Claim Missing Document
Check
Articles

Found 21 Documents
Search

Financial Performance Evaluation Between Traditional Bank and Digital Bank During Digital Transformation: Evidence From Indonesia Tamami, Ahmad Jihan; Irawan, Tony; Indrawan, Dikky
Jurnal Aplikasi Bisnis dan Manajemen Vol. 11 No. 1 (2024): JABM, Vol. 11 No. 1, Januari 2025
Publisher : School of Business, Bogor Agricultural University (SB-IPB)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.17358/jabm.11.1.176

Abstract

Background: The COVID-19 pandemic accelerated the transformation of the financial sector by significantly altering consumer behavior. This shift led to the rise of digital banks as replacements for traditional banks. However, some digital banks have underperformed compared to their initial performance or after undergoing mergers and acquisitions.Purpose: This study aims to analyze the financial performance of traditional banks before their digital transformation, providing insights to inform alternative strategies for digital banking.Design/Methodology/Approach: The research examines the financial performance of nine banks (four digital banks and five traditional banks) from 2019 to 2022. The performance metrics include liquidity ratio (Loan-to-Deposit Ratio, LDR), solvency ratio (Equity-to-Asset Ratio, EAR), profitability ratios (Net Interest Margin, NIM, and Return on Assets, ROA), and activity ratio (Total Asset Turnover, TATO). Data were collected online from the Financial Services Authority website, and the analysis was conducted using descriptive statistics, parametric tests (Paired Samples t-Test), and non-parametric tests (Mann-Whitney U Test).Findings/Results: The study finds that after transitioning to digital banks, there is a significant increase in the solvency ratio (EAR) but a notable decline in profitability (ROA) and activity (TATO). Compared to traditional banks, digital banks exhibit lower LDR and ROA but higher EAR and NIM.Conclusion: The study highlights key financial performance aspects associated with digital bank transformation. The findings suggest that enhancing financial performance requires improving liquidity, solvency, profitability, and activity ratios. Strategies include engaging with the digital ecosystem, acquiring new customers through innovation, consumer-focused financing, and strengthening core capital.Originality/Value (State of the Art): This research uniquely applies multiple financial performance parameters to compare digital banks before transformation with traditional banks in Indonesia. It identifies potential strategies to address challenges faced by digital banks, enhancing academic understanding and offering practical solutions to improve their financial performance. Keywords: digital bank, digital transformation, financial performance, traditional bank
Strategy For Fresh Fruit and Vegetable Suppliers: A Case Study of Botani Fresh Mart Kamilia, Ghina; Indrawan, Dikky; Zulbainarni, Nimmi
Jurnal Manajemen dan Agribisnis Vol. 22 No. 1 (2025): JMA, Vol. 22 No. 1, March 2025
Publisher : School of Business, Bogor Agricultural University (SB-IPB)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.17358/jma.22.1.16

Abstract

Background: West Java's Gross Regional Domestic Product (GRDP) growth rate for the agricultural sector, including the horticulture subsector, exhibited positive values in 2021 and 2022, while several other sectors demonstrated negative growth. However, this trend does not align with the observed conditions at Botani Fresh Mart, namely a decline in sales when the sector’s conditions improved.Purpose: This study aimed to identify the factors influencing fresh vegetable and fruit suppliers and propose recommendations for a suitable business strategy based on this analysis. Design/methodology/approach: This research demonstrates that multiple methodologies can be employed to formulate appropriate strategies for agricultural enterprises, including PESTEL analysis, Porter's Five Forces Model, Structure-Conduct-Performance Concept, Value Chain Analysis, VRIO Framework, IFE and EFE Matrix, IE Matrix, and Analytical Hierarchy Process-SWOT (A'WOT). Findings/result: Internal factors that have a strong influence as strengths are the label inclusion and the ability to plan shipping quotas as weaknesses. The most vital external opportunity factors are (1) government support in opening market access for farmers, (2) increasing vegetable consumption in Indonesia, (3) good horticultural practice regulations, and (4) the number of farmers as potential suppliers. The most vital external threat factor is the conversion of agricultural land. Formulating alternative strategies produced 13 strategies with the priority strategy of increasing the number of partner farmers to ensure product supply.Conclusion: Based on external and internal factors, formulating alternative strategies resulted in 13 strategies. Although the primary priority strategy that can be implemented based on these factors is to increase the number of partner farmers meeting specific criteria, thereby enabling the company to meet market demand, the implementation of other strategies is necessary to enhance the company's performance and support future business growth.Originality/value (State of the art): While the market for fresh produce is growing, Botani Fresh Mart is experiencing a decline in sales. This research aims to develop a customized business strategy for Botani Fresh Mart's unique situation. The proposed approach takes into account both general and industry-specific external factors, as well as internal aspects identified through value chain analysis and the VRIO framework. This comprehensive method ensures that the resulting strategy not only addresses current market and industry trends but also aligns with Botani Fresh Mart's particular strengths and weaknesses. Keywords: A’WOT, business strategy, external environment, fresh produce, internal environment
The Effect of Government Policy on Infrastructure Priorities on the Profitability of Construction Companies in Indonesia 2011-2019 Rifai, Ahmad; Irawan, Tony; Indrawan, Dikky
Journal of Indonesian Economy and Business Vol 39 No 3 (2024): September
Publisher : Faculty of Economics and Business, Universitas Gadjah Mada

