Adaptation of Road Goods Transportation Entrepreneurs to Enhance Firm’s Performance in the Eastern Economic Corridor (EEC) Areas of Thailand
DOI:
https://doi.org/10.53848/jlsco.v10i2.265952Keywords:
Adaptation, Road goods transportation entrepreneurs, Eastern economic corridor (EEC), Small and medium enterprises (SME)Abstract
This research aims 1) to study adaptation of road goods transportation entrepreneurs that influences firm’s performance and 2) to build an adaptation model of road goods transportation entrepreneurs and provide implementation guidelines to executives.The research was designed as mixed methods research. The sample was stratified randomly selected consisting of 26 companies for questionnaire survey and purposive selected consisting of 9 companies for in-depth interview. Data were analyzed using Structural Equation Modeling (SEM) and Path Analysis. The findings show that (1) adaptation of entrepreneurs (AOE) has direct positive effects to firm’s performance (FP) (0.61) but has no indirect effects due to indirect influence value (0.21) which is not statistical significant, (2) adaptation of entrepreneurs (AOE) effects to both agility of business and organization (ABO) (0.98) also flexibility of transportation operations (FTO) (0.95), and (3) agility of business and organization (ABO) and flexibility of transportation operations (FTO) both has no positive direct effects to firm’s performance (FP) (0.61, 0.40) with no statistical significance. Secondly,for building an adaptation model, findings revealed that the model must consist of 2 main components which are; (1) the adaptation of entrepreneur (ABO) including two subcomponents namely, agility of business and organization (ABO) and flexibility of transportation operations (FTO), due to these subcomponents both have positive direct effects to adaptation of entrepreneur, (2) for firm’s performance (FP) and implementation guidelines, the entrepreneurs must first focus on building abilities in both responsiveness (RS) (0.84) also resources and vehicles management (RM) (0.88) which will benefit in increasing income successively (II) (0.81).
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