A risk matrix decision on entrepreneurial status of plant in Thailand

Many critical challenges of economic growth in Thailand and high competition among neighbouring countries have resulted in the offshore of Foreign Direct Investments (FDIs). These unwelcome circumstance leads to economic problems in the province, affecting people´s income and social problems. To prevent offshore plant, understanding on the status of plant is needed. The paper aims to help manufacturers to evaluate their statuses by using risk matrix decision. The application of this study is placed upon manufacturers located in the industrial estate region of Lumphun province, Thailand. Data from questionnaires and some literature reviews were collected to structure the risk matrix. The three perspectives of risks are considered in terms of supply chain risk value (SRV), financial risk value (FRV) and worker risk value (WRV). The matrix also provides significant factors used for decision-making criteria on entrepreneurial status of plant.