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Full Description
This book provides a well-documented analysis of the strategy of the Salim Group, one of the largest family conglomerates in Southeast Asia. Using a multitude of sources, including interviews with the Salim family and Salim Group managers, the author provides a comprehensive corporate biography of this fascinating family firm. The Rhythm of Strategy: A Corporate Biography of the Salim Group of Indonesia criticises existing theories on ethnic Chinese firms and instead provides a more nuanced view of the evolution of a small migrant trading business into the largest family business group in Southeast Asia. It argues that the strategy of this group oscillated irregularly between a business model built on connections and a professional business model adapted to markets. Due to its size and closeness to the Suharto regime, the Salim Group has played an important role in shaping Indonesia's economy.
Contents
Contents - 6 Preface - 10 List of Tables - 12 List of Figures - 13 Ch1. Introduction - 16 Ch. 2: The Birth of a Conglomerate - 40 Ch. 3: The Midas Touch - 60 Ch. 4: Fire-Fighting - 84 Ch. 5: Axis of Opportunity - 106 Ch. 6: Evolution of the Salim Group Strategy - 122 Ch. 7: Conclusions - 140 Annex 1: Sources - 152 Annex 2: Time Series Analysis of Business Events - 155 Annex 3: Overview of Salim Group Activities - 161 Annex 4: Salim Group Executives - 166 Notes - 168 Glossary - 184 Abbreviations - 185 References - 186 Index - 200