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This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License
Article
Developing an Organization Competencies Framework for SME(s) in Thailand
Author(s)
Pramoul Nurach, Damrong Thawesaengskulthai, Achara Chandrachai
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DOI:10.17265/1537-1506/2012.02.010
Affiliation(s)
Pramoul Nurach, Ph.D. candidate, Entrepreneurship and Innovation Management Department, Chulalongkorn University.
Damrong Thawesaengskulthai, Master, Associate Professor, Entrepreneurship and Innovation Management Department, Chulalongkorn University.
Achara Chandrachai, Ph.D. Professor Emeritus, Entrepreneurship and Innovation Management Department, Chulalongkorn University.
ABSTRACT
Employee competency is one of the important factors contributing to corporate performance. It is increasingly important and became a major focus on human resources department. Competency within the firms can be either buy or build. Current practice, multinational companies prefer to buy in competency through either buy talents from competitors or merge and/or acquisition with the aim of getting required competency in place. Buy in option might be quick option however SME(s) do not afford to follow this option therefore building competency internally is a favorable choice of option. This paper shows the results of the surveys to 770 SME(s) across three business types: manufacturing, trading and services. The results showed that SME(s) give priority and importance to planning, cultural awareness and decision-making/problem-solving competencies while stakeholder management and leadership competencies are least importance.
KEYWORDS
competencies, corporate performance, planning competency, cultural awareness competency
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References
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