DEVELOPMENT OF THE ENTREPRENEURIAL CAPABILITY MODEL ON MEDIUM ENTERPRISES IN THAILAND
Keywords:
Entrepreneurial Capability, Medium-Sized Enterprises, Market for Alternative InvestmentAbstract
The purposes of this article were: (1) to examine the influence of factors involving management skills, entrepreneurship and techniques on the entrepreneurial capability of medium-sized enterprises both registered and not registered on the Market for Alternative Investment (MAI); (2) also to analyze an entrepreneurial capability model and thence use it to compare registered and non-registered medium-sized enterprises. In this study, a mixedmethods approach involving both quantitative and qualitative phases of research investigation was employed. In the quantitative phase of investigation, germane data were collected from a total sample of 483 medium-sized enterprises both registered and not registered on MAI through the employment of survey questionnaires. In the qualitative phase of inquiry, data were collected from in-depth interviews with parties from 12 medium-sized enterprises both registered and not registered on MAI. Data were analyzed by Descriptive Statistics, Structural Equation Modeling (SEM), and Content analysis. Findings are as follows: (1) factors concerning the three skills of concern—management, entrepreneurial and techniques—exerted positive direct influence on the entrepreneurial capability of registered and non-registered mediumsized enterprises. In regard to registered medium-sized enterprises, it was found that at the highest level the factor of management exerted positive direct influence. Concerning nonregistered medium-sized enterprises, at the highest level it was found that the factor of techniques exerted positive direct influence. (2) In comparing registered and non-registered medium-sized enterprises by means of applications of an entrepreneurial capability model, there were differences between registered and non-registered medium enterprises in respect to the weight of the factor of observed variables and the coefficient of determination governing prediction at the statistically significant level of .05.
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