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Sufficiency Economy - Essay Example

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Sufficiency Economy

3. Prudent trading dispositions despite competition;
4. Fervent desire for knowledge to transcend dearth and develop the passion for labor to earn an honest living; and
5. 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 to 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; and
3. Boost the business administration expertise within the precept of limited resources to achieve a stance that is at par with the well developed markets.

Objective
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.


Logic Model
Sufficiency Economic Theory naturally pursues the cyclic pattern of development:










Pattern of Development





Awareness: His Majesty the King usually visits sections in Thailand to explain to his people the nature of 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 lift up the standard of living, brighten one's perspective and add passion to labor. Moreover, 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 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.
This sufficiency economy training program will be con ...Show more

Summary

There is a demand for economic strategy which could be a cost-efficiency plan in both the domestic and international markets. Consequently, the building interest in the formulation of national sufficiency economy was by no means then limited to the Western countries…
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Sufficiency Economy essay example
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