Browsing by Author "College of Management Mahidol University"
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Publication Metadata only Capability assessment toward sustainable development of business incubators: Framework and experience sharing(2021-05-01) Nathasit Gerdsri; Boonkiart Iewwongcharoen; Kittichai Rajchamaha; Nisit Manotungvorapun; Jakapong Pongthanaisawan; Watcharin Witthayaweerasak; College of Management Mahidol University; Chulalongkorn University; Bangkok University; King Mongkut's University of Technology Thonburi; Thai Business Incubators and Science Parks AssociationBusiness incubators have been widely developed to advise, support, promote, and provide a nurturing environment for new business start-ups and entrepreneurs. The development of a framework for capability assessment allows the management of each incubator to understand its strengths and room for further improvement. Moreover, assessment results across a community, such as a nation or state, can provide insights into resource allocation and various management policies so that policymakers can support the development of business incubators under their supervision. This article describes the development of a capability assessment framework for business incubators (BIs) in Thailand. A case study demonstrating how the capability assessment is analyzed is also presented in the article.Publication Metadata only CEO dominance and firm innovation effort(2021-01-01) Nicolette Chatelier Prugsamatz; College of Management Mahidol UniversityPurpose: The purpose of this paper is to investigate whether innovation effort is lower for firms exhibiting signs of higher chief executive officer (CEO) dominance and whether such CEOs can be incentivized to pursue risky ventures such as innovation projects in line with shareholder's interests that are geared toward the long-term growth of the firm. Design/methodology/approach: The paper utilizes panel data of US publicly listed companies (2007–2016) to address the influence of CEO dominance on firm innovation effort and the moderating effects of incentives in this relationship through ordinary least squares (OLS) estimations. A two-stage least squares (2SLS) technique is also employed to address possible endogeneity. As a robustness check, further analysis is conducted utilizing an alternative proxy for CEO incentive as well as Tobit analysis (with panel-level random effects). Findings: Results from both OLS and Tobit estimations offer two key findings. First, there is a significantly negative relationship between CEO pay slice and firm research and development (R&D) intensity. Second, the interaction effect of CEO incentives and CEO dominance is significant and positive. Research limitations/implications: When provided with the right incentives, such as those that reward long-term performance, dominant CEOs can be incentivized to go after risky ventures like innovation projects that are crucial to promoting the long-term growth of the firm. Originality/value: This paper utilizes R&D instead of patent outputs as proxies for innovation where the former enables studying R&D efforts for more recent periods compared to prior studies that utilize patent data.Publication Metadata only COVID-19 impacts and sustainability strategies for regional recovery in southeast asia: Challenges and opportunities(2021-08-02) Suparak Suriyankietkaew; Suthep Nimsai; College of Management Mahidol UniversityThe COVID-19 pandemic crisis is threatening our progressive social, ecological and economic development toward achieving the United Nations Sustainable Development Goals (UN SDGs). Studies of its impacts on sustainable development in emerging economies and on fast-grow-ing regional development, such as Southeast Asia or the Association of Southeast Asia Nations (ASEAN), are scarce to date. This paper aims to investigate the COVID-19 impacts and identify challenges and opportunities for possible sustainable recovery solutions with respect to the UN SDGs. We employed a qualitative research method through analytical literature reviews and in-depth interviews with 33 organizations. Our results reveal various pandemic effects, challenges and opportunities for cooperative regional sustainability development and recovery strategies, such as intra-trade strategy, green economy and public–private–people partnerships. The findings provide practical guidance on policy implications for transformative regional sustainability and innovative recovery strategies to achieve the sustainable development agendas (i.e., ASEAN Community Vision 2025 and UN 2030 Agenda). Overall, the paper contributes to advance our limited understanding in this realm and benefits diverse stakeholders toward our sustainable futures.Publication Metadata only Does leadership make a difference in teacher learning: a contextual analysis of learning centered leadership in rural Thailand(2021-01-01) Dhirapat Kulophas; Philip Hallinger; College of Management Mahidol University; Chulalongkorn University; University of JohannesburgResearch has both established that developing teacher capacity is a key to educational reform and that leadership plays a significant role in promoting teacher learning. Yet, despite education reforms that focus on teachers and teacher development, Thailand has yet to strategically utilize school leaders as the bridge between its ambitious vision and school enactment. This study examined differences between effective and ineffective school leadership practices aimed at advancing teacher learning in Thailand. Drawing upon data from a larger mixed methods study, this article employed a contrasting groups design to examine differences in the leadership and teacher learning practices in two rural secondary schools. In addition to semi-structured interviews with principals and teachers, qualitative data were also gathered from school