Causal Factors Influencing Development of Organizational Survival for Companies Listed in Thailand

Abstract

This research aims to study the factors that influence development for the survival of business organizations in Thailand. Sample populations are 484 Limited companieswhich have been operating in Thailand for not less than 20 years. Using a sample size with the source of Business Top 1000. (2015-2016): Sustainable Development Strategies.The CEO Spectrum, Special Issue, by collecting data from representatives of the companies executive management, the five factors used in the ‘Structural EquationModel’ are Leadership, Management, Knowledge Management, High Performance and Organization Survival. The Survival of the organization is evaluated by using themeans of a quantitative research tool as an Estimations questionnaire. Data analysis, using statistics for Social Science by Descriptive statistic and Inferential statistics withComputer Program and Linear Structural Equation Model Analysis Program present the causal factors that can influence the survival of the organization. The results of the research showed the structural equation model causal factors that influence the development for the survival of business organizations in Thailand. The consistency of an index model that blends in with the empirical data can be seen from x² = 151.51, df = 125, p-value = 0.054, RMSEA = 0.021, GFI = 0.971 and AGFI = 0.946. The results of the analysis show that Management and High PerformanceOrganization can directly influence the positive performance towards the survival of the organization with a statistical significance at 0.01 with a path coefficient equalto 0.27 and 0.26 accordingly, whereas knowledge management does not have direct positive influence to the survival of the organization with a path coefficient equal to0.007 and lastly all the variables are interrelated and can explain the survival of the organization at 23 percent.