Building growth enterprises in Singapore: Public-Private Partnership

Building growth enterprises in Singapore: Public-Private Partnership

This chapter traces the growth and development of Small Medium Enterprises (SMEs) from post-independent Singapore in 1965 to its current day digital transformation age. Singapore’s SME landscape has evolved from one of low wage, low productivity entrepot trade, to supporting multi-national corporati...

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Bibliographic Details
Main Authors: KOH, Annie, KONG, Esther.
Format: text
Language:English
Published: Institutional Knowledge at Singapore Management University 2021
Subjects:
Family firms
Financing
Human capital
Innovation
Internationalisation
Singapore SMEs
Succession
Asian Studies
Entrepreneurial and Small Business Operations
Finance and Financial Management
Online Access:https://ink.library.smu.edu.sg/lkcsb_research/7217
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Institution: Singapore Management University
Language: English
Description
Summary:This chapter traces the growth and development of Small Medium Enterprises (SMEs) from post-independent Singapore in 1965 to its current day digital transformation age. Singapore’s SME landscape has evolved from one of low wage, low productivity entrepot trade, to supporting multi-national corporations, and transforming into the innovative, digital and agile enterprises of today. The four main challenges faced by SMEs are in human capital, internationalisation, innovation and financing, and dependency on government policies are highlighted. Moving ahead, digitalisation, and building TIEs that bind leveraging on Trust, Innovation and Internationalisation, and Entrepreneurship, will be key to propel the nation and family owned SMEs forward.

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