web sites, Facebook and administrative documents. The results illustrate that, given a similar set of situational challenges, principal’s viewpoints, principles, purpose, and actions can make a difference in catalyzing, supporting, and sustaining teacher learning. The case studies show how learning centered leadership practices (or lack thereof) can shape teacher learning and contribute to a growing body of research on learning-centered leadership.Publication Metadata only The effects of employee learning, knowledge, benefits, and satisfaction on employee performance and career growth in the hospitality industry(2021-04-02) Chanin Yoopetch; Suthep Nimsai; Boonying Kongarchapatara; College of Management Mahidol UniversityThe service industry is considered one of the fastest growing industries in the world, especially in the context of developing countries with economies which rely on tourism sectors as the drivers for economic growth. The development of human resources can directly support the expansion of this industry. The aim of the current study was to investigate the relationships among factors at the employee level, including employee learning and knowledge. Furthermore, this study aimed to analyze the relationships among several determinants (e.g., employee satisfaction) and the influence of those relationships on employee performance and the growth of human resources careers in the context of the hospitality industry. Data were collected from 608 employees in three sectors of the service industry: airlines, hotels, and spas. The results indicated that employee learning, employee knowledge, and employee satisfaction were influential factors for employee performance. In addition, employee benefits and employee creativity showed significant effects on employee satisfaction. Furthermore, employee performance showed a significant positive effect on career growth. The implications of the current research for practitioners are also provided, and directions for further research are discussed in greater detail.Publication Metadata only The effects of renewable and nonrenewable energy consumption on the ecological footprint: the role of environmental policy in BRICS countries(2021-06-01) Nattapan Kongbuamai; Quocviet Bui; Suthep Nimsai; College of Management Mahidol University; Mae Fah Luang University; Beijing Institute of Technology; Namdinh University of Technology EducationThis study aims to investigate the impact of economic growth, renewable energy consumption, nonrenewable energy consumption, industrialization, and environmental policy stringency on the ecological footprint in the BRICS countries over the period of 1995–2016. Series of the advanced econometric method, such as the novel dynamic seemingly unrelated regression (DSUR) method and the Dumitrescu and Hurlin panel causality tests, are employed for scrutinizing the estimations of the long-run and causal relationships among variables. The results suggested that the economic growth, renewable energy consumption, nonrenewable energy consumption, and industry have a positive relationship to the ecological footprint, while environmental policy stringency has been described in the BRICS countries as having a negative relationship with the ecological footprint. In addition, the bidirectional relationship is found between (i) the ecological footprint and economic growth and (ii) the ecological footprint and renewable energy consumption.Publication Metadata only The electronic word-of-mouth (Ewom) trustworthiness, brand image and other determinants of purchase intention of the middle class to luxury hotel services(2021-01-01) Napassorn Plidtookpai; Chanin Yoopetch; College of Management Mahidol University; Mahidol UniversityThis study aimed at examining influencing factors on purchase intention of consumers in the context of the middle class (3 star) to luxury (5 star) hotels’ social media in Bangkok. The determinants that were used in this study included; electronic word-of-mouth (eWOM) trustworthiness, perceived ease of use, perceived usefulness, subjective norm, brand image, and brand awareness. The findings indicated that hotel brand awareness, subjective norms, eWOM trustworthiness and hotel brand image had a positive effect on purchase intention. The findings also indicated that hotel brand awareness had stronger level influencing purchase intention than other variables. The strong level of brand awareness directly impacted the level of purchase intention. Research implications and direction for future were provided.Publication Metadata only Factors influencing employee engagement: Evidence from thai smes(2021-07-01) Sirisuhk Rakthin; Prattana Punnakitikashem; Nattawat Pisitsupakarn; Karuna Aksaravut; College of Management Mahidol UniversityEmployee engagement is an approach that can increase the chances of business success, contributing to organizational and individual performance, productivity, and well-being. Successful organizations, of any size or type, must have engaged employees who commit to their organisation’s goals and values, are motivated to contribute to organisational success, and have work devotion. However, since SMEs possess much fewer financial and non-financial resources than large organizations, understanding factors that promote engagement for employees becomes more essential. This research study aimed to explore what promotes employee engagement and provide insights to SMEs managers on how to implement human resource management practice and policy that could reinforce employee’s job satisfaction and engagement in order to drive business performance. The model was tested using web-based survey from 475 employees working in Thai SMEs. PLS-SEM results revealed that remuneration satisfaction, self-leadership, and interpersonal leadership positively influenced employee engagement. Moreover, the partial mediation effect of