The impacts of strategic adaptation capability, goal achievement excellence, and stakeholder expectation fulfilment on dynamic corporate competitiveness: empirical evidence from the Thai economy
by Wasin Phetphongphan; Atthaphon Mumi
International Journal of Technology, Policy and Management (IJTPM), Vol. 24, No. 3, 2024

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.

Online publication date: Tue, 02-Jul-2024

The full text of this article is only available to individual subscribers or to users at subscribing institutions.

 
Existing subscribers:
Go to Inderscience Online Journals to access the Full Text of this article.

Pay per view:
If you are not a subscriber and you just want to read the full contents of this article, buy online access here.

Complimentary Subscribers, Editors or Members of the Editorial Board of the International Journal of Technology, Policy and Management (IJTPM):
Login with your Inderscience username and password:

Username:        Password:          Forgotten your password?

Want to subscribe?
A subscription gives you complete access to all articles in the current issue, as well as to all articles in the previous three years (where applicable). See our Orders page to subscribe.

If you still need assistance, please email subs@inderscience.com