Knowledge-Based Economy (KBE) & Singapore - Dare Enough to Re-Define One's Skills?

Winning competition needs much planning-cum-long preparations and so, organizations and individuals need to re-define their skills or competencies. In the case of island-Republic Singapore, companies and individuals create and sustain their competitive advantage by adopting a multi-pronged approach through increasingly applying knowledge, technologies and competencies. This will heighten Singapore's achievement of a knowledge-based economy (KBE). While examining the two vital challenges companies and individuals faced, the author analyzes and highlights the steps towards building a world-class workforce in Singapore as well as fostering a culture of learning, creativity, innovation; risk taking and technology/entrepreneurship or technopreneurship