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 signed due to collaboration both institutions to create Executive MBA in Strategic Marketing starting next year. This MoU signed in the opening session of Kellog Innovation Network: ASEAN Forum 2014.

“In collaboration between my company MarkPlus that I founded 24 years ago and now we agree to collaborate MarkPlus Institute the Education Division of MarkPlus with School of Business and Management Institut Teknologi Bandung best of business school in Indonesia to create Executive MBA in Strategic Marketing starting next year,” said Dr. Hermawan Kartajaya the founder of MarkPlus, Inc. The dean of SBM ITB said that this is very honor for SBM ITB that we can collaborate with MarkPlus Institute. “Today’s we signed cooperation between School of Business and Management Institut Teknologi Bandung and MarkPlus Institute to develop and establish the Executive MBA in Strategic Marketing for the next year, as we know that Pak Hermawan Kartajaya is guru of Marketing and SBM ITB is honored that we could collaborate with MarkPlus Institute,” said the Dean of SBM ITB Prof. Sudarso Kaderi Wiryono in front of participants of Kellog Innovation Network: ASEAN 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 Jakarta Campus (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.

Indonesian National Accreditation Agency for Higher Education (BAN PT) visited MBA Jakarta on 8-9 April 2015. The two-day visit was represented by Dr. John Suprihanto (UGM) and Dr. Indi Djastuti (UNDIP). “It is our pleasure to welcome the assessors to also provide suggestions and recommendations for the program’s improvement,” said Dean Prof. Sudarso Kaderi Wiryono in his welcoming note (8/4/2015).

The Director of MBA Jakarta, Dr. Yos Sunitiyoso, was in his role to present and explicate the data and supporting documents prepared the team. Other than Dean, the assessor also had a discussion with faculty members and alumni. Meanwhile, students and staff were interviewed at the end of the sessions.

“I thank the school for the warm welcome and cooperation due to the visit. We wish the MBA Jakarta program keeps growing and embraces improvements, “said Dr. John Suprihanto to close the visit (9/4/2015). “We hand the program to be taken care of, “add the UGM assessor.

Beside the Accreditation Team and staff, the site visit was also attended by Vice Dean for Academic Matters – Prof. Togar Simatupang, Academic Senate of ITB – Prof. Utomo Sarjono Putro, Head of MSM & DSM – Dr. Bambang Rudito, Head of MBA Bandung – Dr. Reza A. Nasution, Head of Bachelor in Entrepreneurship – Dr. Wawan Dhewanto, and Director of QA & Accreditation – Dr. Achmad Ghazali.

The 1st Entree Exhibition was held at SBM ITB Jakarta Campus. This exhibition aims to demonstrate business concept/product of small ventures established since the beginning of MBA Entrepreneurship (ENTREE) program journey. Furthermore, this event is also designed as a medium for these companies/ventures to have real business feedback from colleagues, alumni, lecturers and community. “I hope this event will be useful for you to develop your business. You can learn from your senior on how they develop their business and you can also join the presentation and see what kind of strategy that they do,” said Director of Jakarta Campus, Dr. Yos Sunitiyoso in his opening speech (15/04/2015).

“This event is represented for 3 courses: Business Initiation for ENTREE 8, New Venture Management for ENTREE 7 and Business Growth Management course for ENTREE 6. Not only the products exhibition and business posters, some of you also have the presentation your business in front of lecturers,” said the lecturer of New Venture Management, Andra Riandita, M.Sc.

“The exhibition is very good for start-up business in which entrepreneur students can gain some brand awareness. I wish for the next exhibition, there will be more visitors such as other MBA students and investors joining this exhibition,” said the owner of Kang Cukur Barbershop, Rizkian Adwi who is also a student of ENTREE 6.

Nearly 40 business start-ups from MBA ENTREE joined this event. Various industries were presented such as fashion, F & B, service, agribusiness, music, event organizer and business consultancy. “I feel that this exhibition is very beneficial for networking. During this event, I have the opportunity to present my Neskrimo Nitrogen Ice Cream products to the visitors and some of them are interested for future collaboration,” said Fadil Wirawan, student of ENTREE 6 and the owner of Neskrimo Nitrogen Ice Cream where you can find the outlet at Kota Kasablanka Mall, South Jakarta.

