The Competitiveness Development of SMEs in Central Region Thailand
DOI:
https://doi.org/10.53848/jlscc.v10i1.263041Keywords:
Government policy, Competitiveness, Small and Medium enterprisesAbstract
The objectives of this research were: 1) to study the level of competitiveness of SMEs. 2) To study the influence of causal factors on government policy, financial support, entrepreneurial characteristics, supply chain management, and SMEs’ competitiveness. 3) To the guidelines for the development of the competitiveness of SMEs in the central region of Thailand. In quantitative research, the sample consisted of 320 SMEs entrepreneurs who were members of the Federation of Thai SMEs in the central region Thailand. In qualitative research, in-depth interviews were conducted with 18 key informants. The research results showed that: 1) the competitiveness of SMEs was rated at a high level; 2) supply chain management, entrepreneurial characteristics, government policy, and financial support. All of these have a direct influence on the SMEs’ competitiveness. The values of the influence were 0.62, 0.55, 0.54, and 0.28 respectively. 3) The guidelines for the development of the competitiveness of SMEs in the central region of Thailand included: (1) Public and private financial institutions, have established clear policies on financial access and adequacy for SMEs. (2) Assisting SMEs in implementing innovations in their organizations; (3) encouraging SMEs to constantly improve their own potential; and (4) encourage SMEs to have efficient production, distribution, and logistics. Thus, the government should develop in strategies to enhance the competitiveness of small and medium-sized SMEs, which will directly benefit the country's economic sector in the future.
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