Meaning: This quote by Hassanal Bolkiah, the Sultan of Brunei, emphasizes the importance of developing human resources in the context of a diversification program. The Sultan's words reflect a recognition of the critical role that human capital plays in driving the success and sustainability of any diversification initiative. In unpacking this quote, it is essential to explore the broader implications of human resource development and its impact on economic diversification, as well as to understand the context in which the statement was made.

Human resource development encompasses the process of improving the skills, knowledge, abilities, and overall capacities of a workforce. This can be achieved through various means, including education, training, mentorship, and organizational development initiatives. In the context of economic diversification, the development of human resources is pivotal as it enables a more agile and adaptable workforce capable of meeting the demands of new and emerging industries. By investing in human resource development, countries and organizations can position themselves to take advantage of diversification opportunities and mitigate the risks associated with over-reliance on a single industry or sector.

The notion that human resource development is decisive in determining the success of a diversification program underscores the interconnectedness of people and economic transformation. While diversification often focuses on the expansion of industries and the development of new economic sectors, it is ultimately the individuals within the workforce who drive these changes. Their skills, expertise, and ability to adapt to new challenges are central to the effective implementation of diversification strategies. Therefore, investing in human resource development is not only a means of enhancing individual employability but also a strategic imperative for achieving economic diversification objectives.

In the case of Brunei, the Sultan's statement may reflect the country's efforts to reduce its reliance on oil and gas revenues and diversify its economy. Historically, Brunei has been heavily dependent on its oil and gas resources, with these sectors dominating the country's economy. However, recognizing the volatility and finite nature of these resources, Brunei has sought to diversify into other industries such as tourism, halal products, and information and communication technology. In this context, the development of human resources becomes critical to building the necessary expertise and capabilities to drive growth and innovation in these new sectors.

Furthermore, the Sultan's emphasis on the need to "do well" in the area of human resource development suggests a sense of urgency and priority attached to this endeavor. It underscores the idea that the effective execution of a diversification program hinges on the quality and readiness of the workforce. This sentiment resonates with the broader understanding that human capital is a foundational element of economic development and that investing in people can yield long-term dividends for both individuals and the economy as a whole.

In conclusion, Hassanal Bolkiah's quote encapsulates the fundamental role of human resource development in the context of economic diversification. It underscores the need for countries and organizations to prioritize the enhancement of their workforce's skills and capabilities as a strategic enabler of diversification initiatives. By recognizing the centrality of human capital in driving economic transformation, policymakers and business leaders can better position themselves to navigate the challenges and opportunities associated with diversifying their economies and industries.