In the 21st century, digitalization has emerged as a transformative force that has fundamentally reshaped the business landscape in Singapore. These changes have had a profound impact on how companies operate, compete, and manage their finances. Recognizing the importance of technology and digitalization in driving economic growth and competitiveness, the Singapore government has actively encouraged companies to embrace digital transformation.
You are required from the perspective of management accounting to discuss and analyse the impact of digitization on a Singapore publicly listed company, considering the backdrop of the Singapore government’s initiatives to promote technology adoption. Identify and elaborate industry-specific strategies that the chosen company can implement to thrive and maintain its competitive edge in the digital age.
You may choose any company of your choice and may consider companies in retail, ecommerce, logistics, banking, or any industry where digitization and e commerce have played a crucial role.
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