THE INDUSTRIAL SECTOR'S NEEDS AND THE ROLE OF THE PROVINCIAL FEDERATION OF INDUSTRIES: EVIDENCE FROM THAILAND
Keywords:
Industrial Business, Provincial Federation of Industries, Structural Equation ModelAbstract
The Provincial Federation of Industry is recognized as a private-sector group that collaborates with provinces and municipalities to increase the productivity of Thai industries. However, it was determined that the administration of the Provincial Federation of Industries is not as effective as it should be, resulting in an inability to respond to the needs and satisfaction of the members in various aspects, such as a lack of a clear vision, a lack of business environment analysis, a lack of strategy formulation and implementation, and a lack of evaluation and control. Therefore, it is worthwhile to study the demands of the industrial business sector concerning the role of the Provincial Federation of Industries and construct a structural equation model of these needs. The quantitative data was gathered from 500 executives of industrial sector members of the Provincial Federation of Industries using multi-stage sampling: cluster sampling of within and outside industrial complex industries and the lottery technique. Descriptive, referential, and multivariate statistics were used to assess quantitative data. It was determined that the industrial business sector's needs regarding the role of the Provincial Federation of Industries were as follows:: management efficiency ( = 4.13) collaboration ( = 4.05), leadership characteristics ( = 4.05), and benefit ( = 3.99) respectively.