Thai firms tackle changing markets: Mining their talent is key to success

Abstract

Purpose

Reviews the latest management developments across the globe and pinpoints practical implications from cutting‐edge research and case studies.

Design/methodology/approach

This briefing is prepared by an independent writer who adds their own impartial comments and places the articles in context.

Findings

The overall survey results point to management support for corporate entrepreneurialism being related significantly to improving competitiveness. The use of rewards, recognition and opportunities for employees to determine their own activities and pursue their own agenda where appropriate are highly significant factors. Time allocated to idea generation and innovation activities appears to be less marked, however, than in previous studies elsewhere. One limitation to the findings is that it is concerned specifically with one industry; 181 operational managers provided usable responses but with all of them in manufacturing, this limits the way the findings can be generalized to other industries; at the same time, some companies who might have offered a different perspective did not give permission for the research to take place at all.

Practical implications

Provides strategic insights and practical thinking that have influenced some of the world's leading organizations.

Social implications

Provides strategic insights and practical thinking that can have a broader social impact.

Originality/value

The briefing saves busy executives and researchers hours of reading time by selecting only the very best, most pertinent information and presenting it in a condensed and easy‐to‐digest format.

Citation

(2011), "Thai firms tackle changing markets: Mining their talent is key to success", Strategic Direction, Vol. 27 No. 1, pp. 11-13. https://doi.org/10.1108/02580541111096548