job satisfaction contributes to the understanding of the full-range model of engagement for SMEs through job satisfaction.Publication Metadata only Financial literacy: Thai middle-class women do not lag behind(2021-09-01) Antonia Grohmann; Olaf Hübler; Roy Kouwenberg; Lukas Menkhoff; Wirtschaftswissenschaftlichen Fakultät; College of Management Mahidol University; Aarhus Universitet; German Institute for Economic Research; Gottfried Wilhelm Leibniz Universität Hannover; Humboldt-Universität zu BerlinThis research studies the stylized fact of a “gender gap” in that women tend to have lower financial literacy than men. Our data which samples middle-class people from Bangkok does not show a gender gap for those with at least minimum wage earnings. This result is not explained by men's low financial literacy, nor by women's high income and good education. Rather, country characteristics may influence finance-specific gender equality, such as Thailand's small gender gaps in pupils’ mathematics abilities and secondary school enrollment, and women's strong role in financial affairs. This may indicate ways to reduce the gender gap in financial literacy elsewhere.Publication Metadata only How does research on sustainable human resource management contribute to corporate sustainability: A document co-citation analysis, 1982–2021(2021-11-01) Astrid Kainzbauer; Parisa Rungruang; Philip Hallinger; College of Management Mahidol UniversityWhile the field of human resource management (HRM) has a long research tradition, the focus on sustainability has only gained momentum since the turn of the millennium. This bibliometric review examined key documents that inform scholarship in sustainable human resource management (S-HRM). The review identified 807 Scopus-indexed documents on sustainability in human resource management published between 1982 and 2021. Bibliometric analyses applied to this database included document citation and co-citation analysis to map peer-recognized documents. The review documented an emerging knowledge base that is global in scope with contributions from a variety of regions in the world. Three ‘invisible colleges’ emerged in the visual map of co-cited documents. These include green human resource management (Green HRM) with a focus on environmental aspects of sustainability, corporate social responsibility (CSR), and S-HRM with a focus on analyzing all three aspects of the triple bottom line of corporate output. These document analyses found that this emerging literature on S-HRM is heavily weighted towards environmental concerns. The authors recommend that greater attention be placed on the contributions that HRM makes to the human and social aspects of sustainability.Publication Metadata only Influence of role models on the entrepreneurial skills of science and technology undergraduates(2021-01-01) Kittichai Rajchamaha; Jatupat Prapojanasomboon; College of Management Mahidol UniversityPurpose: This study examines the perspectives of undergraduate science and technology students in Thailand regarding the influence of various role models on their entrepreneurial skills. Design/methodology/approach: This study employed the single case study research method. Purposive sampling was used to select the participants. The sample consisted of 142 key informants, whose responses were analysed using a direct content analysis method. Findings: From the students' perspectives, entrepreneurial role models indirectly influenced their entrepreneurial skills. Practical implications: The findings have clear implications for educators and policymakers. Educational institutions should design and implement educational strategies that help connect informal learning gained from the family with formal training at higher education institutions. On-the-job or apprenticeship training should also be included as a component of course content. Originality/value: Our findings regarding the influence of role models differ from those of previous studies in relation to two of the four role models considered here. First, according to the students, their family environment has no direct impact on their entrepreneurial skills. In addition, science- and technology-based educational environments should adopt an entrepreneurial orientation to help students understand various market and business pressures, which will enable them to make a positive contribution to the workplace.Publication Metadata only Instructional leadership in a centralized and competitive educational system: a qualitative meta-synthesis of research from Turkey(2021-10-11) Sedat Gümüş; Philip Hallinger; Ramazan Cansoy; Mehmet Şükrü Bellibaş; College of Management Mahidol University; Adiyaman Üniversitesi; Karabük Üniversitesi; Aarhus Universitet; University of JohannesburgPurpose: This study sought to provide an understanding of what a culturally contextualized model of instructional leadership looks like in Turkey, and how this differs from models disseminated in the USA. Design/methodology/approach: This study employed qualitative meta-synthesis to systematically review the full set of 22 qualitative studies of instructional leadership in Turkey. A systematic synthesis strategy was applied to code the findings from each study to develop broad themes that describe key domains of principal instructional leadership practice. Findings: The results showed that instructional leadership of school principals in Turkey is composed of four main dimensions and ten subdimensions. The main dimensions include: (1) emphasis on national goals and competition, (2) maintaining the learning environment, (3) motivating and enabling teachers, and (4) monitoring program alignment and test results. Research limitations/implications: While broad dimensions of instructional leadership described in the international literature are relevant in Turkey, some practices used to enact those