Amway: Global Entrepreneurship Report

Foundation Of A Positive Entrepreneurial Culture

Entrepreneurship activity around the world is attracting increasing attention these days, and for good reason. Many people around the world are finding new and innovative ways to address market needs and improve their financial positions while doing do. One company which measures such activity and attitudes is Amway.

The 2015 Amway Global Entrepreneurship Report, or AGER, released in November, found that 86 percent of Americans expressed positive attitudes toward entrepreneurship.That is 11 percent higher than the 2015 global average and represents a 24-percent increase from the 2014 AGER survey. Now in its sixth year, the AGER takes the public pulse of the state of self-employment around the world. Ada, Michigan-based Amway said the 2015 AGER spans 44 countries, with in person and telephone interviews conducted with nearly 50,000 men and women ages 14-99.

The 2015 study delves into the key characteristics of entrepreneurs and the entrepreneurial spirit, debuting the Amway Entrepreneurial Spirit Index, or AESI.


Read more about the report here »

From the PI, Prof. Dr. Isabell M. Welpe, Technische Universität München (TUM) » »

PDF: 10 Reasons to Work at Amway




Indonesia Commodity and Derivatives Exchange


Indonesia Commodity and Derivatives Exchange (ICDX) or Bursa Komoditi dan Derivatif Indonesia is the commodity and derivatives based exchange in Indonesia.  Indonesia Commodity and Derivatives Exchange (ICDX), also known as PT. Bursa Komoditi dan Derivatif Indonesia (BKDI) is the Internationally known commodity and derivatives based exchange in Indonesia.  Indonesia is the largest producer in the world for many prime commodity products in the soft agricultural, metal and energy sectors. Based on that fact, the demand for Indonesia to be the pricing benchmark of these commodities has elevated. “Trade @ the Source”, a sentence that is best suited for trading in commodity-producing countries in the world.


ICDX is an Exchange supported by its members who are brokers and traders approved by BAPPEBTI. The member of ICDX facilitates services clients’ transactions overing ICDX products. Trading in ICDX will be settled, guarantee and cleared by Identrust Security International (ISI).

ICDX membership consists of traders, brokerage firms, and foreign traders (remote members). All members have an option as the Exchange clearing members.


ICDX offers a wide range of commodity products which includes the three major groups of commodities: Metals, Soft Agricultural Products, and Energy. More products will be added to ICDX’s growing list of products in phases.

Recent News: Tin buyers eye Indonesian exchange after rule change – Reuters

Posted in Uncategorized

Jakarta to Host 2nd Congress of Indonesian Diaspora in August

2nd cid-2013Following on the heels of the very successful inaugural Congress of Indonesian Diaspora held in Los Angeles during July 2012, the Embassy of the Republic of Indonesia in Washington, D.C. will organize the 2nd Congress of Indonesia Diaspora to be held in the Jakarta Convention Center from August 18-20, 2013. This year’s congress theme “Pulang Kampung” or “Home-Coming” will invite not only current leaders, but also the youth and leaders of the next generation back home to Indonesia to harness their strengths and training for the betterment and improvement of Indonesia, and for the benefit of its people.


Critical Skills for Future Leaders

Latest information from Kepner Tregoe:


A recent Forbes article focused on the top 10 most critical job skills and identified the following skills as the top three:

  • Critical thinking
  • Complex problem solving
  • Judgment and decision making

Does your organization have an adequate pipeline of leaders with these specialized skills and the ability to work together toward common strategic and operational goals?

The foundation to building future leaders is to build strong critical thinking skills. Kepner-Tregoe (KT) workshops provide a systematic, common-language approach to solving problems, making better balanced decisions, and managing business-critical projects–all powered by logic and good questioning. Individuals credit our approach for advancing their careers. Organizations track our programs to bottom-line savings, year-after-year. Our programs will build your bench strength of current and future leaders, and empower anyone working in a team or project environment. While KT programs are brought in-house to train hundreds of personnel, we also offer public workshops in convenient locations worldwide.


