THE STUDY OF ENTREPRENEURIAL FRAMEWORK CONDITIONS IN ENHANCING ENTREPRENEURIAL SOCIETY: A CASE STUDY OF THAILAND
Keywords:
Entrepreneurial Framework Conditions, Global Entrepreneurship Monitor (GEM), AsiaAbstract
The purposes of this paper are to study the level of Entrepreneurial Framework Conditions (EFCs) in enhancing Thai entrepreneurial society in 2016 and to compare with the secondary data of the levels of EFCs with 8 Asian GEM Member countries; namely, Malaysia, Indonesia, Philippines, Japan, South Korea, Vietnam, China, and Taiwan. This paper is utilized the GEM data in National Expert Survey (NES) part. The 36 experts in 9 business fields of each country were asked to evaluate the levels of EFCs of their countryside. The result of NES shows that three most readiness Entrepreneurial Framework Conditions (EFCs) in Thailand are physical infrastructure ( X = 3.83), cultural and social norms ( X = 3.35), and market openness respectively ( X = 3.15). Furthermore, compared with other 9 countries, Thailand has consistently been ranked the third lowest in terms of Entrepreneurial Financial Support, Government Policy, Government Entrepreneurship Programs, R&D Transfer, and Physical Infrastructure factors are ranked third from the bottom. The results underline the fact that in order to enhance and achieve sustainability for Thai entrepreneurial society, these EFCs need to be further developed and improved.
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