THE CAMPUS

Future Challenges of Indonesia’s Business

2015 in Energy and Financial Services

HAPPY NEW YEAR 2015!

www.sbm.itb.ac.id/mba/jakarta

SBM ITB, Indonesia Best School of Management 2014

Category State University A Accreditation

New Rector of ITB 2014-2019,

Prof. Kadarsah Suryadi

Newsletter 2014

ENTREE

Designed to support you as a young

MBA student with entrepreneurial spirit

that leads you to be creative in starting

your own new venture.

Entrepreneurship MBA

BLEMBAExecutive MBA in

Business Leadership

Decision making and

networking are two keys

area of success.

GLEMBA

Executive MBA in Global

Leadership

The dual degree program

offers novel solution to your

transnational business problems.

DSMDoctoral of Science in

Management

A compromise between real-

world business and academic

rigor.

TK Low Center for Executive Education

Graha Irama (Indorama) 12th floor

Jl. HR Rasuna Said Kav.1-2

Jakarta 12950

Ph: +6221 529686

Mail: admission-jkt@sbm-itb.ac.id

www.sbm.itb.ac.id

Admission Test:

11 April 2015

09 May 2015

06 June 2015

Important Dates

Open House:

14 March 2015

18 April 2015

09 May 2015

OPEN ENROLLMENT 2015

Visit us!

Coming Soon!

MBA in General Management aims to foster innovation in the organization you are engaged in.

Spread the words

Content

In MemoriamThe Founder of SBM ITB,

Prof. Surna Tjahja Djadjadiningrat

4

Future Challenges of Indonesia’s Business 2015 in

Energy and Financial Services

Alumni Forum 20145

Welcoming the Future Students 20147

3New Rector of ITB

Prof Kadarsah Suryadi

International & Cooperation

MoU Signed

A Presidential Forum 2014

Gita Wirjawan: 5 Issues for the Next President

Anies Baswedan: Indonesia Needs Angklung’s Leadership Style

9

Activities and Achievements

Social Enterprise for Economic Development:

On a Journey toward Sustainable

Development

Global CEO Program: A Transformational

Journey

SBM ITB Awarded as Indonesia Best School of

Management 2014 Category State University

A Accreditation

17

Dr. Agung Wicaksono and Prof. Jean Pierre

Lehman: With Elections Looming, The Garuda Keeps

Soaring

Dr. Aries F Firman and Henny Wahyuni, MBA:

How Companies Can Get Advantages from the

Application of Project Management

Dr. Rusdian Lubis: Safeguarding Sustainable

Investment

Jababeka: We Aim to Create Value for Indonesia

Prof. John Kasarda: Creating Indonesia’s

Competitive Advantage with the Aetropolis Model

Prof . Kirpal Singh: A Creativity Talk: Encouraging an

Innovative Corporate Culture

11

The Graduates21

Mothers Day22

Exchange Knowledge with the Experts11

Prof. Kadarsah Suryadi

ITB New Rector, Prof Kadarsah Suryadi

BANDUNG, itb.ac.id – The Majelis Wali Amanat (MWA) ITB appointed Prof. Kadarsah Suryadi as the

Rector of ITB 2014-2019 through deliberaztion. Next, the inauguration of Prof. Kadarsah will be held on

Monday (05/01/15) at ITB West Hall.

Betti Alisjahbana as the Chairman of MWA ITB explained that as national university with a legal entity, ITB

had carried a great expectation to contribute significantly in the area of research. “Not only stop on

publication, the research results are expected to be an innovation useful for the wider community. Therefore

MWA ITB agreed that Prof. Kadarsah’s program that is to change a research university based with the

entrepreneurial university would strongly support the great expectation, ”said Betti.

The election was attended by the whole stakeholders of ITB, ranging from Minister of Higher Education and

Research, West Java Governor, the Academic Senate, public representative, alumni representative,

teaching staff representative, and students representative. The criteria on which to base the selection of the

rector competence are integrity, commitment, leadership, managerial, entrepreneurship spirit. The Rector of

ITB is expected to bring ITB as a excellent university with strong network in the world, both as an institution

of higher education and research institutes. In addition, the new rector also are expected to bring ITB to

become the motor innovation as devotion to the community and contribute to increase the competitiveness of

the people.

“This is the obligation and trustful task. ITB was built for the public purpose. Stanford University and MIT

become world class university not only because of their competence in solving the world’s problems, but

because they solve the local and national problems. Hopefully in the future, we can focus more on local as

well as national’s issues and solve it.” said the new Rector for the next five years.

International & Cooperation: MoU Signed

SBM ITB – NTU

Jakarta (26/2/14) – Nanyang

Technopreneurship Center (NTC) signed an

MoU with School of Business and

Management (SBM) Institut Teknologi

Bandung. Students Exchange, Joint Research,

and Dual Degree programs would be the

key points in the agreement.

SBM ITB – National Taiwan University

Science and Technology (NTUST)

Taiwan (17/11/14) - National Taiwan

University Science and Technology (NTUST)

signed an Memorandum of Agreement with

School of Business and Management Institut

Teknologi Bandung (SBM ITB). The agreement

covered Students Exchange, Double Degree

program, Boot-camp program, Short Exchange

Student, Joint Research and Faculty Exchange.

SBM ITB – Markplus, Inc

A memorandum of understanding

between the School of Business and

Management Institut Teknologi

Bandung (SBM ITB) and MarkPlus, Inc

signed by Prof. Sudarso Kaderi

Wiryono the Dean of SBM ITB and Dr.

Hermawan Kartajaya the Founder and

CEO of MarkPlus, Inc (Jakarta,

10/12/2014). MoU was signed to

create an inhouse Executive MBA

program in Strategic Marketing next

year.

