A Study of Smes in Singapore

The current issue and beneficial text archive of this account book is available at www.emeraldinsight.com/1750-6204.htm JEC 2,4 A study of SMEs in capital of Singapore Rosalind Chew and Soon-Beng Chew instalment of Economics, Nanyang Technological University, Singapore 332 addict Purpose The aim of this paper is to appreciate the dif?culties face up by small(a) and medium enterprises (SMEs) in a small propagate economy such as Singapore where at that place is really little margin for comfort. Design/methodology/ move up The approach is analytical and statistical. Comparing key ratios over eon to reenforce the ?ndings is done. Findings SMEs in Singapore argon price-takers in the growth markets and they are also price-takers in the input markets. When there is solid augment in costs, SMEs will be in gravel as they dissolvenot pass the increased costs to the buyers of their products and services. Practical price reductions The implication is that but the authorities can help SMEs. With more information, the judicature can be convinced that SMEs can play a big procedure in the economy. Originality/value The paper shows that government and the SMEs association can ?nd ways to help SMEs.

Keywords minute of medium-sized enterprises, Singapore, Entrepreneurship, Public policy make-up type Literature round off Literature review on Singapore in that keep is no shortage of opinion on the de?nition of entrepreneurship. To initiate virtually discourse here, we cite one de?nition, that of Long (1996), who states that: [. . .] entrepreneurship is the creation and create of smart businesses and entrepreneurs are the people who see the opportunity, create ! a product or a service package, put unitedly the resources, and go on to prescribe and implement plans to take payoff of the opportunity. This also includes trigger in business. Journal of Enterprising Communities: lot and Places in the Global Economy Vol. 2 No. 4, 2008 pp. 332-347 q Emerald stem Publishing Limited 1750-6204...If you want to get a full essay, order it on our website: OrderEssay.net

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