Academy of Strategic Management Journal (Print ISSN: 1544-1458; Online ISSN: 1939-6104)


The Second Order Confirmatory Factor Analysis Strategies Toward Sustainable Excellence in the Industrial Sector

Author(s): Thanin Silpcha, Wisut Noongam

Increasing the efficiency of management of industrial business sector is the foundational growth of Gross National Product (GDP), which affects sustainable competitiveness of a country in a long term. The research objective is to study the management strategy toward sustainable excellence in the industrial sector. It is a survey research to collect quantitative data from 500 executives about quality systems and sustainability in industrial organizations by using Second order Confirmatory Factor Analysis, consisting of 5 elements: Planning, Digital Technology, Workforce, Customer Focus, and Leadership. The analyzed model shows evaluation criteria, consistent with the empirical data, Chi-square at the probability level at 0.077, Relative Chi-square is 1.125, Goodness of fit Index is 0.992, and Root Mean Square Error of Approximation is 0.016.

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