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.22146/jieb.v39i3.4369

Abstract

Introduction/Main Objective: The Indonesian government's policy of prioritizing the acceleration in infrastructure development will certainly have an impact on construction companies. Background of the Problem: This research aims to determine the influence of internal and external company factors on the profitability of companies in the building construction subsector. Novelty: This research analyzes the impact of increasing the government's infrastructure budget on the profitability of building construction subsector companies. Research Method: This research uses panel data regression analysis with annual financial report data from building construction subsector companies listed on the Indonesia Stock Exchange for the period from 2011 to 2019, which is divided into the period before the infrastructure sector became the focus of development (2011 to 2014) and after (2015 to 2019). Profitability is measured using the return on assets. The external factors are measured using the infrastructure budget and inflation, while the internal factors are measured using company size, liquidity, leverage, cash turnover, working capital turnover and receivables turnover. Findings/Results: This research concludes that the infrastructure budget, company size, and liquidity do not have a significant positive effect on company profitability, while inflation does not have a significant negative effect on profitability. Furthermore, cash turnover, working capital turnover, and account receivable turnover have a significant positive effect on profitability, while leverage has a significant negative effect on profitability. Conclusion: This research shows that companies should periodically review the impact of loans and always maintain the composition of their funding, according to their needs. Meanwhile, the government needs to evaluate the auction process, and sharpen its alternative infrastructure project funding strategies.
Future Prediction of Foot-And-Mouth Disease (FMD): An Industrial Perspective Pahlevi, Muhamad Reza; Indrawan, Dikky; Basri, Chaerul
Eduvest - Journal of Universal Studies Vol. 4 No. 12 (2024): Journal Eduvest - Journal of Universal Studies
Publisher : Green Publisher Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59188/eduvest.v4i12.41803

Abstract

The global livestock industry is significantly threatened by foot-and-mouth disease (FMD). The re-emergence of FMD outbreaks in Indonesia is one example of the epidemiological cycle in a region. This study aimed to analyze the future industry of foot-and-mouth disease. This qualitative study used a secondary data processing that includes the collection, analysis, and interpretation of information to identify trends, challenges, and opportunities that may emerge by using the foresight industry analysis approach and the Generic Foresight Process (GFP) stage framework. Industry foresight analysis identified changing trends of technological, regulatory, geopolitical, demographic, and lifestyle. Several possibilities were identified through the GFP framework, which was conducted by identifying several possibilities based on looking and analyzing what is happening, what is really happening, what might happen in the future, what we would like to happen, and what we might need to do. The results of the industry foresight analysis showed that an FMD vaccine was essential for farmers to open international market access and as a sustainable disease control strategy. The technology aspect played a vital role as the key to competition in the industry in the future. The industry will compete to create an FMD vaccine that best suits the existing market challenges. The results of the GFP framework analysis showed that eradicating FMD worldwide still requires a long and extensive process and is predicted to continue until 2050.
The value chain-based on competitiveness strategy for improvement strategy on prefab products Elistioko, Dwi Nugraha Anton; Anggraeni, Elisa; Indrawan, Dikky
Indonesian Journal of Multidisciplinary Science Vol. 3 No. 2 (2023): Indonesian Journal of Multidisciplinary Science
Publisher : International Journal Labs

