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Productivity and Innovation in SMEs - Creating Competitive Advantage in Singapore and South East Asia (Hardcover)
Loot Price: R1,631
Discovery Miles 16 310
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Productivity and Innovation in SMEs - Creating Competitive Advantage in Singapore and South East Asia (Hardcover)
Series: Routledge Focus on Environment and Sustainability
Expected to ship within 12 - 17 working days
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This book analyses the determining factors behind productivity and
innovation amongst Small and Medium Enterprises (SMEs) in
Singapore, and within the context of South East Asia, in order to
offer recommendations for increasing productivity and aiding
economic growth. SME firms are an influential driver of economic
growth in advanced world economies like the USA, Germany, Japan and
South Korea. Throughout the 2000s, Singapore experienced a decline
in economic growth which was linked to decreasing productivity in
its SMEs. The decline triggered a transformational policy by a
Government intent on forging a 'high skill-high productivity'
future. Given substantial evidence that low productivity growth
occurred in sectors where immigrants dominated the workforce, the
seeds of recovery focused on improving productivity and innovation
amongst SMEs in those sectors. Hence, this book investigates the
factors determining productivity amongst SMEs across the
manufacturing sector. It utilises personal interviews with global
experts and CEOs, combined with primary data collected from a major
international Delphi survey, and interviews with 215 SME owners and
managers in Singapore. This data helps us to better understand how
these productivity-enhancing factors can be used to increase
performance amongst SMEs. By investigating the nature and process
of total factor productivity in Singapore's SMEs, this book tells
the policy story behind the revolution. To provide a comparative
analysis, Singapore's story is placed within a South East Asian
context. The unfolding narrative contains important lessons for
policy makers and industry globally, as they assess the strategic
choices available to them for improving productivity and
innovation. This book will be of great interest to students and
scholars of innovation and productivity, as well as economic
development officers, government policy advisors, SME business
managers and sustainable businesses.
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