Transformation Of The Spirit Of Kertamasa Within The Privatization Of State Owned Enterprise

Kertamasa which is the local wisdom in Bali derived from the practice of Subak organization can be transformed in the privatization of state owned enterprises. Values shared within Kertamasa transformed in the privatization of SOEs is value which is fundamental that includes future creative, progress, prosperity, advantages, security, order, harmonious balance between the inner and outer structure. The fundamental value of Kertamasa shall serve as basis for the elaboration of the instrumental and praxis values in the privatization of state enterprises. Transformation of Kertamasa in privatization of SOE is the realization of instrumental value and praxis value in the policy and implementation of the privatization, the practical value of the instrument and are not reflected in the current SOE Law governing the privatization of SOE. Keyword : kertamasa, subak, privatization.