The Impact of Antecedent Variables on Strategic Renewal Capability : An Empirical Investigation of Software Businesses in Thailand

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Wasin Phetphongphan Kornchai Phornlaphatrachakorn Karun Pratoom

Abstract

Strategic renewal capability has been viewed as one of the key components that influence organizational outcomes. The objective of this study is to investigate five influential variables on strategic renewal capability; forward-looking vision, learning utilization, resources complementarity, technology growth and market change. In this research, 156 software businesses in Thailand were chosen as a target population for this study. Data were collected and analyzed in the formulation of hypotheses and the hypothesized relationships among variables were then examined using ordinary least square (OLS) regression analysis. Results suggest that almost all antecedents are positively related to the strategic renewal capability except forward-looking vision. This study concluded by identifying a range of theoretical and managerial contributions, and also made suggestions for future research

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