Overview

Original Research

GUIDELINES FOR INDUSTRIAL BUSINESSES IN PREPARATION TO USE CLEAN ENERGY

TADA LERTSINSONGSERM 1, SUNEE WATTANAKOMOL 2, and THANIN SILPCHARU 3.

Vol 17, No 06 ( 2022 )   |  DOI: 10.5281/zenodo.6827332   |   Author Affiliation: D.B.A. Candidate in Industrial Business Administration, Faculty of Business Administration, King Mongkut’s University of Technology North Bangkok, Thailand 1; Associate Professor in the Faculty of Business Administration, King Mongkut’s University of Technology North Bangkok, Thailand 2; Professor in the Faculty of Business Administration, King Mongkut’s University of Technology North Bangkok, Thailand 3.   |   Licensing: CC 4.0   |   Pg no: 2142-2156   |   To cite: TADA LERTSINSONGSERM, et al., (2022). GUIDELINES FOR INDUSTRIAL BUSINESSES IN PREPARATION TO USE CLEAN ENERGY. 17(06), 2142–2156. https://doi.org/10.5281/zenodo.6827332   |   Published on: 30-06-2022

Abstract

Energy resources are considered the fundamental factor of production. As the continuous expansion of the industrial sector is increasing, the demand for energy for production is too. Businesses around the world need to step into the transition from fossil fuel energy, to clean energy. This study aimed to investigate preparation guidelines for industrial businesses to use clean energy. Both qualitative and quantitative research was conducted. The findings would then be used to develop a structural equation model of such guidelines. Questionnaires were used to collect the quantitative data from 500 industrial business awarded Green Factory. Descriptive, referential, and multivariate statistics were employed to analyze the data. It was found that guidelines for industrial businesses in preparation to use clean energyincluded 4 components prioritized as followed: innovation and technology (X ̅ = 4.51), mindset (X ̅= 4.44), internal process X ̅ = 4.37), and resources (X ̅ = 4.35) respectively. The most important guideline item found in each component was: keeping up with the clean energy trend in order to develop innovation and clean energy production technology to keep pace and be ready for change; publicizing the guidelines for using clean energy in the organization through both online and offline media, comparing own organization's energy efficiency with similar entities, choosing to install a solar power generation system with quality solar cells, respectively. As for the hypothesis test, the study showed that the large industrial business recognized the importance of the preparation guidelines to use clean energy than the small and medium ones at the statistical significance level of 0.05.The analysis of the developed structural equation model revealed that it passed the assessment criteria and was consistent with the empirical data. The calculated values of probability of chi-square, the relative chi-square, the index of consistency, and the root mean squared error of approximation were 0.112, 1.136, 0.964, and 0.016, respectively.

Keywords

Structural Equation Model,Preparation, Industrial Businesses,Clean Energy