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For now, optimism continues to reign in Indonesia with foreign direct investment rising 22 percent in the third quarter of
2012 from one year ago, after posting 30 percent growth at the previous quarter.
The question is, how long will this optimism
last? What stands in the way of sustainable growth? As pointed out in the government’s
MP3EI masterplan, the key lies in building an “innovation-driven economy”.
And yet, innovation is a loaded buzzword.
What does it look like in terms of
organizational behavior? What are the conditions that will allow it to flourish?
This was the topic of Hay Group’s 2011 study
in to the Best Companies for Leadership
and is extensively discussed.
However, in this section of this paper, we will focus on the lessons that organizations in Indonesia can learn from the Best Companies for
Leadership (BCLs) when it comes to