The Highlights

The Founder of SBM ITB

Prof Surna Tjahja Djadjadiningrat

He left a very deep sorrow not only for family, but also for large family of SBM and ITB as well as all

sectors that often seek for his advice. Many achievements and works during his life as he still had big

future goals for the improvement of the nation.

And the last rites had been conducted in Aula Barat ITB on Tuesday, August 26th, 2014. It was led by

Prof Kuntoro Mangkusubroto and attended by family, colleagues , and fellow of Pak Naya during his

lifetime.

“Farewell Pak Naya, we will continue your struggle and dreams… “

In Memoriam

Jakarta, 25 August 2014 at 11.30 pm, Prof. Tjahja Surna Djadjadiningrat

Fondly known as “Pak Naya” passed away in Harapan Kita Hospital,

Jakarta. He was one of the founders School of Business and Management

Institut Teknologi Bandung and he was also known as an expert on green

economy.

Prof. Surna Tjahja Djajadiningrat was a Professor in Environmental

Management at Institut Teknologi Bandung (ITB) as well as the Chairman of

the ASEAN Learning Network. He sat in the Board of Advisor, School of

Business Management, ITB and was a Visiting Professor at St. Gallen

University, Switzerland.

Earned his PhD (Natural Resource and Environmental Economics) from University of Hawai’i, USA, he led

many departments. He was Deputy Minister for Information, Communication, and Community

Participation, Ministry of Population and Environment, Deputy Minister of Coordination Sectors, Ministry

of Environment, Deputy Head of Environmental Impact Management Agency (BAPEDAL), AMDAL Sector

& Technical Guidance, Expert Staff for Mining Environment, to the Minister of Mines and Energy;

Director General of Mining, Department of Mines and Energy; Head of Education and Training Agency,

The Energy and Mineral Resources, and the Founding Dean of School of Business and Management - ITB

in year 2004.

Alumni Forum 2014

SBM ITB held Alumni Forum 2014 with topic Future

Challenges of Indonesia Business 2015 in Energy

and Financial Services. Came as speakers were

Ahmad Yuniarto (Chairman of Schlumberger

Indonesia), Rico Usthavia Frans (Senior Executive

Vice President for Transactional Banking of PT.

Bank Mandiri Tbk), and Dr. Agung Wicaksono

(Lecturer of SBM ITB) as moderator for this forum

held at Kampus Jakarta (6/12/2014).

“Energy sector is a sector where you don't have to

work for demand. Even when you are asleep, you

will see the demand is growing. But in the other

hand, that was very big challenge. Looking into

2025, we will get into the level of 8 million barrel

oil per day. We should not only to maintain the

level of production, but also” to up the production.

And the biggest revolution in term of energy is that

we have to move away from the perception that

Indonesia is rich of energy resources,” said the

Chairman of Schlumberger Indonesia.

As we moved to Bank Mandiri’s as one of the

leading financial services in the region, their

challenge in next year as Rico stated, “Every 5

years, we have a long-term plan starting from

phase 1 in 2005 – 2009, phase 2 in 2010 – 2014

and phase 3 2015 – 2020. Our vision is to lead

domestic position and close remaining gaps in key

areas, tap into high value regional opportunities.

Of course, we would like to be the icon of

Indonesia like Samsung in Korea, Sony in Japan or

Apple in US. And when we talk about financial

Industry, there is Mandiri in Indonesia.”

Moderated by Dr. Agung Wicaksono, both speakers

received many questions from the audience. Ahmad

Yuniarto explained to participants on the reason why we

have the energy mix strategy. “To win out our dependency

on fossil fuel, there is genuine inception to tap into: new

and renewable energy beyond traditional fossil fuel.

Indonesians say that Indonesia has the biggest potential

geothermal resources in the world, but why geothermal

energy is not growing? Some of the problem was actually

a non technical problem that geothermal associated with

the magma, and magma associated with volcano, and

volcano is out there in the beautiful protected forest. And

when we are talking about new and renewable energy,

the biggest opportunity in Indonesia is not geothermal, is

not even hydro. The biggest opportunity in Indonesia is

biofuel and biomass”.

To close the session, moderator summed up the discussion

content with note. “Be it developing energy sustainability

or expanding financial inclusion, the key lies with the

people. We need to have the right man on the right place,

people with no vested interest and baggage from the past

who can make the right decision. It is why revolusi mental

(mental revolution) sounds easy but actually it’s very

difficult, since it deals with simple decisions but can be

tough for the persons with wrong mentality. This is the very

basic fundament of mental revolution, instead of obliging

civil servants to eat cassava or officials flying economic

class,” highlighted Dr. Agung Wicaksono.

In this opportunity Dr. Yos Sunitiyoso as the Director of

Jakarta Campus shared an update to the alumni. “As we

have been growing, today’s number of Jakarta’s students

has reached about 428 with total alumni of 346. And

starting next year, we have a doctoral degree of science

in management held in Jakarta and we do have some

MBA alumni accepted as students,” shared Yos Sunitiyoso.

“the biggest revolution in term of energy is that

we have to move away from the perception that

Indonesia is rich of energy resources” Ahmad

Yuniarto

Future Challenges of Indonesia’s

Business 2015 in Energy and

Financial Services

Left – right: Rico Usthavia Frans, Ahmad

Yuniarto, Agung Wicaksono

Alumni Forum 2014

7

Welcome new students of SBM ITB Jakarta

Batch 50! Took place at Putri Duyung Hotel

Jakarta, 18 January 2014. We have 47

BLEMBA students, 22 students from ENTREE

and 16 students from GLEMBA and 13

students from BASHAR are ready to bring

the house down!

Held on the same place at Putri Duyung

Hotel Jakarta 10 August 2014 SBM ITB

Jakarta also welcoming new students batch

51. We have 48 BLEMBA students and 29

students from ENTREE. They joined the

Introduction Program to prepared them

before join the class. Let’s Learn, Leap and

Lead!

