Where Are We Heading? Will The Economy Recover In 2016?

            This is a good business for Indonesia. Indonesia’s economy growth is becoming increasingly related to internet connectivity and the stregthening of Indonesia internet business. How does this kind of business works? I use a logic sense for this case. Except investors who invest in the start-ups-company,  the-start-up-company has to find money as their capital. They obtain small credits from state-owned bank like Mandiri, BNI 46, BRI which they pay back using mobile banking. The bank is reaching out to people beyond big cities and teaches them how to use online payment applications.

            So, i hope in 2016, digital start-up can raise our economic growth!

 

4. WHO will be the Mandiri-1?

            As we know that Mandiri is a state-owned bank which play a vital role in Indonesia. And for your information that Budi Gunadi Sadikin as the CEO of Bank Mandiri will end his position in march 2016. Who will replace him?

            Of course it will be contrary to tradition and the best leadership practice at Bank Mandiri, in which educational programs and succession make bank mandiri easily find the next leader from the organization. Because if they get the next leader from outside Mandiri, it will be a kind of slap to Bank Mandiri because they have candidate from inside (because they prepare the next leader from the program Officer Development Program).

            But before Budi Gunawan Sadikin  lead Mandiri, let me remind you something. Agus Martowardojo ex CEO Bank Mandiri (he’s now as Governor of Bank Indonesia) was not from inside Bank Mandiri (did educational program in ODP – Officer Development Program Bank Mandiri. As I know, Agus was raised by Bank Niaga, and did educational program in there. Agus replaced Neloe as CEO of Bank Mandiri. Neloe fail to make Bank Mandiri grow and makes Mandiri as the biggest bank in Indonesia. When Neloe was there, the NPL (non performing loan) rocketed to 25% (if I’m not wrong). Agus Martowardojo who replaced Neloe, was successful in restructuring Bank Mandiri.

            So, who’s the next Mandiri – 1, who deserves to replace Budi Gunadi Sadikin to become CEO Bank Mandiri. For me, leader should prepare a successor. Leader should develop people around him/her. Leader has a vision for his/her people. It’s a must. If people who get on top and don’t want to prepare a successor, he/she is a boss, not leader! People who don’t prepare his/her people to get a better position, don’t have a vision,  kind of people like that definitely not a leader! That kind of people just feel to be needed, feel superior than other and selfish. So I mean Bank Mandiri needs a leader, not a boss! Look what happen to Agus Marto. CEO Mandiri before him (i forget his name, Johan if i'm not wrong) , prepare Agus to fill his position next. He prepare his successor. He and Agus were from the same corps before (Bank Niaga). When Johan fill the position as CEO Bank Mandiri, he prepared Agus Marto as his successor when Neloe ended his position as Mandiri-1. By the way, Bank Mandiri is too big to have a leader of a mediocre banker. I’m sorry but it’s true. I think Sofyan Basyir (ex-CEO BRI and now as CEO PLN) and Jahja Setiaatmaja (CEO BCA) deserve to fill this position. Why? Because Sofyan Basyir had succeed making transformation in BRI and Jahja had succeed making BCA grow bigger and always one step ahead. By the way, I admire Jahja Setiaatmaja. He’s genius! But I think it’s better if Mandiri prepare the next CEO from the inside who knows Mandiri very well and the tradition in Mandiri. And don’t forget, people in there is smart.

            There’s so many things that we face in 2016. Hope that all is well.