The Human Side of Due Diligence Only Detectives Can Handle
Due diligence is often portrayed as a paperwork exercise. Companies review financial statements, contracts, and legal documents. They check boxes on standardized forms. But this approach misses something essential – the human element. Official documents only tell part of the story. They show what people want you to see. The reality of a business, partnership, or investment opportunity often lies in what isn't documented. This hidden reality can make or break your venture in Indonesia. The Limitations of Traditional Due Diligence Traditional due diligence relies heavily on provided documentation. Companies submit financial records, business plans, and legal paperwork. These materials undergo careful review by lawyers, accountants, and business analysts. This process works well enough in highly regulated markets. But Indonesia's business environment operates differently. Relationships, reputation, and unwritten understandings play crucial roles. These factors rarely appear in fo...