Achieving superior corporate performance and the characteristics of managerial dimensions : the stock exchange of Thailand

Abstract

Becoming a superior performance organization is an ultimate goal that most public and private organizations aspire to. This study of the characteristics of the managerial dimensions and achieving superior corporate performance of organizations listed on the Stock Exchange of Thailand is directed towards the major objectives as follows: 1) to explicitly understand and comprehend the reason why some organizations outperform other organizations? That is, superior performance organizations and superior performance organizations listed on the Stock Exchange of Thailand have been defined: 2) to investigate the relationship between the characteristics of managerial dimensions andachieving superior corporate performance, and then the extremely strong relationships between the key characteristics of managerial dimensions and superior performance have been identified; 3) to determine the best predictor of the superior performance of organizations and to propose the contribution of a model for determining the superior performance of organizations listed on the Stock Exchange of Thailand. The study is base on a non-experimental quantitative and qualitative design for the description and explanation of the phenomena surrounding achieving superior corporate performance. The quantitative research method is key. Survey, in-depth interviews, and documentary research have been applied. The results have found that the characteristics of managerial dimensions are able to drive organizations listed on the Stock Exchange of Thailand to achieve superior performance. The higher the score of the characteristic of managerial dimensions, the higher the score of achieving superior corporate performance. The perspectives of quality of human resources and the quality of organizational characteristics are extremely strong in association with achieving superior corporate performance (ASCP). The best predictor of organizations’ superior performance is the characteristic of managerial dimensions in terms of the following: 1) quality of human resource (QHR), 2) quality of organizational characteristics (QOC), 3) quality of strategic leadership level (QSLL), and 4) quality of systematic management (QSM). The best model for determining superior corporate performance is as follows: ASCP = f(QOC, QSLL, QHR, QSM) ASCP = 1.954 + 0.519*QOC + 0.371*QSLL + 0.498*QHR +0.331*QSM In addition, the vision and leadership role at the strategic leadership level, employees’ talent and good cooperation, support from key direct stakeholders such as suppliers of raw materials, customers, partners, and relevant government agencies, the efficiency of management systems and information technology systems, clear communication, risk management and conflict of interests regarding executives’ protection, all of these characteristics of managerial dimensions are important issues in helping organizations listed on the Stock Exchange of Thailand to achieve superior performance.