Triaji Prio Pratomo
ABSTRACT
This paper is written to build a theory a set of core values namely AKHLAK (abbreviation from Bahasa Indonesia’s words: Amanah/ Trustworthy, Kompeten/ Competent, Harmonis/ Harmonious, Loyal, Adaptif/ Adaptive, Kolaboratif/ Collaborative) initiated by State-owned Enterprises Ministry Republic of Indonesia implemented as the only organisation’s core values for all Indonesia state-owned enterprises. AKHLAK core values expected to be integrated with state-owned enterprises’ management system and positioned as an independent factor which believed to boost business performance. Values has been known as abstract and dynamic concept that draws intriguing discussion topic in the field of management studies especially when it is related to business performance, but there is yet research to map the determinants of values-based management, in addition with empirical studies in Indonesia especially in state-owned enterprises’ ecosystem.
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