Nobody downloaded yet

The Success Factors for Small and Medium Enterprises In Thailand - Literature review Example

Comments (0)
This literature review examines what other researchers have covered and found in respect of identifying success factors for SMEs in Thailand. The historical background first provides an overview of Thai SMEs, their significance and role in the Thai economy, and the challenges they face …
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER97.2% of users find it useful

Extract of sample "The Success Factors for Small and Medium Enterprises In Thailand"

Download file to see previous pages Two particular studies, one by Vichitdhanabadee et al. (2009) and the other by Thassanabanjong et al. (2009) are used to provide some demographic details and other features of Thai SMEs and identify specific factors that could lead to their success. Finally, we consider why there is a need for conducting further research into this area.
Wiboonchutilula’s (2002) study into Thai SMEs revealed that despite the economic crisis of 1997 (the Tom Yum Kung disease), they still account for the greater proportion of employment in Thailand. They also appear to have adapted well to the new globalized economic and business environment (Srivihok & Intrapairote, 2004) and “seem to offer a way to tap the country’s rich local wisdom and cultural heritage to produce various unique high-quality products” (ibid, 2004b). For this reason, Thai SMEs have been of particular interest (Pumpaisanchai, 2004) because they are themselves a significant component of the Thai economy.
Their greater resilience was demonstrated during the SARS crisis in 2003 and the tsunami in 2005. According to Yadav (2008), in 2006, SME contribution to GDP was 40& and to industrial exports was 75%. SMEs help generates employment in the economy, improve labor skills, and are able to attract foreign currency and investment. Traditionally, in the global arena, Thai SMEs were perceived as impressive challengers to the high quality and low price phenomenon in developed countries by producing similar products at even lower costs. Cheaper labor is the main reason why they were able to do this although there is now an increasing focus on improving customer relations.
However, Thai SMEs tend to have little if any management, administrative, marketing and technical skills. For example, they are often unable to cope with globalization and access international markets (Worthington & Britton, 2009, p. 48).  ...Download file to see next pagesRead More
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF The Success Factors for Small and Medium Enterprises In Thailand

An investigation into the current success factors for small and medium enterprises in Thailand

...?Research on Thai SMEs An investigation into the current success factors for small and medium enterprises (SMEs) in Thailand Jimmy Johnson May, Chapter 3: Methodology 3.1 Purpose of study The purpose of this proposed study is to examine what is below the surface, and identify the underlying success factors for SMEs in Thailand. That is, identifying those characteristics of the enterprise relating to its management, relationships with other entities, contextual variables, etc. that either lead to or contribute in some way to the enterprise being successful. This research thus makes use of the construct of ‘success factor’, which is also mentioned in the hypothesis. The success factors themselves are qualitative because... they are not...
7 Pages(1750 words)Essay

An Investigation into the Current Success Factors for Small and Medium Enterprises (SMEs) in Thailand

...?Running head: PROPOSAL An Investigation into the Current Success Factors for Small and Medium Enterprises (SMEs) in Thailand Proposal (version 7) Jimmy P. Johnson Professor Dr. Andrea Simpson October 12, 2011 An Investigation into the Current Success Factors for Small and Medium Enterprises (SMEs) in Thailand Chapter 1: Introduction Area of concern This study is concerned with identifying possible business success factors i.e. characteristics of the business organization, its management, its relationships with other entities and other contextual variables that lead or contribute to the business becoming successful. Furthermore, the focus is on a particular type of business and on those belonging to a particular country. The type... ...
7 Pages(1750 words)Essay

Small and Medium Enterprises

...Small and Medium Enterprises Questions 1: The Impact of 2008 Recession on SMEs Before the recession that began in 2008, SMEs were performing well and could access credit from financial institution to expand their operations. However, the recession brought about uncertainties on the future performance of businesses. Thus, small and medium enterprises could not easily access credit. The credit approval rates reduced not only for SMEs but also for large institutions as well. The recession weakened the ability of lenders to meet the demand for loans especially without security. The economic downturn brought about financial difficulties in...
12 Pages(3000 words)Essay

