Elements of Family Enterprise

Do you know the different between Forbes billionaires ranking and Indonesia 40 Richest List? The world billionaires is focus on individual wealth, while Indonesia list reflects a number of family fortune. There’s a lot of rich family and family business in the country. Some survive, some don’t. In order to survive, some create their own rules of game, like the Hamami family did (see Lasting Value or Built to Last). In regard to extend knowledge about family enterprise, I interview Albert Jan Thomassen, member of the Family Business Consulting Group and an expert on family business governance. He is also a colleague of Professor John L. Ward, who is helping the Hamami family construct their family constitution. Continue reading

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Creating an Entrepreneurial Culture

Noted businessman Chris Kanter is hoping to promote entrepreneurship through the GEPI initiative

Entrepreneurship is being developed everywhere in the world. One of the most recent initiatives is the Global Entrepreneurship Program Indonesia (GEPI). It is the Indonesian version of a U.S. State Department-led effort to promote and spur entrepreneurship in Indonesia. The program was first mooted by U.S. President Barack Obama in his Cairo speech in 2009 and selected Egypt for its first project. Indonesia came next. A group of local 13 business leaders, including Ciputra, Shinta Widjaja Kamdani, Sudhamek Agoeng Waspodo Sunjoto, Theodore Rachmat, aim to promote local entrepreneurs. Continue reading