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All Journal Andromeda : Jurnal Manajemen dan Bisnis Syariah Iustitia: Journal of Legal Theory, Politics, and International Relations Corpus: International Journal of Law and Political Authorit
Anggun Wida Prawira
Sekolah Tinggi Ilmu Ekonomi Indonesia (STIESIA) Surabaya
Economics, Econometrics & Finance Social Sciences

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Strategic Adaptation and Sustainable Growth in Indonesia’s Medical Device Industry : A PESTEL-Based Conceptual Analysis of Industry Dynamics and Firm-Level Capabilities Anggun Wida Prawira; Shifaun Qolbi
Andromeda : Jurnal Manajemen dan Bisnis Syariah Vol. 3 No. 2 (2025): Jurnal Andromeda
Publisher : Program Studi Manajemen Bisnis Syariah

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24260/cet5cr64

Abstract

Indonesia’s medical device industry has become a critical business phenomenon due to the simultaneous presence of market growth, import dependence, fiscal contraction, exchange-rate volatility and local content policy. This study aims to examine how medical device firms in Indonesia develop strategic adaptation and sustainable growth strategies under changing fiscal, regulatory and macroeconomic conditions. The study applies a descriptive qualitative-analytical method based on literature review, policy analysis, industry reports and recent academic studies. The theoretical framework integrates strategic market management, dynamic capabilities, market orientation, resource-based view and sustainable competitive advantage. The findings indicate that Indonesia’s medical device market continues to offer growth potential due to national health insurance expansion, public hospital procurement, primary-care strengthening and rising demand for diagnostic, monitoring and consumable products. However, the industry remains constrained by dependence on imported high-technology devices, exchange-rate exposure, selective public health spending and limited domestic production capability. Strategic adaptation is therefore required through sensing, seizing and transforming capabilities. Firms must strengthen regulatory capability, supply-chain resilience, value-based pricing, B2B-B2G relationship marketing, e-catalogue readiness, local production and after-sales service differentiation. This study contributes to strategic marketing literature by developing an integrated framework that connects external pressures, dynamic capabilities, accelerated marketing strategy and sustainable competitive advantage in an emerging healthcare market. Practically, the study recommends that Indonesian medical device entrepreneurs align business strategy with local content policy, procurement reform, financial resilience and healthcare-system sustainability.
SOVEREIGN BOND STABILIZATION, RUPIAH VOLATILITY, AND PORTFOLIO INVESTMENT RESILIENCE IN INDONESIA: A SYSTEMATIC LITERATURE REVIEW BASED ON MODERN PORTFOLIO THEORY Anggun Wida Prawira; Santoso
Andromeda : Jurnal Manajemen dan Bisnis Syariah Vol. 4 No. 1 (2026): Jurnal Andromeda
Publisher : Program Studi Manajemen Bisnis Syariah

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24260/jszjbz81

Abstract

This study examines the interrelationship between sovereign bond stabilization, rupiah volatility, and portfolio investment resilience in Indonesia as an emerging financial market. The study is motivated by increasing exchange-rate pressure, fluctuations in government bond yields, global monetary uncertainty, and the need to maintain investor confidence in Indonesia’s capital market. Although previous studies have examined sovereign bond yield dynamics, macroprudential policy, exchange-rate risk, and portfolio optimization separately, limited research has integrated these issues into a unified framework for investment resilience in Indonesia. Using a Systematic Literature Review guided by the Preferred Reporting Items for Systematic Reviews and Meta-Analyses framework, this study synthesizes 25 selected publications from Crossref, Scopus, and Google Scholar published between 2020 and 2024, supported by recent policy and market developments in 2026. The findings indicate that sovereign bond stability is shaped by macroeconomic fundamentals, fiscal credibility, exchange-rate expectations, liquidity conditions, geopolitical risk, investor structure, and policy coordination. The synthesis further suggests that bond stabilization mechanisms, diversified sovereign financing instruments, and coordinated monetary–fiscal policy can enhance portfolio resilience by reducing yield volatility, strengthening investor confidence, and mitigating capital-flow reversal risks. This study contributes to the literature by developing an integrated conceptual perspective linking sovereign bond-market stability, currency volatility, and portfolio investment resilience in an emerging-market context. The findings provide practical implications for policymakers, institutional investors, and portfolio managers seeking to manage financial-market volatility in Indonesia.
The Future of Smart Contracts in Indonesia’s Commercial and Business Law System Leonardus Teguh Handoyo; Anggun Wida Prawira; Aswanto Aswanto
Iustitia: Journal of Legal Theory, Politics, and International Relations Vol. 1 No. 2 (2026): May: Iustitia: Journal of Legal Theory, Politics, and International Relations
Publisher : CV SCRIPTA INTELEKTUAL MANDIRI

