Applications for Organisation Management Strategy [5]
论文作者:匿名论文属性:短文 essay登出时间:2009-06-07编辑:刘宝玲点击率:12209
论文字数:5000论文编号:org200906071521279211语种:中文 Chinese地区:中国价格:免费论文
关键词:ApplicationsOrganisationManagementStrategyobjectives
agement and decision by committee help increase legitimacy and reduce personal bias in a firm's operations. Interestingly, Thai executives are paying particular attention to
corporate social responsibility (CSR) programmes more than in the past as they have realized the important effects from CSR activities on a firm's image and reputation. However, although firms are increasingly active in social activities, they have not integrated well into their strategies and core operations.
Peformance of Organisations
The perceptual performance of enterprises is employed in this study and comprised of 2 categories, financial and non-financial measures. The two categories consist of six items, according to performance indicators important for business operations. The reliability of each category is ensured by Cronbach's alpha. They are 0.885 and 0.854 for financial and non-financial performance respectively, which exceed the minimum level suggested by Nunnally (1967). The average scores of both financial and non-financial performance are 3.54 and 3.52 respectively.
Factor Analysis of Variables of Sufficiency Economy Principle
In order to efficiently conduct multiple regression analysis between variables of performance and sufficiency economy principles, factor analysis has been employed to reduce a large number of variables for further analysis. The technique of principle component analysis and the rotation technique namely "varimax with Kaiser Normalisation" have been employed. The groups of variables, classified by factor analysis, can be displayed in table 6.
Hypothesis Testing of the Sufficiency-Oriented Management Strategy and Performance Relationship
The investigation of the sufficiency-oriented management strategy and performance relationship is done using regression analysis. As organizational performance here is classified into two categories, financial and nonfinancial measures, the relationship has analysed according to the two aspects of performance. Subsequently, the sufficiency-oriented strategy and performance variables were analysed by multiple regression analysis to investigate their relationships. The results of the stepwise regression analysis are displayed in table 8.
From table 7, the regression equation is shown below.
Y = 3.556 + 0.259X1+ 0.206X2+ 0.196X3
R Square = 0.153
Y = Financial Performances (Ranging from 1 -5; l=least, 5=highest)
X^sub 1^ = Leverage financing and capital structure factor (Ranging from 1 -5; l=least, 5=highest)
X^sub 2^ = Thorough evaluation in investment projects factor (Ranging from 1 -5; l=least, 5=highest)
X^sub 3^ = Appropriate levels of growth and spending factor (Ranging from 1 -5; l=least, 5=highest)
* Please note that "other sufficiency-oriented management strategy factors" are omitted from the equation due to their insignificant impact on the financial performance factor according to the regression analysis
Therefore, the following alternative hypotheses are accepted:
H1 The greater the focus on the "Leverage financing and capital structure factor" of the moderation principle, the greater the positive impact on a firm's financial performance
Hl The greater the focus on the "Thorough evaluation in investment projects factor" of the moderation principle, the greater the positive impact on firm's financial performance
Hl The greater the focus on the "Appropriate levels growth and spending factor" of moderation principle, the greater the positive impact on firm's financial performance
According to reg
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