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Sustainable business study rolled out
True Corporation, Theptharin Hospital, and Kasikornbank are selected as three of five listed companies for the study on sufficiency economy leadership practices. The other two would represent the construction material and life insurance industries.
The study is conducted by Mahidol University, with the financing from the Thailand Research Fund.
Suksan Kantabut, chief of the university's leadership research group, said the study aims to answer if successful corporations' practices are in line with the sufficiency economy philosophy and how the practices differ from the philosophy. The group summarises that a sustainable business must contain 10 qualifications.
Under the qualifications, a sustainable business must occupy clear management visions, care for stakeholders, consistently improve employees, pay attention to innovations, use resources efficiently and effectively, and expand business only when fully ready.
"We found that all sustainable businesses contain all these 10 qualifications," said Suksan, adding that the knowledge from the study would shed some lights to other organisations.
- The Nation
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