Welcoming the

Future Students 2014

Introduction Program Batch 51

Introduction Program Batch 50

9Left to Right: Agung Wicaksono, Yani Panigoro, Anies Baswedan, Yos Sunitiyoso

Gita Wirjawan was the first speaker of

Leadership Night: A Presidential Forum 2014

held by School of Business and Management ITB

at Jakarta Campus last Wednesday (16/4/14).

According to Gita, there were 5 things that the

next leader should have accomplished. It would

include economic growth, education, law

enforcement, diversity, and geopolitic influences.

“The next government is about from public to

public. As long as we do the best as public policy

maker and we can make people happier. I think

that is the net profit of what we do as a policy

maker,” said the candidate president from

Demokrat Party’s convention. Whoever stepped

up to be the leader for this country, said Gita,

he/she should have been able to do things

below:

- Increasing economic growth with equitable

- Increasing the quality and quantity of education

- Law enforcement, law reform

- Keep the diversity of Indonesia

- How Indonesia can be influencing in geopolitic

construction

Gita Wirjawan:

5 Issues for the Next President

Left – right: Hotasi Nababan, Gita Wirjawan, Shanti L.

Poesposoetjipto, Yos Sunitiyoso

“Leadership style in Indonesia is not like playing piano,

guitar, or violin in which can be played by a single player.

We should implement the Angklung style. It is the leader who

gives code to create a symphony. That’s movement, that’s

leadership,” said Anies Baswedan who was inspired by

learning lessons implemented at Saung Angklung Udjo. Anies

as one of candidate presidents from the convention of

Democrat Party was invited to share about his leadership

journey in Jakarta (28/4/14).

“One of the biggest problems in Indonesia is corruption. It

happens in all parties and all sectors. With Turun Tangan

movement, we invite the Indonesians to get involved and

create changes to the political face of Indonesia. We want

the people who represent us, are those people who can

make us proud,” told the Rector of Paramadina University.

Moreover, Anies continued to share about how Indonesia had

not yet been focused on the human resource development

and how he initiated Indonesia Mengajar to contribute. “The

key challenge for human resource is teacher. When we talk

about teacher, three major problems appear. Those are

teachers distribution, quality, and their welfare. The main

idea that we want to develop is to focus on human resource,”

as the founder explained.

More about Indonesia Mengajar. It is a movement initiated

by Anies Baswedan that invite Indonesia’s best young

generation – the educated, high achiever and striving new

generation – to become elementary teachers for one year

throughout Indonesia. Indonesia Mengajar believes that the

presence of Indonesia’s best young generation as teachers

would improve the quality of education in Indonesia.

Anies Baswedan: Indonesia Needs Angklung’s

Leadership Style

Anies Baswedan on Leadership Night 2014 (28/4/14)

Besides Gita Wirjawan and Anies Baswedan, the forum also

sets Joko Widodo and Prabowo Subianto to share their

leadership journey, but regretfully failed to attend.

Leadership Night 2014: Presidential

Forum Series

It's official. Indonesia's main opposition PDI-P party has

nominated the widely popular Jakarta Governor Joko

Widodo – better and more affectionately known as

Jokowi – as its candidate for the presidential election

due on 9 July. This could be another significantly

positive game-changer in Indonesia's recent quite

uplifting narrative.

Before the presidential election come national

parliamentary elections, which are due to be held on 9

April. As things stand, Indonesia's 187 million

registered voters will choose between 12 parties

fielding a total of 200,000 candidates.

These elections have so far attracted little attention in

the West, underlining the fact that Indonesia is without

doubt the world's biggest country about which the

littlest is known. We would suggest two reasons for this.

One is that despite Indonesia's size, it is overshadowed

by India and China. The other is that "good news is no

news".

These conditions will persist, so Indonesia is likely to

remain in relative global obscurity despite its

accomplishments. The forthcoming elections present a

number of challenges, but on balance there is good

reason to believe that stable democracy will prevail.

Indonesia's national symbol (and the name of its

national airline) is the garuda, a large bird derived

from both Hindu and Buddhist mythology. Although

there will be headwinds, the garuda should continue to

soar.

Then and now composed (depending on the tide) of

13,000 to 17,000 islands, Indonesia has a quarter of a

billion people, making it the world's 4th largest country;

it also has the world's largest Moslem population, with

significant ethnic, linguistic and religious minorities. The

country has a rich culture; throughout history Indonesia

played a vital role in the global spice trade.

A Dutch colony for several centuries and occupied by

the Japanese army during World War II, Indonesia

declared independence in August 1945 with a

population at the time of just 70 million. Between 1945

and 1998, Indonesia had two rulers: Sukarno (1945-

1965) and Suharto (1966-1998). While Sukarno was

quite politically flamboyant and featured frequently in

the global limelight, Suharto adopted a low profile,

concentrating on growing the economy.

He succeeded. Indonesia is one of what the World Bank

termed the "East Asian miracle economies"; it is also

one of only 13 economies in the world that, according

to the Commission for Growth and Development's 2008

report, sustained an average annual growth rate of

over 7% for a minimum of 25 consecutive years

between 1950-2005. In fact in Indonesia's case it was

33 years: from 1965 to 1998.

Then came the 1997/98 East Asian financial crisis,

resulting in the collapse of both the Indonesian economy

and Suharto's rule, as student protests and social unrest

spread throughout the country. Indonesia went through

a somewhat turbulent political transition, with three

different presidents from 1998 to 2004, and

occasional fears that the country might implode. In

2014, the republic's sixth president, Susilo Bambang

Yudhoyono (aka SBY), democratically elected in 2004

and 2009, will step down following two terms in office.

In the meantime the economy has recovered strongly.

