Profitable Companies And Their Contributions Toward The Philosophy Sufficiency Economy: An Analysis
Profitable Companies and Their Contributions towards the Philosophy Sufficiency Economy
The Philosophy of Sufficiency Economy (PSE) is an idea that was set up by the King Bhumibol Adulyadej of Thailand for his people in the 1970s, with the aim of rectifying many of Thailand’s economical and social problems. One way of doing this, along with numerous others, was for the government to inject money into rural areas and remote communities to train and educate the people on how to utilize their land and natural resources in accordance with the PSE, as they still do today. The Thai government has allocated 8.67 billion baht from the years of 2014 to 2017 to promote development in rural villages and to instruct on the PSE way of living, (Wongsamuth,2014), …show more content…
Ltd is a textile business that started out as a household production company around 30 years ago and has transformed into a multi nation company that employs over 700 employees, and has helped to set up approximately 3,000 (SME’s) and cooperation’s (co-op’s), manufacturing and selling their brand, Tangmo clothing line. The business has a multi billion baht turnover and is continuing to grow and profits are increasing yearly, by an average of 10%, as is predicted for the coming years, (Suksamran,2015). The fact that Siam Hands is a highly profitable company allows them to invest heavily into their king’s philosophy and help the fellow people of …show more content…
Finally, they offer to all of their employees the chance of becoming business owners themselves through the franchise scheme, the employees, at the expense of the company, are given the chance to open up a Tangmo clothing shop at the cost of between 5000,000 and 1 million paid for by Siam Hands, “Siam Hands will first cover the entire investment that can slowly be paid off from the revenue earned. Outlets are expected to make about Bt4 million to Bt5 million a year”. (viboonchart ,2009), thus giving the employees a bright future and allowing them to bring prosperity to their local
The Philosophy of Sufficiency Economy (PSE) is an idea that was set up by the King Bhumibol Adulyadej of Thailand for his people in the 1970s, with the aim of rectifying many of Thailand’s economical and social problems. One way of doing this, along with numerous others, was for the government to inject money into rural areas and remote communities to train and educate the people on how to utilize their land and natural resources in accordance with the PSE, as they still do today. The Thai government has allocated 8.67 billion baht from the years of 2014 to 2017 to promote development in rural villages and to instruct on the PSE way of living, (Wongsamuth,2014), …show more content…
Ltd is a textile business that started out as a household production company around 30 years ago and has transformed into a multi nation company that employs over 700 employees, and has helped to set up approximately 3,000 (SME’s) and cooperation’s (co-op’s), manufacturing and selling their brand, Tangmo clothing line. The business has a multi billion baht turnover and is continuing to grow and profits are increasing yearly, by an average of 10%, as is predicted for the coming years, (Suksamran,2015). The fact that Siam Hands is a highly profitable company allows them to invest heavily into their king’s philosophy and help the fellow people of …show more content…
Finally, they offer to all of their employees the chance of becoming business owners themselves through the franchise scheme, the employees, at the expense of the company, are given the chance to open up a Tangmo clothing shop at the cost of between 5000,000 and 1 million paid for by Siam Hands, “Siam Hands will first cover the entire investment that can slowly be paid off from the revenue earned. Outlets are expected to make about Bt4 million to Bt5 million a year”. (viboonchart ,2009), thus giving the employees a bright future and allowing them to bring prosperity to their local