The Causal Factors That Influence the Organization Performance of The Agricultural Machinery Industry

Abstract

This study tries to investigate 1) the impact of change management, human capital development, and the formation of business partnerships on the innovation management of the agricultural machinery industry in Thailand. 2) To investigate how innovation management influences the competitive advantage of the agricultural machinery business in Thailand. 3) To investigate the impact of innovation management on the competitive advantage of the agricultural machinery business in Thailand. Organizational performance of Thailand's agricultural machinery sector 4) To investigate the impact of competitiveness on the organizational performance of Thailand's agricultural machinery industry 5) Examine the approach to innovation management that influences the structure of the agricultural machinery industry in Thailand to develop policy suggestions and guidelines for innovation management in the agricultural machinery industry in Thailand. This study employs both quantitative and qualitative research methods. The cause and productive relationship of the farm machinery business was investigated using quantitative research. A questionnaire was administered to 380 executives in the farm machinery business, and phenomenology interviews were conducted with nine executives who were principally responsible for innovation management. The statistics utilized in the hypothesis were a confirmatory factor analysis of the second-order and a structural equation model. The research is based on hypotheses. Confirmatory factor analysis demonstrated that the hypothetical model corresponds well to the empirical data or that the model has a high degree of correctness. Considered from the chi-square ( )115.97 statistically significant at the level of 0.10 (p-value 0.10), chi-square ( )  is 1.18, and the Comparative Fit Index (CFI) is 1.00. The Goodness of Fit Index (GFI) was 0.97, and the Adjusted Goodness of Fit Index (AGFI) was 0.94. The benefit of this research can explain the relationship between—the cause and effect of innovation management on the organizational performance of the agricultural machinery industry on research theory. The study's results can be used in management as a guideline for managing innovation and technological advancement. Businesses need to adapt and respond to changing environments to survive stable growth and competitiveness in international markets, which leads to good results to happen to the organization in the future.