SMEs at risk of losing out in high-stakes Innovation WarsThe Straits Times
I raise here the prospect of small and medium-sized enterprises (SMEs) around the world and across industries becoming collateral damage in the Innovation Wars or, to put it more mildly, Global Innovation Rat Race.
SMEs are helplessly squeezed between technology start-ups and global corporations in this battle. The stakes are high because the digital world follows “the winner takes all” economics.
Ambitious tech entrepreneurs, scattered across continents but united by common visions, are driving the worldwide start-up movement that is frantically re-imagining the century-old status quo first forged in the industrial revolution, and disrupting one industry after another.