, E. M. (2003). Diffusion of Innovation. (5th ed.). New York: The Free Press.

Samee,K. and Pongpe ng,J. (2016). Structural Equation Model for Construction Equipment Selection and Contractor Competitive Advantages, KSCE Journal of Civil Engineering, 20 (1).77-89.

Sankhantiviroj, N. and Ramanust,S.. (2021). Influence of Competitive Advantage and Entrepreneur Ability Affecting the Performance of Construction Business Operators in Bangkok and Perimeter.Journal of Politics, Administration and Law. 13(2). 253-268.

Simsit, Z. T., Vayvay, O., and Ozturk, O. (2014). An outline of innovation management process: Building a framework for managers to implement innovation. Procedia-Social and Behavioral Sciences, 150, 690-699. doi:10.1016/j.sbspro.2014.09.021

Sulong, M and Laeheem, K. (2015). Development of a causal relationship model for operations

Islamic cooperative in Thailand and test the model invariance between cooperative

savings and cooperative service. AL-HIKMAH. 5(10). 27-36. [in Thai]

Tan,Y. and Shen,L.-Y. (2011) . A fuzzy approach for assessing contractors’ competitiveness, Engineering, Construction and Architectural Management,18, (3).234-247.

Tavisaprakit. P. (2015). Leadership, knowledge management, innovation management

and Technologies that affect the performance of Thai MAI listed companies. (doctoral dissertation) Ramkhamhaeng University. [in Thai]

Tidd, J. and Bessant, J. (2014). Management innovation (5th ed.). West Sussex: Wiley.

Tidd, J. and Bessant, J. (2018). Management innovation: Integrating Technological, Market and Organizational Change (6th ed). West Sussex: Wiley.

Udriyah, U., Tham, J., and Azam, S. (2019). The effects of market orientation and innovation on competitive advantage and business performance of textile SMEs. Management Science Letters, 9(9), 1419-1428.

Wikhamn, W. (2019). Innovation, sustainable HRM and customer satisfaction. International Journal of Hospitality Management, 76(6), 102-110. doi:10.1016/j.ijhm.2018.04.009

Yaghoubi, H., Mahallati, T. Moghadam, A. S., and Fallah, M. A. (2014). Transformational Leadership: Enabling Factor of Knowledge Management Practices. Journal of Management and Sustainability, 4(3), 165-74.