Click here for more photo’s of Entree Exhibition 2015.

Industries in Indonesia need to focus more on exporting their products and services in order to stay competitive in the region. That was one of the conclusions of the Luncheon Talk on Indonesia’s Industry Analysis, Competitiveness, and Economic Outlook held by Jakarta campus (30/9/2015). Moreover, to attain competitiveness, some critical factors such as sufficient infrastructure, qualified human capital, and appropriate policies from the government needed to be improved.

Lecturer, Yudo Anggoro, PhD, delivered his talk on Industry Analysis and Competitiveness in Indonesia. Using the Industry Cluster model to measure competitiveness in Logistics and Automotive clusters, Yudo concluded that those two clusters were not competitive yet. In order to attain competitiveness, some critical factors needed to be improved such as sufficient infrastructure, qualified human capital, and appropriate policies from the government.

To continue the session, Syaiful Adrian as the Senior Equity Analysis from Ciptadana Securities presented his analysis on the recent economic situation in Indonesia. Syaiful stated that Indonesia as a nation was still dependent on the cycle of commodities in exporting its products. Syaiful added that Indonesia had not adequately stepped up the ladder to become producer of manufacturing goods and services that was competitive on a regional and global scale. Syaiful also warned us about Indonesia’s debt. He said that our current high external debt to GDP indicated that the economy was more fragile to the sudden shock of capital outflow.

Attended by the industrial partners, this luncheon talk was aimed to bring some insights to the audiences regarding the recent situation of our industries as well as the economy in bigger perspective.

University of Indonesia held the 1st International Conference on Business Administration and Policy (ICBAP) on 6-7 October 2015. The Analysis of Major Risk Affecting Schedule Performance on Downstream Project in Oil & Gas (Case Study in Marketing Directorate of Pertamina) paper presented by student Novriantari and lecturer Dr Aries F. Firman came out as the Best Paper. “Thank you for the guidance and the inspiring environment, “said our Executive MBA student, Novriantari to SBM ITB, at Jakarta campus (13/10/2015).

With participants from both local and overseas universities, the conference focused on theme Leveraging Competitiveness through Innovation and Value Creation where the topic of discussions included entrepreneurship, risk management and insurance, innovation, banking and finance, human resources, knowledge management, Small and Medium Enterprises (SMEs), tourism and hospitality, strategic management, ethics, governance, organizational change and development, and organizational behavior. Several countries such as Indonesia, Taiwan, Korea, and Pakistan were participated to present their paper in this conference.

Furthermore, the 1st International Conference presented a keynote speech from Swisscontact Indonesia and Manfred Borer, in which handled a wide range of community development programs based on innovation and value creation in several regions in Indonesia.

In addition, these activities also involved academic reviewers who played a role in selecting the proper paper to be presented in this conference. The reviewers came from various universities such as the University of Gadjah Mada, Prasetiya Mulya Business School, University of March, University of Udayana, Curtin University of Technology (Australia), Universiti Sains Islam Malaysia (Malaysia), Singapore Management University (Singapore), and many more.

Two Indonesian best institutions launched collaboration. SBM ITB as best business school in Indonesia and MarkPlus as best marketing strategist jointly launched Executive MBA in Strategic Marketing with the first intake in August 2016. At the same time, the ASEAN MBA – a masterpiece of SBM ITB and USM – is also promoted in the exhibition of the 1st ASEAN Marketing Summit. The marketing summit presented none other than the Marketing Guru whose books became a bible for business school students, Prof. Philip Kotler.

Lecturer Dr. Agung Wicaksono visited University of Queensland (UQ) in Brisbane, Australia by invitation to deliver a lecture (13/10/2015). The assistant professor who is currently seconded to help the Ministry of Energy and Mineral Resources delivered a lecture on “Energy Reform in Indonesia: One Year after New Government” organized by the Faculty of Business, Economics and Law (BEL) at UQ.

As Jakarta Campus’ Steering and Academic Committee, his visit also served to foster collaboration between SBM ITB and BEL Faculty of UQ in the area of potential double degree program for the Entrepreneurship MBA, and student exchange such as through the SEED (Social Enterprise for Economic Development) program.

