Strategic Factors and the Role of Government in Driving Corporate Sustainability: A Case Study of Large Enterprises in the Stock Exchange of Thailand
DOI:
https://doi.org/10.61462/cujss.v55i2.4671Keywords:
Corporate Sustainability, Strategic Factors, Roles of GovernmentAbstract
This research aims to examine the strategic factors and the roles of the government in influencing the sustainability of enterprises in Thailand. It analyzes the relationships between key components, including leadership, organizational policies, employee and team, and innovation and technology. The study is based on data collected from 680 employees in large enterprises listed on the Stock Exchange of Thailand. The findings indicate that the integration of strategic factors and government support plays a crucial role in enabling businesses to achieve stable growth while aligning with sustainable development. The study reveals that visionary leadership with the ability to motivate employees has a significant impact on corporate sustainability. Additionally, organizational policies with clear strategic planning and strong employee engagement, facilitated through knowledge exchange and continuous training, are directly linked to an organization’s adaptability to business and environmental changes. Investment in innovations, particularly research and development (R&D), structurally drives sustainability. The government plays a critical role in supporting sustainability through policies promoting sustainable leadership, tax incentives for innovation investment, and the establishment of research and development centers to foster innovation. Furthermore, the development of collaboration among the government, private sector, and academic institutions accelerates the systematic transition of enterprises toward sustainable development.
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