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Influences of Entrepreneurial Competencies on Product Development Decision: Longan Processing Enterprises in Thailand

Author

Listed:
  • CHANITA PANMANEE

    () (Faculty of Economics, Maejo University)

  • KASEM KUNASRI

    () (Faculty of Management science, Chiang Mai Rajabhat University)

Abstract

This research aims to evaluate the entrepreneurial competencies of longan processing entrepreneurs and analyze the impacts of entrepreneurial competencies on new product development decision. The 165 samples of longan processing entrepreneurs are selected by a purposive sampling method. The results of entrepreneurial competencies show that risk taking orientation and competitiveness orientation are the two lowest score competencies in which the longan processing entrepreneurs should be interested in. Moreover, the age of the entrepreneur and pro-activeness orientation of the entrepreneur have some negative impacts on the decision making probability of the new product development. The entrepreneurial competencies on risk taking, innovativeness and competitiveness have positive influences on new product development decision. The findings lead to a discussion about whether the longan processing entrepreneurs are ready to develop the new product, or not.

Suggested Citation

  • Chanita Panmanee & Kasem Kunasri, 2018. "Influences of Entrepreneurial Competencies on Product Development Decision: Longan Processing Enterprises in Thailand," Proceedings of International Academic Conferences 7208736, International Institute of Social and Economic Sciences.
  • Handle: RePEc:sek:iacpro:7208736
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    File URL: https://iises.net/proceedings/36th-international-academic-conference-london/table-of-content/detail?cid=72&iid=034&rid=8736
    File Function: First version, 2018
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    More about this item

    Keywords

    longan processing; entrepreneurial competencies; product development; composite index; logit model;

    JEL classification:

    • C25 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Discrete Regression and Qualitative Choice Models; Discrete Regressors; Proportions; Probabilities
    • M21 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics - - - Business Economics
    • Q13 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agricultural Markets and Marketing; Cooperatives; Agribusiness

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