Management Concepts based Philosophy of Sufficiency Economy

Abstract

There is lack of understanding and how to apply the concepts of philosophy of sufficiency economy including, in spite of Thai government put the public policies to apply for implementing. The philosophy of sufficiency economy is philosophy’s King Rama 9 of Thailand, this is the basic principles for doing everything. However, to drive the tasks according to role of any must following 2 principles are (1) the idealism means which is concepts or theories trying to explain anything in truly and (2) the practicalism certainly means acting out base on concepts or theories. The objectives of this paper is to explain the connection between philosophy of sufficiency economy and the other practice theories, in order make an understanding easier which means the philosophy of sufficiency economy is the basic principles for practicing. In order that more easily, this paper make a comparable the philosophy of sufficiency economy to general theoretical framework namely; (1) adequacy as self-competency, (2) rationality practices as theory based, (3) immunity necessary as risk management, (4) knowledge as understanding of theory/concepts, and (5) morality requirements as ethics behavior respectively.