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55324/ijoms.v3i2.738

Abstract

Prefab building construction is chosen because the construction process is faster than conventional buildings, especially in emergency situations such as the COVID pandemic. The main problem at PT XYZ in selling prefabs is the price. The price components that affect the high price are COGS prefab, expedition cost, insurance cost and installation cost. This problem needs to be evaluated starting from production costs, supply chain to installation costs in order to provide a price quote that can be below the ceiling price of the buyer or owner, which is what the research attempted to discuss. Referring to these problems, in this research the authors used a descriptive method, a case study approach with data processing and analysis techniques consisting of descriptive analysis of the company and analysis of the company's internal and external environment. The analysis, which is used to formulate strategies and the process of using them, is Value Chain analysis, SAP-LAP Analysis, and Analytic Hierarchy Process (AHP). This analysis is interrelated in determining the weight on the Analytic Hierarchy Process (AHP), Hierarchy to determine Strategies to improve Competitiveness Based on Value Chain on Prefab Products. The highest weight value is Improving Product Quality with a weight value of 0.433. What is meant by improving product quality is meeting quality standards. This product quality improvement starts from the quality of the vendor's product materials, the production process in the factory, the handling process during the manufacturing process, and the quality of the product.
Performance Management Model of Sustainable Safe Production at Deep Mill Level Zone PT. Freeport Indonesia Tanoto, Eko Wahyu; Syarief, Rizal; Indrawan, Dikky
Jurnal Aplikasi Bisnis dan Manajemen Vol. 8 No. 1 (2022): JABM Vol. 8 No. 1, Januari 2022
Publisher : School of Business, Bogor Agricultural University (SB-IPB)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.17358/jabm.8.1.1

Abstract

One of the mine expansions that is expected to accelerate the production rate of PT Freeport Indonesia is the Deep Mill Level Zone (DMLZ) mine. The block caving mining method used at the DMLZ mine results in higher productivity levels at lower operating costs but requires ongoing equipment maintenance. This research aims to describe the factors and criteria that determine the production process, find a performance management model, and find the right strategic priorities to increase productivity at DMLZ mine. We analysed the condition of the maintenance management system at the DMLZ mine to find solutions and strategies so that equipment maintenance could be managed effectively. Sustainable Safe Production performance management is developed based on the Balanced Scorecard (BSC) approach combined with the Analytical Network Process (ANP), which is expected to determine the priority of solutions and strategies based on predetermined criteria and indicators. This performance management model considers six perspectives: finance, customers, production, safety, internal business processes, and learning and growth processes as benchmarks in measuring performance. We explained the determination of priority strategies that can be done to achieve three goals in sustainable safe production management: achieving production targets, safe and healthy mining processes, and achieving operational cost-effectiveness. Keywords: analytical network process (ANP), balanced scorecard (BSC), performance management, safe production, sustainable production
Electricity Supply Strategy for PT Freeport Indonesia’s Production Expansion Hartanto, Ardi; Syarief, Rizal; Indrawan, Dikky
Jurnal Aplikasi Bisnis dan Manajemen Vol. 8 No. 1 (2022): JABM Vol. 8 No. 1, Januari 2022
Publisher : School of Business, Bogor Agricultural University (SB-IPB)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.17358/jabm.8.1.66

Abstract

PT Freeport Indonesia (PTFI) plans to build a new power generation facility in the face of production expansion, especially underground mine and mill optimization, which has an impact on increasing the demand for electricity up to 374.8 MW. The selection of the right type of power plant, will greatly determine the continuity of the electricity supply operation. There are many things to consider, making it difficult for companies to determine the type of new power plant. Therefore, this study aims to (1) determine the most important factors to consider in the construction of PTFI's new power plant; (2) provide recommendations for the choice of the best type of new power plant for PTFI. This study uses the method of literature review, expert interviews and questionnaires, which are processed using the Analytical Hierarchy Process (AHP) method. The results of the study indicate that conformity with the existing power generation facilities and support from government policies are the most important factors and sub-factors that must be considered by PTFI in the construction of new power plants in the Special Mining Business License (IUPK) area. The recommended type of new power plant is the Dual Fuel Power Plant (DFPP). Keywords: analytical hierarchy process, consideration factors, electricity supply strategy, power generation, production expansion
Choosing Herbal Toothpaste: Study on Consumer Behavior and Preferences in The Greater Jakarta Area Septiani, Stevia; Indrawan, Dikky; Arista, Galih Saputra; Rakhmat, Asep; W Sari, Yessie; A Nuzulia, Nur; T Wahyuni, Wulan
Jurnal Aplikasi Bisnis dan Manajemen Vol. 8 No. 3 (2022): JABM Vol. 8 No. 3, September 2022
Publisher : School of Business, Bogor Agricultural University (SB-IPB)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.17358/jabm.8.3.758

