Second,limited access to capital: several SMEs have not been able to increase capital via stock
markets because of a lack of know-how. Meanwhile, borrowing from commercial
banks is very costly and hard to get approved. Third, lack of entrepreneurship: most
Thai SMEs are family-run businesses handed down from father to son which rely on
their own limited experience. This traditional style of business may work well for a
local market but may be far below the acceptable standards for an international market.
Fourth, poor state management in SME promotion: this weakness falls on the Thai
government. SME promotion has been under government consideration for many
years. However, government agencies are not ready to play an effective role in
promoting SMEs (OSMEP, 2002).