JAKARTA - Head of the State-Owned Enterprises Regulatory Agency (BP) Dony Oskaria emphasized that the role of the Chief Executive Officer (CEO) is an important factor in ensuring the direction and success of corporate transformation, in this case state-owned enterprises (SOEs).
"A CEO must know the current situation of his company and he designs the future outlook of his company," said Dony in his statement, quoted by Antara, in Jakarta, Tuesday, May 5.
This was conveyed in the agenda of the Danantara CEO Program for the first batch which was held on Monday, May 4.
Dony, who is also the Chief Operating Officer (COO) of Danantara, explained that leadership is not only required to understand the current condition of the company, but also to be able to formulate a clear vision for the future.
This vision needs to be built from a strong understanding, as well as communicated effectively so that it can be understood by all organizations.
Furthermore, Dony emphasized that changes can only run optimally through a combination of top-down approaches and buy-in processes.
"The instructions from the leadership must be accompanied by efforts to build mutual understanding and confidence at all levels of the organization.
"Change can only be done in two ways. The first is a top-down approach. People change because of top-down. But at the same time, the change must be communicated to do the buy-in process," he said.
According to him, transformation is not enough to be a policy agenda, but must be a collective movement that is understood and implemented collectively by all people in the company.
On this occasion, Dony also emphasized the importance of direct involvement of leaders in the execution of transformation. Without the presence of leadership, the risk of transformation failure will be greater.
"He led the execution himself, 70 percent of the transformation failed. Only 30 percent succeeded. Why? What is the key? The leader. If he is not able to lead the execution himself than the transformation that is carried out, the transformation will 'fail'," he said.
BP BUMN and Danantara Indonesia continue to encourage the strengthening of BUMN leadership so that every transformation runs with a clear vision, effective communication, and consistent and sustainable execution, in order to provide added value for the country and the community.
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