Abstract

The research aims are investigating consumers’ psychology and behavioral characteristics and investigating the consumer’s characteristics that affects experienced preferences in the Greater Jakarta Area. Consumer profile and consumer behavior were carried out using descriptive statistics analysis and cross tabulation analysis. Meanwhile, to measure consumer preferences for herbal toothpastes, logistic regression analysis (logit) was used. This survey was conducted on 459 respondents in the Greater Jakarta area. The results of the analysis show that in general the customers of toothpaste products are women aged 25-44 years and have more than 3 family members. The majority of customers are well educated segments, work as private workers and belong to the SES A group. Based on cross tab analysis, it is known that gender (p value = 0.037) and age (p value = 0.025) have a significant correlation in choosing herbal toothpaste. These results were confirmed in the logit analysis where women prefer herbal toothpastes than men. Based on consumer psychological factors, most customers believe in buying toothpaste at offline stores, except for those who are under 30 years old. However, for consumers who live in DKI Jakarta, they prefer to buy toothpaste through online channels compared to those who live outside DKI Jakarta. Keywords: consumer behavior, consumer profile, herbal toothpastes, logistic regression
Charting Sustainability: Triple Bottom Line (TBL) Analysis in The Palm Oil Supply Chain Landscape Adwiyah, Rabiatul; Syaukat, Yusman; Mulyati, Heti; Indrawan, Dikky
Jurnal Manajemen dan Agribisnis Vol. 22 No. 2 (2025): JMA Vol. 22 No. 2, July 2025
Publisher : School of Business, Bogor Agricultural University (SB-IPB)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.17358/jma.22.2.192

Abstract

Background: The industrial sector depends on a sustainable supply chain, which requires an organization to integrate (trade off) social, technological, economic, and environmental factors. One industry that applies the triple bottom line concept is palm oil. The palm oil industry is believed to have two drawbacks: harm to the environment, and social welfare. Sustainable supply chains have the potential to increase social welfare, reduce environmental impact, and increase profitability.  Purpose:  This study aims to enhance the understanding and implementation of sustainability in the palm oil supply  chain through three key objectives: (1) mapping current sustainability practices and performance across all supply chain actors; (2) analyzing limitations and inconsistencies in existing sustainability measurement methods, particularly in addressing the Triple Bottom Line (TBL) dimensions; and (3) developing standardized, practical, and theoretically grounded Key Performance Indicators (KPIs) to support consistent and transparent sustainability evaluation. Design/methodology/approach: The Matrix of Crossed Impact Multiplications Applied to a Classification (MICMAC) method was employed. This approach makes the strength of the correlation between the variables and secret to a more methodical and targeted solution more evident. Data were collected through surveys and in-depth interviews with 16 respondents, including managers, sustainability officers, and operational staff, across the palm oil supply chain. The research was conducted between August and December 2023 in North Sumatra, Indonesia, specifically in PTPN III and the Sei Mangkei Special Economic Zone (KEK Sei Mangkei).Conclusion: Based on the Matrix of Direct Influences (MDI) and the Matrix of Indirect Influences (MII), important variables significantly affect other variables. A MICMAC analysis was conducted to determine the critical elements in the sustainability of the palm oil industry supply chain. This analysis serves as the basis for the variables of industrial productivity, financial performance, access to price information, level of industry employee education, and availability of infrastructure.Originality/value (State of the art):  This study employs the Matrix of Crossed Impact Multiplications Applied to a Classification (MICMAC) method to identify key triple bottom-line indicators for implementing sustainable supply chains. Because Many sustainability studies focus on descriptive analysis or case comparisons, few apply a modeling approach that shows inter-variable influence and causal mapping, which enhances strategic decision making and improves the practical applicability of sustainability frameworks. Keywords: MICMAC method, sustainability, supply chain, palm industry
Rich Picture Analysis of MRT Jakarta Transit-Oriented Development (TOD) Business Ecosystem Ardiansyah, Zulfadli; Marimin, Marimin; Indrawan, Dikky; Yurianto, Yurianto
Aptisi Transactions On Technopreneurship (ATT) Vol 7 No 2 (2025): July
Publisher : Pandawan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.34306/att.v7i2.601

Abstract

Transit-oriented development (TOD) aims to create added value by optimizing regions around transportation hubs. It emphasizes the integration of mass transit systems with non-motorized transport while reducing the use of motor vehicles through the development of dense, mixed-use areas. This research examines the role of MRT Jakarta Co. in building a business ecosystem that supports TOD area creation. The objective is to identify key stakeholders and strategies that influence TOD implementation. This research uses Soft System Methodology (SSM), with data collected from seven MRT Jakarta Co. employees and expert interviews. Rich Picture analysis is used to visualize the interactions and challenges in the system. The results show that collaboration among MRT Jakarta Co., developers, government, associations, and landowners is essential. Barriers include regulatory limitations, inconsistent policies, and funding constraints. The Rich Picture reveals a complex structure of roles, norms, and power dynamics that shape TOD success. The research concludes that regulatory support, stakeholder engagement, and clear coordination mechanisms are critical for effective TOD development. These findings can guide policymakers and urban planners in enhancing transit-based city planning.