Abstract
The main objective of this research is to study the relationships in the causal influences of cognitive capability, absorptive capability, dynamic knowledge management capability and strategic intuition capability using the method of consistency testing on the structural equation models with empirical data. The research samples consisted of 342 SME provincial champions entrepreneurs under the office of small and medium enterprises promotion. The findings indicated that the hypothesized relationships between the independent and dependent variables fit the empirical data. Specifically, it reveals that cognitive capability, absorptive capability, dynamic knowledge management capability and strategic intuition capability well responded to the empirical data. However, on the development of dynamic knowledge management capability and strategic intuition, it was found out that a genuine wisdom development by systematic knowledge management through the state of awake mental concentration could lead to the next stage of strategic intuition.
Highlights
Thailand, at present, is in the process of changing the economic structure to an era of Value-Based Economy under the concept of Thailand 4. 0 aimed to drive the country and making 3 dimensions change including 1) Changing from producing commodities to innovative products; 2) Changing from industrialization country to technological, creative and innovative country; 3) Changing from focusing on the product manufacturing to more services-oriented ( Office of the National Economic and Social Development Council, 2017)
When considering the results of the structural model analysis or the path coefficient of cognitive capability, absorptive capability, dynamic knowledge management capability and the strategic intuition capability, it was found out that every variable has a positive influence. cognitive capability variable has a causal influence on absorptive capability, dynamic knowledge management capability and strategic intuition capability, equal to 0.62 (SE = 0.08, t = 1.72), 0.19 (SE = 0.20, t = 3.67), 0.10 (SE = 0.10, t = 1.16)
It was found that the dynamic knowledge management capability has a causal influence on the strategic intuition capability, equal to 0.12 (SE = 0.06, t = 2.22) with statistical significance at the confidence level of 0. 05 and 0.01
Summary
At present, is in the process of changing the economic structure to an era of Value-Based Economy under the concept of Thailand 4. 0 aimed to drive the country and making 3 dimensions change including 1) Changing from producing commodities to innovative products; 2) Changing from industrialization country to technological, creative and innovative country; 3) Changing from focusing on the product manufacturing to more services-oriented ( Office of the National Economic and Social Development Council, 2017). Some academics suggest that changes in a fluctuating environment require a flexible and constructive plan (Hamel, 1996), as well as a proactive, continuous and diverse organizational management process (Brown & Eisenhardt, 1997). There are planning efforts to change the environment, individual adjustments and actions, it is still necessary to learn more about the decisions and actions of individuals involved in organizational processesม specially the viewpoint about the feelings, instincts and intuition of people in the organization. As can be seen from the research trends since 2000, researchers have placed importance on the study of strategies under the concept of intuition, which is continuously increasing and can explain the changing of the concentration on the study of strategies in different ways (Teece, 2018)
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