Morever on his visit, Agung also shared and discussed with the UQ Indonesian Student Association (UQISA) on “Why and Until When Indonesia Would Experience Electricity Blackouts?”. Based on his experience co-chairing the Program Management Office (PMO) for 35000 MW Electricity Program, the discussion with the Indonesian diaspora in Queensland-Australia was lively and full with enthusiasm.

Read also:
Energy Reform in Indonesia: One Year After New Government

SBM ITB Jakarta Campus, collaborating with Human Capital Leadership Institute in Singapore, held ASEAN Immersion Leaders Programme 2015 on 25-27 in Singapore and 28-30 October 2015 in Jakarta. This program aimed to bring top business leaders in Asia Pacific to share their insights on ASEAN’s macro-economic and geopolitical developments, and their implications for business. This leadership program also invited many prominent speakers from government and corporation sectors.

On the first day of the Indonesian leg of the program, highlight was given to Prof. KuntoroMangkusubroto’s presentation about Indonesian possibilities. Prof. Kuntoro underlined the potentials of Indonesia, and he believed that despite of facing many challenges, Indonesia has the ingredients of becoming a great country. The next session of the day was discussing the evolving of Indonesian consumer, presented by Budi Gunadi Sadikin (CEO of Mandiri) and Hasnul Suhaimi (Former CEO of Indosat and XL Axiata).To conclude the first day, participants also had the chance to visit ASTRA as one of the leading corporations in Indonesia, and they learned how ASTRA can sustain in their almost-six-decade of operation in Indonesia.

Many high profile speakers were coming on the second day of the Indonesian leg. Prof. Syarief Widjaja, the Secretary General of the Ministry of Marine Affairs and Fisheries,stressed out the large potentials of maritime and fishery industries in Indonesia. Later on, Koert Vonkeman (CEO of Shell Indonesia), Albert Simanjuntak (CEO of Chevron Indonesia), and Amien Sunaryadi (Head of SKK Migas) shared their perspective in developing sustainable public-private partnership in energy projects. After that on the next session, as infrastructure has been the main challenge of Indonesia’s economic development, Dono Boestami (CEO of MRT Jakarta), Bambang Eka Cahyana (CEO of Pelindo 1), and Nur Pamuji (Head of 35GW electricity project)shed the light about building infrastructure and sustainable growth.

Family business has been instrumental in shaping the landscape of business in Indonesia. This is why having Shinta Kamdani (CEO of Sintesa Group), Wishnu Wardhana (CEO of Indika Energy) and Adrianto Djokosoetono (Director of Blue Bird) on the stage was important to share their inspiration in developing successful family business. As the final session on the second day, Ahmad Yuniarto (Former Chairman of Schlumberger Indonesia) and Indra Prastomiyono (Group Director at MNC) passionately pointed out the need of developing human capital to develop more leaders from Indonesia in global environment.

The last day of the event was started by having Dwi Soetjipto (CEO of Pertamina), Rizkan Chandra (Director of Semen Indonesia), and Arif Bintoro (Director of Sritex) shared their experience in putting local companies in global stage. The final session of the event explored the new economy as Jason Lamuda (CEO of Berrybenka) and David Batubara (CEO of RPX Logistics)explained the challenges and opportunities of running business in the internet era. All participants in this program concluded that in order to utilize the potentials, Indonesia need to put extra effort to tackle some challenges such as the lack of infrastructure, corruption, and some issues on human capital.

Congratulations to Team Ganeviste MBA ITB:
1. Andika Fadhil (Young Professional Program – Batch 52A)
2. Nugraha Wanda Sanjaya (Young Professional Program – Batch 52B)
3. Brian Lee (Young Professional Program – Batch 52A)
Who has got the 3rd place winner in The 6th Regional Business Case Competition PPM Management, held in Jakarta, 19 November 2015.
The competed business case titled “Developing Integrated Cargo Transportation and Logistics Strategy: The Case of Samudera Indonesia Group”.

