International Journal of Entrepreneurship (Print ISSN: 1099-9264; Online ISSN: 1939-4675)

Abstract

Factors Affecting the Success of Entrepreneurs in the Sustainable Administration of Small and Medium Construction Businesses

Author(s): Chananin Sajjachayaphan

The construction industry is encountering the uncertainty of an increasingly complex and competitive operating environment in the globalization era, especially small and medium-sized construction companies. A business that can survive requires effective management. The objective of this research was to study the factors affecting the success of entrepreneurs in sustainable management of small and medium-sized construction businesses. The data was collected from small and medium-sized construction business operators in Thailand. The analysis was made using multi-step statistics. The results revealed that the factors affecting the success of entrepreneurs in the sustainable management of small and medium-sized construction businesses consisted of 5 factors; management, finance and accounting, labor, economic, and sufficiency economy philosophy. This study presents the business management that must have all 5 factors to be applied altogether in developing the potential and increasing the efficiency of small and medium-sized construction businesses to overcome the volatile economic situation sustainably.

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