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Building Growth Enterprises in Singapore: Public-Private Partnership

In: Succession and Innovation in Asia’s Small-and-Medium-Sized Enterprises

Author

Listed:
  • Annie Koh

    (Singapore Management University (SMU))

  • Esther Kong

    (Singapore Management University (SMU))

Abstract

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.

Suggested Citation

  • Annie Koh & Esther Kong, 2021. "Building Growth Enterprises in Singapore: Public-Private Partnership," Springer Books, in: Hsi-Mei Chung & Kevin Au (ed.), Succession and Innovation in Asia’s Small-and-Medium-Sized Enterprises, chapter 0, pages 201-242, Springer.
    • Handle: RePEc:spr:sprchp:978-981-15-9015-3_7
    DOI: 10.1007/978-981-15-9015-3_7
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    Cited by:

    1. David B. Audretsch & Antje Fiedler, 2023. "Does the entrepreneurial state crowd out entrepreneurship?," Small Business Economics, Springer, vol. 60(2), pages 573-589, February.

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