“…Therefore, he proposed two steps strategy, restructuring and privatizing. It was a fast track privatization model, as mostly advised by international financial adviser to Indonesia government(Rafick & Amir, 2010;Djuraid, et,al., 2018; Nugroho & Ricky Siahaan, eds, 2008; Kementerian SOE, 2018;Nugroho & Wrihatnolo, 2002) ). However, Sukardi worked only for 7 months.SOEs faced difficult time, as there were unclear and inconsistent policies toward state enterprises on one hand, and intense bureaucratic and political intervention that had abused business phases: consolidation(2002), revitalization (2003-2004), and growth (2005-2006).…”