The study has implications on the examination of the validity of entrepreneurial competency. This article has
provided a comprehensive evaluation for understanding the measurement of entrepreneurial competencies in Thai
SMEs. However, several limitations are acknowledged, leading to suggested directions for future research. First,
this research was limited to validating the entrepreneurial competency based on confirmatory factor analysis.
Whereas, many researchers have used the resource-based and strategy-structure-performance views to examine
the associations between entrepreneurial competencies and firm performance, future research could apply these
views to ascertain antecedent and consequent relationships among resources, competency, competitive
advantage, and firm performance.
The study has implications on the examination of the validity of entrepreneurial competency. This article hasprovided a comprehensive evaluation for understanding the measurement of entrepreneurial competencies in ThaiSMEs. However, several limitations are acknowledged, leading to suggested directions for future research. First,this research was limited to validating the entrepreneurial competency based on confirmatory factor analysis.Whereas, many researchers have used the resource-based and strategy-structure-performance views to examinethe associations between entrepreneurial competencies and firm performance, future research could apply theseviews to ascertain antecedent and consequent relationships among resources, competency, competitiveadvantage, and firm performance.
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