INTEGRATED PERSONAL DEVELOPMENT MODEL FOR SMEs’ BUSINESS PERFORMANCE IN THAILAND
Personnel development in the workplace of small and medium sized enterprises (SMEs) will affect the business performance in the transition to the modern economy driven by innovation. The objective of this research is to find a suitable approach to develop excellent SMEs entrepreneurs with excellence, consisting of happy workplace, transformational leadership, learning organization, and organizational commitment. Questionnaires were used as a quantitative research tool to collect the data from 500 employees in SMEs in Nakhon Pathom Province, Thailand. Structural Equation Modeling (SEM) was used as analyzing statistics.The results found that the learning organization is most appropriate, which has direct and indirect effect on business performance.The mediating effect of organizational commitment on the relationship between learning organization and business performance was found. The results of this research will be beneficial to entrepreneurs, the government, and educational agencies to be used as a guideline to form the policy and conduct further research. It is the development of SMEs that currently have high business competition from both internal and external competitors due to the opening of free trade and economic driving with modern innovation.