Proceedings of 29th International Business Research Conference 24 - 25 November 2014, Novotel Hotel Sydney Central, Sydney, Australia, ISBN: 978-1-922069-64-1 The Young Entrepreneurial Development Project in Thailand: The Case of Pongyangkok, Lampang Natcha Petchdakul* and Suteera Thipviwatpojana** This research is the community participatory action research (PAR) in “Pongyangkok”, a small town in Lampang Province of Thailand, using mixed method between quantitative and qualitative research. The objectives were to study the situation of youth’s problem in the community including their capability, attitude, needs, and readiness for being the young entrepreneurs. There were two target populations in this study—the first were 44 youths aged between 15-22 years old, and the second were the community leaders, owners of the community enterprises, and the youths’ parents. The research was conducted in the year 2013 by collecting data through questionnaire survey, focus group, in-depth interview, and community meeting and brainstorming. Information obtained then was quantitatively analyzed using descriptive statistics such as mean levels of the youths’ entrepreneurial characteristics. In-depth qualitative information was also content analyzed to synthesize the whole picture of new knowledge obtained from the research together with the research suggestions in order to help develop these youths to be capable and ready for being young entrepreneurs of their local community enterprises. The outcomes showed that even though the problem situation of the youth in Pongyangkok was not severe since the local governmental sector, parents, community leaders, and the monks all together have helped oversee and create the appropriate social activities for the youth. However, the leaders and parents were so worried about the use of free time of their children, especially, in working for the parents or the community enterprises since most of the new graduates now prefer to work as the white collar staff in private companies locally or other provinces. However, the findings from the youths’ interview and survey also revealed that they were interested in being entrepreneurs but still lacked of knowledge and skills, especially the risk taking characteristic which is important for being entrepreneur. Field of Research: Management 1. Introduction Nowadays, Thai children and youth are surrounded by temptation and risky for being convinced to the wrong way due to some inappropriate western culture; therefore, it is very easy for these children and youth to be lured into the inappropriate environment and abused. Information from ABAC Poll on April 19th, 2012 revealed almost a million drug abuses in Thai youth. The same situation took place in Lampang Province, located in the northern part of Thailand closed to Chiangmai, where materialism has invaded during the last few years, bringing in some western consumerism culture. For example, during water festival (Songkran day) in April which is a Thai traditional holiday, there were many Lampang youths dancing in the western style but more unconscious on the street while some others drank beer or alcohol during watering other people. *Dr. Natcha Petchdakul, Department of Management Science, Lampang Rajabhat University, Thailand. Email: nat_chap@hotmail.com ** Suteera Thipviwatpojana, Lampang Rajabhat University, Thailand. 1 Proceedings of 29th International Business Research Conference 24 - 25 November 2014, Novotel Hotel Sydney Central, Sydney, Australia, ISBN: 978-1-922069-64-1 Together with the hard- working parents, having little time to spend with and teach their children, these youngers conducted wrong behaviours such as school absence, drug addiction, and etc. If we do nothing, in the long run, these youths will lose their opportunities to grow up as quality adults. Moreover, the previous survey to discover the communities’ needs for support from the university showed that Tambon Pongyangkok, which is a town in Lampang, was interesting for conducting this research project due to its active leader and followers who are willing to cooperate with the governmental sector in developing their community and wanted to have the project that helps develop the youths to become entrepreneurs and spend their free time more effectively. Therefore, this research was aimed to study the situation of youth’s problem in the community including their capability, attitude, needs, and readiness for being the young entrepreneurs in Pongyangkok. The outcomes of the study will be used to develop the youth to become the capable young entrepreneurs for their community enterprises. The research was conducted to study the situation, problems and obstacles of the local community enterprises, followed by the survey and interview to obtain the information regarding youth’s capability, attitude, and needs for being the young entrepreneurs. The theories and concepts used in this research include entrepreneur and entrepreneurship, community enterprise, youth and career, in order to develop the reliable and efficient research method. 