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Enhancing Entrepreneurial Spirit A Resolve for University Graduates

Enhancing Entrepreneurial Spirit A Resolve for University Graduates The growing importance of entrepreneurship is the result of a global awareness of increasing competitiveness in the business environment. In Singapore, the SME Master Plan 1989 emphasises entrepreneurship as a key component of the strategy to develop Singapore into a major node in global business and a total business centre. Much has been reported in the press about entrepreneurship. The article So You Think We've Arrived Straits Times, 3 Jan 1993 says it all. In the past, Singapore had the temporary sensation of plenty and peace. Singapore industrialised and attracted multinational corporations MNCs to leapfrog the region. This has enabled Singapore to grow at a phenomenal rate. Now, the region has awakened. Our neighbours have learned and are now more competitive to demand a share of the market. The challenge for tomorrow is a more competitive business environment. Our Senior Minister, Mr Lee Kuan Yew, has emphasised that about 15 to 20 percent of Singapore's better graduates must venture abroad if Singapore is to become a developed country Straits Times, 23 Apr. 1993. Thus, the emerging need for an entrepreneurial spirit has begun and is more real now than ever. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Management Research News Emerald Publishing

Enhancing Entrepreneurial Spirit A Resolve for University Graduates

Poon Teng Fatt, James; Hee Ang, Teo
Management Research News , Volume 18 (1/2): 22 – Jan 1, 1995
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References (2)

Publisher
Emerald Publishing
Copyright
Copyright © Emerald Group Publishing Limited
ISSN
0140-9174
DOI
10.1108/eb028398
Publisher site
See Article on Publisher Site

Abstract

The growing importance of entrepreneurship is the result of a global awareness of increasing competitiveness in the business environment. In Singapore, the SME Master Plan 1989 emphasises entrepreneurship as a key component of the strategy to develop Singapore into a major node in global business and a total business centre. Much has been reported in the press about entrepreneurship. The article So You Think We've Arrived Straits Times, 3 Jan 1993 says it all. In the past, Singapore had the temporary sensation of plenty and peace. Singapore industrialised and attracted multinational corporations MNCs to leapfrog the region. This has enabled Singapore to grow at a phenomenal rate. Now, the region has awakened. Our neighbours have learned and are now more competitive to demand a share of the market. The challenge for tomorrow is a more competitive business environment. Our Senior Minister, Mr Lee Kuan Yew, has emphasised that about 15 to 20 percent of Singapore's better graduates must venture abroad if Singapore is to become a developed country Straits Times, 23 Apr. 1993. Thus, the emerging need for an entrepreneurial spirit has begun and is more real now than ever.

Journal

Management Research News – Emerald Publishing

Published: Jan 1, 1995

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