Evolution is the reason why nature’s flora and fauna have become so diverse.
Similar to organisms, companies also need to constantly evolve as the business environment changes.
Keppel Corporation Limited (SGX: BN4) is taking this wisdom to heart.
The blue-chip group has announced the next phase of its transformation by embarking on a major reorganisation to simplify its operating structure and go asset-light.
It’s a great move by management.
Marc Benioff, the CEO of Salesforce (NYSE: CRM), has been quoted saying “You must always be able to predict what’s next and then have the flexibility to evolve.”
Keppel is taking on this mantra by ensuring that it stays ahead and evolves to fulfil future needs.
Here are five things you should know about the group’s reorganisation.
1. The creation of three platforms
As part of its reorganisation, Keppel will adopt a horizontally-integrated business model with three distinct platforms.
These three platforms are the Fund Management Platform, Investment Platform...