dimensions appear poorly aligned with the institutional–cultural context of Turkish schools. Thus, findings from this study support the assertion that the specific practices used to measure, assess and practice instructional leadership must be adapted to the context of a specific society. Originality/value: This paper contributes to international efforts to develop a globally validated knowledge base in educational leadership and management.Publication Metadata only Knowledge sharing from farmer/processor and the perceived benefits of processed banana consumers(2021-04-01) Tree Hirunyalawan; Vichita Vathanophas Ractham; College of Management Mahidol UniversityThis study aimed to find what knowledge can influence consumers to perceive benefit in order to make decision to purchase processed banana products in the Thai market. There might be an opportunity for farmers/suppliers to understand what knowledge they have and what can be shared with consumers. Consumers will also be able to benefit by justifying the money they spend. In-depth personal interviews and observations were adopted as the data collection approach by interviewing farmers who both grow bananas and sell processed banana products in the Thai market, as well as consumers who buy and consume processed banana products. The result found that knowledge sharing from farmers/processors to consumers is important. Knowledge from farmers/ processors should be considered and relevant information selected prior to sharing with consumers, based on five groups of consumer categories. In this study, knowledge from farmers/processors cannot target all types of consumers. There are some consumer segments that need different types of knowledge from various sources.Publication Metadata only The life course paradigm and consumer behavior: Research frontiers and future directions(2021-11-01) George P. Moschis; College of Management Mahidol UniversityAlthough researchers have been increasingly using life course perspectives for studying various types of consumption-related behaviors, they are yet to fully benefit from a recently developed multidisciplinary research approach, known as “the life course paradigm.” This paradigm is viewed as a theoretical orientation for the study of stability and change in thoughts and actions over time. It is used extensively across disciplines and internationally, but it has received limited attention in the consumer field; and it has the potential of helping researchers improve their efforts to study consumers over time. To help inform the reader about this paradigm and its assumptions, this article first presents a conceptual life course model and demonstrates its application. Next, it briefly discusses studies that have employed life course explanations of a variety of consumption-related activities, and interprets their results within the context of the life course model, identifying gaps and research questions that could be effectively studied using the life course paradigm. Finally, the article presents a research agenda on topics of interest to several groups of researchers, offering novel insights and innovative methods to help them think about how to study various types of consumer behavior over time within the life course conceptual blueprint.Publication Metadata only Market entry of over-the-counter nutritional supplement – a case study from Thailand(2021-01-01) Patama Sangwongwanich; Winai Wongsurawat; College of Management Mahidol University; Asian Institute of Technology ThailandLearning Outcomes: Teaching objectives are as follows: students need to understand the critical choices involved in introducing a product into a new market, including but not limited to the macroeconomic context, the target consumer segment, the positioning of the product, distribution channels, pricing and promotion strategy. Students must learn to appreciate the importance of anticipating the reaction of incumbents, and how such reactions may determine the success or failure of a new product entry into the market. Students develop skills to analyze complementarities between different distribution channels and understand how investments in developing one channel can result in positive or negative consequences in other channels. Case Overview/Synopsis: How can health products such as multivitamins and other nutritional supplements make headway into emerging markets that are moving up the ranks of middle-income economies? This case study investigates the case of Thailand, a country that in the early 1990s registered a per capita income comparable to Vietnam and Laos and Cambodia today. It illustrates, through the real experience of Pat – an executive of a local subsidiary of an American multinational pharmaceutical company – how a new entrant exploited the rapidly changing economic and retailing environment to become a successful player in an important and growing segment of consumer products. Complexity Academic Level: This case is suitable for master’s degree students or short-course executives. Supplementary materials: Teaching Notes are available for educators only. Subject code: CSS 11: Strategy.Publication Metadata only Overcoming Gender Gaps in Entrepreneurship Education and Training(2021-12-21) Nattavud Pimpa; College of Management Mahidol UniversityEntrepreneurship education and training are essential for female entrepreneurs who juggle family expectations, personal life, and new ventures at the same time. Indeed, generic entrepreneurship training may fail to promote understanding in gender literacy and its relationship with creating and managing business entities. To help address gender gaps, this article explores gender issues in the training process for female entrepreneurs, the researcher collected primary data from 28 trainers through personal interviews and secondary data from the 43 training evaluation forms from trainees