Today Indonesia is the world's 16th largest economy,

having witnessed significant poverty reduction,

urbanisation and the growth of a middle-income

consuming class currently estimated at 45 million. While

still very much a commodity exporter, it is increasingly

present as a global hub of manufacturing, with some

55 million skilled workers. Indonesia is ranked 39th in

IMD's 2013 World Competitiveness Yearbook, up 3

places since the previous year. Although quite far

behind China (21st), it is ahead of other BRIC countries:

India (40th), Russia (42nd) and Brazil (51st).

INDONESIA: WITH ELECTIONS

LOOMING, THE GARUDA

KEEPS SOARING

by IMD Professor Jean-Pierre

Lehmann and Agung Wicaksono

Connectivity is high in Indonesia. It has 212

million mobile phone subscribers and 135 million

internet users. It is fifth worldwide in terms of

numbers of twitter accounts (after the US, Brazil,

Japan and the UK), while Jakarta is the world's

most active city by number of "tweets", followed

by Tokyo, São Paulo, London and New York,

with Bandung coming in sixth.

Indonesia has also been increasingly visible and

active on both the regional and global stages.

As the biggest member state of ASEAN it has

considerable influence on the policies and

practices of this important regional institution,

including in extending its reach to other countries

of the Asia Pacific; for example, in the proposal

to form RCEP (Regional Comprehensive Economic

Partnership), which includes the ten ASEAN

member states along with Australia, China, India,

Japan, South Korea, and New Zealand. It is

active in APEC and hosted its summit in Bali in

October 2013. Bali was also the venue for the

9th WTO ministerial conference, which, contrary

to many expectations, was the first successful

WTO ministerial meeting since the launch of the

Doha Round in 2001. The Indonesian trade

minister, Gita Wirjawan, is considered to have

played a key role. Indonesia is also a member

of the G20.

Still some way to go

Although the garuda has been soaring since the

political and economic crises of late last century,

it has by no means reached cruising altitude yet.

Despite poverty reduction and the emergence of

a new urban middle class, 43% of the

population earns less than $2 a day. This is a

high percentage, even if significantly lower than

India's 69%. With an estimated $4,900 GDP

per capita, Indonesia is 125th, after Brazil (81st)

and China (93rd), though ahead of India

(133rd).

To combat poverty, the Indonesian economy

needs to grow. The BKPM (the Indonesian

Investment Coordinating Board) is making

significant efforts – including through a striking

advertising campaign – to attract inward

foreign direct investments. But according to the

World Bank 2013 Doing Business Index,

Indonesia is a rather poor 120th, among the

BRICS ahead only of India (134th) and behind

Russia (92nd), China (96th) and Brazil (116th).

That low ranking partly reflects the fact that

Indonesia has not yet succeeded in effectively

combatting corruption. According to the 2013

Transparency International Index, Indonesia (114th)

ranks ahead of Russia (127th), but behind other

BRIC countries: Brazil (72nd), China (80th) and India

(94th). Efforts to improve governance, including

through innovations in e-government, need to be

intensified. Indonesia also faces considerable

environmental challenges and urgently needs to

clean up its act. According to the Yale Environmental

Perception Index, it ranks 112th out of 177

countries. Infrastructure is also weak.

But where the garuda has really soared is in

democracy. Indonesia stands proudly as the world's

third biggest democracy. As we know from the Arab

Spring and many other sad examples, the transition

from dictatorship to democracy is rarely smooth, or

indeed conclusive. That a big, diverse and still

relatively poor country such as Indonesia should

have succeeded as far as it has is a testimony to the

Indonesian people.

The ultimate test will be July's presidential election,

with Jokowi being the strongest contender. This likely

shift of leadership from a former military general to

a "man on the street" would mark a socio-political

transformation unprecedented in any Asian

democracy.

Dr. Aries F. Firman lecturer of Operation

Management SBM ITB and Henny Wahyuni,

MBA as one of MBA ITB Alumni shared their

project management insight in Project

Management Workshop: How Companies

Can Get Advantages from the Application

of Project Management held on SBM ITB

Jakarta Campus (18/09/2014).

Dr. Aries F. Firman is senior project advisor

to the Board of Angkasa Pura 2, Indonesia

Airport Corporation for the grand design

and development of Jakarta International

Airport. On the workshop Dr. Aries shared

his experience during his contribution in

Angkasa Pura 2. He says, “If you come to

the airport now you will feel really bad,

because the total capacity of Terminal 1,

Terminal 2, and the small Terminal 3 the

total capacity is twenty-two million

passengers a year but can you imagine this

day the actual figure of Soekarno Hatta

Airport is sixty-two million passengers a

year so no wonder if we have late arrival,

late departure and etc. So the project

running now is expanding the small Terminal

3.”

“Project manager as project leader they

should manage all stakeholders, secure goal

achievement and lead the followers” said

Aries.

Attended by Project Management

practitioner from various industry, the session

continued by Henny Wahyuni to give more

insight about implementation of Project

Management. Henny also shared her final

project research under supervised by Dr.

Aries F. Firman about OPM3

(Organizational Project Management

Maturity Model) Maturity Model is the

following for the organization:

Project Management Workshop: How Companies Can Get

Advantages from the Application of Project Management

10 Knowledge

1. Integration

2. Scope

3. Time

4. Cost

5. Quality

6. Human Resources

7. Communication

8. Risk

9. Procurement

10. Stakeholders

5 Process

1. Initiating

2. Planning

3. Execution

4. Monitoring + Control

5. Closing

•Tool to asses an organization’s current

process management

•Methodology to educate and train people

involve in organizational project and

process management

•Framework a structure for

institutionalizing process improvement in

organizations and increasing project and

process management capabilities.

