KEY SUCCESS FACTORS FOR ENTREPRENEURS IN THE HEALTHCARE BUSINESS OF THAILAND

  • Tanapol Kortana Suan Sunandha Rajabhat University, Bangkok
Keywords: success factors, entrepreneurs, healthcare business, Thailand

Abstract

Healthcare business in Thailand has been hugely popular among foreigners and retired persons especially. The research presented here focuses on the question “How to become and remain a healthcare entrepreneur?”. The objectives have been formulated in the following way: 1) to study the success factors of the healthcare business in Thailand, and 2) to analyze the key success factors of entrepreneurs in this field. The population of the study is 6,717 people. The sample group has been 315 people, the stratified random sampling has been applied. The key success factors include education, investment plan, place/location, nurses, supporting staff and strategy. Education has got the highest score - 0.75. Most entrepreneurs have graduated with a bachelor degree or higher. The second comes strategy with the score of 0.636. As this business is quite famous, the competitors apply various strategies to get more customers, both local and international. Information technology and 4Ps are used for campaigns, for example. The lowest score in terms of business success impact got the investment plan with 0.528.

Author Biography

Tanapol Kortana, Suan Sunandha Rajabhat University, Bangkok

Dr., Ph.D. in Innovative Management

College of Innovation and Management, Suan Sunandha Rajabhat University,

interests – Innovation, Management, Change Management

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Published
2018-07-31
How to Cite
Kortana, T. (2018). KEY SUCCESS FACTORS FOR ENTREPRENEURS IN THE HEALTHCARE BUSINESS OF THAILAND. The EUrASEANs: Journal on Global Socio-Economic Dynamics, (4(11), 83-88. https://doi.org/10.35678/2539-5645.4(11).2018.83-88