Causal Factors Influencing Development of Organizational Survival for Companies Listed in Thailand

Waranya Yaowaratn Lee; Phatre Friestad; Sakchai Chanruang

doi:10.55766/YOVS4974

Authors

Waranya Yaowaratn Lee Graduate School of Commerce, Burapha University, Thailand
Phatre Friestad Graduate School of Commerce, Burapha University, Thailand
Sakchai Chanruang Graduate School of Commerce, Burapha University, Thailand

DOI:

https://doi.org/10.55766/YOVS4974

Keywords:

Leadership, Management, Knowledge Management, High Performance Organization, Organization Survival

Abstract

This research aims to study the factors that influence development for the survival of business organizations in Thailand. Sample populations are 484 Limited companies
which have been operating in Thailand for not less than 20 years. Using a sample size with the source of Business Top 1000. (2015-2016): Sustainable Development Strategies.
The CEO Spectrum, Special Issue, by collecting data from representatives of the companies executive management, the five factors used in the ‘Structural Equation
Model’ are Leadership, Management, Knowledge Management, High Performance and Organization Survival. The Survival of the organization is evaluated by using the
means of a quantitative research tool as an Estimations questionnaire. Data analysis, using statistics for Social Science by Descriptive statistic and Inferential statistics with
Computer Program and Linear Structural Equation Model Analysis Program present the causal factors that can influence the survival of the organization. The results of the research showed the structural equation model causal factors that influence the development for the survival of business organizations in Thailand. The consistency of an index model that blends in with the empirical data can be seen from x² = 151.51, df = 125, p-value = 0.054, RMSEA = 0.021, GFI = 0.971 and AGFI = 0.946. The results of the analysis show that Management and High Performance
Organization can directly influence the positive performance towards the survival of the organization with a statistical significance at 0.01 with a path coefficient equal
to 0.27 and 0.26 accordingly, whereas knowledge management does not have direct positive influence to the survival of the organization with a path coefficient equal to
0.007 and lastly all the variables are interrelated and can explain the survival of the organization at 23 percent.

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