2. Literature Review 2.1 Entrepreneurship Entrepreneurship is the process of starting a business or other organization. It is an essential element for economic progress as it manifests its fundamental importance in different ways: a) by identifying, assessing and exploiting business opportunities; b) by creating new firms and/or renewing existing ones by making them more dynamic; and c) by driving the economy forward through innovation, competence, job creation- and by generally improving the wellbeing of society The entrepreneur develops a business model, acquires the human and other required resources, and is fully responsible for its success or failure. According to Bula (2012), the entrepreneur acts in the static world of equilibrium, where he assesses the most favorable economic opportunities. The payoff to the entrepreneur is not profits arising from risk-bearing but instead a wage accruing to a scarce type of labor, the role of the entrepreneur is separated from that of the capitalist. In his "Principles of Economics," the early neo-classical economist, Alfred Marshall, also devoted attention to the entrepreneur. In addition to the risk bearing and management aspects emphasized by Cantillon (1959) and Say (1767-1832), Marshall introduced an innovating function of the entrepreneur by emphasizing that the entrepreneur continuously seeks opportunities to minimize costs. There are three basic ideas that explain the appearance of entrepreneurial activity. The first focuses on the individual, in other words, entrepreneurial action is conceived as a human attribute, such as the willingness to face uncertainty (Kihlstrom and Laffont, 1979), 2 Proceedings of 29th International Business Research Conference 24 - 25 November 2014, Novotel Hotel Sydney Central, Sydney, Australia, ISBN: 978-1-922069-64-1 accepting risks, the need for achievement (McClelland, 1961), which differentiate entrepreneurs from the rest of society. The second fundamental idea emphasizes economic, environmental factors that motivate and enable entrepreneurial activity, such as the dimension of markets, the dynamic of technological changes (Tushman and Anderson, 1986), the structure of the market – normative and demographic- (Acs and Audretsch, 1990) or merely the industrial dynamic. The third factor is linked to the functioning of institutions, culture and societal values. These approaches are not exclusive (Eckhardt and Shane, 2003), given that entrepreneurial activity is also a human activity and does not spontaneously occur solely due to the economic environment or technological, normative or demographic changes. 2.2 Community Enterprises Community Enterprises are multifunctional organizations engaged in several different kinds of initiative designed to contribute to local regeneration in a holistic way, and include democratic governance structures which allow members of the community or constituency they serve to participate in the management of the organization (Pearce, 2003). This definition is similar to what Voluntary Action Lochaber (2002) mentioned-- ―a community enterprise is a non-profit-making organisation which is controlled and run by local people in the community. It is sustainable in the sense that it manages to raise enough funds through its activities or through fundraising in order to make ends meet financially.‖ In Thailand, community enterprise means a sustainable commercial enterprise which is owned and controlled by the local community. It aims to create jobs and related training opportunities and to encourage local economic activity. Profits are used to create more jobs and businesses and to generate wealth for the benefit of the community. In addition, it helps protect and maintain the conventional wisdom of local Thai culture through the process of co-operation and management among the local people. Also, it creates selfsufficient economy among the enterprise’ members and others surrounded in the community. In Pongyangkok, there are a few community enterprises both in official and unofficial format. The group called ―Coconut shell‖ is the unofficial one that was established by those who are interested in processing the waste of coconut shell to become gifts such as key chain and pen holding or home decorates such as mobile, lamp, etc. (see pictures) Figure 1 Products Processed from Coconut-Shell Waste 3 Proceedings of 29th International Business Research Conference 24 - 25 November 2014, Novotel Hotel Sydney Central, Sydney, Australia, ISBN: 978-1-922069-64-1 This group comprises of around 10 people who want to create products to generate additional income while they can stay at home and having their relatives to help produce the products. By doing so, children and youth in the community can come to work for them during free time in exchange for some money. Moreover, many conventional wisdom issues and stories were told and explained from the adults to these younger during they were working for the group. Therefore, it is very crucial and useful to conserve this kind of community enterprise in order for the youth to kill their free time smartly, to help train them how to work or to become entrepreneur, and to maintain the precious conventional wisdom of the community. 2.3 Youth and Career ―Youth‖ has the international definition defined by the United Nation as ―People in young age having 15-25 years old, they are those who connect between children and adults (Wikipedia, 2012) and those who feel worried about their image and the surroundings much much more than other ages‖ However, the meaning of ―youth‖ in this research refers to the nature and lifestyle of Tambon Pongyangkok, and since the concept of entrepreneur in this research needs to be applied in the target youth who were studying in the secondary level or higher, researchers, therefore, agreed that the youth in this study should be those who aged between 15-22 years old and were studying in the secondary level, vocational until the university level. The Thai Chamber of Commerce together with the Global Entrepreneurship Week Thailand and their alliances had mentioned in the press release before organizing ―the World Entrepreneur Week‖ in the year 2012 that ―Thailand and other 123 countries around the world had emphasized on the social entrepreneurship, technological entrepreneurship, environmental entrepreneurship, women entrepreneur, and creative thinking entrepreneurship with the target group of new generation entrepreneurs aged below 35 years old including the youth in order to inspire them to have imagination, innovative and creative thinking, and make the dreams come true.