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Telkom to team up with Silicon Valley to accelerate digital creative industry
Telkom to team up with Silicon Valley to accelerate digital creative industry: Telkom is preparing its Telkomers to be globally ready and able to compete in the digital business environment
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span class="inline inline-left">Telkom to team up with Silicon Valley to accelerate digital creative industry: Telkom is preparing its Telkomers to be globally ready and able to compete in the digital business environment.
State-owned telecommunications provider PT Telekomunikasi Indonesia (TELKOM) held the fifth Telkom Corporate University (CorpU) Senate Plenary Meeting in Bandung recently, exploring the theme of International Expansion Toward 10% Contributing Telkom Revenue 2015.
The senate meeting took place at Indigo Theater of Telkom Corporate University on Aug.13 and was attended by the principal, vice principal, the dean members and also representatives of CorpU's international partner schools/universities from Insead, Thunderbird, Melbourne Business School, Nanyang University of Singapore and Orange Campus.
Telkom CorpU principal Arief Yahya shared Telkom's international success story expanding in 10 destinations, including Singapore, Hong Kong, Timor Leste, Australia, Malaysia, Myanmar and the US.
Arief said this achievement brought the responsibility of preparing Telkom human capital for being ready and able to compete globally in the digital business environment.
To achieve this goal, Telkom will team up with venture capital companies from Silicon Valley such as Fenox Venture Capital.
In addition, the senate meeting also discussed Telkom's steps in accelerating the improvement in Indonesia's creative digital industry's competitiveness. One of the steps is through the collaborations with Silicon Valley Partner, such as Fenox Venture Capital. Telkom will be among the first Indonesian companies to take advantage of corporate venture capital (CVC).
Meanwhile, Fenox Venture Capital head of investment Eddy Lee, who was also among the attendees, spoke about the investment scheme the company has completed in the US and Southeast Asia.
Arief Yahya explained how Telkom Group would pursue the plan in preparing digital creative industry in Indonesia to face globalization.
'We are committed to investing US$ 200 million, which we intend to boost the national creative digital industry. In the big picture, this will contribute to Indonesia's economic growth,' Arief said.
He said that the decision to work together with Silicon Valley companies would benefit the digital creativepreneur. He cited Google, Facebook, Whatsapp, Instagram as among the Silicon Valley-based companies that not only have gained popularity but also have a large number of users worldwide and incredible business value.
'The CVC will optimize all Telkom Group's resources and capabilities, inclusive of our customer-based business which has reached 150 million customers.
'Telkom is eager to strengthen our commitment as a business incubator,' Arief added.
Arief said that Fenox Venture Capital would assist Telkom's business incubator program providing it with the best mentors, straight from Silicon Valley. The mentors will assist in each step, starting from developing creative ideas, managing the talent involved and the innovation needed for the projects to work out.
'Our collaboration with Silicon Valley aims to facilitate the placing, funding and mentoring and to provide access to the market,' said Arief, adding, 'At the end of the day, the program will not only benefit Telkom Group's business but also Indonesia's creative industry as a whole.'
To prepare the Telkomers for global competition, especially in the upcoming ASEAN Economic Community (AEC 2015) ' the Southeast Asian free trade community - Telkom has created two flagship programs expected to be the core initiatives in reaching Telkom's goal of being a truly global company: The Global Talent Program (GTP) and SUSPIM International Program.
GTP is Telkom's human capital program to prepare Telkomers for the global challenge with overseas assignments for three months. The SUSPIM International Program is the global readiness program for all the top talent, which will be assessed using the Global Mindset Inventor (GMI), with a target GMI score of 3.2 on a scale of 1-5.
'We must prepare ourselves with international certification. So please, let's remind our younger generation that in the era of global trade where foreigners can work in Indonesia freely, we have to arm ourselves with capabilities acknowledged by international standards,' said Arief.
Leveraging global talent
In conjunction with The Fifth Academic Senate Plenary Meeting of Telkom CorpU, Telkom's director of human capital management Priyantono Rudito, soft-launched his book, Leveraging Global Talent.
The book is in conjunction with Telkom Group's mission, which is to build top-quality human resources an international scale.
Priyantono, who is also the chairman of Indonesia Human Capital Forum (FHCI), said Indonesia was blessed with an abundance of natural resources and its large population provided a potential market of great economic value.
'But if we do not prepare ourselves with top-quality human resources, we will only be a target and other better prepared countries with better quality human capital will take more advantage of the opportunities,' he said.
In the book Priyantono shares his radical strategy to implement leverage through five key elements of success, referred as 'The Five Es'; Enthusiasm, EduKnowledge, Exposure, Equity and Enablement.
Furthermore, Priyantono explained, 'Now we are in an era where a challenge has arisen, that of globalization. It used to be a theory but it's happening now. The rules have changed too. Now, countries with better human capital will thrive and take control. We need to move fast.'
Giving an illustration, Priyantono said, 'At the bottom of the chain of global workforce competition, there is our neighboring country the Philippines, which has human capital that speaks better English, is better skilled and is willing to be paid less. In the middle level, there are Indians who are willing to be paid less to work outside of their country.
To compete with that, Telkom needs powerful leverage to shape its human capital. Priyantono's ideas about strategic leverage and The Five Es approach will build top-quality human resources in a shorter time.
Priyantono explained that prior to launching the strategic leverage research had been conducted.
'It [the research] resulted in an approach of leveraging global talent, which prepares human capital to be qualified in facing the international challenge. The key performance indicator is the GMI and our study has resulted in the score of 3.2,' Priyantono said.
In addition, Priyantono said that other variables also used as key performance indicators such as the 3 Cs, being 50 percent character, 30 percent competence and 20 percent collaboration were used by Telkom management as criteria for placing the perfect candidate in Telkom Group.
Telkom's internal and external partners are to follow those standards.
The grand launch of Priyantono's book will take place in November this year during the Second International Seminar and Conference on Learning Organization.
