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Passions and enthusiasm of small and medium enterprises (SMEs): A case study of Nakorn Ratchasima province, Thailand

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  • Adisak Suvittawat

    (Suranaree University of Technology, Thailand)

Abstract

The objective of this research is finding the entrepreneurial passion and enthusiasm variables which effect on enthusiasm for entrepreneurship and persistence of business of small and medium enterprises (SMEs) in Nakorn Ratchasima Province, Thailand. The enthusiasm for entrepreneurship parameters have been identified in 5 parameters, commitment to the product or service, enthusiasm for competition, passion for entrepreneurship, enthusiasm for opportunity and enthusiasm for development parameters. This research finds that the enthusiasm for entrepreneurship consists of commitment to the product or service which mean is 3.50 and S.D.=0.81, enthusiasm for competition which mean is 3.50 and S.D=0.74, passion for entrepreneurship which mean is 3.77 and S.D=0.79, enthusiasm for opportunity which mean is 3.58 and S.D=0.83 and enthusiasm for development which mean is 3.78 and S.D=0.84. The correlation between persistence of business and commitment to the product or service r=-0.329**, persistence of business and enthusiasm for competition r=-290**, persistence of business and passion for entrepreneurship r=-0.366**, persistence of business and enthusiasm for opportunity r=-0.264**. Commitment to the product or service, enthusiasm for competition, passion for entrepreneurship and enthusiasm for opportunity have the correlation with persistence of business. The entrepreneur who has an enthusiasm for entrepreneurship keeps a persistence of business.

Suggested Citation

  • Adisak Suvittawat, 2019. "Passions and enthusiasm of small and medium enterprises (SMEs): A case study of Nakorn Ratchasima province, Thailand," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 6(3), pages 1369-1379, March.
    • Handle: RePEc:ssi:jouesi:v:6:y:2019:i:3:p:1369-1379
    DOI: 10.9770/jesi.2019.6.3(22)
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    References listed on IDEAS

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    1. Veera Bhatiasevi & Vincent Dutot, 2014. "Creative industries and their role in the creative value chain - a comparative study of SMEs in Canada and Thailand," International Journal of Entrepreneurship and Innovation Management, Inderscience Enterprises Ltd, vol. 18(5/6), pages 466-480.
    2. Gaglio, Connie Marie & Katz, Jerome A, 2001. "The Psychological Basis of Opportunity Identification: Entrepreneurial Alertness," Small Business Economics, Springer, vol. 16(2), pages 95-111, March.
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    More about this item

    Keywords

    Enthusiasm for entrepreneurship; enthusiasm for competition; enthusiasm for opportunity; enthusiasm for development; passion for entrepreneurship;
    All these keywords.

    JEL classification:

    • M10 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - General

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