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The Influence of Business Traits and Value Chain Management on the Business Competitiveness in the Northeastern Border Trade Area of Thailand

Author

Listed:
  • PICHYADA PHEUNPHA

    (Department of Business Management, Faculty of Management Science, Ubon Ratchathani University)

  • Kiengkwan Ugsornwong

    (Faculty of Management Science, Ubon Ratchathani University)

Abstract

The research purpose was to examine the influence of business traits and value chain management on the business competitiveness in the northeastern border trade area of Thailand. A questionnaire with a reliability coefficient (0.95) at a very high level was used in this study. Area sampling collected 307 small and medium enterprises from Ubon Ratchathani and Mukdahan provinces. The statistics were analyzed using descriptive statistics and multiple regression. The results showed that thirteen sub-independent variables correlated with business competitiveness at a very high level (r = 0.85) and can explain or predict the variance of business competitiveness at a high level with 70.7% (Adjusted R-Squared). Six variables affected the business competitiveness with statistical significance at 0.01** and 0.05*, which were technology development (? = 0.35**), marketing and sale (? = 0.29**), procurement (? = 0.16**), province of business (? = 0.15**), human resource management (? = 0.14*), and service (? = 0.14**) respectively. Therefore, entrepreneurs in the northeastern border trade area of Thailand should (1) invest in technologies that streamline operations along the value chain, (2) develop targeted marketing campaigns that resonate with local and regional markets, (3) focus on building strong relationships with suppliers to secure better terms and reliable quality, (4) understand and capitalize on the unique characteristics of the local market, (5) implement comprehensive training programs to develop employee skills and knowledge, and (6) focus on providing exceptional customer service. Moreover, the entrepreneurs should continuously evaluate the effectiveness of these strategies through performance metrics and adjust as needed to ensure ongoing competitiveness. By focusing on these key areas, entrepreneurs can leverage the identified variables to enhance their competitiveness and drive growth in the region.

Suggested Citation

  • PICHYADA PHEUNPHA & Kiengkwan Ugsornwong, 0000. "The Influence of Business Traits and Value Chain Management on the Business Competitiveness in the Northeastern Border Trade Area of Thailand," Proceedings of International Academic Conferences 14916512, International Institute of Social and Economic Sciences.
    • Handle: RePEc:sek:iacpro:14916512
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    More about this item

    Keywords

    Business Traits; Value Chain Management; Business Competitiveness; SMEs;
    All these keywords.

    JEL classification:

    • A10 - General Economics and Teaching - - General Economics - - - General

    Statistics

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