Research Journal of Business Management1819-19322152-0437Academic Journals Inc.10.3923/rjbm.2015.378.390PhusaluxJongdee BuatamaUrasa FongsuwanWanno 2201592The study was focused on finding ways to manage Thailands
private vocational colleges so that they might both survive and thrive under
a highly competitive environment. Currently, vocational education in Thailand
is a highly competitive business enterprise with competition coming from government
schools, international schools and other private sector schools which accounts
for almost 37% of the total educational system. The researchers therefore undertook
the development and validation of the effective management construct using confirmatory
factor analysis of strategic management and innovation management on Thai private
vocational colleges. A multi-stage random sampling was used to collect the sample
from 614 Thai college administrators. The questionnaire was employed as the
instrument for data collecting and PLS Graph was used for model verification.
Results illustrated from the Structural Equation Modeling that confirmatory
factors of innovation management and strategic management had both a direct
and indirect effect on administrator effective management. Trained industrial
staffs are now in short supply and this will only be exacerbated with the upcoming
2015 integration of 10 Southeast Asia nations. It is therefore, paramount that
vocational institutions, both private and public, develop strategic vision,
implement technological innovation such as flipped
classrooms while simultaneously
developing efficient and effective communication channels with industry and
state agencies that better serves the nearly 1 million Thai vocational school
students.]]>Barnett, A.M.,20052005Atkin, J.M.,1983112167188Avolio, B.J., B.M. Bass and D.I. Jung,199972441462Brown, W.B. and D.J. Moberg,1980pp: 16-17pp: 16-17Chou, C.M.,201228719739Chung, K.H. and L.C. Megginson,1981Drucker, P.F.,1989Drucker, P.F.,20072nd Edn.,Fazli, S. and A. Alishahi,201244116130Furnham, A. and B. Gunter,1993Gerawatanakaset, M.,20082008Gilli, A.C.,20012001Glickman, C.D., S.P. Gordon and J.M. Ross-Gordon,19953rd Edn.,Gronroos, C.,199432420Hanson, E.M.,19913rd Edn.,Pages: 797Pages: 797Howell, J.M. and K.E. Hall-Merenda,199984680694Hoy, W.K. and C.G. Miskel,19914th Edn.,Jackson, P.W.,1983112143166Lee, T.Z. and Y.F. Tseng,20051461161178Likert, R.,1932140155Likert, R.,19721972pp: 101-119pp: 101-119Lockwood, G.,19851985pp: 24pp: 24MOE.,20042004pp: 181NEA.,19991999Parmelli, E., G. Flodgren, F. Beyer, N. Baillie, M.E. Schaafsma and M.P. Eccles,20112011Pearce, II, J.A. and R.B. Robinson,20007th Edn.,Okirima, E.M.,201328999Rovinelli, R.J. and R.K. Hambleton,197724960Sammons, P., J. Hillman and P. Mortimore,19991999Sangboonnum, C.,20102010Schofield, A.,19911991Strayer, J.F.,201215171193StudyLands,20142014Werner, J.M. and R.L. Desiimon,2006Wheelen, T.L. and J.D. Hunger,20002000Wright, P.M. and S.A. Snell,19911203225Glickman, C.D., S.P. Gordon and J.M. Ross-Gordon,20015th Edn.,