Indonesia Economic Quarterly: Policies in Focus

December 17, 2012

As 2012 closes, Indonesia’s exports remain under pressure amidst global growth constraints. Economic growth however still outpaces most of its major trading partners.






  • The economic outlook for Indonesia in 2013 remains positive despite a weak global economy, but maintaining strong investment growth is vital.
  • The World Bank projects growth of 6.1 percent for Indonesia in 2012, with a marginal rise to 6.3 percent in 2013. This projection assumes that domestic consumption and investment growth remain strong, while improving growth in Indonesia’s major trading partners supports a modest recovery in exports.
  • The global economic outlook remains relatively uncertain and vulnerable to shocks – the outcome of the “fiscal cliff” negotiations in the US; developments in the Euro area; and a further slowdown in China’s economy could potentially impact the World Bank’s baseline growth projections. Domestic investment growth – a crucial factor in Indonesia’s recent strong economic performance – also faces risks.
  • Investment now accounts for a third of all spending on Indonesian goods and services. Investment was up 10 percent year-on-year in Q3 and was responsible for nearly 40 percent of Q3’s solid GDP 6.2 percent growth year-on-year. Since investment and global commodity prices tend to move in tandem, Indonesia’s investment outlook may weaken as weaker commodity-related earnings filter into the wider economy.
  • A strong policy framework is key to facilitating investors’ ability to plan ahead and to maintaining the confidence in the future that motivates investment. Leading up to the 2014 general elections, Indonesia’s business and investment policies will be under particular focus. Continuing to improve the regulatory environment and effectively communicating new reforms are important steps which can support the investment outlook and continue to drive robust growth.
  • On the fiscal side, the World Bank projects a full year 2012 deficit of 2.5 percent, slightly higher than the Government’s revised Budget target of 2.2 percent of GDP. Revenue growth has moderated but disbursements of capital and material expenditures are still behind their targets, despite strong nominal growth. Most notably, the opportunity cost of energy subsidies continues to rise.
  • Given their importance for workers’ welfare and, potentially, for economic growth, the way in which minimum wages is negotiated could benefit from moving towards a more comprehensive, technical and inclusive approach to bargaining in the labor market, ensuring that all stakeholders, including informal sector workers, are represented.
  • In terms of Indonesia’s medium-term development challenges, the recent Village Infrastructure Census shows different rates of progress across provinces and districts in the delivery of infrastructure, health and educational services.
  • In terms of disaster risk preparedness, Indonesia’s successful recovery efforts following major natural disasters in Sumatra and Java provide examples of how to build resilience against disaster risks, including the risk of flooding in Jakarta.



Prestigious IPMI Graduation Ceremony

On Thursday, 13th December 2012, the Indonesian Institute for Management Development (IPMI) will hold their 38th  graduation ceremony for students in their Master of Management and Undergraduate Programs. The event is also hosted by the Indonesian Foundation for Management Development.

We are fortunate that Mr. Leonardo Stoute, President of the LSI Group, has been invited to this prestigious event. Mr. Stoute has a long history with IPMI, where he has been invited to lecture many times over the years.


Global Network for Advanced Management

Yale University and many other prestigious educational institutions around the world have formed the Global Network for Advanced Management to promote collaboration in the areas of business and management.

This is their mission:

In order to succeed, enterprises need leaders who understand how markets and organizations work in these increasingly diverse and complex contexts and who can move supplely from a global perspective to specific understanding. Leaders need to be able to call on expertise and resources from all parts of the globe and all sectors of society, and not assume that any one organization or perspective has the final answer. Leaders need to look to the horizon to spot emerging global powers and rapidly developing opportunities at the edges of the economy.

The Global Network for Advanced Management creates an organizational structure that can thrive in this developing environment. It connects each member school with diverse regions, countries, and cultures, and economies in different phases of development. The network facilitates interaction, but leaves the development of an agenda to the participating schools.