Earlier, I highlighted the flaws of seduction model and the need of penetration model. Many may feel that the fundamental problems why Singapore are unable to build companies to “penetrate” into international is due to Singaporeans’ lack of entrepreneurial spirit and/or the way our education system is structured to be lack of creativity. 
Is Singapore Economy In Danger for Long Term Decline (Part 1)? - The Flaws of "Seduction Model" Is Singapore Economy In Danger for Long Term Decline (Part 2)? - The Need for "Penetration Model"
In my opinion these two reasons can be contributing factors, but Certainly NOT the root cause!  
Before I delve into what I think are root causes of Singapore’s maladroitness towards “Penetration Model”, let me first share my personal encounters with many entrepreneurs. The personal experiences can give me a better understanding to determine the root causes. 
Finally, I hope...