Sunday, 11 October 2015

SG Issues: Education & Entrepreneurship

"The public service needs more creative people because it has to transform itself to help bring Singapore to a higher level of economic and social progress. Future productivity can come only from greater innovation, not from the addition of more labour and capital. Private-public sector collaboration can work only if there are innovative people both inside and outside the public service.
Unconventional ideas coming from one party alone is a recipe for failure. And if the service wishes to utilise behavioural economics to "nudge" citizens to behave in ways contributing to the public good, it must have creative people to imagine clever ways to do so. Wicked problems that are unpredictable and come from the realm of "unknown unknowns" also need creative solutions."



Taken from article posted just -

 What 18 year olds tell us about Singapore's future

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Do names like Mark Zuckerberg, Ho Kwon Ping, Jack Ma and Olivia Lum ring a bell?






Many developed countries in particular, work hard to devote resources to nurture their people. Nurturing entrepreneurship is one way to do so. Locally, organizations like EDB and SUTD have allocated funds and expertise to help nurture local talent. Some of your friends may even be members of similar clubs in school or served as participants in competitions related to entrepreneurship (http://www.fpspi.org/).  You covered corporate social responsibility under Global Issues, remember? It is one of the hallmarks in this field- to balance social contribution and profit-making ventures.


I suspect project-based learning in upper primary and PW in pre-university were also invented and put into the curriculum to drive an interest towards problem-solving skills in this generation.



But what exactly is entrepreneurship? Is it related to business and commerce, a course some of you are keen to undertake in university?




These articles explore some challenges Singapore is facing in developing its own talent pool in this area, not forgetting the success stories and real struggles founders and venture companies face,  in trying to sustain their business on a national, regional and global scale.






On an inspiring note, some young entrepreneurs continue to buck the trend.


By the way, you might have eaten here before. A friend told me that this chain was set up by some graduates from our polytechnics.

Yet many prospective entrepreneurs may shy away from the challenges. Do you know of any or are you one of them? Why?


On a deeper note, it should not surprise many that the gaps on the ground may be related to an exam-driven culture here where productive failure may not be one of the key takeaways for students as part of an important set of life-skills to gain.






http://www.iesingapore.gov.sg/Media-Centre/News/2013/7/Encouraging-entrepreneurship




http://highlightbusiness.com/challenges-that-young-entrepreneurs-face-in-singapore/




http://www.straitstimes.com/opinion/too-much-education-is-bad-dont-over-educate-the-young-nassim-taleb


Would this be one of the many economic implications generated by social  / education policy?



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