Towards the identification of factors related with success in small-scale industry entrepreneurship in Thailand

• Main Author: Viriyavidhayavongs, Vinai
• Format: text
• Published: Animo Repository 1990
• Subjects: Entrepreneurship > Thailand.; Small business > Thailand.
• Online Access: https://animorepository.dlsu.edu.ph/etd_doctoral/1325
• Institution: De La Salle University

This study attempts to identify the factors which may be related with success in small-scale industry entrepreneurship in Thailand and to analyse their relationship with indicators of entrepreneurial success. The study used the descriptive-correlational method of research. From the population of 10,668 entrepreneurs of small-scale industries, a stratified random sample of 313 was selected. Of these, 112 returned the completed survey forms, distributed as follows: 60 from manufacturing industries, 36 from service industries, and 16 for handicraft industries. Data-gathering instruments consisted of one standardized questionnaire and two other questionnaires developed by the researcher. The standardized instrument was the Edward Personality Inventory Booklet (1966) by Allen L. Edward which was used to identify the personality traits of the entrepreneur respondents. The second questionnaire was designed to gather information concerning the personal and family-related factors which were hypothesized to be related with entrepreneurial success in small-scale industries. The third questionnaire identifies the indicators of success in small-scale industries. Data were analyzed in terms of frequencies, percentages, multiple correlation and regression through stepwise regression. The findings of the study supported the following conclusions: 1. The respondents possessed personality traits which were significantly related with successful entrepreneurship of small-scale industries. 2. Personal-related and environmental factors such as business experience, business location, business conditions and family support were conducive to the growth of the business of the respondents. Government support, however, was lacking. 3. Success in small-scale industries was independent of the family-related factors: nature of business and job of the fathers and moral and financial support of the family. 4. Since the predictors of success identified in the study could not fully account for the observed variance in the extent of entrepreneuria