Influence Factors Affecting Management Of Small Enterprises In Northeast Thailand

Abstract

Small enterprises are key goals to stabilizing the economy of a developing country; however, entrepreneurs still lack business administration experience. In this paper, we will give a view of the influence factor of small enterprises that entrepreneurship must be concerned with before they decide to set up a small business. For this research, we collected and analyzed data using both qualitative and quantitative methods. We conducted in-depth interviews with 45 entrepreneurs in northeast Thailand and analyzed the data collected by doing a content analysis. We also provide 400 questionnaires to entrepreneurs in 10 provinces in northeastern Thailand, and then we used factor analysis and multiple regression to analyze the data collected. From this analysis, we found seven factors that influence small enterprises: (1) knowledge and skills, (2) performance, (3) technology, (4) owner attitude, (5) motivation, (6) finances and capital, and (7) creativity. The total variance was 56.013%, and a Kaiser-Myyer-Olkin ( KMO) score of = 0.909 was obtained from this study.