Hi everyone! My name is Satrio. If you read my essay, please give a clue for a better revision. I am working on AAS application. Thanks :D
For the past three years, I have been actively contributing to the development of the entrepreneurial ecosystem in Indonesia by engaging with more than 150 small business owners across East Java Province through incubation programs and vocational training. This journey gives me a broad understanding of the challenges which is faced by local businesses and entrepreneurs, which make a high business failure rate in Indonesia. According to the Bank of Indonesia, 80% of small-medium enterprises fail in the first five years. The business failure in my community is caused by rapid business competition. They not just compete with other local business, but also compete with the big company and unicorn startup that brings more resources to acquire the local market.
In 2018, I had participated in the Australia Awards short course program on the startup ecosystem, which makes me inspired to deliver solutions for the business challenge. I visited Melbourne Smart City that provides more than 1,000 open datasets that available for the business player to support business operations. I believe if this system is applied in Indonesia and the business owner able to use and analyze the data for a better business decision, then it will reduce competition and increase the business survival rate. As an entrepreneur ecosystem builder in Indonesia, I am aware that I need to take a further step to upgrade my competency. Master's degree in business analytics will give me essential skills to foster small-medium enterprises through a data-driven strategy to tackle business challenges.
I choose Monash University and the University of Technology Sydney as my university preferences because I can involve at entrepreneurship centre, called Monash's Startup Hub and UTS Startup. Those centres allow me to participate in any opportunities to learn best practice in building a startup ecosystem, engage in a research project, and enlarge my network.
why did you choose the course and institutions?
For the past three years, I have been actively contributing to the development of the entrepreneurial ecosystem in Indonesia by engaging with more than 150 small business owners across East Java Province through incubation programs and vocational training. This journey gives me a broad understanding of the challenges which is faced by local businesses and entrepreneurs, which make a high business failure rate in Indonesia. According to the Bank of Indonesia, 80% of small-medium enterprises fail in the first five years. The business failure in my community is caused by rapid business competition. They not just compete with other local business, but also compete with the big company and unicorn startup that brings more resources to acquire the local market.
In 2018, I had participated in the Australia Awards short course program on the startup ecosystem, which makes me inspired to deliver solutions for the business challenge. I visited Melbourne Smart City that provides more than 1,000 open datasets that available for the business player to support business operations. I believe if this system is applied in Indonesia and the business owner able to use and analyze the data for a better business decision, then it will reduce competition and increase the business survival rate. As an entrepreneur ecosystem builder in Indonesia, I am aware that I need to take a further step to upgrade my competency. Master's degree in business analytics will give me essential skills to foster small-medium enterprises through a data-driven strategy to tackle business challenges.
I choose Monash University and the University of Technology Sydney as my university preferences because I can involve at entrepreneurship centre, called Monash's Startup Hub and UTS Startup. Those centres allow me to participate in any opportunities to learn best practice in building a startup ecosystem, engage in a research project, and enlarge my network.