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They accumulated capital, founded lasting corporations and became experienced entrepreneurs. Twenty big businessmen lived through the Guided Economy periodbut only seven of them are still active today. Except for the Bakrie family and Soedarpo Sastrosatomo Samudra sea transport, Bank Niaga, general tradingtoday's survivors are not doing so well: Compared to the Benteng program period, conditions under the New Order were different, despite similar incentives to entrepreneurs.
In this context, corporate groups have blossomed, including the latecoming pribumi. The rise of the middle-scale ones was quite significant and promising for the future, especially groups like Bangun Cipta Sarana Siswono Yudohusodo, presently minister of housingEncona Engineering, Yusuf Kalla, Indisi, Krisna Karya, Tripatra, Satmarindo, etc.
Among them, many were able to resist and survive after the end of protections in the mids, when deregulation was initiated and government projects cancelled: Since then, they have diversified and faced international markets. The latest generation of pribumi entrepreneurs Several young capitalists are celebrated as the new entrepreneurial heroes.
Minister Ginanjar Kartasasmita, who was once junior minister for the increase of domestic product use, willingly admits he has favored the new capitalists: In a deliberate way, I used to give my support to pribumi entrepreneurs.
In the early s, eight of them founded the Kodel group Kongsi Delapan: They are active in agribusiness, chemicals, hotels, banking, and reinvest profits.
They have become one of the conglomerates, and are now capable of making heavier, longer term investments, including a joint venture with Petrokimia and Liem Sioe Liong to make detergent components in Gresik. He had just completed a round-the-world trip in a Mazda car with Achmad Kalla, who became his founding partner.
They learned the job by practising reverse engineering knocking down machines, to study them and also by going upstream in the manufacturing process. Once, a foreign firm won a tender for the delivery of rice mills; as a subcontractor for a few components, Bukaka was given all the blueprints.
Bukaka engineers duplicated them, and at the following tender they were able to be more competitive, as they now had the proper design and could use local materials and cheap labour. Gradually they were able to make equipment that was so far imported.
After being defeated in a tender for an asphalt mixing plant, Fadel went to Ginanjar Kartasasmita, then chairman of the Keppres 10 Team, who awarded him the contract. But although Bukaka's bid was cheaper than the imported product, the World Bank would not have it and cancelled financing.
Against Mitsui, the firm won the tender for the Sukarno-Hatta airport avio- bridges.
From monopolies to konglomerat As a part of the import substitution policy applied in the s, the government extended import monopolies to specific companies. Among the private firms thriving on sole importer licenses of which there were over and enjoying other privileges, many developed into conglomerates see table.Maggie Maher created her business plan for a concierge leasing company in , but decided to put it on the back burner while pursuing a career in property management and waiting for the Greenville market to gain momentum.
In September , she dusted off that plan and began Dwell Greenville. Indonesia Usa Petroleum Report - Download as PDF File .pdf), Text File .txt) or read online.
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"[Businesses] have to very specifically identify the customer's needs and what success is going to look like for that customer," says Barry Maher, a business consultant, speaker, and author. Maher highlights a refrigerator purchase as an example. A business plan can give you clarity and a path to success.
Some business plans are long and complicated, but yours doesn’t have to be. You can begin with a set of defined goals, an action plan, and a timeline.