Analyzes the different trajectories innovations and changes in the competitive strategy in Singapore as it evolves from an industrial economy to a knowledge-based one. In addition to the existing national innovation system in the well-heeled industrial manufacturing sectors such as electronics, chemicals and precision engineering, has developed a new type of innovation in research-intensive industries biomedical cluster that emphasized a special role in the evolving academic sector in the innovatio … Read more »

Analyzes the different trajectories innovations and changes in the competitive strategy in Singapore as it evolves from an industrial economy to a knowledge-based one. In addition to the existing national innovation system in the well-heeled industrial manufacturing sectors such as electronics, chemicals and precision engineering, has developed a new type of innovation in research-intensive industries biomedical cluster that emphasized a special role in the evolving academic sectors in the innovation process environment. Biotech investing at the moment apparently high risks due to the rather amorphous and unclear market signals come from industry provide. However, such technologies are speculative, governments must continue to spread their bets to encourage more opportunities. Singapore faces the challenges and opportunities are also available for other states seeking to adopt new measures to become competitive and national comparative advantage in an era of globalization.
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Govindan Parayil
Source: California Management Review
25 pages.
Release date: 01 February, 2005. Prod #: CMR303-PDF-ENG
Of “Silicon Island” to “Biopolis of Asia”: Innovation Policy and Shifting Competitive Strategy in Singapore HBR case solution

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