Using 'Patience Assets' and 'Intangible Assets' to establish a non-family talent pool for SMEs
In this commentary on how small and medium-sized enterprises (SMEs) are competing with large enterprises for professional talents, SMU Assistant Professor of Finance Mandy Tham pointed out that although they are at a disadvantage, the SMEs still have a chance at winning. She noted that many SMEs are likely to have family participation, and observed that family values will also seep into the concept of life and business. Asst Prof Tham believes that if these values can highlight the overall concept to combine unique family with business at earlier stages, or even at its onset, then it is also a force that can effectively draw talents. She concluded that there are also ways in which SMEs can attract talents, with the right strategies and patience.