The effects of innovation capabilities and sufficiency economy philosophy on internationalization performance among entrepreneurial SMEs in Thailand

• Main Authors: Paochoo, Rapeepan, Ramayah, T., Ahmad, Noor Hazlina
• Format: Conference or Workshop Item
• Language: English
• Published: 2014
• Subjects: HB Economic Theory
• Online Access: http://repo.uum.edu.my/15705/1/Paochoo.pdf; http://repo.uum.edu.my/15705/; http://www.hiccob.uum.edu.my/index.php/ismec-introduction

Going global is now recognized as one of the important strategies for firms to enhance their business performance.However, the dynamic environmental condition of international business poses a lot of challenges to entrepreneurial firms due to their limited resources and capabilities. Various efforts have been put to understand this international business phenomena, nonetheless, the way in which innovation capabilities could be aligned with sufficiency economy philosophy to secure superior performance in the international aspect remains unclear.In this study, these two variables are, therefore, examined in relation to the internationalization performance of SMEs in Thailand.The study proposed a model drawn from the Resource-Based Theory.The value of this study lies in its effort to link innovation capabilities and sufficiency economy philosophy to the internationalization performance of SMEs in a developing country from the lens of the Resource-Based Theory.