ID :
209918
Wed, 09/28/2011 - 10:57
Auther :
Shortlink :
https://oananews.org//node/209918
The shortlink copeid
SINGAPORE BECAME FIRST WORLD NATION DUE TO FOCUS ON LEADERSHIP, TALENT: MINISTER
SINGAPORE, Sept 28 (Bernama) -- Singapore grew from a third world to a first world economy because of its emphasis on leadership and talent, says Emeritus Senior Minister Goh Chok Tong.
"From experience, we believe that for companies to succeed in the region, they need to develop leaders and talent with the right knowledge to operate in Asia.
"Then, you can fully harness the growth potential of Asia," he said in his address at the 2011 Singapore Human Capital Summit here on Wednesday.
He said Singapore is happy to share its experience with others.
"It can play a role in helping companies develop and execute effective human capital strategies for Asia," he added.
He pointed out that companies are rapidly expanding in Asia in tandem with the growing consumer market at the same time as Asian companies are becoming stronger players on the global arena.
"Asian operations are increasingly important for multinational companies to balance uncertainty and slower growth in developed markets.
"The growth of Asia’s business landscape presents tremendous opportunities for companies. Taking advantage of these opportunities requires the right human capital strategies," he added.
Sharing Singapore’s experience, Goh said companies need to invest in and develop strong leaders.
"We do this for our political leadership and public sector. Most of our larger private sector companies do likewise.
"Asia’s business environment is diverse and complex because there are many countries with different forms of government and at different stages of development," he said, adding this presents challenges for business leaders looking to ride on Asia’s growth potential.
He said senior executives, whether Asia-based or otherwise, need a deep understanding of the varied business, regulatory and human capital landscape in Asia.
"They need to be familiar with local attitudes and practices, and be able to develop customised business strategies," Goh added.
This year’s Singapore Human Capital Summit brings together more than 600 business chiefs, thought leaders and HR practitioners from over 14 countries to discuss human capital challenges and strategies for Asia.
"From experience, we believe that for companies to succeed in the region, they need to develop leaders and talent with the right knowledge to operate in Asia.
"Then, you can fully harness the growth potential of Asia," he said in his address at the 2011 Singapore Human Capital Summit here on Wednesday.
He said Singapore is happy to share its experience with others.
"It can play a role in helping companies develop and execute effective human capital strategies for Asia," he added.
He pointed out that companies are rapidly expanding in Asia in tandem with the growing consumer market at the same time as Asian companies are becoming stronger players on the global arena.
"Asian operations are increasingly important for multinational companies to balance uncertainty and slower growth in developed markets.
"The growth of Asia’s business landscape presents tremendous opportunities for companies. Taking advantage of these opportunities requires the right human capital strategies," he added.
Sharing Singapore’s experience, Goh said companies need to invest in and develop strong leaders.
"We do this for our political leadership and public sector. Most of our larger private sector companies do likewise.
"Asia’s business environment is diverse and complex because there are many countries with different forms of government and at different stages of development," he said, adding this presents challenges for business leaders looking to ride on Asia’s growth potential.
He said senior executives, whether Asia-based or otherwise, need a deep understanding of the varied business, regulatory and human capital landscape in Asia.
"They need to be familiar with local attitudes and practices, and be able to develop customised business strategies," Goh added.
This year’s Singapore Human Capital Summit brings together more than 600 business chiefs, thought leaders and HR practitioners from over 14 countries to discuss human capital challenges and strategies for Asia.