The event was attended by 66 participants from the Philippines, Thailand, Malaysia, China, and business school in Indonesia such as: UGM, IPB, Prasetiya Mulya, ITB, BINUS Business School and PPM Management.

Supervised by Harimukti Wandebori, Ganaviste team placed as the first champion in the preliminary step, which is the quality checking of documents. But unfortunately in the Top 12 Final, that position overtaken by the University of the Philippines Baguio, and PPM Management.

The list of winners in The 6th Regional Business Case Competition PPM Management:
1. University of the Philippines Baguio
2. PPM Management
3. Institute of Technology Bandung
4. Management of PPM

Once again congratulations to Ganeviste from MBA ITB.

Written by: Harimukti Wandebori

MBA ITB once again recorded achievement in national level competition. UNAIR National Business Case Competition 2015 took the topic “proposed business strategy formulation and implementation for PT. Pegadaian especially in strengthening the company’s diversification strategy and in anticipation of falling commodity prices and increasing competition”

In the file selection Bonggol MBA ITB was ranked 6 still under Prasetiya Mulya, PPM, and UGM. But after racing for 1 week to catch up while in the middle of busy final exam week in their MBA program, finally Bonggol team became the 1st runner-up outperformed teams from UI, UGM, IPB, PPM, and UNAIR.

Here is a ranking of the competition:
1. Prasetiya Mulya
2. Institut Teknologi Bandung
3. Management PPM

Once again congratulations to Bonggol, YP 51A, and an MBA ITB on this achievement.

Written by: Harimukti Wandebori

Inaugurated by Rector Prof Kadarsah Suryadi last Wednesday (27/1/2016), congratulation to our new Head of Program for SBM ITB. Bachelor of Management program previously headed by Pri Hermawan is now replaced by Ira Fachira as Pri serves as Head of MBA program in Bandung. Meanwhile, Master of Business Administration for Jakarta campus is led by Yos Sunitiyoso. Same as before, Master and Doctor of Science in Management programs and Bachelor of Entrepreneurship program are still piloted by Bambang Rudito and Wawan Dhewanto.

1. Ira Fachira, PhD. Head of Bachelor of Management Program

2. Wawan Dhewanto, PhD. Head of Bachelor of Entrepreneurship

3. Dr. Eng. Pri Hermawan. Head of Master of Business Administration Bandung Program4.

4. Yos sunitiyoso, PhD. Head of Master of Business Administration Jakarta Program

5. Dr. Bambang Rudito. Head of Master and Doctor Science Management Program

About the new Heads, Ira Fachira completed her PhD at Massey University, New Zealand, in 2013. Having an interest in services marketing, consumer behavior and online communities, a relationship between popular culture, marketing, and consumer storytelling always draws Ira’s attention. Moreover, meet Wawan Dhewanto. Joining the school in January 2004 following his PhD completion from Monash University, he closely involved in developing the Entrepreneurship and Management of Technology Research Group.

For graduates program, Pri Hermawan was appointed as the Head of MBA Bandung while Yos Sunitiyoso serves MBA Jakarta. Pri earned his doctoral degree from Department of Value and Decision Science from Tokyo Institute of Technology, Japan, in 2009 whereas Yos Sunitiyoso got a doctoral degree from the University of the West of England (UWE) Bristol, United Kingdom. Both Pri and Yos show a great interest in decision making and negotiation study including the application of agent-based modeling and simulation in social issues, operation and management.

Meanwhile Head of Master of Science in Management as well as the doctoral program, Bambang Rudito, graduated from doctorate program at University of Indonesia majoring Anthropology. He has been consultant to various studies focusing in social conflict, culture, and to be involved in developing corporate social responsibility program for many institutions.

The CFA Institute Research Challenge is an annual global competition that provides university students with hands-on mentoring and intensive training in financial analysis. Students work in teams to research and analyze a publicly traded company – sometimes even meeting face-to-face with company management. Each team writes a research report on their assigned company with a buy, sell, or hold recommendation and may be asked to present and defend their analysis to a panel of industry professionals. Every country would be represented by one team that would be chosen from the winner from the country level competitions. This competition is regarded as one of the most prestigious competition for students in the field of finance. For CFA Institute Research Challenge 2015/2016, CFA Institute invited SBM ITB to join the preliminary round of this competition. A team from MBA ITB was founded to compete in this competition, and the team consisted of Hanindita Guritna (MBA YP-51), David Rinaldi (MBA YP-51), Felix Terahadi (MBA YP-51), and Samodro Bagus (MBA YP-51).