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Abstract

This research examines the future regulatory position of blockchain based smart contracts within Indonesia’s commercial and business law system by focusing on the unresolved legal tensions between conventional contract doctrine and decentralized digital governance. The study applies normative juridical and doctrinal legal research methods supported by statutory, conceptual, and comparative approaches to analyze the Indonesian Civil Code, Government Regulation Number 71 of 2019, Law Number 1 of 2024 concerning Electronic Information and Transactions, and Law Number 4 of 2023 concerning Financial Sector Development and Strengthening. The findings demonstrate that Indonesian contract law remains structurally dependent upon conventional assumptions concerning consent, enforceability, jurisdiction, evidentiary authority, and institutional dispute settlement, while blockchain based transactions increasingly operate through autonomous computational execution beyond traditional judicial intervention. Comparative analysis reveals that several jurisdictions have adopted technologically adaptive regulatory models integrating blockchain governance, legal sandbox mechanisms, digital commercial supervision, and hybrid dispute resolution frameworks. The research concludes that Indonesia requires comprehensive legislative reform capable of harmonizing commercial modernization, algorithmic governance, and legal certainty within the expanding architecture of decentralized digital commerce.
Algorithmic Governance and Legal Accountability: A Comparative Analysis of Artificial Intelligence Regulation in Public Decision-Making Anggun Wida Prawira; Erniati Erniati
International Journal of Law and Political Authority Vol. 1 No. 2 (2026): : April: Corpus: International Journal of Law and Political Authority
Publisher : CV SCRIPTA INTELEKTUAL MANDIRI

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Abstract

This article examines the problem of legal accountability in algorithmic governance, particularly in the context of artificial intelligence (AI) used in public decision-making, where the increasing reliance on automated systems generates significant challenges related to transparency, liability attribution, and the protection of fundamental rights. The study addresses the normative and practical gaps arising from the coexistence of binding regulations, such as the European Union Artificial Intelligence Act, and non-binding frameworks, including the OECD AI Principles and UNESCO Recommendation, alongside fragmented national policies. Employing a normative-comparative legal research method, this study utilizes doctrinal analysis and comparative approaches based on primary legal sources and secondary scholarly literature to evaluate the coherence, consistency, and effectiveness of AI regulatory regimes across jurisdictions. The findings reveal that while the EU framework provides a relatively structured and enforceable model of accountability through a risk-based regulatory approach, significant ambiguities persist in the allocation of legal liability and the operationalization of human oversight, particularly when algorithmic systems influence administrative discretion. Furthermore, the analysis demonstrates that socio-legal factors, including institutional capacity, legal culture, and administrative practices, critically affect the implementation of accountability norms, thereby exposing a gap between formal legal design and empirical realities, especially in developing regulatory environments. The study contributes to legal scholarship by proposing an integrated framework of algorithmic accountability that combines normative clarity, comparative insights, and socio-legal considerations to strengthen governance mechanisms in AI-driven public administration  
Co-Authors Aswanto Aswanto Erniati Erniati Leonardus Teguh Handoyo Santoso Shifaun Qolbi