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Journal Article

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Today, Chinese businesses play an important role in Singapore’s economy. They make up 99.3 per cent of all small and medium enterprises (SMEs) and employ 51 per cent of workers in the country, contributing 40 per cent of value add to the economy. However, the world economy has become more competitive and Chinese businesses in Singapore have been forced to look at modernizing and changing the way they do business.


Chinese businesses, modernizing, change, chinese entrepreneurs, guanxi, SMEs


Business | Business Administration, Management, and Operations | Organizational Behavior and Theory

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Copyright © Singapore Management University 2013

Licece/Creative Commons Licence

Creative Commons Attribution-Noncommercial-No Derivative Works 4.0 License
This work is licensed under a Creative Commons Attribution-Noncommercial-No Derivative Works 4.0 License.


Family-owned business enterprises, Small business -- Singapore, Entrepreneurship -- Singapore, Corporate culture -- Singapore, Chinese -- Singapore -- Economic conditions