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Jakarta Post

Younger entrepreneurs show innovative streak

  • Mariel Grazella

    The Jakarta Post

Jakarta   /   Wed, December 12 2012   /  11:33 am

A younger generation of newly crowned entrepreneurs of the year said that classic entrepreneurial traits of perseverance, team spirit and innovation were keystones that buttressed their ventures against the downturns all businesses see.

“We have been through tough times, but we have always managed to get back on our feet,” Budiarto Halim, CEO of PT Erajaya Swasembada, said recently. Budi was named Entrepreneur of the Year by audit firm Ernst and Young.

Erajaya is a distributor and retailer of leading cell phone brands such as Samsung and BlackBerry. The company became a member of the bourse in 2011 when it conducted an initial public offering (IPO) last November.

According to Budiarto, his company experienced trouble back in 2009 when the company handled the distribution of only a few brands. One of the brands, which the company largely relied on, began to lose p...