Citibank Survey: Small businesses looking to professional managers
In a rather surprising finding, 40% of Singapore SME's plan to pass their business to professional managers instead of handing them down to family members.This thinking is echoed by other Asian (namely Malaysia, Hong Kong, India and South Korea) SMEs that were sampled by the Economist Intelligence Unit on behalf of Citibank.
In the same breath however, SMEs are aware that attracting the right talent and staff is a challenge as they cannot match up to the superior resources of larger corporations.
Dare I say, unsurprisingly, money, for the Singaporeans is the greatest draw for enterpreneurship followed by a sense of personal achievement. The Asian average is a reversal of this - i.e. personal achievement is rated higher than money.
Tags: SMEs, Malaysia, Singapore
posted by hew @ 4:54 pm
0 Comments:
Post a Comment
<< Home