A Structural Equation Model Explicating the Effects of Strategic Management, Organizational Resilience, and Competitive Advantage on Business Growth of SMEs System Integrators in Thailand
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Abstract
This research article aimed to study (1) develops and inspects a structural equation model explicating the effects of strategic management; examines (2) the effects of strategic management, organizational resilience, and competitive advantage on business growth of SMES system integrators in Thailand. The quantitative research approach was employed with a questionnaire as a research instrument to collect data from 250 system integrators business entrepreneurs in Thailand using the technique of purposive sampling. Data were analyzed using mean and standard deviation. The structural equation modeling (SEM) analysis was conducted in the hypothesis test.
Findings are as follows: The confirmatory factor analysis of variables found to exhibit congruence with the empirical data. The chi-square (χ²) was 107.823; degrees of freedom (df) = 112; chi-square/ degrees of freedom (χ²/df) = 0.962; root mean square error of approximation (RMSEA)=0.000; Tucker-Lewis index (TLI) = 1.002, comparative fit index (CFI) = 1.000, and standardized root mean square residual (SRMR) = 0.039, respectively. The hypothesis test found that strategic management exhibited direct effects on competitive advantage and organizational resilience. Organizational resilience exhibited direct effects on competitive advantage and business growth. Competitive advantage exhibited direct effects on business growth. In conclusion, all the factors exhibited effects on business growth as the hypothesis set.
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Academic articles, research articles, and book reviews in the Ph.D. in Social Sciences Journal are author’s opinions, and not the publisher’s, and is not the responsibility of the Ph.D. in Social Sciences Journal Philosophy Association, Ramkhamhaeng University. (In the case that research is done on human, the researcher has to be trained in Ethics for Doing Research on Human Training and has to produce the evidence of the training).
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