Strategic partnerships enable enterprises to grow faster and gain a foothold in the market. It is exciting when a company embarks on a newly formed collaboration with another like-minded organisation that can lend support, expertise, and resources. However, partnerships fall through as easily as they are formed. In this episode, we will explore the definition of a successful partnership. What types of partnerships are productive and helpful for a business? What is the secret to long-lasting partnerships whose benefits span across the years?
The number of local businesses going overseas dropped by 38% to 1,600 last year, which was expected due to global travel restrictions. Those that continued to pursue internationalisation, did so in different ways such as attending virtual trade fairs or online networking events, while tapping into e-commerce platforms to market and sell. In this episode, we discuss why internationalisation of businesses is important, and how companies can leverage resources, partnerships, and technology to manoeuvre past business challenges brought upon by COVID-19 and continue to grow and scale beyond Singapore.