INFLUENCE OF INNOVATION AFFECTING THE COMPETITIVE ADVANTAGE OF THE ELDERLY CARE BUSINESS IN THAILAND
Keywords:
Innovation, Competitive Advantage, Knowledge ManagementAbstract
Objectives of this research article were to: 1. Study opinions on knowledge management, innovation and competitive advantages, 2. Analyze the corroborating elements of knowledge management, innovation and competitive advantage, and 3. Study the causal relationship of knowledge management and innovation influencing the competitive advantage. The quantitative research was used, collecting data by questionnaires with reliability value at 0.983. The data were collected from 220 elderly care business entrepreneurs, using simple random sampling through sampling without replacement and analyzed by frequency distribution, percentage, mean, standard deviation, confirmatory factor analysis and structural equation model analysis. The results were processed by statistical programs.
The results of this study indicated as follows: 1. Entrepreneurs viewed that knowledge management, innovation, and competitive advantage were the most important to the elderly care business. 2. The results of the confirmatory factor analysis revealed that knowledge management, innovation and competitive advantage were structurally correct. 3. Knowledge management had a direct influence on innovation and competitive advantage. Innovation had a direct influence on competitive advantage. And Knowledge management had an indirect influence on competitive advantage with innovation as a transmission variable. The path coefficients were 0.91, 0.41, 0.57, 0.52 respectively.
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