The Salim Group: The Art of Strategic Flexibility

The following sections are included:

• Introduction

• History of the Salim Group

  • The beginning

  • Early expansion and diversification

  • Industrialization

  • Designing the portfolio

  • Rapid growth in the 1990s

• The Salim Group in Crisis

  • The Asian crisis

• The Fall of Suharto

  • Facing reality

• Ownership and Organization Structure of the Salim Group

  • Confederation under private holding

  • Controlling shareholders

  • Group size and structure

• Management Practices of the Salim Group

  • Corporate identity: Portfolio

  • Management style

  • Management information systems

  • Human resources management

  • Corporate communications

• Future Strategy

  • Fire-fighting

  • The axis of prosperity

  • Strategy implementation

  • One-million-dollar question

• Annex 1. Salim Group overview before the Asian Crisis

• Annex 2: Turnover of listed Salim Group companies (1994–2003)

• Annex 3: Salim Group & Asian Crisis

  • Submitting assets to the Indonesian Bank Restructuring Agency

• Annex 4: First Pacific Company: An example of ownership of the “Liem Investors”

  • First Pacific; long position in shares

  • Associated corporations; long positions in shares

• Annex 5: First Pacific Company: An Example of Control through Board of Directors

  • Composition of the board of First Pacific (June 2003)