THE COMPONENTS OF THE INNOVATIVE ORGANIZATION: EVIDENCE FROM THAILAND

Wannapa Wichitchanya, Supol Durongwatana and Pakpachong Vadhanasindhu

Review of Business and Finance Studies, 2012, vol. 3, issue 1, 13-21

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.

Keywords: Innovation; Innovative Organization; Corporate Structure; Biotechnology; Strategy (search for similar items in EconPapers)
JEL-codes: M10 M12 M14 (search for similar items in EconPapers)
Date: 2012
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