Small and Medium Enterprises

...Dissertation Proposal Strategies of small and medium enterprise to continue their expansion with the effect of Globalisation By Ahmed Youssef Alsaleh Academic Member, King Fahd Naval Academy, Saudi Arabia Introduction Small and medium enterprises (SMEs) are considered a key component of the local market, as they serve the customised needs of the local people and local industries. There was a time when such industries used to be the most influential ones for the local economy and the respective governments would do everything possible to keep the SMEs in good humour. But times have changed with the globalisation regime multinational enterprises have made a distinctive mark on the local markets as well. While on the one hand... this...
5 Pages(1250 words)Essay

Small and Medium Enterprises in the USA a SME, and how they manage to over come these issues. The aim of any business is to prosper and grow in size, and the aims that are usually kept in mind for a SME shall also be discussed in this report. A critical analysis of how a SME functions and their distinctive factors have been entailed in order to give the reader a proper understanding of all the functions of a small and medium enterprise. The purpose of this report is to give the reader an insight in a small or medium enterprise, and what are their technicalities and functionality level. Firstly, an introduction has been given, which then follows in to the...
4 Pages(1000 words)Case Study

Small and Medium Enterprises Coursework

...this argument to defend a higher risk premium on business loans that they charge the small and mediums sized enterprises. But still there is no reason to say that a portfolio of loans to small firms is not necessarily riskier than a portfolio of loans to large companies. Default correlation was found to be lower correlated with SMEs when compared to the large sized firms. Lower default correlations can offset the higher individual default probabilities within a pool of credits. Indeed, firm-specific risk can be diversified as opposed to systematic risk. But the reason that SMEs are charges higher rates of interest is because large firms are more vulnerable to the...
40 Pages(10000 words)Coursework

Small and Medium Sized Enterprises

...59 Figure 16 - Sales Training Environment 60 Abstract This purpose of this study is explore new insights concerning 'organizational effectiveness', and the relationship of the preceding with entrepreneurial orientation, market orientation, sales force performance, and sales organization effectiveness in Small and Medium Sized Enterprises (SME's). The foregoing represents a daunting challenge, in that these areas contain psychological as well as motivational facets, in addition to the organizational precepts. The cross-organizational...
75 Pages(18750 words)Dissertation

Globalisation and Small Medium Enterprises foreign market knowledge and on the other, the increasing loyalty of its resources in the market. Johanson and Vahlne also took note of the increasing focus on Research and Development and its impact on the process of globalization. However, they don't explain as to what extent this factor is influential in the international activities of the companies. Zhan Su and Raymond Poisson delineates the process of globalization based on the analyses of 39 small and medium sized high-tech Quebec companies. Their surmise is that "the majority of our sample enterprises have experienced an evolution in line with the Internationalization Stages Theory, they equally...
12 Pages(3000 words)Essay

Small and medium enterprises

...and encourages businesses’ success in this regard. Government advises SMEs on successful implementation of CSR initiatives and encourages reporting frameworks to encourage and promote socially responsible businesses. However, it must be noted that small and medium sized organizations generally do not have enough resources to initiate or implement CSR activities. The government needs to have policies that aid SMEs financially to develop socially responsible practices. The criteria for the success of small and medium enterprises may not be realistic in all the cases keeping in view the practical...
12 Pages(3000 words)Essay

Small and Medium Enterprises (SMEs)

...Federation of Accountants (April, 2010). The Role of Small and Medium Practices in Providing Business Support to Small- and Medium-sized Enterprises Ayyagari, Beck and Demirguc- Kunt (2005). Small and Medium Enterprises across the Globe Shara L., Daniel R., Deanna T., Charlotte R., Irving A., Dean A. (2010), (Page. 18) Small and Medium-Sized Enterprises: Overview...
4 Pages(1000 words)Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Literature review on topic The Success Factors for Small and Medium Enterprises In Thailand for FREE!

Contact Us