Comprehensive SWOT Analysis of Singapore's Business Environment

This report presents a SWOT analysis of Singapore, examining its economic landscape and business environment. The introduction highlights Singapore's transformation into a global city, emphasizing its strict laws, cleanliness, and strategic location. The main body delves into a detailed SWOT analysis, identifying strengths such as diversity, manpower resources, modern technology, and efficient business policies, while acknowledging weaknesses like dependence on other countries and expensive products. Opportunities include maintaining technological advancements and expanding land area. Threats include cyber threats. The report further explores destination governance from a multi-scalar perspective, discussing the role of government in tourism planning and the application of Hall's growth triangle. It compares Singapore's development with Malaysia and Indonesia, highlighting Singapore's advanced technology and access to global markets. The conclusion summarizes Singapore's robust economy, attractive tax system, and collaborative approach to trade, emphasizing its strategic advantages and skilled labor force. The report concludes with a list of references to support the analysis.

Table of Contents
INTRDOUCTION...........................................................................................................................1
MAIN BODY...................................................................................................................................1
CONCLUSION................................................................................................................................1
REFERENCES................................................................................................................................2

INTRODUCTION
Singapore is a little nation in the Asia which is awarded with grade of AAA because of
the many reasons. The country has been started with the little money and the limited resources a
few decades ago but now it has turned to the best global city because of the cleanness. The rules
and laws in the Singapore are very strict that are related to the littering, spitting on the streets,
mischief, public urination and so on(Chiok and et. al., 2021). When any one break the laws so
the person is charged with heavy fines and also liable for the punishments. The roads are also
decorated with the tress which increases the reputation of the city. Besides, the public parks
among the tallest building increases the beauty of the place. There is ban on chewing gum when
found sticking to the unwanted place. There are beautiful malls and the cheap and good street
food available in the market.
MAIN BODY
Expanded the SWOT analysis in the plan/strategy
Strength Weaknesses
 Diversity: The people from the
different background are welcomed by
the government of Singapore and the
people living there. The people of the
country work in the diverse
atmospheres whereby different people
have different perspectives and
cultures. Therefore, different
circumstances and philosophies have
become the part of the life of the
coming generation.
Manpower resources: The country have
skilled and qualified human resources which
helps in growing and expansion of the
business(Büyüközkan, Mukul and
Kongar,2021). They help the country in raising
 Depend on countries: The country
rely on the country because its
domestic market is relatively small
thus, it exports various product which
includes electronics, pharmaceuticals
products, petroleum, mineral water and
industrial equipment.
 Expensive: The countries produces the
expensive products which it exports in
another country on the hire rates so
only few people buy those products
otherwise the people who have low
income are not able to afford.
 Government involvement: The
involvement of the government may
affect the country because it may have
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the per capita income through increasing the
human capital.
 Ultra Morden technology: The
country has pool of highly skilled talent
which bring innovation and there are
also sound policies of the government
or political stability which attract the
technology companies, therefore, it has
solid IT infrastructures.
 Efficient and effective business
policies: The nation has attractive
geographic location which allow the
business to access the market in the
world and provide efficient business
environment.
to face the trade restriction, tax
policies, tariffs and so on which can
affect the business of the corporates
which impact the country’s per capita
income.
Opportunities Threats
Maintaining and developing technology:
The country help in advances the technologies
by inviting the IT companies which may assist
them in building the infrastructures and
growing their businesses(Chong and Lee,
2021). It also brings innovation to their
products which attract the more customers
from various countries.
 Increasing the land area: The
government of the Singapore may
launch the mega projects such as it can
establishes the terminal of the airport,
buddings and expansion of the
sewerage. This may help the country in
 Cyber threat: This have become the
serious concern for the people because
the private data of the persons are
hacked by the hackers which can be
used for malicious purpose of given to
the competitors for making more
money.
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building the smart city.
The governance of the destination from a multi-scalar perspective using Hall's growth triangle
The destination governance is the process of planning for tourism which includes the
decision making by interacting with the stakeholders and the participants that help in improving
their stake and the performance. The government is responsible to prepare the plan for tourism
and its implementation. Therefore, it sets various benchmark and gathering of the data for the
purpose of tourism(Gao and et. al., 2022). The government promotes tourism because it help s in
increasing the national income and develop businesses which create the environment of
competitiveness across the globe. The governance highlight the benefits of tourism planning
which help in maintaining the power and control over the decision making process among the
stakeholders.
The growth triangle focuses on the sustainable development on the basis of the accessing
the strategic employment opportunities that can be related to the business park airport industrial
estate local employment and so on. These opportunities are for the quality public transport that
can assist in improving the city. The growth triangle refers to the mutual cooperation in the
ASEAN for the economic development. The growth triangle provide the limited area which is an
unregulated policy environment. The growth triangle of Singapore, Malaysia and Indonesia for
the development of the countries at the after pace. The Singapore is developed country because
it has highly skilled labour and the capital to invest in the bossiness(Hutton, 2021). It has
advance technology which it may get from the various countries by inviting the IT
infrastructures. Thus, it can access to the market globally and have advance physical structures
and commercial structures. Malaysia has land and natural resources to start the new business but
it has lack of capital and semi-skilled workers and intermediate technology which it can take for
the basic infrastructure. The Indonesia is an under develop country because it has unskilled
labour and have basic technology but have natural resources and have under developed land.
CONCLUSION
From the above discussion, it has been concluded that Singapore is a developing country
because it has robust economy and the attractive tax system which provide assistance to the
corporates to start their businesses. This help the country in enhancing their income have sound
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GDP because it supports the start-ups and provide ease for the incorporation and operating the
business activities. It has made collaboration with the scout roes and invite them to control the
trade in the country. It has good geographic location which attract the organisation to run their
business and also have highly skilled labour.
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REFERENCES
Books and Journals
Chiok and et. al., 2021. A distance sampling survey of the Critically Endangered Straw-headed
Bulbul Pycnonotus zeylanicus in Singapore. Bird Conservation International, 31(3),
pp.468-480.
Büyüközkan, G., Mukul, E. and Kongar, E., 2021. Health tourism strategy selection via SWOT
analysis and integrated hesitant fuzzy linguistic AHP-MABAC approach. Socio-
Economic Planning Sciences, 74, p.100929.
Chong, W.H. and Lee, B.O., 2021. Understanding Effective Implementation of Prevention
Education Programmes: Perspective from Singapore Schools. The Asia-Pacific
Education Researcher, 30(1), pp.23-32.
Gao and et. al., ., 2022. The evolution of Chinese border tourism policies: an intergovernmental
perspective on border tourism in Xishuangbanna. Asia Pacific Journal of Tourism
Research, 27(2), pp.157-172.
Hutton, T., 2021. Millennial Metropolis: Space, Place and Territory in the Remaking of London.
Routledge.
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