‖ In addition, Thailand Research Fund intended to see Thai youth understand their community economy by the learning process outside classroom created by research works by promoting and funding the youth’s community economy research projects. Therefore, promoting entrepreneurship in youth is very important both at national and international level. 4 Proceedings of 29th International Business Research Conference 24 - 25 November 2014, Novotel Hotel Sydney Central, Sydney, Australia, ISBN: 978-1-922069-64-1 3. The Methodology and Model This research is the community participatory action research (PAR) using tools such as questionnaire survey, focus group, in-depth interview, and community meeting and brainstorming, which emphasize all stakeholders’ and community’s participation. The research combined both qualitative and quantitative techniques or so called—the mixedmethod research by having the following steps: 1. In-depth interviewing the community leader, community enterprise leaders, and the youth’s parents to obtain the information about the community enterprise and youth situation and problems including the solutions upfront. 2. Surveying and interviewing the target youths in the area to assess their capability, attitude, readiness, and needs to be the young entrepreneurs. 3. Qualitatively and quantitatively data analysis and conclusion to prepare the guidelines for developing young entrepreneurs together with the local government (Tambon) and community enterprises. This research had two main target populations: 1. First, they were the youth aged 15-22 years old, or those who studied in between secondary school and university including vocational or college and lived in Tambon Pongyangkok. The reason to target this age group is because the entrepreneurial concept needs person who already has some knowledge or experience about the real entrepreneur and can also take responsibility about inventory control or accounting including cash management. 2. Second, they were those who involved with the community enterprises or businesses, both from the governmental sector or private sector living in Tambon Pongyangkok. The information obtained was further analysed both qualitatively and quantitatively. For quantitative data, the questionnaire survey adapted from the one that assesses the entrepreneurial characteristics or PEC. All fifty-five questions are divided into 10 aspects using five-point rating scale. The survey was done in the 44 target youths aged 15-22 years old living in Tambon Pongyangkok who came to the youth camp at Wat (temple) Toong Bor Pan. Then, descriptive data analysis was used to identify mean values of various aspects of the sample’s entrepreneurial characteristics, and the values were ranked according to the standard set by Best (1981) as the lowest level until the highest level of means. For qualitative data obtained by various methods such as open-ended questions, brainstorming, interviewing, focus group, role playing, and observing all the stakeholders regarding the situation of community enterprises and businesses, the situation of the youth problems, expectation towards this project by the youths and their parents, and the outcome they need from the project. All qualitative data then was analysed using content analysis to synthesize the whole picture and knowledge received from the research including suggestions and lesson learned which are useful to the community, youth, and also researchers. 4. The Findings The results from the research are divided into 3 parts: the field trip to the Office of Tambon Pongyangkok, the field trip to the youth camp and survey at Wat Toong Bor Pan, and the field trip to Moo 2 community in Toong Bor Pan village, Tambon Pongyangkok. 5 Proceedings of 29th International Business Research Conference 24 - 25 November 2014, Novotel Hotel Sydney Central, Sydney, Australia, ISBN: 978-1-922069-64-1 4.1 The Field Trip to the Office of Tambon Pongyangkok The researchers went to the governmental office of Tambon Pongyangkok in order to introduce the objectives of the project and get cooperation and support from the staff for connecting to the youth network in Tambon Pongyangkok. The Mayor and his representatives gave us the information about the youth council in Tambon, which was founded in order to manage activities involving the youth. There were the committees of youth who were assigned to handle various activities to train themselves how to work together systematically. In addition, the representative from Tambon did suggest that since the target youth in this study had studied in secondary schools or colleges or universities located far away outside the community, researchers need to conduct the study and arrange the activities on weekends when the youth came back home. Figure 2 Researchers Met the Representatives from Tambon Pongyangkok and the Youth Council In order to communicate with the youth effectively and efficiently, researchers used ―Facebook‖ which was compatible with the youths’ lifestyle to ask them to think about products in their community that would be used as the pilot subject to be sold. Moreover, this social media was also used to make appointment and talk to the youth about being entrepreneurs. However, the representative form Tambon did warn us that since the youth in this age started to work part-time, work as trainee, or have their own social activities; therefore, they might not have time to participate in the project, which was confirmed by the fact that they did not respond back to researchers at all via the ―Facebook.