“The truly project manager is not only

sitting in his back desk or writing something

in power point or excel, it’s only 10% of his

over time 90% of his over time is

communication to know the problem,” said

Henny on her presentation.

“Is Organization Project Management

important for my organization? Yes, to

understand best practices, organizations

continue to grow in scope and goals, to

identify maturity – understand your

organization’s current project management

capabilities, plan improvement activities –

use your completed OPM3 assessment to

help formulate an improvement plan,” said

Henny the alumni of Business Leadership

MBA Program.

Dr. Aries F. Firman was closed the session

by answered Cindy Simon question

participants from Aljes Consulting Services

about how to deal with the people within

your organization “Basically the chief of

project management unit is somebody

really the leader of his group and this

person must speak in different languages

the first is the languages of the

technicalities of project management,

he/she must be a real master of the project

management, he/she must be a good

leader, you can direct your staff, you can

be the counselor, you can be a good

listener, you must be a good motivator and

try to involve and encourage all the people

to be on the right track. In many cases with

this kind of different group they try to be

on their own and do not want to see how

other people trying also to achieve their

objective, so this is the role of project

manager as a project leader to make sure

that cross department, cross discipline, must

have the same understanding on how to

achieve the goal at your unit, not just within

your own group. In this case the role of

project leader is absolutely extremely

crucial,” said Dr. Aries F. Firman to closed

the workshop session.

There are 10 Knowledge

and 5 Process of Project

Management:

“Sustainable Investment is an investment that integrates long-

term Environmental, Social and Governance (ESG) criteria

into investment and ownership decision-making with the

objective of generating superior risk-adjusted financial

returns,” shared RusdianLubis at last Tuesday Luncheon Talk

held by Jakarta Campus (25/3/2014).

Attended by industry practitioners, the 33-year

environmental management expert highlighted three key

points on the importance of sustainable. “Global mega

trends, the growing momentum of legislative initiatives, and

the interest of investors in ESG, “as the Chair for Compliance

Review Panel at Asian Development Bank (ADB) said.

Then, why need to safeguard? “To ensure commitment for

sustainable development, to lower the project risk

management, and to ensure a commitment for transparency

and good governance, “told former Senior Environment

Specialist for World Bank.

“According to World Bank definition that the safeguards

(are set of policies and procedures) to ensure that

environmental and social issues are evaluated in decision

making, help reduce and manage the risks associated with a

project or program, and provide a mechanism for

consultation and disclosure of information,” explained

Rusdian in his presentation.

The 3-hour discussion was enclosed by Eight Performance

Standards to Safeguarding Sustainable Investment:

1. Assessment and Management of Environmental and

Social Risks and Impacts

2. Labor and Working Conditions

3. Resource Efficiency and Pollution Prevention

4. Community Health, Safety, and Security

5. Land Acquisition and Involuntary Resettlement

6. Biodiversity Conservation and Sustainable Management

of Living Natural Resources

7. Indigenous People

8. Cultural Heritage

SD Darmono, Founder and Chief Executive Officer of PT.

Jababeka, Tbk, said that the ultimate goal of his company is to

transform Indonesian society to be a modern industrialized

nation. As he said earlier this morning to Yudo Anggoro, faculty

of SBM ITB (30/1/2014) in Jakarta. Industrialization is the

crucial key for Indonesia to bring value added to the society, as

well as to put Indonesia in a well-respected position in the

current competitive global market.

Established in 1989, PT Jababeka, Tbk spearheaded the

development of industrial estates in Indonesia. “At that time we

were frustrated with the condition of industrial investment in

Indonesia,” Darmono recalled, “Foreign investors were afraid to

invest due to high uncertainty, we did not have any single

industrial complex, sufficient infrastructures, not electricity.”

Darmono perceived this unfavorable condition as an

opportunity. “I said to government, let us build the industrial

complex, and investment will come. The demand was there, and

I was right. We built the first industrial complex, and foreign

investors were flocking to our complex. First was United Tractor,

second was Unilever. Now we have more than 2.000 industries

in our industrial district in Cikarang alone. We create jobs for

people, everybody is happy,” Darmono smiled.

Darmono planned to expand his industrial estates throughout

Indonesia. “Now we have Cikarang Dry Port. We also have

other industrial districts in Cilegon, Kendal, and Morotai.

Industrialization generates values more than what agriculture

society may offer,” as he explained. He argued that one ha of

land can only provide job for one person in agriculture society.

“But the same size of land can create job for one hundred, even

one thousand people in industrialization,” he added.

Darmono also believed that human capital is a critical element

for Indonesia to be competitive. “That is why collaboration with

educational institutions such as SBM ITB is crucial to supply our

best talents to the industries. In the future, we should provide as

many qualified and skilled people as possible to be able to

compete with other industrialized nations,” he said.

When he was asked about government’s plan to create more

industrial estates as stated in the Masterplan for Accelerating

and Expansion of Indonesia Economic Development (MP3EI), he

replied smilingly, “It is a nice dream.”

Rusdian Lubis: Safeguarding Sustainable

Investment

CEO of Jababeka:

We Aim to Create Value for Indonesia

This interview was performed for the purpose of Yudo Anggoro’s dissertation project at the University

of North Carolina, Charlotte, US.

The Aerotropolis Model: Creating

Indonesia’s Competitive Advantage

John D Kasarda presented business Aerotroplis concept in

SBM ITB Jakarta campus (25/6/14). John visiting Indonesia to

support Angkasa Pura 2 in developing Aerotropolis concept

for Indonesia airport. “Now we are focusing on the exploring

the concept of Aerotropolis and we are supported by John

Kasarda. Soekarno Hatta must become the 2nd international

airport in Indonesia following Kualanamu airport which has

direct express rail to the city,” said Salahudin Rafi, Director of

Airport Development and Technology for Angkasa Pura. On

his presentation Salahudin Rafi showed the airport city

development concept for Kualanamu airport which near to the

business park, cargo terminal logistic, leisure entertainment

park, apartment, and hotel.

