Title: The impacts of strategic adaptation capability, goal achievement excellence, and stakeholder expectation fulfilment on dynamic corporate competitiveness: empirical evidence from the Thai economy

Authors: Wasin Phetphongphan; Atthaphon Mumi

Addresses: Faculty of Management Science, Sakon Nakhon Rajabhat University, Sakon Nakhon, 47000, Thailand ' Mahasarakham Business School, Mahasarakham University, Maha Sarakham, 44150, Thailand

Abstract: The literature emphasises the importance of a firm's dynamic capabilities in responding to rapid changes in the environment. However, research on the antecedents of firms becoming dynamic is limited. This study thus focuses on dynamic corporate competitiveness (DCC) to demonstrate a firm's ability to adapt in order to gain a competitive advantage in an uncertain environment. In addition, we propose three influential factors that would lead to improved DCC: strategic adaptation capability (SAC), goal achievement excellence (GAE), and Stakeholder expectation fulfilment (SEF). We employed structural equation modelling (SEM) to investigate the proposed relationships using a sample of 156 companies from Thailand. The results found that GAE and SEF have positive and significant effects on DCC. Interestingly, we found no empirical evidence of the impact of SAC, which led to a discussion of context-specific results. This study contributes to the literature regarding dynamic capability as well as triggers further discussion of adaptation capability and dynamic capabilities for firms.

Keywords: SAC; strategic adaptation capability; GAE; goal achievement excellence; SEF; stakeholder expectation fulfilment; DCC; dynamic corporate competitiveness; dynamic capabilities.

DOI: 10.1504/IJTPM.2024.139433

International Journal of Technology, Policy and Management, 2024 Vol.24 No.3, pp.229 - 243

Received: 01 Apr 2023
Accepted: 19 Jul 2023
Published online: 02 Jul 2024 *

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