‖ Therefore, according to the representative’s suggestion, researchers decided to focus on Toong Bor Pan Village, located in Moo 2 of Tambon Pongyangkok since there was the energetic and active leader called ―Poo Yai Bann‖ who was more willing to cooperate with the researchers. 4.2 The Field Trip to the Youth Camp at Wat Toong Bor Pan, Tambon Pongyangkok The second field trip to the youth camp at Wat Toong Bor Pan was aimed to seek for the new youth group and to collect data about their capability, needs, and readiness for being entrepreneurs. This activity was accommodated by Tambon Pongyangkok who organized the youth camp at Wat Toong Bor Pan, which allowed the researchers to introduce the objectives of the project and to ask for the interested youth in this project. This time, there were 44 youths showed their interest and responded well to the project; therefore, they were asked to give us their name, address, telephone number, and e-mail address in order for us to contact back later. Also, the youths were asked to fill out the survey questionnaire and open-ended questions to discover their capability, needs, and readiness to be young 6 Proceedings of 29th International Business Research Conference 24 - 25 November 2014, Novotel Hotel Sydney Central, Sydney, Australia, ISBN: 978-1-922069-64-1 entrepreneurs. The data obtained then would be used to prepare the appropriate content and format of the learning process for the youth. Figure 3 The Field Trip to the Youth Camp at Wat Toong Bor Pan, Tambon Pongyangkok 4.2.1 The Survey Results about the Youth’s Capability, Attitude, Needs, and Readiness for being Young Entrepreneur in Tambon Pongyangkok The questionnaire survey adapted from PEC comprising 55 questions was conducted to figure out the youth’s capability, attitude, needs, and readiness for being young entrepreneur. The measurement for these variables were 5-point rating scales ranging from the least to the most and the target sample were 44 youths joining the camp organized at Wat Toong Bor Pan, Tambon Pongyangkok. The survey revealed the outcomes as shown in Table 1 7 Proceedings of 29th International Business Research Conference 24 - 25 November 2014, Novotel Hotel Sydney Central, Sydney, Australia, ISBN: 978-1-922069-64-1 8 9 Table 1 Entrepreneurial Characteristics of the Youth (n=44) Aspects of Entrepreneurial Average Mean Level of the Characteristics Values* Means** Opportunity seeking 3.30 Moderate Work responsibility and association 3.25 Moderate Goal setting 3.21 Moderate Achievement seeking 3.20 Moderate Self confidence 3.19 Moderate Information seeking 3.18 Moderate Planning, following up, and systematic 3.15 Moderate evaluation Leading, persuasion, and networking 3.13 Moderate Quality and efficiency seeking 3.11 Moderate 10 Risk taking No. 1 2 3 4 5 6 7 2.89 Moderate *From 5-point rating scale (1=the least; 5=the most) **Referred to Best (1970) From fifty-five questions, they were classified into 10 aspects of entrepreneurial characteristics -- Opportunity seeking, Work responsibility and association, Goal setting, Achievement seeking, Self confidence, Information seeking, Planning, following up, and systematic evaluation, Leading, persuasion, and networking, Quality and efficiency seeking, and Risk taking. Overall, the mean levels of all aspects of entrepreneurial characteristics were found at the moderate level, which the aspect of ―Opportunity seeking‖ had the highest mean level of 3.30, showing the youth’s enthusiasm in seeking the new thing for their lives while ―Risk taking‖ aspect received the lowest score of 2.89. In order to confirm the above quantitative results and obtain in-depth information, the last part of the same questionnaire also contained open-ended questions to gain qualitative indepth data according to what the sample thought about. The qualitative results are the following. 4.2.2 The Youths’ Opinions towards the Meaning of Entrepreneur or Business Owner Entrepreneur or the Business Owner is the job controller and commander. He or she owns the business and has knowledge and capability to conduct the business. Entrepreneur or the Business Owner is the one who creates and expands the business, is the one who establishes the business to produce the product for the market or the one who sets up the trading business. He or she may be the owner of a small community business. He or she is self-employed, conduct exporting, job commander, product owner, or the person who has self-motivation and inspiration to initiate something and achieve it. He or she owns business independently, or follows the dream, or may be rich if the business is successful. He or she is the big business owner, or the executive who manages the production, or the one who invests his or her money, or the one who takes care about profit and loss of the business. In conclusion, from the above meanings of entrepreneur shared by the youth, it shows that the youth understanding the meaning and the good entrepreneurial characteristics quite well. 8 Proceedings of 