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The Components Of The Innovative Organization: Evidence From Thailand

Author

Listed:
  • Wannapa Wichitchanya
  • Supol Durongwatana
  • Pakpachong Vadhanasindhu

Abstract

This paper examines the components of the innovative organization in Thailand. The mixed method was used in gathering the data that can be categorized in two parts. Qualitative collection used focus group discussion in an R&D unit. The findings revealed that employees understood the innovation concept and the importance of innovation. This understanding could enable the company to compete in new business environments. In the quantitative element of the study, data were gathered from 152 employees by questionnaire. The results showed the means of innovative firm factors, company infrastructure, external confidence, clear objectives, team constitution, external influence, freedom, attitude toward risk, internal confidence, department growth and development, were not very different and the work period affected the perception of employees. The employees recommended that firms should create an innovative culture, set innovative behaviors as the work standard, and that communication among individuals, groups, and organizations would help employees create new ideas and implement their ideas.

Suggested Citation

  • Wannapa Wichitchanya & Supol Durongwatana & Pakpachong Vadhanasindhu, 2012. "The Components Of The Innovative Organization: Evidence From Thailand," Review of Business and Finance Studies, The Institute for Business and Finance Research, vol. 3(1), pages 13-21.
    • Handle: RePEc:ibf:rbfstu:v:3:y:2012:i:1:p:13-21
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    More about this item

    Keywords

    Innovation; Innovative Organization; Corporate Structure; Biotechnology; Strategy;
    All these keywords.

    JEL classification:

    • M10 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - General
    • M12 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Personnel Management; Executives; Executive Compensation
    • M14 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Corporate Culture; Diversity; Social Responsibility

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