Change required: Chinese Businesses in Singapore

• Main Author: Singapore Management University
• Format: text
• Language: English
• Published: Institutional Knowledge at Singapore Management University 2012
• Subjects: Chinese businesses; modernizing; change; chinese entrepreneurs; guanxi; SMEs; Business; Business Administration, Management, and Operations; Organizational Behavior and Theory
• Online Access: https://ink.library.smu.edu.sg/pers/36; https://ink.library.smu.edu.sg/cgi/viewcontent.cgi?article=1004&context=pers

Today, Chinese businesses play an important role in Singapore’s economy. They make up 99.3 per cent of all small and medium enterprises (SMEs) and employ 51 per cent of workers in the country, contributing 40 per cent of value add to the economy. However, the world economy has become more competitiv...