29th International Business Research Conference 24 - 25 November 2014, Novotel Hotel Sydney Central, Sydney, Australia, ISBN: 978-1-922069-64-1 4.2.3 Reasons Why the Youths Want to be Entrepreneur or Business Owner The youth also told that they want to be entrepreneur or business owner because they want to show their ability of having their own business, want to gain more experience, to know how to solve the future problem, want to have income or good profit, and to administer their work effectively. Some of them want to be self-employed, do not want to have boss, think that it is independent, or want to be the solely business owner. Some of them said that they want to be the leader and achieve something, they want to find their own income during study to help their parents, some want to have self-esteem while other some want to have good future and see the happy customers from using their products, together with doing something good for themselves and other people, and want other people see their good intention to do good thing for the people. In conclusion, while most of the youths wanted to be entrepreneur or business owner because they wanted to be self-employed, owned the business, or made profit, some of them wanted to be entrepreneur because they wanted to help their parents and desired to see consumers consume their good products, which shows good intention and characteristic of entrepreneur to be thoughtful about other people and society as well. 4.2.4 Knowledge and Skills Needed by the Youth in order to be Good Entrepreneur The target youth accepted that to be good entrepreneur, they need to have responsibility, be diligent, have entrepreneurial knowledge, marketing and customers’ needs knowledge, investment knowledge, short-term and long-term business planning method, setting up the business guidelines, selling and how to talk to customer techniques, cost and profit calculation techniques, trading knowledge, guidelines of how to be good and successful entrepreneur, business management knowledge, and successful retailing administration knowledge. In conclusion, the sample wanted to learn about conducting business, especially regarding cost calculation, marketing, selling, and management. 4.2.5 Expectation of the Youth from this Project From this project, the youth expected that they would gain experience, knowledge, and capability involving being entrepreneur, creating growth opportunity of business, and applying in daily life. Moreover, they hoped they could help their parents seeking and saving money, and have their own career. They also hoped to get suggestion how to start doing business, how to be successful and gain profit. Therefore, mostly, the youth wanted to learn and obtain knowledge and experience about being entrepreneur in order to apply the knowledge in the real life, to have their own business and income, and to help their parents. In the big picture, all the above results confirm that most youths understood quite well about the meaning of entrepreneur. They desired to own the business in order to gain special income that could help their family and parents. In addition, they needed to have knowledge and know the steps of being entrepreneur. The knowledge needed also included the 9 Proceedings of 29th International Business Research Conference 24 - 25 November 2014, Novotel Hotel Sydney Central, Sydney, Australia, ISBN: 978-1-922069-64-1 concepts of investment, cost and profit calculation, selling and marketing, etc. Moreover, they expected to get all related knowledge of being good entrepreneur, to obtain real experience of being entrepreneur, to receive investment fund, and to be able to help their parents by having special income. Therefore, in conclusion, it was confirmed that the target youths felt rather highly interested in being entrepreneur; however, they only had moderate level of entrepreneurial characteristics, especially the risk-taking one. This might be caused by having young age and having no self investment fund of the youth. The researchers, hence, needed to provide them the knowledge and suggestion as guidelines. Moreover, the researchers needed to be coaches for the youths’ real field work to practice them and provide them the real experience of being young entrepreneurs. 4.3 The Community in Moo 2, Baan Toong Bor Pan, Pongyangkhok Students of the researchers who lived in the community were volunteered to work as research coordinators between the researchers and the community, together with directly coordination through the community leader (called ―Poo Yai Bann‖) Somsak Teuyot, the researchers, then, can access into the right community. With assistance from one of our research team, Mrs.Yuphin Songmaungpeay, our MBA students from the Faculty of Management Sciences, who lived in this town and worked in the town hall, researchers organized the community meeting to explain the project and to build community involvement by talking and discussing ideas with the community leader, the youths’ parents, the owners of community enterprises and the youth to obtain the information about situation and problems of the youth and the community enterprises in the village. In addition, the researchers received the opinion and expectation the community had towards this project, including their suggestions to improve the project. The opinion from the discussion suggested that the youth had only a few disciplinary problems such as being not on time or being absent on an appointment. The community enterprise or community business of this village has three main groups of