I saw this video shared on Facebook and reshared it with my thoughts. It is a clip of Philip Yeo, Chairman of SPRING Singapore, a government statutory board promoting entrepeneurship, giving his reason why Apple is successful.
First of all, bear in mind that the clip may be taken out of context of a larger message, but his basic ignorance is still revealed.
This is a sad of example of not understanding the current business environment and value-creation driven economy. And this is quoted from the chairman of our country’s statutory board to promote entrepreneurship and innovation? His lack of understanding of Apple’s business model and success is more astounding than our magic.
But, it is apparent to me that Philp Yeo is the 1% genius in our society because he doesn’t own an iphone; otherwise he would have this app: