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How SMEs should play the innovation game in these tough times

Grab Taxi's model is an example of an innovation. Its app has helped to plug the taxi supply problem. No new product was launched; its owners are not even taxi operators. They simply used existing platforms and combined these with ideas that were outside the norm.


IN an interview in The Business Times last December, Singapore Business Federation chief Ho Meng Kit described Singapore companies as being "not so well prepared" to take advantage of Singapore's changing economic landscape because they are not ready to roll out more innovative...