STRATEGIC BUSINESS MANAGEMENT OF OTOP HERBAL PRODUCT ENTREPRENEURS IN PHITSANULOK PROVINCE

Main Article Content

Nathawat Prangam
Chutukarn Bunpuang
Thanat Daowiang

Abstract

The purposes of this research were 1) to study the level of business management strategy factors and business outcomes of OTOP herbal product entrepreneurs in Phitsanulok Province, and 2) to study the strategic business management factors influencing business outcomes of OTOP herbal product entrepreneurs in Phitsanulok Province. The sample consisted of 192 OTOP entrepreneurs in the herbal product group in Phitsanulok Province, using stratified random sampling. Data were collected using questionnaire. The statistical methods used to analyze the data were frequency, percentage, mean, standard deviation, and multiple regression analysis with the enter method. The research results revealed that 1) overall, the business management strategy factor were rated at a high level (equation = 4.00), while a business outcomes were also at a high level (equation = 4.01). 2) The regression analysis results revealed that four business management strategy factors---marketing strategy, resource management, product innovation, and digital technology utilization significantly influenced the business outcomes of OTOP entrepreneurs in the herbal product group in Phitsanulok Province at the statistical significance level of .01. They can predict business outcomes 74.90% of the variance, as shown in the equation:


Ŷtot  =  0.51 + 0.14(X1) + 0.43(X2) + 0.15(X3) + 0.16(X4).


The research findings provide guidelines for developing strategic business management among OTOP entrepreneurs in the herbal product group to enhance business competitiveness, particularly in the areas of resource management, strategic marketing, digital technology application, and creative product development.

Article Details

Section
Research Article

References

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