Companies urged to move from adding value to creating value

Singapore

THE need for companies to move from adding value to creating value in order to survive was a key message that emerged from a seminar organised by the Singapore Business Federation (SBF) and PwC on Monday.

SBF chief executive Ho Meng Kit said in his opening remarks that companies have to innovate in order to stay competitive, especially in this "cut-throat world".

"Value-creation goes beyond the mere streamlining of operations or processes. It potentially involves a company evaluating its line of products and …