Competency factors of entrepreneurs in the Northeastern region of Thailand affecting competitiveness against countries in the Greater Mekong Sub-region
Keywords:
Competency of entrepreneurs, competitiveness, the Greater Mekong Sub-regionAbstract
The objective of this research was to study competency of entrepreneurs in the
Northeastern region of Thailand factors affecting competitiveness against countries in the Greater
Mekong Sub-region. A structured questionnaire was used as the instrument in collecting data.
Samples of 360 entrepreneurs having trading transactions with countries in
the Greater Mekong Sub-region were selected by quota sampling. Descriptive statistics and factor
analysis were applied in analyzing data and multiple regression analysis (MRA) at 0.05 significance
level was used in testing research hypotheses.
The results reveal that the competency of entrepreneurs in the Northeastern region of
Thailand can be categorized into 4 factors which are 1. Self-management competency
2. Self-efficacy related to engagement with others competency 3. Self-efficacy related to business
management competency and 4. Competency in trading with the Greater Mekong Sub-region.
Results from MRA determine that Self-management competency, Self-efficacy related to
engagement with others competency and Self-efficacy related to business management
competency have positive effects on competitiveness whilst Competency in trading has no positive
effect on competitiveness against countries in the Greater Mekong Sub-region. Findings of this
research can be used as a guideline for government agencies and private organizations in
enhancing capacity and competitiveness of entrepreneurs in conducting business with countries in the Greater Mekong Sub-region which can be beneficial to both local and sub-region economic
development and national economy.
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