Transformation of SOE Ministry Annual Report 2020
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MINISTRY OF STATE-OWNED ENTERPRISES
ANNUAL REPORT 2020
SOE ROADMAP & TRANSFORMATION
Business Model
Technology
Leadership
Economic and
Social Values for
Talent
Development
G
Boosting
Investments
The COVID-19 pandemic has impacted 89% of SOEs, which
requires the Ministry of SOE to make adjustments on roadmap and
projections for the 2020-2024 period to accommodate structural
changes due to the shifts in priorities and business models impacted
by the pandemic.
SOEs are facing a difficult situation due to the COVID-19
pandemic. To respond, SOES and the Ministry of SOE have
adjusted the roadmap and projections for 2020-2024 to
accommodate structural changes due to the shifts in
priorities and business models affected by the pandemic.
Reprioritization of the roadmap addresses:
4.
Stress-testing financial and cash flow as well as
restructuring SOEs affected by the COVID-19 to
maintain the viability of strategic SOES
5.
6.
1.
Protection of human resource by facilitating transition
to a new-normal work model
2.
Stabilizing supply-chain by reviewing supply-chain
strategies of vital industries such as pharmaceuticals,
healthcare, food, and logistics
Integrating COVID-19 response center by establishing
the COVID-19 Task Force to accelerate assistance
delivery
Maintaining customer engagement and accelerating
the launch and expansion of digital channels to
retain communication and customer engagement
Realizing new opportunities by using the crisis to
deepen and improve relationships with customers,
suppliers and other stakeholders which will increase
competitiveness post-pandemic
The adjustment of SOE roadmap is divided into three main
stages which are matched with the estimated flow of
pandemic response as shown in the graph below. Each
strategic initiative is outlined in 5 (five) SOE priorities.
NC
3.
The SOE Roadmap 2020-2024 has three main stages to maintain the continuity of SOES
portfolio in creating long-term added value
Innovation &
Transformation
03
SOE ROADMAP &
TRANSFORMATION
Survival &
Viability
Up to Q2-2021
A1 Protecting strategic SOEs and
SOES affected by COVID-19
A2 Forming Clustering based on
supply-chain linkages and
industry similarities to enhance
synergies
A3 Improving SOES' GCG
foundation along with
operational restructuring
to achieve operational
excellence
Restructuring &
Realignment
Up to Q2-2022
B1 Improving portfolio by
restructuring the corporation
that aims to carry out
consolidation and simplification
B2 Preparing the foundation for
innovating new business model
Up to 2024
C1 Creating opportunities for
private sector participation
and refocusing the
specialization of SOEs with
commercial and social
objectives
RESILIENCE AMIDST UNCERTAINTY
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