THE NOBLE EIGHTFOLD PATH APPLICATION FOR HUMAN CAPITAL COMPETENCY ENHANCEMENT IN THAILAND INDUSTRY 4.0
Keywords:
Noble Eightfold Path, Competency, Human Capital, Industry 4.0Abstract
The objectiveห of this research were to study the current application of the Noble Eightfold Path, the factors affecting the applications, and the results of applying the Noble Eightfold Path to enhance Human Capital Competency in business entities in Thailand, focusing on the small and medium enterprise (SME) in the industrial sector. The research was conducted using the mixed methods. For quantitative research, data were collected from 390 samples from five companies, using research questionnaire. For the qualitative research, data were collected from 16 key informants through in-depth interviews and 10 participants who were experts in a focus group discussion.
Research results were found that the five participating companies have been using various Human Resources Development activities on a regular basis and have been using the Noble Eightfold Path to compliment those activities to further enhance human capital competency through the use of (1) company rules and regulations, (2) organizational culture, (3) daily chanting activity and (4) other non-work-related development activities. The key factors affecting the application of the Noble Eightfold Path includes owner’s and team’s commitment and involvement. The study has shown strong evidence of the increase in human capital competency in the five participating organizations, in all three components of competency: Knowledge, Skill and Attitude.
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