who participated in the national entrepreneurship training programs in Thailand. The researcher identifies three themes that are related to gender gaps and effectiveness in the entrepreneurship training context. They include (1) gender mainstreaming, (2) gender-sensitive training approaches, and (3) the adoption of proper technology and innovation for female entrepreneurs. Secondary data also confirm that female entrepreneurs in this study address the need for professional development that promotes them to engage in gender competencies, technology, and innovation for new ventures. The opportunity for professional development can be limited by family and social commitments. Engaging with experienced female entrepreneurs and business role models can promote understanding in the three areas among female entrepreneurs. This article outlines a novel approach in synergizing gender issues, training, and entrepreneurship skills. It concludes with some explanations of the relative efficacy of entrepreneurship training that reduces gender gaps for female entrepreneurs.Publication Metadata only Practical Roadmapping Implementation: What We Learned From QinetiQ Group(2021-01-01) Yuta Hirose; Rob Phaal; Clare Farrukh; Nathasit Gerdsri; Sungjoo Lee; Mark O'dell; College of Management Mahidol University; Department of Engineering; Advanced Institute of Industrial Technology; Seoul National University; QinetiQRoadmapping supports innovation, technology, and strategic planning in a structured manner. However, its flexible and adaptable characteristics pose challenges to organizational implementation. We consider how one company, QinetiQ Group plc, a leading British multinational defense technology company, implemented roadmapping. Key dimensions we observed for effective roadmapping implementation and challenges are summarized.Publication Metadata only Readiness assessment for IDE startups: A pathway toward sustainable growth(2021-12-01) Nathasit Gerdsri; Nisit Manotungvorapun; College of Management Mahidol University; Bangkok UniversityInnovation-driven enterprises (IDEs) steer their businesses with ideas, technology, and innovation. However, many of them have limited resources, capabilities, and readiness to turn their valuable creativity into marketable products. For IDE startups to survive and achieve sustainable growth, they must seek financial and other, non-pecuniary support from governmental agencies and large corporate venture capitalists. Usually, governments and large firms need to determine the readiness level (RL) of IDE startups, in order to set up proper strategies for resource allocation, resource prioritization, and collaborative R&D to support startups. In addition, IDE startups themselves also need to perform self-assessment of their readiness level to identify rooms for improvement. This research addresses the significance of IDE readiness assessment. An assessment framework, connecting four dimensions, specifically technology, manufacturing, business, and commerce, is proposed, and three case examples are presented to demonstrate the application of the proposed framework.Publication Metadata only Seasoned equity offerings and differences in share-price impact by firm categories(2021-09-01) Saeed Md Abdullah; Simon Zaby; College of Management Mahidol University; Université Toulouse 1 CapitoleThe seasoned equity offering (SEO) market plays a significant role in the economic development of a country by providing liquidity for ongoing commercialization and innovation. This study is a comprehensive analysis of 149 SEOs and their effect on share prices in Thailand between 2009 and 2019. SEOs are categorized based on their time categories (early, mid, and grown) and volume categories (small, medium, big, and super). Using the event study methodology (multi-factor model), we find that most SEOs under both categories have a negative cumulative abnormal return (CAR) in the window period. Ranking the types of SEOs reveals that grown SEOs have the highest proportion of negative CAR under the time categories. Under the volume categories, medium SEOs show the largest share. The results were validated by regression assumption tests provided by Gnu Regression, Econometrics and Time-series Library, and correspond to established theories. The paper also contains an extensive literature review of studies examining the link between SEOs and share-price development. Our findings have important implications for corporations, investors, and regulatory bodies and can thus help in increasing market confidence for sustainable corporate funding.Publication Metadata only Sharing knowledge on the sustainable business model: An aquaculture start-up case in Thailand(2021-01-01) Montiean Pornparnomchai; Kittichai Rajchamaha; College of Management Mahidol University; Mahidol UniversityGiven the growing population and consumption, coupled with limited resources, sustainable ways of living are gaining importance in the modern world. This study aims to share knowledge regarding practices for transitioning from traditional business model (TBM) to sustainable business model (SBM) based on design thinking process and sustainability. An early-stage fish-cage aquaculture start-up (FCAS) in Thailand is used as our case study. The study adopts the descriptive qualitative case study approach. Design thinking, sustainability, and lean business model canvas (LBMC) are used as well. Data are collected from 15 participants including customers and stakeholders, using semi-structured interviews, field interviews, focus group discussions, and pilot testing. Direct content method is used to analyse data at the firm-level. Data triangulation helped improve completeness of findings. The results highlight that SBM, adapted from the LBMC, and its contributions can be used to share and reflect new knowledge on understanding of FCASs in Thailand.
