E-Commerce as a Business Enabler for Small and Medium Size Enterprises: Issues and Perspectives from Singapore
Leo Tan Wee Him (Singapore National Academy of Science, Singapore and National Institute of Education, Singapore) and R. Subramaniam (Singapore National Academy of Science, Singapore and National Institute of Education, Singapore)
Copyright: © 2004
The new economy is posing challenges for countries to enhance their competitiveness through IP-based business initiatives. A key strategy is to get small and medium-size enterprises to be part of the e-commerce ecosystem. Singapore has put in place an advanced digital telecommunications network as well as the necessary regulatory and policy frameworks for the support of e-businesses. In this chapter, the status of e-commerce developments among small and medium size enterprises in Singapore is assessed. It is noted that, whilst these enterprises still have quite a way to go in terms of emulating e-business practices, market developments will force many of them to adopt e-commerce practices in due course. State intervention strategies are also especially imperative in getting promising enterprises as well as others in growth sectors to come on board the e-commerce platform.