Sufficiency Economy Program of Thailand - Case Study Example

3. Prudent trading dispositions despite competition;4. A fervent desire for knowledge to transcend dearth and develop the passion for labor to earn an honest living; and5. A people of wisdom in all their humanly ways.During the training sessions, the four (4) basic virtues advocated by His Majesty the King were taught with the corresponding goals for the corporate sector of society:1. Enhancement of the knowledge of cost-effective measures which would ensure adherence to sensible expenditures, thus resulting in quality living for the employees at work and at home;2.

Encouragement and inspiration to gain appropriate and up-to-the-minute technological skills to enhance personal as well as national productivity; and3. Boost the business administration expertise within the precept of limited resources to achieve a stance that is at par with the well-developed markets.ObjectiveIt is the aspiration of this sufficiency economic program that all the participants to every training session will understand and be acquainted with the application of the philosophy to their organizations.

Logic ModelSufficiency Economic Theory naturally pursues the cyclic pattern of development:Pattern of DevelopmentAwareness: His Majesty the King usually visits sections in Thailand to explain to his people the nature of the sufficiency economy.Interest: His Majesty the King labeled his projects: Kaem-Ling which means 'monkey cheek', a flood management system; Namdee Lai Nam Sien, 'good water expel polluted water' or the water dilution project, which He comprehensively explains that the public may understand (The Chaipattana Foundation,.

Many may have acknowledged that sufficiency economy lifts up the standard of living, brighten one's perspective and add passion to labor. Moreover, the sufficiency economy is a growing trend that guarantees a safer future.Sufficiency Economy program or financial system is a strategy implemented to drive an unwavering trend towards Thailand's economic sustainability. This groundwork prepares the country for any eventuality along with sociological, environmental, technological or political spheres.

It is the aspiration of this sufficiency economic program that all the participants to every training session will understand and be acquainted with the application of the philosophy to their organizations.means 'monkey cheek', a flood management system; Namdee Lai Nam Sien, 'good water expel polluted water' or the water dilution project, which He comprehensively explains that the public may understand (The Chaipattana Foundation, 1996).Trial: Prior to His Majesty the King's introduction of projects to the public, He usually had a study and research conducted to accurately determine the possibility and suitability of situations in locations across Thailand.

Adoption: His Majesty the King made His two royal projects available for viewing and study at the Royal Development Study Center and other centers of the country for his people to appreciate and emulate.