2324T3 Jakarta/Reflection

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REFLECTION

Guidelines for Reflections

Reflection on virtual trip visit

1. Key takeaways or learning points from the course and project
2. Quotes from presenter/senior management/owner/founder
3. Keep to one sentence for the course and one sentence for the project

Academic Integrity

All acts of academic dishonesty (including, but not limited to, plagiarism, cheating, fabrication, facilitation of acts of academic dishonesty by others, unauthorized possession of exam questions, or tampering with the academic work of other students) are serious offences. All work (whether oral or written) submitted for purposes of assessment must be the student’s own work. Penalties for violation of the policy range from zero marks for the component assessment to expulsion, depending on the nature of the offense. When in doubt, students should consult the instructors of the course.

Student Name

Reflection

Ang Jia Li Gerald

I learned a quote from the Singapore Business Federation (SBF) that "it is not about what you know, it is about who you know to start a business."

Augustine Lim Zheng Hong

To start and run a successful company, understanding business and societal trends is crucial. Running a business is also a neverending process of competition and development, and not as simplistic and easy as outsiders might think.

Caleb Loh Chee Heng

It has been an eye-opening experience, and the sharing by the different speakers has helped me recognise the importance of capitalising on market gaps, and because they were unafraid to put in the effort required, they saw success in each of their fields.

Chia De Han

Meeting with local entrepreneurs offered deep insights into their journeys, from ideation to execution. I learned about the resilience required to navigate a competitive market and the importance of adapting to cultural norms.

Chua Wei Ling, Jacqueline

Starting a business is not an easy feat. After meeting with the entrepreneurs, some encouraged to start a business in Indonesia while some discouraged. One should not jump on the start-up bandwagon if they have yet to consider all factors and the worse case scenarios, even if they have the capital to do so.

Clarissa Koh Shi Qi

There are different ways to show investors the stability and potential of your company, one example would be to make a presence in 1 developing market and 1 developed market. This strategy not only demonstrates a company's ability to navigate diverse economic landscapes but also showcases its potential for growth and resilience across various market conditions.

Daryl Yoon Kaile

The most important aspect in starting a business is believing in an idea

Ee Zi Hao Stephen

Entrepreneurship requires not only ideas and an effective team but also passion on a personal level to make it possible. While being conscious of the need to make connections it is also important to be aware of the changes that might happen quickly in this market.

Grace Angel Bisawan

Singapore is value-based, while Indonesia is relationship-based, don't be surprised if you friend suddenly built a bigger company and wants to acquire your company.

Jeffry Zhou

To start your entrepreneur journey in Indonesia, you need to first understand the social dynamics and importance of networking; Indonesia companies prioritize human relationship over values.

Joel Sng Zhen Wei

Learning about the interesting aspects of the Indonesia market and business landscape, and then interacting with different companies and learning how they adapt to/work around these specific aspects of the market was most intriguing to me.

Lim Ze Yuen

Human relationship is essential in building a business

Loo Yan Shen Timothy

Business is not all about what you know but rather who you know. Indonesia places a huge focus on relationship and connections. I also learnt more about Indonesia’s market and its importance within the region.