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Innovation: A fad or a much-needed staple?

This is National Productivity Month, but flowers of innovation should bloom the whole year
Friday, October 3, 2014 - 05:50
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Leveraging BMI: The development of modern-day Singapore is a classic example of the successful use of Business Model Innovation (BMI). And as SMEs grapple with the challenges during this current phase of the country's restructuring, the importance of BMI is even greater.

THE history of Singapore's economy can be traced to the middleman and trading business, such as distributors, agents and sub-manufacturers. But these days, the middleman's role is marginalised, as the consumer can easily source for sellers online. This, coupled with intense competition, has led