The purpose of this research is to study the factors related to the performance of the entrepreneurs who passed through the stages of business development at the university business incubators in Thailand. These factors consist of various characteristics, namely, leadership orientation, entrepreneurial orientation, network capacity, and innovative capacity. The sample group consisted of 220 businesses that had passed through a university business incubator in Thailand. The SPSS Statistics program calculated the basic statistics, as well as the relationship test for each factor studied, and examined the statistics using a structural equation model (SEM). The results revealed that the characteristics of leadership orientation, entrepreneurial orientation, network capacity, innovative capacity, and entrepreneurial performance had relationships in the same direction. Furthermore, an analysis of the relationships between the factors found that entrepreneurial orientation had positive relationships with network capacity and innovative capacity, leadership orientation had positive relationships with innovative capacity and entrepreneurial performance, and innovative capacity had a positive relationship with entrepreneurial performance. These relationships summarize a developmental model for the innovative capacity and performance of businesses that have passed through the university business incubators in Thailand.
This research aimed to study and develop the innovation capability indicators for entrepreneurs who created their businesses from public universities' incubators in Thailand. This study applied the inductive research method using critical analysis; the sample included 202 entrepreneurs' variables related to Confirmatory Factor Analysis to find the model's concordance and empirical data. The entrepreneurs who developed their businesses from incubators of universities in Thailand had the innovation capability for business management through the following factors: the change and management development process at lower costs to achieve more efficient management, the novel/innovative product development process to the market, the perceived product enhancement process through new and modern channels, and the use of contemporary digital convergence for innovation capability construction to further take advantage of business competition. The research results and contributions revealed that the measurement model of innovation capability developed from the three main factors: process innovation capability, product innovation capability, and market innovation capability, leading to value synergistic business creation and directed innovation.
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