ABOUT THE PROBLEM

Let’s face it, if there are no problems, there's no need for solutions.

For a start, no company planned to fail.

Try asking any entrepreneurs what are their aspirations, chance is all of them aspires to build a profitable and money-making business enterprise. Recently, Mr. Philip Yeo, Chairman of Spring Singapore, said that Singapore companies must learn to Grow, Glow & Globalize to stay relevant and profitable. Thus the aspirations of every enterprise is to :

(1) Achieve Success (Glow)
(2) Sustain success (Grow)
(3) Achieve scalable success (Globalize).

But the truth is; over 80% of new businesses failed during the first 5 years and many more companies are still struggling, surviving and fire-fighting even after many years. Whereas, those who managed to achieve a certain degree of success finds it difficult to sustain their successes for long and those who managed to sustain are not able to scale.

The question we need to ask is; why is there a discrepancy between our aspirations and reality? The answer lies in the fact that what it takes for an entrepreneur and the enterprise to achieve sustainable and scalable success is radically different from what it takes to start a business.

To start a business, all you need is product, capital and attitude. To achieve success, sustain success and to build a scalable model, you’ll need to develop 3 core intangible assets, namely :

(1) Concepts

(2) Competences and

(3) Connections*.

The 5 Building Blocks of Success™ program is specially tailor-made for the purpose of helping companies build and develop these 3 intangible assets and superior capabilities: (1) Concepts, (2) Competences and (3) Connections.

 (*On the Frontiers of Management, Professor Rosabeth Moss Kanter, Harvard Business School, 2005)