Asset Management of Thai Public Enterprises

Abstract

Thai public enterprises are government-owned business organizations managed by the Executive Committee instead of the bureaucracy. Such administration models are intended to enable the administration of public enterprises to be implemented in a streamlined manner. Decisions can be made to increase or decrease or change the production guidelines as well as service quickly. To be able to meet the needs of society in a timely manner at the national and local level. In Thailand, there are many types of public enterprises affiliated with various ministry, with the main reason for the establishment is to earn money into the state and social services. However, some public enterprises have suffered losses or administrative inefficiencies, failing to manage their core goals. Therefore, executives must manage the organization through various obstacles so that the organization can exist. The policy is necessary to adjust the basic processes of the organization in which one of the operations is the process of managing the assets of the organization. This is a process that sets out guidelines for obtaining and maximizing asset until the asset is depleted. The asset management begins with the planning of the requirement, procurement, control and maintenance and distribution of assets. These processes can lead to the development of the efficiency and effectiveness of the organization for income and to increase the value of assets in order to achieve the organization's objectives.