Conclusion
After the financial crisis in 1997, all sectors including automotive sector were
adversely affected. The Thai government together with key players in the industry
tried their utmost to rescue the industry. With close collaboration between public and
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private sectors, many projects were implemented and human resources development
was considered as the most urgent priority. Many companies such as TMT put much
effort to establish their own HRD system and in the mean time help others to move
along together. After a few years growth of Thai automotive industry has proved that
higher capability of human resource is a critical factor to success. With the well
trained personnel, the Thai automotive industry can export more than 600,000
vehicles to more than 140 countries. Export value of this sector ranks number 2 in
export account of the country. Besides, Thai automotive industry contributes more
than 10% of GDP of Thailand. The booming automotive industry can attracts the
young generation to join the industry more than the other ones as they can see the
bright future both in their earning and their career development.
As we all agree that human resource is a critical factor to success, every
organization must take good care of this resource by trying to develop and retain it in
the organization and let it utilize its ability to the maximum. My talk today shows
only one example of our attempt which we should adopt and expand this concept to
every organization and community.