The growth challenges facing Singapore's SMEs

FOR all of our collaborative technologies, businesses today remain worlds apart when it comes to the topic of growth and how to deal with the challenges that it brings.

Some company leaders choose to measure growth in terms of profit, while board members at other businesses see geographic expansion as the priority. Some businesses blame themselves when they don't grow as expected believing their lack of entrepreneurial spirit or restricted skillsets are holding them back, while others believe it to be external factors such as competition and economic uncertainty that prevent their growth.

Needless to say, for such a simple word, "growth" is a more complex topic than it seems.