Organizational Culture, the Secret Weapon for Competitive Excellence
In the business world, strategy and organizational culture are often considered two separate things. Strategy is seen as a roadmap full of numbers and logic, while culture is considered a “soft” element that is left to the HR department. However, look at the success story of Netflix with its principle of “freedom and responsibility,” or […]
Inspirational Story of Local Entrepreneurs: From a Whim to a Legend – The Success Strategy of Bika Ambon Zulaikha
When Hajjah Mariani, a retired pharmaceutical company employee, tried making bika ambon cakes in 2003, she never imagined that this “whim” would change her family’s life. From selling only eight boxes a day, Bika Ambon Zulaikha has now become an iconic souvenir of Medan and one of the largest bika ambon shops in North Sumatra. […]
When Should Family Business Founders Step Down to Make Room for the Next Generation
In the course of a family business, there comes a time when a founder is faced with a decision that is not only strategic but also emotional: when to relinquish leadership. This decision is rarely easy. For many founders, the business is part of who they are a representation of their vision, hard work, and […]