For this year’s competition, every team had to do valuation for PT. Semen Indonesia (SMGR), the largest cement company in Indonesia and had to submit the preliminary report on 30th November 2015. The team was struggled to build the report as that was the period of final exam, and the members of the team fell sick one after another. This made the effort to make the preliminary report was not maximum. Fortunately, apart from all the struggles, the team was able to submit the preliminary report on time. On 1st December 2016, CFA Institute Indonesia announced the top 5 teams who would be competing in the final round of the local round on 29th January 2016 in Jakarta based on the preliminary report submitted. MBA ITB team’s preliminary report received the highest score and chosen to be one of the finalist. The five teams that was chosen to compete in the final round of CFA Institute Research Challenge Indonesia were ITB, UI, UNPAD, UBAYA, and UGM.

For the final round, those 5 teams had to submit their final report and presented their analysis in front of a panel of jury that consisted of industry professionals and CFA charter holders. ITB team was determined to be better prepared to make the final report and presentation. Prior to the final event, the team met daily to construct the report and to practice their presentation skills, from the way of speaking, choreography until question and answer practice, helped by Mr. Subiakto and Miss. Maya. The team was confident to be able to win this competition and represent Indonesia in Asia Pacific level competition in Chicago.

On the day of the Final, the event was held in Bank Mandiri Club Lounge in Jakarta and the got the last turn to present their analysis to the jury. The team was able to present their analysis confidently and answered all the questions from the jury to defend their analysis convincingly despite being the only team that gives hold recommendation to the stock. After all of teams has presented all of their analysis, the jury announced the winners based on the score of the final report and presentation done by all finalists. ITB team was announced to be the 2nd winner, with the score slightly lower than the 1st winner, UI. The complete rank of the final was UI (1st winner), ITB (2nd winner), Unpad (3rd winner), Ubaya (4th winner), and UGM (5th winner). Even though the team was disappointed for not being able to be the 1st winner, they felt really proud to be able to represent ITB and win the 2nd place in CFA Institute Research Challenge 2015/2016. Hopefully, ITB can be the winner of this competition next year!

Written by: Dr. Sylviana Maya Damayanti, ST, MBA, RFA, QWP,CFP

“Infrastructure is the foundation of where everything else will come up. The issue now is how you can attract investment in creating the infrastructure in Indonesia,” challenged the Vice President Diwakar Gupta of ADB at Jakarta campus (27/7/2016). The VP talked yesterday at the Studium Generale: The Most Critical Challenges Facing Infrastructure Financing in Indonesia.

In any developing economy (like in Indonesia), according to the VP, the amount of investment required in the changing for infrastructure was much more than what it had been earned. “And the amount that has been put in the infrastructure every year is 3 – 4% in which it against the minimum as it should be 5%,” said Diwakar Gupta. That was why the VP had challenged Indonesia to attract more investment from private sectors to finance while stating that ADB would continue to intervene with 1 billion per year and more. “Our aspiration to make it 2 billion per year,” told the VP.

To discuss more onto the critical role of financing infrastructure, lecturer Aries Firman stated, “Financing surely makes the project possible.” Besides that, as Aries continued to explain, financing had major impacts on riskiness of constructions, claims, and prices offered. The Global Project Management expert further added that the difficulty of financing was also a major driver towards alternate delivery methods while mentioning the consequences from the favorable indirect loan.

What are the key points of Indonesia infrastructure context? Indonesia Infrastructure Guarantee Fund (IIGF) demonstrated. Some key points presented by SVP of the CEO Office, Andre Permana:
1. Indonesia is one of the investment targets for International investors and banks in infrastructure sector.
2. There is an urgent need for infrastructure development to sustain stable economic growth, serve strong domestic demand and for Indonesia to remain competitive.
3. A number of positive developments in infrastructure sector has been driven by the Government, i.e creating of land fund, infrastructure fund, guarantee fund and viability gap fund as well as new Land Law insurance.

