How Singapore Can Become the “Switzerland of the East”
The Singapore Government, through the Monetary Authority of Singapore (MAS) has made a bold move into the world of Islamic Banking to step ahead of their “competitors.” Congratulations to MAS for putting egg on the faces of the Hong Kong business community (and the Malaysian banking community who has traditionally held this post in the region), as per the following posting in the HK Standard Charting a Safer Route…
The government has also instituted numerous learning and development programs in the banking community through a few of the local learning institutions to bring up the standards in the banking and finance personnel. I have heard from numerous sources that a lot of money and time has been put into this with little results.
Singapore’s business community relies heavily on the government to make decisions to protect the businesses and ultimately the working people. I am not knocking this and believe it has contributed to the success of Singapore. I am pretty sure that the government and the business community are aware that this time around, things are different and that decisions from the top may not encompass all the answers.
Do they know the difference between the “old world” of business and the “new world” of business? Probably not as reflected in their actions. What about personal development, motivation and effectiveness skills in Singapore? These areas have been overlooked and need serious considerations.
We believe the solutions lie in the people. Your people upfront make the difference- and that difference will move the business community ahead to an area of true cometitiveness.
For more see yesterday’s posting How to Repolish the Banking Image…
Trip Allen, Team Egyii, Singapore
Tags: Bank Training, Learning and Development Strategy, People Skills, Singapore Banking, Training Effectiveness
April 27th, 2009 at 4:53 pm
Enjoying reading your blog. Hard work always pays off.