Sunday, February 7, 2010

Productivity In Singapore



A unique Asian bun store in United States is currently offering the following services:


· Using a touch screen to order buns


· Make payment with credit card


The store, Wow Bao, did not depend on manpower to be productive.


Minister of State for Trade and Industry and Manpower Lee Yu Shyan indicated that that is the kind of innovation that local businessmen must embrace.


Productivity has taken on different meanings during different periods of economic development. Promoting manufacturing was the focus for Singapore in the 1970s, said Mr. Lee.


“But now, we are in a much more sophisticated economy. At this level of economic development, how do you make people more productive? I think that is the biggest question.”


Mr. Lee believe that Business owners must be innovative and workers must ensure that they are able to use higher technology such as handheld computers to increase productivity.

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