Thursday, 4 July 2013

THE MAKING OF HARDBOILED ENTREPRENEURS



Toward execution of the ASEAN Economic Community 2015 many circles were expecting the businessworld to grow and contribute the nation’s development.

Business players were creating employment opportunities whereby to meet people’s expectation. By the time Indonesia was tormented by two big crisis in 1997/1998 and 2008/2009, business people work hand in and struggle shoulder to shoulder with the Government to overcome crisis the result was visible today where Indonesia’s economy had been able to grow by 6% on the average per year.

Many executives of other countries tried to learn from Indonesia on how to maintain a stable and sustainable economic growth. As known, Indonesia’s economic growth in 2012 was the highest next to China in the G 20 group. To maintain positive economic growth, some pre conditions must be met which was not easy, i.e. stable and social political climate, guaranteed security and political certainty and stringent law enforcement. And favorable employment climate.

 One notable thing was that Indonesia had great demographic dividend and productive workforce. The middle class was growing with strong purchasing power and they had interest which needed to be accommodated. They should be guide and directed to become hard and resistant entrepreneurs not, experimental traders.

About high quality human resources, with good education, skill and competence must obviously be well prepared. Word was out that KADIN was expecting there was integrated understanding of national problem in highly competitive human resources. This was necessary to anticipate global and regional economic development and the impact on domestic affairs.

According to KADIN Indonesia, the name of the game in global and regional economic development was integration. Meaning integrated policy and sound coordination was needed in cracking problems especially in increasing quality of Human Resources in term of education, health and working opportunities. Integration was indispensable that Indonesia could be ready in facing regional challenges especially MEA 2015.

So far Indonesia was regarded as not ready because of still being unable to integrate domestic economic factors. Somehow the quality of Human Resources must still be reformed in facing future challenges.

Not less urgent was to synchronize regulations of the central and provincial Governments whereby to take action. If the Governments were integrated, it would be easy for the businessworld to cooperate. In the end the Government was expected to synergize with the businessworld in the process of link and match in education and the need for workers in the labor market.

Manpower affairs had 3 aspects: employment opportunity, quality of workers and industrial relationship. In case of working opportunity KADIN was still disheartened by high unemployment figure. Although by percentage unemployment figure was lessened, but the absolute figure was still high, around 6.5 million people, of which more than half were young jobless people.

The high unemployment figure was not in account of limited employment opportunity but rather due to mismatch between qualification of job seekers and demand for workers in the industry; which was shown by growing number of educated job seekers.

Ironically Indonesia was always running short of professional workers who matched the need of the industry. This was because there was not enough link and match between the educational sector and the labor market. Now Indonesia was still running short of workers who were competent in their respective fields because graduate of normal schools were less qualified and had not met the quality standard of the industry.

 To illustrate: in the textile and garment industry of around 1.3 million workers, only 57%were competent the remaining 43% still needed extra training. Under such circumstances Indonesia was now stormed by foreign workers in the textile industry, especially at the managerial level, while local workers were only posted as operators. The result was mounting acts of hijacking of competent workers among companies.

The shortage of professional workers was mainly because there was no standardization of competence and inadequate curriculum taught on schools. For that matter it was necessary to have link and match between the educational world and business world.

The Government and all stakeholders were expected to enhance the Public Private Partnership [PPP] toward better quality in the educational sector. To exercise the link an match principle between the educational world and business world, the standard of competence set up by the organization must be included in the school curriculum whereby to make professional and competent workers.

Today there were around 240 standard competence packages which were not benefited by school. The result was that workers being trained were just at operational level, not technicians or managers. The Government must take the initiative to, and participate in, scheming up competence-based education as well as financing them.

Infra structure problem was also highlighted by national businesspeople. They believed that national economic growth was expected to exceed 7 percent of target each year, if infra structure condition was adequate. Indonesia must play catch up with believed to be attainable for example by executing the Indonesia Economic Development and Expansion Masterplan [MP3EI].

The essential thing in the development of basic was upgrading of the national logistics system to be more competitive. The National Single Window system was put in effect; tax and customs service in harbors is upgraded. A one-stop service must be developed in strategic locations.

Macro wise, Indonesia’s performance was rated as satisfactory, but effort in the financial sector and banking was rated as neglecting good infra-structure building was to obtain special financing. Many national businesspeople expressed their grievance that because the fund which was supposed to be allocated for infra-structure building were used for other purposes like oil fuel subsidy which amounted to nearly Rp350 trillion.

It seemed reasonable that banks urged the Government to build specific banks specializing in infra-structure financing needed by the industry considering that infra structure projects were normally run on long term basis like 10 years or more. The reason was that if banks only served short term loan at high interest rate it would be difficult for debitors to build long term infra structure.

So most of the entrepreneurs believed there should be special banks serving infra-structure who were in a position to offer more affordable bank interest as pioneers of low interest banks. In this case the Indonesian Chamber of Commerce [KADIN] had prepared some strategic schemes to spur on infrastructure building in Indonesia. Moreover the Government already stated that the APBN budget was not strong enough to finance infra structure building, so the solution was by involving foreign investors.

 Lastly, the Government, through the related institutions: financing regulators especially BI, national banks, universities and all stakeholders should constantly strive to promoter small business.

Development of small business the focused and systematic way was necessary whereby they could grow into resolute national entrepreneurs in the long struggle of today and of the next generation. Even if the Government had to provide fund in certain amount for the development of UKM, such would be a productive investment to produce tangible result for a high and sustainable economic growth. (SS)

               
Business News - May 8, 2013                 

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