Factors influencing the Thai-owned family business' effectiveness: a case of Vanachai group
Factors influencing the Thai-owned family business' effectiveness: a case of Vanachai group
Published date
2023
Resource type
Publisher
Bangkok : Assumption University
ISBN
ISSN
DOI
https://doi.org/10.14456/abacodijournal.2023.9
Call no.
Other identifier(s)
Edition
Copyrighted date
Language
eng
File type
application/pdf
Extent
32 pages
Other title(s)
Advisor
Other Contributor(s)
Citation
ABAC ODI Journal : Vision. Action. Outcome. 10, 2 (April 23 - September 23), 144-174
Degree name
Degree level
Degree discipline
Degree department
Degree grantor
Abstract
This study is survey-based, using the structured questionnaire as the primary research instrument for data collection, analysis, and interpretation leading to a proposed recommendation for organization development. Research objectives: 1. to determine the factors influencing the effectiveness of a Thai-owned family business and the correlation among the independent variable, and 2. to propose recommendations for organizational development of the business based on the findings. The research site, population, and sample are a local Thai privately-owned company, full-time employees of 1,300 (N), and actual respondents of 348 (n) selected by simple random sampling and voluntary basis. The research findings showed that adaptability (Beta=.255, Sig<.000, Rank1), team collaboration (Beta=.239, Sig.<.000, Rank 2) and communication (Beta=.130, Sig<.022, Rank3) as the independent variables that significantly influenced the business’ effectiveness The proposed recommendations for organization development comprise individual, team, and organization levels.