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http://dx.doi.org/10.13106/jafeb.2021.vol8.no6.0213

Potential Indicators of Japanese Technology and Business Innovation Policy Adoption Among Thai Businesses  

PROMMA, Watcharawat (School of Management, Walailak University)
AUJIRAPONGPAN, Somnuk (School of Management, Walailak University)
Publication Information
The Journal of Asian Finance, Economics and Business / v.8, no.6, 2021 , pp. 213-221 More about this Journal
Abstract
This research aims to study and develop a potential indicator of Japanese technology and business innovation policy adoption in the context of Thailand business operations to serve as a guideline for creating an effective competency development model of organizational technology and business innovation policy adoption. This research uses a questionnaire as an instrument for data collection and data analysis, and this survey was distributed to a sample group of executives from 57 organizations related to joint ventures involving Japanese technology and business innovation in Thailand. The data was further analyzed using a partial least squares structural equation model (PLS-SEM) to estimate the relationships between the latent variables in the structural model of the study. The research results reveal that the measurement model is consistent with the examined empirical data. Moreover, its reliability exceeds the standardized criteria for indicator development. Therefore, it can be concluded that such a potential indicator of Japanese technology and innovation business policy acceptance consists of three main factors: core competency, innovation absorptive capability, and quality of employees. Furthermore, seven sub-indicators were identified: flexibility, achievement motivation, knowledge management, personnel participation, continuous improvement, efficiency-related changes, and personnel diversity. These indicators will be beneficial for further strategy and planning applications.
Keywords
Innovation Absorptive Capability; Quality of Employees; Innovation Adoption; Japanese Technology; Thai Businesses;
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