As a kick off for TK Low Series of Seminar, the event was moderatored by Deputy Director Yudo Anggoro and opened by the School Advisory Chairman Kuntoro Mangkusubroto. The 2-hour studium generale was attended by the civitas as well as practitioners in the respected field.

Despite the beauty of the whale shark, the largest fish in the sea is still struggling for survival due to unregulated fishing. Concerned with the species’ plight, Kresna Agung Negara, a MBA ITB student, has taken part in an environmental campaign in Cenderawasih Bay in Papua.
During his visit to the whale shark paradise as part of the Live Out Ur Dream (LOUD) program, Kresna has fulfilled his dream of diving with the animal as well as educate other tourists to not touch the gentle fish and share information with local fishermen about protecting the whale shark and its ecosystem.

“We want people to be more aware of preserving the environment,” said Kresna in a press release. “Diving is a leisure activity, but we still need to care for the environment so our children and grandchildren will still be able to enjoy the scenery that we currently have.”

Prior to his visit, Kresna had prepared himself, including joining diving lessons during the holy month of Ramadhan.

Initiated by household and personal care company Godrej Indonesia, LOUD aims to help Indonesian youths fulfill their ultimate dreams. More than 200 students from 20 universities in the country have participated in the LOUD competition in which finalists are required to present their dream in front of judges.

Source: http://www.thejakartapost.com/life/2016/09/26/student-fulfills-dream-of-diving-with-whale-sharks.html

Associate Professor of Management and Organizations, Kellogg School of Management, Northwestern University, Adam Waytz identified six biases occurred in the process of decision-making. The Professor then shared about how to “Shield” against those biases and how they could actually be used as “Weapons” to influence people. Adam talked at Jakarta CMO Club Special Learning Edition Forum organized by MarkPlus Inc at SBM ITB in Jakarta (21/11/2016).

According to Adam, humans were far from being perfectly rational and instead were susceptible to bias, emotion, and intuition that caused even the smartest leader to make bad decisions. Luckily, said the Professor, psychological science had identified that irrational tendencies were systematic, and thus decision-making errors were predictable than random. Knowing how to recognize these bugs of our decision-making habits helped turn capable leaders into decision-making warriors.

“By understanding the process, you can protect yourself from making errors. There are six biases influencing the decision-making process: (1) Loss Aversion, (2) Availability, (3) Overconfidence, (4) Anchoring, (5) Escalation of Commitment, (6) Confirmation,” said Adam.
He later enclosed the lecture with how to get the rational decision-making by getting more information, ask the right questions, collect diverse data from diverse sources, and consider the opposites.

That is the slogan made by the new MBA Jakarta students batch 56! Took place at Putri Duyung Ancol, the Introduction Program for January 2017 intake was held. “Ten years ago when SBM ITB Jakarta Campus for the first time welcomed its MBA students in 2007, it was only 17 students. Now in 2017, it is 177 students for this intake. Ten times more in one intake after just 10 years,” said the Dean Prof. Sudarso Kaderi Wiryono in his welcoming speech (8/1/2017).

For this January, the Jakarta Campus accepted 177 students in 4 various MBA programs: Business Leadership MBA , ITB-Aalto Global Leadership MBA, Entrepreneurship MBA, General Management MBA and an in-house program with MarkPlus Inc. called Strategic Marketing MBA.

Introduction program highlighting Harmony in Diversity as the theme aimed to emphasize the beauty of diversity. In teaching and learning activities, for example. The diversity of students’ backgrounds and experiences will enriched the class as students will speak from different minds and perspectives. Prof. Kuntoro Mangkusubroto, also remarked the theme “Harmony in Diversity” with this current public situation. “14 years ago when SBM ITB was founded the theme Harmony in Diversity was at the centerfold. That was just a few years before, the 9/11 tragedy had disrupted the harmony of mankind. This year, it is important to remember that the same issue is still paramount, “said the Chairman of School Advisory Council.

