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Adrian Ramadhan

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Review Open access Aug 2026

Evaluation of Hybrid Business Models in Indonesian State-Owned Enterprises: A Literature Review of the Reality of Social Entrepreneurship in PNM and Danantara

The transformation of State-Owned Enterprises (SOEs) toward hybrid business models has become a key strategy in addressing social challenges in Indonesia. However, there is skepticism about whether these initiatives truly create independent social enterprises or simply conventional social assistance programs. This Lite...

Adrian Ramadhan, Alfathir Syahendra, Harry Z. Soeratin et al. · 0 citations

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