outstanding products, 1) the products processed from coconut shell, 2) the products from mushroom farming, and 3) the products made from beads. However, in this meeting, there was only a representative from the coconut-shell product group—―Ante Jan,‖ wife of the village leader, working as volunteer and the youth leader in the village who used her free time producing products from coconut–shell waste available in the village. Therefore, the brainstorming by considering on a reasonable product that the youth could use as a pilot product to start up and sell it in the simulated business, it was concluded that the products processed from coconut–shell waste were most appropriate because they were not easy to be perishable or fragile and with the volunteered mind of Ante Jan, she was happy to lend the products for using in this project. At the beginning, Ante Jan revealed that the processed products from coconut shell were co-produced within the community by adults and young people using their free time with the budget capital belong to Ante Jan and the money received from community service employment of the group or from the governmental budget. The group did not have their own retail shop and the products had no brand. However there were wholesaling by middlemen from outside the community who came and purchased with large quantity from Ante Jan but at a low price. For example, a lamp made from coconut shell was sold at only 10 Proceedings of 29th International Business Research Conference 24 - 25 November 2014, Novotel Hotel Sydney Central, Sydney, Australia, ISBN: 978-1-922069-64-1 80 baht, however, since coconut shell used as the main raw material was available in the community and was free of charge, and some other materials were purchased at the very cheap costs, together with the free cost of labour since all workers produced the products as volunteered work, the net profit from the product sale then flowed back to the group as budgeting capital or a stipend to the youth for their help. Figure 4 The Field Trip to Community in Moo 2, Baan Toong Bor Pan, Pongyangkhok The community’s expectations from this project were the following: 1) young people could spend their free time more usefully, 2) they could have chance to learn how to be the real entrepreneurs, and 3) the community business could generate fund for making more new products; therefore, people in the community were willing to cooperate in carrying out the project to be successful. 11 Proceedings of 29th International Business Research Conference 24 - 25 November 2014, Novotel Hotel Sydney Central, Sydney, Australia, ISBN: 978-1-922069-64-1 5. Implications This research told us about the youth problems and situation in the area. Although there were no serious problems, there was a problem regarding the lacking of community business successor since the youths had not been mature enough and had no motivation to run their family business. In the opposite side, after graduation, they tended to prefer working as employees in companies outside the village. However, most of them would like to become entrepreneurs. They had positive attitude towards entrepreneurship but lacked of knowledge, understanding, and confidence to run a business. Therefore, researchers will use this information to prepare a development plan for the youth in order to coach them to be capable for being young entrepreneurs in Tambon Pongyangkok in the future. For the secondary target group, people who involved with the community enterprises or community businesses both from government agencies and private residents of Pongyangkok, especially those from the group of coconut-shell products, the results from discussion within these groups showed that even the processed coconut-shell entrepreneurs who had run their business for a few years still had not have enough business knowledge, particularly, new product development, brand building, packaging development, and marketing management strategies such as retail price setting, seeking distribution channels, and conducting marketing promotion, etc. Therefore, the researchers decided to organize a seminar which was integrated between the research and the community academic service in the form of business knowledge coaching. Moreover, with assistance from product designing expert under Product Design Department in Lampang Rajabhat University, the youths were brought to participate in the process of branding and packaging development for the products. Doing so, the youths could simultaneously learn and be implanted to realize in and proud of the unique community products in their surroundings, which would lead to stronger inspiration for them to be the next generation who pursue their community enterprises later. Figure 5 The Development Process and Products after Branding and Packaging Development—Called “Kala Yim” (Smiling Coconut Shell) After developing the brand and packaging for the products as ―Kala Yim,‖ which means in Thai as ―Smiling Coconut Shell,‖ both adult and young community entrepreneurs had more proud and more confidence in their products, and sold them in the retail market during special events directly to the customers who were the tourists. At this time, the entrepreneurs could sell their products at the higher price than the original models, which 12 Proceedings of 29th International Business Research Conference 24 - 25 November 2014, Novotel Hotel Sydney Central, Sydney, Australia, ISBN: 978-1-922069-64-1 focused on large quantities with the wholesale price. Therefore, the community not only has a better living quality but also the higher encouragement and inspiration, especially for the youths to become young entrepreneurs and carry out the community business in the future. 