Held every intake, the introduction program aims to introduce the new students to the learning activities at MBA ITB. Starts from rules and regulations of being a student, the importance of active learning and how to learn with business case as 80% of the learning activity would employ cases. Attended by founders, lecturers, and partners from Aalto University, the event was enclosed by team building activity in a sunny and breezy Sunday afternoon.

“IBM will not risk integrity or we will close down the whole operations. Integrity is on top of everything,”said the CEO of IBM Indonesia, Gunawan Susanto at the public lecture today at Jakarta Campus (21/2/2017). Gunawan talked about leadership and ethics as critical factors to ensure establishment of integrity and good business practice. Served IBM Indonesia since 2000, Gunawan Susanto was later appointed as the CEO in 2014.

Moreover, the CEO explained on how IBM survived to do business in one of the high-risk countries for briberies without compromising the integrity. “We keep improving the processes, build communication with clients and business partners as well as to develop and groom our talents. We wish to be the best school in IT for our IBM-ers, “told Gunawan.

Gunawan is the current CEO of IBM Indonesia. Started his career at IBM Indonesia since 2000, he has held several positions including System ASEAN Product Manager, Systems Sales Manager, and Country Manager Business Partner Organization. Appointed as Country Manager Systems & Technology Group in 2012, he has later served IBM as the CEO since 2014.

Flooding and traffic congestion the whole morning in Jakarta did not stop 50 MBA students to attend the 90-min lecture as the class was loaded. Students were enthusiastic with the lecture by asking various questions from ethical issues experienced by IBM until how the CEO managed his balanced life.

3 students from Master of Science in Management in Finance together with 2 students from Master of Business Administration became the national winner at CFA Institute Research Challenge 2017, an investment analysis competition held by CFA Global Society and CFA Society Indonesia. They will represent Indonesia CFA Institute Research Challenge 2017 Regional Round in Bangkok, Thailand. They will meet all representative from Asia Pacific and competing for the Global round in Czech with representative from America Regional and EMEA regional.

CFA Institute Research Challenge 2017 is the most prestigious investment analysis global competitions that provides university students with hands-on mentoring and intensive training in financial analysis. This year, CFA Institute Research Challenge national competition invited only 8 big universities in Indonesia. Top 4 universities are then chosen to join the final round to compete for Indonesia representative in Asia-Pacific Regional competition. Representatives from ITB consists of Wirata Adi Dharma, Yohanna Karina, and Faishal Ahmad Farrosi from Master of Science Management in Finance batch 2015; Kukuh Rahmanto and Ridho Murtadha Barasila from Young Professional program Master of Business Administration batch 53.

This year, the national competition decided to use telecommunication industry as its theme. They chose Indosat Ooredoo (PT Indosat Tbk.) as the object of the competition. Every team must make 10 pages’ investment analysis about the company and gives recommendation to buy/hold/sell the stock of the company. The winner is the one who can convince the judges about the recommendation that every team makes with all the underlying reasons.

For the team, CFA Institute Research Challenge is the chances to really implement the knowledge he has been getting so far in university and try to adjust it with the professional analyst always do in their works. Being exposed to the real problem and mentoring by the CFA chartered holder analyst is really a rare chance. This is one of the kind competitions that offer the participant a lot of knowledge, insights, and on-hand application to become investment analysis.

Written by:
Yohana Karina
Student of Master of Science in Management Batch 2015

“Overall the progress is 65%. We targeting the project will finish and open for public in March 2019,”said the Head of Business Development Division, Fuad Fachroeddin, on Thursday (2/3/2017). As part of Operation Management class, students of Executive MBA ITB had a chance to visit the most anticipated public transportation in Jakarta. For more than an hour, the 50 students witnessed the construction after more than two decades of postponement. The US$1.7 billion rail-based MRT megaproject is expected to solve the traffic gridlock in the capital Jakarta.

The visit to MRT began from Jalan Sudirman. Wearing personal protective equipment and a safety helmet, they went down to almost 30 meters to explore the curved tunnel. Although the air was thick and hot like wandering into a steam bath, they were impressed by the infrastructure of capital’s first ever underground railway.

Just a couple of weeks ago as written by the Jakarta Post, President Jokowi also visited the tunnel and announced the progress. During his visit, the President wished to have the construction completed during the Asian Games in August 2018.