Entrepreneurial competencies of Burmese expatriates in Thailand

This study examines the entrepreneurial competencies of Burmese expatriates in Thailand, focusing on factors influencing their business success: legal challenges, networking, and adaptability. Legal barriers, such as foreign ownership restrictions and lengthy permit processes, were cited by 67% of respondents as significant obstacles. Networking was vital, with 60% emphasizing the role of community support in securing financial resources and market insights. Adaptability, identified by 80% of respondents as crucial, enabled entrepreneurs to adjust strategies to fit the Thai market and regulations. Moderate cultural barriers, reported by 47%, were often mitigated through social connections that helped navigate language differences and cultural norms. The study highlights the interplay between entrepreneurial competencies like adaptability and risk management, and external support systems, which significantly impact business growth. Distinctions between adaptability (proactive strategy) and adjustment (reactive response) underline the importance of strategic flexibility. Risk management, including market analysis and diversification, was also key to navigating uncertainty. The findings underscore the need for legal reforms, community support, and skill development to enhance the success of Burmese entrepreneurs in Thailand.