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Tackling the growth-efficiency feud

Management research shows that the most successful companies are the ones that balance exploration and exploitation.

Small firms - despite facing constraints in manpower and financial resources - can position themselves for growth and success if they have resolve and resourcefulness.


MANY Singapore firms, both small and large, often have the twin goals of ensuring efficiency in their operations, while creating growth opportunities for the firm through innovation.

However, these twin goals of innovation and efficiency often compete with each other,...

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