A Buddhist economic approach to employee volunteer programmes

Prayukvong, Wanna and Rees, Bronwen A. (2010) A Buddhist economic approach to employee volunteer programmes. Journal of Corporate Citizenship, 38. pp. 75-93. ISSN 2051-4700

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Official URL: http://dx.doi.org/10.9774/gleaf.4700.2010.su.00007


This study was undertaken to observe factors affecting the process and impact of employee volunteer activities in three business enterprises in Thailand, using a Buddhist economic framework. Buddhist economics differs significantly from mainstream (neoclassical) economics in its ontological underpinning. This means that assumptions about human nature are different: the core values of mainstream economics are self-interest and competition in the pursuit of maximum welfare or utility, while in Buddhist economics, ‘self’ includes oneself, society and nature, which are all simultaneously interconnected. The core values are compassion and cooperation through which well-being is achieved leading to higher wisdom (pañña). Employee volunteer programmes (EVPs) are regarded as one example of corporate citizenship activities. This paper explores the consequences of introducing EVPs using a Buddhist economic framework in three different companies in Thailand. When a Buddhist economic approach is adopted by EVPs, the programme can be embedded into business practices including human resource development and the organisational development process, which may lead to the cultivation of pañña. This may be of value to organisations in the West.

Item Type: Journal Article
Faculty: ARCHIVED Lord Ashcroft International Business School (until September 2018)
Depositing User: Repository Admin
Date Deposited: 18 Aug 2011 09:19
Last Modified: 09 Sep 2021 16:18
URI: https://arro.anglia.ac.uk/id/eprint/140063

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