Development of Financial Management in the Enterprise Community: A Case Study of Ayutthaya Province

Abstract

The objectives of this research are 1) to study the structure and management of the financial community, 2) to compare the  behavior of saving and ways of raising awareness of saving of people in the community, 3) to develop savings of the enterprise community and 4)  to process and provide guidelines for financial management  networking at the provincial level. The target population consists of a group of enterprises consisting of the financial management transport community. Ayuttaya district consists  of 16 sub-districts and 12 savings cooperatives. The samples for the qualitative savings cooperatives were selected within the central location, around the province of  Ayutthaya, and outskirts of Ayutthaya . All samples are the propety of Cooperative Saving and Ayutthaya teachers (Ltd) (Center) savings cooperative Canon (Thailand) Co., Ltd employees (around Ayutthaya) and M.P.T. Limit (outskirts of Ayutthaya) empolyee savings cooperative. The idea is to  manage the financial aspects of cooperative saving and their effciency, based on the sufficiency economy philosophy. The results are members working  together helping each other and establishing cooperative networks  at the district level. The results show that every co-operative  savings and management process conformend to the rulrs of the savings cooperatives in the year 1999 and the financial managament principles based on the sufficiency economy philosophy. Capital funding  money came from savings and  loans that are approved regardless of the ability to pay back the loan plus interest, and the profits will return to members in the form of dividends at the end of the year. Encouraging cooperative members to save enables members to increase their fund every year. Savings behavior of members has also increased steadily each year. Cooperatives have no policy on external borrowing or lending institution's internalmanagement system. The policy is how to work with transparency and accountability. Members work together and help each other. All samples are willing to cooperate in building a cooperative network of savings and building a network modle to the next level. The goverment should intervene to help and support the factors that create a substantial network of treaties, such as the conditions of the network saving cooperatives.