A study on Singapore SMEs usage of new business practices in MNCs

Our study sets out to understand the existing support technologies and structures used by Singapore Small and Medium Enterprises (SMEs) as compared to those used by multinational companies. To investigate this, we carried out secondary research through observations of websites and other sources and...

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Main Authors: Lee, Joy Sihui, Tan, Hui Jia, Bay, Phebe Chun Hui
Other Authors: Ian McGovern
Format: Final Year Project
Language:English
Published: 2011
Subjects:
Online Access:http://hdl.handle.net/10356/43861
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Institution: Nanyang Technological University
Language: English
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spelling sg-ntu-dr.10356-438612023-05-19T05:45:01Z A study on Singapore SMEs usage of new business practices in MNCs Lee, Joy Sihui Tan, Hui Jia Bay, Phebe Chun Hui Ian McGovern Nanyang Business School DRNTU::Business::Industries and labor Our study sets out to understand the existing support technologies and structures used by Singapore Small and Medium Enterprises (SMEs) as compared to those used by multinational companies. To investigate this, we carried out secondary research through observations of websites and other sources and primary research through surveys to determine their current structures and support technology. Following that, we analyzed our survey results by presenting them in a graphical form and looked at the companies using their strategy, age, size and industry. In our findings, we note that differences occurred in these different bandings: Industry types were significant in influencing the type of controls and communication tools used by companies e.g. companies in manufacturing industry tend to invest more in logistical controls; smaller companies adopting the focused strategy tend to use advanced financial control; while middle aged companies were most resistant to using newer forms of communication. The study essentially contributes to current literature on Singapore SMEs through providing a snapshot of current MNC business trends popular amongst SMEs. This would add value to businessmen running SMEs as they would be able to implement tools they lack on the industry level or realize ways to further differentiate their operations. Spring Singapore may also find this information useful in aiding SMEs through understanding what they lack in terms of their business operations and industry standards. BUSINESS 2011-05-04T03:45:15Z 2011-05-04T03:45:15Z 2011 2011 Final Year Project (FYP) http://hdl.handle.net/10356/43861 en Nanyang Technological University 84 p. application/pdf
institution Nanyang Technological University
building NTU Library
continent Asia
country Singapore
Singapore
content_provider NTU Library
collection DR-NTU
language English
topic DRNTU::Business::Industries and labor
spellingShingle DRNTU::Business::Industries and labor
Lee, Joy Sihui
Tan, Hui Jia
Bay, Phebe Chun Hui
A study on Singapore SMEs usage of new business practices in MNCs
description Our study sets out to understand the existing support technologies and structures used by Singapore Small and Medium Enterprises (SMEs) as compared to those used by multinational companies. To investigate this, we carried out secondary research through observations of websites and other sources and primary research through surveys to determine their current structures and support technology. Following that, we analyzed our survey results by presenting them in a graphical form and looked at the companies using their strategy, age, size and industry. In our findings, we note that differences occurred in these different bandings: Industry types were significant in influencing the type of controls and communication tools used by companies e.g. companies in manufacturing industry tend to invest more in logistical controls; smaller companies adopting the focused strategy tend to use advanced financial control; while middle aged companies were most resistant to using newer forms of communication. The study essentially contributes to current literature on Singapore SMEs through providing a snapshot of current MNC business trends popular amongst SMEs. This would add value to businessmen running SMEs as they would be able to implement tools they lack on the industry level or realize ways to further differentiate their operations. Spring Singapore may also find this information useful in aiding SMEs through understanding what they lack in terms of their business operations and industry standards.
author2 Ian McGovern
author_facet Ian McGovern
Lee, Joy Sihui
Tan, Hui Jia
Bay, Phebe Chun Hui
format Final Year Project
author Lee, Joy Sihui
Tan, Hui Jia
Bay, Phebe Chun Hui
author_sort Lee, Joy Sihui
title A study on Singapore SMEs usage of new business practices in MNCs
title_short A study on Singapore SMEs usage of new business practices in MNCs
title_full A study on Singapore SMEs usage of new business practices in MNCs
title_fullStr A study on Singapore SMEs usage of new business practices in MNCs
title_full_unstemmed A study on Singapore SMEs usage of new business practices in MNCs
title_sort study on singapore smes usage of new business practices in mncs
publishDate 2011
url http://hdl.handle.net/10356/43861
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