Developing a Sustainable Community via Community Enterprise: Approaches and Case Studies in Thailand

Santipolvut, Sumalee

doi:10.5539/ass.v11n4p150

Cited by 2 publications

(1 citation statement)

References 6 publications

(4 reference statements)

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“…The SWOT analysis method is a form of self-analysis used to assess the competition within the market. Taking into account the stakeholders in the market and positioning oneself within the market for the benefit of one's group is a good practice in business [22], [23], [24]. The management of community enterprises should aim to develop knowledge and skills through promotion by government agencies.…”

Section: The Concept Of Community Enterprisesmentioning

confidence: 99%

Approach to Applying Sufficiency Economy Philosophy in Community Enterprise Management towards Sustainability

Mettathamrong¹,

Upping²,

Deeudom³

2023

Preprint

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Sustainability is essential for every business and organization, but how can it be achieved? This work is a study of sustainability based on the sufficiency economy philosophy, a valuable concept introduced by the Thai people. We apply it to the notion of sustainability in 400 agricultural community enterprise owners in Thailand, who participated in the study. An oblique rotation component analysis was performed, finding that the variables on the same side are related, and a confirmative component analysis with structural equation models was conducted. The results showed that the approach to applying the sufficiency economy philosophy among community enterprises consists of 11 components, as follows: 1) financial control, 2) planning, 3) member management, 4) morals, 5) prevention plan, 6) moderation, 7) knowledge and expertise, 8) market development, 9) care, 10) quality control and 11) value of investment. The confirmative component analysis with structural equation modeling was consistent with the empirical data. Agricultural community enterprises and entrepreneurs focus on the moral component, conduct business with honesty and avoid causing problems for others, value justice without taking advantage with diligence and adhere to moral principles in life, because all of the above will lead to sustainability in the future.

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Section: The Concept Of Community Enterprisesmentioning

confidence: 99%

Approach to Applying Sufficiency Economy Philosophy in Community Enterprise Management towards Sustainability

Mettathamrong¹,

Upping²,

Deeudom³

2023

Preprint

View full text Add to dashboard Cite

show abstract

Innovation management and impact on social economy: A perspective of community enterprise in a developing country

Thetlek,

Shaengchart,

Kraiwanit

et al. 2024

JGR

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Today’s economic, social, political, technological, and environmental changes pose numerous challenges. Organisations that fail to adapt and reflect their organisational culture struggle to meet objectives and survive. Successful organisations must embrace innovation (Dah et al., 2022). Community enterprises (CEs), also referred to as social enterprises, possess a distinct advantage when it comes to tackling socio-economic problems in marginalised communities. The significance of CEs in addressing social challenges and delivering inventive, long-lasting, and impactful social solutions is steadily increasing (Ngatse-Ipangui & Dassah, 2019). This study explains innovation management and the effect of CEs on the social economy in Nan, Thailand. Through qualitative research, eight key informants were interviewed to assess the influence of CEs in Nan, Thailand. Data analysis involved content analysis and NVivo software. The findings revealed that innovation management allows CEs to develop new ideas and procedures efficiently, enhancing productivity, profitability, and flexibility. CEs contribute to economic growth, inclusion, and societal well-being, particularly in the digital age. They generate jobs, offer innovative services and products, promote sustainability, and inspire hope for the future. Governments, administrations, and organisations should support CEs striving to improve the social economy, as these initiatives benefit both the community and society as a whole.

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Developing a Sustainable Community via Community Enterprise: Approaches and Case Studies in Thailand

Cited by 2 publications

References 6 publications

Approach to Applying Sufficiency Economy Philosophy in Community Enterprise Management towards Sustainability

Approach to Applying Sufficiency Economy Philosophy in Community Enterprise Management towards Sustainability

Innovation management and impact on social economy: A perspective of community enterprise in a developing country

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