The impact of dynamic capabilities and dynamic performance measurement on competitive performance: evidence from Thai hotel entrepreneurs

Kanittha Pattanasing (), Somnuk Aujirapongpan (), Supit Ritkaew (), Anuman Chanthawong () and Sirichai Deelers ()
Additional contact information
Kanittha Pattanasing: Maejo University, Thailand
Somnuk Aujirapongpan: Walailak University, Thailand
Supit Ritkaew: Walailak University, Thailand
Anuman Chanthawong: Suratthani Rajabhat University, Thailand
Sirichai Deelers: Silpakorn University, Thailand

Entrepreneurship and Sustainability Issues, 2021, vol. 8, issue 3, 10-28

Abstract: This research aims to provide empirical evidence on the causal relationships among the effects of dynamic capabilities and the dynamic performance measurement on high performance organizations (HPOs) and the competitive performance of hotel businesses in a world-class tourism destination of Thailand. The research using questionnaires to collect data from 115 hotel businesses located at a world class tourism destination in Thailand. The data were first analysed using descriptive statistics and then confirmatory factor analysis and structural equation modelling were conducted. The study results reveal that the causal relationship model fit the empirical data ( 2 = 74.39, p-value = 0.15, 2/df = 1.18, CFI = 0.99, GFI = 0.92, NFI = 0.96, RMSEA = 0.04, and SRMR = 0.03). In addition, the results also indicate that the dynamic capabilities have a direct positive effect on dynamic performance measurement. The study reflects that being a HPO not only has a direct positive effect on competitive performance but is also a complete mediator in transferring the effects of the dynamic capabilities and dynamic performance measurement to competitive performance. Under an increasingly dynamic environment, traditional performance measurement innovations that only consider measurement and management tend to lead to imperfections and lower benefits. Additionally, traditional performance measurements are static characteristics; therefore, it is essential to catch up with the dynamic environment. This research will provide empirical evidence of the causal relationship of how dynamic capabilities and dynamic performance measurement affect a HPO and competitive performance towards excellence under a dynamic environment.

Keywords: dynamic capabilities; dynamic performance measurement; high performance organization (search for similar items in EconPapers)
JEL-codes: E22 G34 M40 (search for similar items in EconPapers)
Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://jssidoi.org/jesi/uploads/articles/31/Patta ... el_entrepreneurs.pdf (application/pdf)
https://jssidoi.org/jesi/article/766 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ssi:jouesi:v:8:y:2021:i:3:p:10-28

DOI: 10.9770/jesi.2021.8.3(1)

Access Statistics for this article

Entrepreneurship and Sustainability Issues is currently edited by Manuela Tvaronaviciene

More articles in Entrepreneurship and Sustainability Issues from VsI Entrepreneurship and Sustainability Center
Bibliographic data for series maintained by Manuela Tvaronaviciene ().