6. Conclusions and Discussion Based on the research results and implications as mentioned above, researchers concluded that the youth in Pongyangkok had positive needs and attitude towards entrepreneurship. However, they lacked of business knowledge and confidence to become entrepreneurs. Moreover, the significant knowledge we were shared from getting involve with the community was the enormous effort community leaders had to preserve the conventional wisdom of community through creation of the community products such as processed coconut-shell products to became a symbol of prestige and prominence of the community even though the leaders had faced a lot of obstructions, they still pursue without fears. The most interesting and appreciated thing is that, they had tried to get young people to involve in creating these community products. This action not only trained the youths to spend their free time usefully but also created the community business successors. Moreover, the community leaders also used this production activity as a chance to build a tighter relationship among the generations in the community, which would reduce the gap of each generation. As a result, community members had opportunities to meet each other and transfer local culture and community identity to the young people at the same time. This transfer process was considered as a very efficient one in conserving the local culture and conventional wisdom of the community. However, considering back to the point of creating young entrepreneurs, on the business side, the leaders and the community business owners had highly lacked of related knowledge. Thus, the researchers agreed that in order to develop the young people to become the strong and good entrepreneurs, it needs to start with the community leaders and the business owners. After these people are strong and capable with enough business knowledge, they will be the mentors nurturing and training their young people to be the skilled entrepreneurs sustainably. According to the training seminar and discussion, including marketing and product development knowledge, the community were highly satisfied and would be able to apply the knowledge to further productions. Moreover, branding and packaging development for their products were considered as an innovation that could be applied to other community products such as processed mushroom. This will add more marketing value to the products, which in turn can bring back more profit and lift up quality of life for the community. For further action and research, researchers will bring the youth to the fieldwork—real community market to practice being young entrepreneurs. At that time, the young people will learn about trading from the beginning such as how to select the products to meet with consumers’ needs, how to consider the appropriate location to open the shop, accounting and inventory working, selling and promoting the products, etc. until concluding the profit and problems and lesson learned. Further study in the adult group should be done regarding their entrepreneurial capability development in order to encourage the people to follow and achieve their intention towards the community products, which in turn the community businesses can be run successfully and continuously by their successors, and the conventional wisdom with local identity can also be preserved and transferred to the next generation at the same time. 13 Proceedings of 29th International Business Research Conference 24 - 25 November 2014, Novotel Hotel Sydney Central, Sydney, Australia, ISBN: 978-1-922069-64-1 End Notes This research was co-funded by Thailand Research Fund and Lampang Rajabhat University. References ABACPoll 2012, Almost a Miliion Thai Youth Were Found Drug Addicited, retrived from: www.newsplus.co.th/NewsDetail.php?id=42630, on August 14th, 2012. Acs, ZJ and Audretsch, DB 1990, Innovation and Small Firms, Cambridge, MA, MIT Press. Best, JW 1981, Research in Education, Englewood Cliff, New Jersey: Prentice–Hal. Bula, HO 2012, Evolution and theories of entrepreneurship: A critical review on the Kenyan perspective, International Journal of Business and Commerce, Vol. 1, No.11, pp.81-96. Cantillon, R 1755, Essai Sur La Nature Du Commerce en General, London, Gyles. Eckhardt, JT and Shane, SA 2003, Opportunities and entrepreneurship, Journal of Management, 29, pp. 333-349. Say, JB 1855, A Treatise on Political Economy, trans, Clement Biddle, Philadelphia: Lippincott, Grambo & Co. Pearce, J 2003, Social Enterprise in Anytown, London, Calouste Gulbenkian Foundation Tushman, ML and Anderson, P 1986, Technological discontinuities and organizational environments, Administrative Science Quarterly, 31, pp.439-465. Kihlstrom, RE & Laffont, JJ 1979, General equilibrium entrepreneurial theory of firm formation based on risk aversion. Journal of Political Economy, 87, 719-748. Marshall, A 1964, Principles of Economics, 8th ed. London: Macmillian and Co. McClelland, DC 1961, The Achieving Society, Princeton, NJ: Van Nostrand. Voluntary Action Lochaber 2002, All You Ever Wanted to Know about Community Enterprises, found in Social Enterprise in Anytown by John Pearce 2003, retrieved from: http://www.senscot.net/view_art.php?viewid=11327, on August 15th, 2012. Wikipedia 2012, Youth, retrieved from: http://th.wikipedia.org/wiki/%E0%B9%80%E0% B8%A2%E0%B8%B2%E0%B8%A7%E0%B8%8A%E0%B8%99, on October 22nd, 2012. 14