“An Aerotropolis can be defined as a multimodal freight and

passenger transportation complex which support efficient,

cost-effective, sustainable development in a defined region of

economic, significance centered around a major airport. But, it

is more than a transport complex, it is a strategy to the airport

become more functional for regional economic development.

That is, an Aerotropolis is a constellation of physical,

institutional, and policy interventions which upgrade airport

infrastructure and facilities reduce connecting ground based

transport times and cost and expand air route connectivity to

improve operational efficiencies to the airport and

metropolitan region and leverage aviation enables trade in

goods and services,” said John Kasarda the Leading

developer of the Aerotropolis concept.

“The primary objective of the Aerotropolis is to enhancing

airport business and regional competitiveness to improve

multimodal airport surface transportation access and planned.

Coordinated aviation linked commercial development. Key

value proposition of Aerotropolis is offers businesses located

near or with good transport access to the airport with speedy

connectivity to their supplier, customers, and enterprise

partners, nationality and worldwide. The Aerotropolis contains

the full set of cargo, logistic, and commercial facilities that

support airlines and aviation linked businesses as well as air

travelers. An airport city developed on and immediately

around the airport serves as the multimodal, multifunctional

commercial and logistic core,” explained the director of the

Center for Air Commerce at UNC's Kenan Institute of Private

Enterprise, John Kasarda.

Continued his presentation John said that the Aerotropolis has

three forms, there are:

Functional Form

• Non Spatial (non observable)

Physical Form

• Spatially Observable Development

Connection/Linkages

• Air Routes

• Highways

• Rail Networks

• Links to Ports

“Airports today is much more than aviation infrastructures. They

are multimodal, multifunctional enterprises generating

considerable commercial development within and well beyond

their boundaries. All commercial function of a modern

metropolitan center are locating on and immediately around

major airport sites – transforming them from “city airports” to

“airport cities,” shared John Kasarda the author of books titled,

Aerotropolis: The Way We’ll Live Next.

John, also note the Aerotropolis Critical points for Indonesia:

1. It’s more than about commercially developing the airport

area.

2. Indonesia’s global competitiveness rests with understanding

and implementing the Aerotropolis model.

3. Individual companies no longer compete their supply chains

and enterprise networks compete, physically moving

products and people quickly around the world.

4. Aviation is Indonesia’s high speed physical internet and

airport are its routers.

5. To maximize nation-wide competitiveness and development

impact, create an Indonesia Global - Link System through

CGK providing speed, agility, connectivity for all major

islands to the global marketplace. Then develop multiple

hubs in the decades ahead.

“The Aerotropolis is a process, not a project. Built on a strategic

roadmap, business logic and stakeholder alignment. Requires

leadership, organization, funding and a strong ongoing public-

private sector commitment. Facilitates economic transformation

leading to greater regional competitiveness and prosperity,”

said John to emphasize audience about Aerotropolis concept.

On the last part of presentation John shared the concluding

points to competing and winning in the 21st century, there are:

1. Economic transformation requires an economic engine.

2. Airports had become primary 21st century economic

engines.

3. The Aerotropolis strategy maximizes the power of these

engines.

4. This strategy may provide the most opportune pathway to

Indonesia’s business competitiveness and regional economic

development in the decades ahead.

5. It won’t be easy and other Asian competitors are

implementing the strategy with great commitment and

resources.

Left – Right: Salahudin Rafi, John Kasarda, Yos Sunitiyoso,

Aries F Firman

Prof. Kirpal Singh presented his view about creativity and innovation on corporate culture at SBM ITB Jakarta

Campus (24/11/14). Kirpal Singh is internationally renowned as a creativity guru & futurist, and a Founding

Member of the CSTC and is currently Director of the Wee Kim Wee Center at the Singapore Management

University, where he also teaches creativity. “Creativity is a bring into being something that probably didn’t exist

before, the creativity itself is the capacity to bring about something that didn’t exist prior to once thinking about it,

and then innovation is turning the creative idea into a practical” shared Kirpal the Director of the Singapore

International Film Festival.

Moderate by Dr. Suryani Motik this event also attended by practitioner and academician. “To be creative people

need to be happy relaxed and people need to be free. Creative, innovative corporate organizations that’s not

really about timing it’s about the spirit, the creative person always says I can do better than that,” said Kirpal Singh

the expert of creative thinking.

“Creativity or innovation is something that company or organization has to have in order to survive, in order to be

creative you have to be dare to make any mistake and creativity is nothing about implementation you have

implement the creativity. Creativity can be a system, can be a product. Basically innovation is for a better life,”

highlight Dr. Suryani Motik to close the event.

A Creativity Talk:

Encouraging an Innovative Corporate Culture

17

Global CEO Program 2014:

A Transformational Journey

HCLI Singapore in collaboration with SBM ITB

supported IESE Business School to hold The Global

CEO Program Asia Week in Singapore & Indonesia

21 – 26 September 2014.

Around 30 participants who currently hold a position

as CEO, joined the program. Began in Singapore,

CEOs started their 1st session with Manu Bhaskaran,

Founding Director and CEO, Centennial Asia Advisors

about doing business in Asia. The Singapore agenda

was closed by a company visit to DBS Bank to see

more detail how they run their business in Asia.

Transported to Indonesia, the class was held at SBM

ITB Jakarta Campus 24 – 26 September 2014. In

Indonesia, the participants met various speakers such

as Chatib Basri the Minister of Finance, Ignatius Jonan

CEO of PT. KAI, Budi Gunadi Sadikin CEO of PT. Bank

Mandiri, Hasnul Suhaimi CEO of PT. XL Axiata and

others prominent speakers. Moreover, CEO

participants also visited PT. Astra International Tbk

and PT. Pelindo II (Indonesia Port Corporation).

