Causal model of strategic cost management tools on the corporate competitive advantage and operational performance in the industrial estates in Thailand

Abstract

The objectives of this research are to develop the causal model of strategic cost management tools on the corporate competitive advantage and operational performance in the industrial estates in Thailand and to examine the consistency of the causal model with the empirical data by analyzing the relationship model of the causal factor variables including the feature cost, activity based management cost, product life cycle cost, quality cost, target cost, and value chain management, the transmitting including the low cost leader model, difference leader model, and specific leader model, and the factors that are dependent variables including the competitive advantage and operational performance. The LISREL 8.80 program is applied to compare the harmonization between the developed models and the empirical data using the criteria for examining the consistency of the developed model and the empirical data. This is consistent with the analysis results of Goodness of fit index (GFI) equaling to 1.000, Adjusted Goodness of Fit Index (AGFI) equaling to 0.9680 which approaches 1, and Root Mean Squared Residual (RMR) equaling to 0.02104 which approaches zero. The research results can use the causal model of strategic cost management tools on the corporate competitive advantage and operational performance in the industrial estates in Thailand.