On 18 February 2020, DPM and Minister for Finance, Mr Heng Swee Keat presented the Singapore Budget 2020. A number of measures to deal with short-term challenges of COVID-19 coronavirus outbreak and long-term economic development were introduced. What does the budget have to support your business? One of the underlying theme of the budget is […]
In the second part of this article on “Digital Transformation – Disrupt or Be Disrupted”, I will share on new digital economy business models that have disrupted and transform various industries and what companies in Singapore can learn from those who have managed to do well and successfully hyper-grow their businesses in this new digital […]
Askvisor’s Founder, Khengwah Koh, was the keynote speaker at Singapore Indian Chamber of Commerce and Industry ( SICCI ) seminar on Digital Transformation on 6th September 2018. The seminar room was packed full with managing directors, CEOs, directors and senior managers of various small-medium enterprises. Khengwah spoke on the urgent need for businesses to embrace […]
Disruptions brought upon by digital technologies have hit brick and mortar retailers’ sales hard in recent years. Retailers shut down more than 7,000 stores across the United States in 2017. Everyone is affected, even the biggest names like Barnes and Noble, JC Penney, Macy’s, Nordstrom, Office Depot, Sears, The Gap and Starbucks. Toys R Us, Payless […]
One of my favourite activities that I used when conducting Design Thinking training workshops is the “Spaghetti Marshmallow Challenge”. It helps my learners experience the importance of experimentation, trial and error, and prototyping in the journey towards achieving a design that meets requirements. It originated from veteran product designer Peter Skillman. Tom Wujec gave an […]
By Khengwah Koh, Askvisor Consulting New business models enabled by digital technologies have disrupted many businesses, regardless of their sizes, from the small brick and mortar retail store to large multi-national corporations. According to Innosight: “The 33-year average tenure of companies on the S&P 500 in 1964 narrowed to 24 years by 2016 and is […]
52% of the Fortune 500 firms since 2000 have been merged, acquired or bankrupted. Change Is The Only Constant. Digital Transforms the Game of Business. Digital Transformation is the transformation of a company’s competencies, priorities, processes, products, services and business models to fully leverage the opportunities brought about by digital technologies and the fast growing digital culture. […]
Many traditional businesses struggle to stay afloat today amidst the disruptions brought upon by the Internet. Failure to adapt quickly enough to a changing business environment and consumer habits can doom a business. Many brick and mortar businesses have to transform themselves and embrace the Internet to survive. A website is no longer a ‘good […]
An industrial designer once asked me “What differentiates a great product design from the many other less successful ones?”. I paused for a while to ponder. One word came to mind. Empathy. Understand in-depth the needs of the target users for your product is the foundation for successful product design. Knowing what truly are the […]