Dr. Yos Sunitiyoso welcoming

participants Global CEO

Program on SBM ITB Jakarta

Campus (24/09/2014)

Chatib Basri Minister of

Finance on “Indonesia Post

2014” (24/09/2014)

Budi Gunadi Sadikin

on “The Evolving

Indonesian Consumer:

An Inside out View”

(24/09/2014)

Hasnul Suhaimi on

“The Evolving

Indonesian

Consumer: An Inside

out View”

(24/09/2014)

Erry Riyana Hardjapamekas (left)

and Philia Wibowo (Right) on

“Transformation in Indonesia:

Corruption Eradication and

Bureaucracy Reform”

(24/09/2014)

Ignatius Jonan CEO of PT. KAI on “Key

Sectors Drive Indonesia Growth: Natural

Resources and Infrastructure”

(25/09/2014)Stefan S. Handoyo on “ASEAN Integration:

The Role of Indonesia” (24/09/2014)

Noni Purnomo (left) of PT. Blue Bird Indonesia,

Irwan Kamdani of PT. Data Script Solution

(Center), Bani M Mulia of PT. Samudera

Indonesia (Right) on “Next Generation

Indonesian Entrepreneurs” (25/09/2014)

Richard Jose Lino

CEO of PT. Pelindo II

(Indonesia Port

Corporation)

company visit session

PT. Pelindo II

(25/09/2014)

Company visit to PT. Pelindo II (Indonesia Port

Corporation) (25/09/2014)

Prijono Sugiarto CEO of

Astra International,

Company visit session to

Astra International

(26/09/2014)

Company visit to PT.

Astra International

(26/09/2014)

Prof. Luis Huete of IESE Business

School (26/09/2014)

This year, five institutions joining SEED were SBM ITB, St. Gallen University, Widyatama University, ESQ Business School,

DarulAmal Islamic School, and Ministry of Tourism and Creative Economy of the Republic Indonesia. This annual event invites

students to perform a business plan fora sustainable economic development in one particular village. After one week living at

Pangalengan Village in Bandung, all participants of Social Enterprise for Economic Development (SEED) presented their final

business plansat Jakarta Campus (7/4/14). The SEED participants had three focussed issues:

1. Village Familiarization and Data Gathering:The participants went to different assigned kampongs in the village to do

social mapping and to identify local business opportunities. Students experienced the village life among the community

and discuss potential opportunities for business development.

2. Focus Group Discussion with Villagers and Business Plan Development:Students worked closely with the villagers to

identify villagers’ expectation and willingness to improve their situation and to discuss how enterprise and/or community

development could have been done based on the potential and the capabilities of villagers. Students drafted their

business plans and discussed all activities in detail with the villagers in order to get the necessary feedback and to help

shifting their mindsets towards change and self improvement.

3. Presentation to Villagers.

At the last round, groups of participants presented their final business plans in front of SEED promoters: Prof. Li Choy Chong

and Dr.AgungWicaksono. Each group had different programs:

Group 1:Composting Cow Manure

Group 2: Product Development Forum to develop the existing products

Group 3: Economic Empowerment with Labu Siam and Water Pump project

Group 4: Intercultural Entrepreneurship for Village Economic Development

Group 5: New Public Transportation

Group 6: Children Community

“It was a great experience in SEED program. I gained a lot of cross cultural experiences from interacting with the villagers to

discussing issues with my Switzerland and German group members,” said Mauludi Muhammad, a student of MBA ITB program.

“I had two programs. The first one was shuttle service program from the village to the city. And the second one, we

developed chicken farm communities. Awesome, it was a great experience for me,” shared other SEED fellows from St. Gallen

University, Friedrich Baron, after presenting.

“The concept of SEED program enables students to practice their understanding on the theoretical concept on what they have

learned in the class. It is a great learning experience because it improves students’ capability in transforming leadership

team, in a cross cultural team, and enables students to work with people with other social economic backgrounds. It is very

important if we want to be able to convince someone else about what things should be and how things could be better,” said

Prof. Li Choy Chong as the Founding Director, Asia Research Centre, University of St. Gallen, Switzerland.

Social Enterprise for Economic Development:

On a Journey toward Sustainable Development

Dr. Ir. Aries F Firman awarded as

a best presenter in international

seminar “Innovations in

Accelerating Infrastructure

Competitiveness and

Sustainability”. The event was

organized by Ministry of Public

Works (Bali, 11/11/2014).

SBM ITB Awarded as Indonesia Best

School of Management 2014 Category

State University A Accreditation

Researched by Mix Marketing (Jakarta,

18/12/14)

Astrie Krisnawati student of

Doctoral of Science in Management

(DSM) received The Best Paper

Award in Gadjah Mada

International Conference on

Economics & Business (GAMAICEB

2014) (Yogyakarta, 5/12/14)

SBM ITB Students Represent Indonesia in

APEC Voices of The Future Program in Beijing,

Tiongkok (5-11 Nov 2014)

SBM ITB Students represent

Indonesia on World

Entrepreneurship Forum (WEFO)

2014 (France, 20 - 22 October

2014)

MBA ITB Students won the 1st Position in the 5th

PPM regional Business Case Competition

(Jakarta, 5/11/2014)

SBM ITB Certified ISO 9001:2008 by

Sucofindo (Bandung, 19/02/14)

SBM ITB Students win the 1st

Position in Unilever Future Leaders

League (Singapore, 15/03/2014)

Achievements

The Graduates April 2014

Achiro Yulian Opereta, Achmad Eko Wahyono, Aji Kusuma, Aloysius Roy Tantono, Andhyka

