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Scenarion Planning Development of PT. Krakatau Posco Siregar, Lukman; Sunitiyoso, Yos
The Indonesian Journal of Business Administration Vol 8, No 2 (2019)
Publisher : The Indonesian Journal of Business Administration

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Abstract

Abstract - Steel industry is an industry that has lots of uncertain factors. Some of uncertain factors that give impact to the steel industry are demand volatility, continuous overcapacity, and increased volatility in raw material prices. Rising trade tension and volatile currency movement are further increasing the uncertainty. Krakatau Posco, as one of the major steel producers in Indonesia is playing an important role in the success of the country’s national plan to reduce dependency on the steel imports in the future. Therefore, Krakatau Posco needs a comprehensive strategy formulation process based on the long-run understanding of the future. This final assignment is focused on the developing of a scenario planning as a vision and insight for Krakatau Posco’s decision maker to challenge the current thinking about the long-term strategy agenda of the company. As the result finding, raw material prices and government support become the most two critical and uncertain factors for Krakatau Posco to consider in the long run. These two factors create scenario matrix and form four plausible scenarios, they are Raw Material Chaotic, Steel Survival, The Lobbying, and Steel is King. Implication and options from each scenario are explored to identify alternative strategies. Furthermore, early warning signals are identified to address the movement of current condition toward one scenario or another. As the conclusion of this research, three strategic imperatives are defined as. They are long-term contract of raw material supply, creation of government relationship task force, and expansion of raw material storage capacity. Keywords : Steel Industry, Scenario Planning, Strategic Decision Making, Krakatau Posco
THE PRINCIPLE OF HONESTY IN THE FIRE INSURANCE AGREEMENT IN INDONESIA IN REALIZING A LEGAL BALANCE FOR THE PARTIES SIREGAR, LUKMAN
Awang Long Law Review Vol. 1 No. 2 (2019): Awang Long Law Review
Publisher : Sekolah Tinggi Ilmu Hukum Awang Long

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (436.538 KB) | DOI: 10.56301/awl.v1i2.63

Abstract

Insurance under the Law of the Republic of Indonesia Number 2 of 1992 concerning Insurance Business Chapter 1, Article 1: "Insurance or Coverage is an agreement between two or more parties, whereby the insurer binds itself to the insured by accepting the insurance premium, to provide reimbursement to the insured due to loss, damage or loss of expected profits, or legal liability to third parties who may be subject to the insured, arising from an uncertain event, or to provide a payment based on the death or life of an insured person. Indonesian Civil Code (Civil Code) Article 1338 paragraph (3), only mention that all contracts are carried out in good faith. No further explanation what is meant by the good faith. Even if there iws a provision that tries to define goodwill, but the definition is also causing confusion, therefore, to be able to understand the meaning of good faith more clearly must be seen in the interpretation of good faith in judicial practice. The problem is how to apply the principle of honesty in the fire and reinsurance insurance agreement and its impact on the insurance company and the insured? How can the insured sue the reinsurance company in fire insurance for the loss suffered? and How are dispute settlements arising from honesty not exercised by the parties in fire insurance agreements? The research in this Dissertation is to illustrate Law Science and the normative aspect, is a practical science, focusing attention to assess the application of norms that exist in positive law about the principle of honesty which is one of the principles in the insurance law which is very important in the insurance agreement. The result of the research is the implementation of the principle of honesty in the fire insurance and reinsurance agreement is an absolute thing done. The Fire Insurance Agreement, as is the case with the treaty in general, is subject to 4 (four) important principles for the validity of an agreement under the Civil Code, the principle of freedom of contract, the principle of consesualism, the principle of pacta sunt servanda, the principle of good faith and the personality principle.