Gautama Setyawan, Andreas Nataniel, Anung Moko Prabowo, Ardra Teja Bhaswara, Arinta

Tampubolon, Arman Adhi Kusuma, Asa Sondang Tasrif Partogi Tobing, Badey Gilang Kencana

Yuda, Bogi Yudianto, Chandra Andhika Putra, Defri, Dian Rahmaini, Ela Daphira Urta, Erlis Tri

Anggraeni, Fauzan Muhamad, Herwindo Arinto N, Hilda Kitti, Indra Ardianti, Jacob Wilbert,

Jefry Deson, Juristiawan Fitriansyah, Ketut Oka Dharma Artha, Maria Benedicta, Milla Suciyani,

Mohammad Heriyas Nafward, Muhammad Danil Daud, Nia Nitikusumah, Puguh Laksana Putra,

Pungky Hermawan, Rahajeng Pratiwi, Randy Yudhaputera, Shah Reza Dwiputra, Surjadi

Tanuwidjaja, Teguh Subarkah, Wahyudi Hidayat, Winna Evelina, Yala Prakasa Soegiharto,

Yogie Setiafriawan

The Graduates July 2014

Andhika Prayasa Junaidi, Anna Tasia, Barian Achni Nasution, Bayu Dharmawan, Della Achmad

Fawaz, Djefry Tjandra Kusuma, Ilyasa Haqqani, Jesmin Manalu, Jonathan Tunggalmuljo, Mega

Tri Agustina, Mohammad Derry Rulyadi, Muhammad Wira Kusuma, Mutiara Amaniy, Nurana

Indah Paramita, Richard Tino Andrean Silaen, Rimsa Rusmiland, Taufik Arrasyid Prayitno

The Graduates October 2014

Aditya Pratama, Agus Wiyono, Ahmad Andi Rifai, Ahmad Fadri Malik, Ahmad Sutanto, Amos

Suluh Yudha, Pradana , Andenko Utama, Andi Aditya Rangga Putra, Andri Yoshana, Anindita

Dyah Pawestri, Aulia Ihsan, Ayu Ageng Annisaa, Aztried Wulandary, Bayu Prasetia, Champio,

Danis Maulana, Deby Septianing Ayu, Dila Fiona Wiharto, Dominiq Purba, Donny Meirantika,

Dwidania Sabarina Putri, Eliot Oktabias Bogaardt, Elisabeth Maria Siburian, Enriko Panindoan

Tua Siregar, Erfin Editya Hamidjaja, Eva Paramitha Widyanto, Febrian Dama Asmara, Hoger

Suresh Relwani, Indriana Qoriaini Martadinata, Kandria Kananta, Kania Fitriani, Malikul

Rachman, Mega Febriana, Miranti Sondang Merdyka, Mohamad Arief Budiman, Mohammad

Rizqi Rasyid, Muhammad Firnanda, Muhammad Nur, Nirmalasari, Nugradzia Nursamsy,

Nugroho Setyo Utomo, Riski Pratama, Roni Hartawan Ariyanto, Roy Arief Rachmanto, RR Febie

Cahyaningtyas, Santhya Ramadhani Putri, Satrio Utomo, Sony Asti Sonta, Suryo Birowo, Totok

Purwanto, Ulva Datischa, Vera Florida, Wendy Martedi, Widia, Widjayanto, Yenni, Yohan

Gunawan, Zahratul Wafiah, Zaldy Suhatman

“Take a Big Step to Be Entrepreneurial

Leaders”

Vice Dean Prof Togar M Simatupang

MBA ITB Jakarta Graduates April 2014

The Graduates

Milton Berle, an American comedian, once said “If evolution really works,how come mothers only have two hands?” Before becoming a mother, Ilaughed at that sentence. But now, as a mother, I think evolution shouldconsider giving mothers the ability to self-replicate. To me personally,being a mother is not an easy thing. To make the matter even morecomplicated, I’m also a working mother, with 2 little children who are intheir most active stage to explore the world. But I tend to believe that allmothers would say that it’s all worth the effort, and they wouldn’t want toreplace it for anything else.

The challenges for nowadays mothers are how to manage time and tobalance role as wife, mother, and working woman. Indra K. Nooyi, PepsiCoCEO, doesn't think that women can have them all. In an interview with TheAtlantic, Indra said “My husband and I have been married for 34 years. Andwe have two daughters. And every day you have to make a decision aboutwhether you are going to be a wife or a mother, in fact many times duringthe day you have to make those decisions. And you have to co-opt a lot ofpeople to help you. We co-opted our families to help us. We plan our livesmeticulously so we can be decent parents. But if you ask our daughters, I'mnot sure they will say that I've been a good mom. I'm not sure. And I try allkinds of coping mechanisms.”

As a wife, a mother, and a working woman, I realize as well that I can’thave it all. I have to prioritize the most important things for me which Idon’t want to sacrifice. Woman could climb up the career ladder andbecome a top notch executive of the company, or put all the effortfocused to her family. It is (almost) impossible to get the best of bothworlds.

I’m blessed to have an understanding husband who supports me ineverything I do with one condition that family should always come first. Ienjoy my role as a wife and a mother, and with the mercy of GOD I stillhave a career life that I can be proud of (even though I’m not and maybewould not become a top notch executive of the company). Sometimes Ifeel like I’m juggling too many things and a few times an “object” fallaccidentally. But I’m learning all the way to juggle things better anyway.

So ladies, whatever your choice is, you should be happy. Be happy withyour decisions and be happy with your life. Embrace your life and live it tothe fullest. Happy mother’s day to all mothers!

By Relita Veronika, MBAEnterprise Risk Manager

PT. Sanggar Sarana Baja

Alumni BLEMBA 10

SBM ITB Anniversary

HAPPY 11th ANNIVERSARY

SBM ITB