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The effect of net foreign transactions and foreign ownership on the price of PT Gudang Garam Tbk stock Damai Emanuel; Anton Wachidin Widjaja
Proceeding of the International Conference on Family Business and Entrepreneurship 2022: Proceeding of 6th International Conference on Family Business and Entrepreneurship
Publisher : President University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33021/icfbe.v3i1.3826

Abstract

PT Gudang Garam Tbk (GGRM) is a major cigarette manufacturer in Indonesia. GGRM was listed on the Jakarta and Surabaya Stock Exchanges on August 27, 1990. GGRM has shown resilience throughout the crisis (pandemic covid-19) and delivered positive earnings, but its price has continued to fall from July 2018 to August 2021. During the same period, foreign ownership of GGRM decreased. The decline in foreign ownership was followed by a decline in GGRM's price. The decrease in foreign ownership was the impact of the net foreign sell of GGRM. This study explores the impacts of foreign ownership and net foreign transactions on the price of GGRM and the significance of the two variables on the GGRM price. The study used secondary data available at www.IDX.co.id and www.ksei.co.id for the years 2018-2021. The multiple linear regression method was used to analyze the data. SPSS version 25 was utilized for data processing. The analysis showed that foreign ownership and net foreign transactions had a positive effect on the price of GGRM. However, only foreign ownership affects the price of GGRM stock significantly.
The influence of resource complementary, technology competence and supply chain risk criteria on supply chain collaboration (case study of export import activities in Indonesia) Hally Hanafiah; Anton Wachidin Widjaja
Proceeding of the International Conference on Family Business and Entrepreneurship 2022: Proceeding of 6th International Conference on Family Business and Entrepreneurship
Publisher : President University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33021/icfbe.v3i1.3881

Abstract

The instability and failure of implementing supply chain collaboration in all industries to date remain quite high. The selection of partners is one of the many factors determining the success of the collaboration, which is very limited in the research conducted. So that the influence of partner selection criteria on the success of this collaboration is the background of this research. The notion of work-related motivation and consideration of partners is still a parameter that is often used in previous research. Technological advances and the current business environment conditions that cause supply chain collaboration to be required to process information sharing and share possible risks that occur, the criteria for partner technology competence and partner supply chain risks become additional criteria that determine the success of the collaboration. In addition to examining the dominant partner criteria to improve company performance, this study will also examine the contribution of supply chain collaboration to company performance through collaborative benefits. Descriptive analysis, measurement model, and structural model using Structural Equation Model (SEM) with a scale of 6 Likert used in quantitative research on 151 companies providing export and import services in Indonesia.
The Effect of Network Capability and Organizational Learning Capability on Transformational Leadership in Forming Innovative Work Behavior Mediated by Critical Thinking Skills at PT Bank Bukopin, Tbk. Nina Taniya; Anton Wachidin Widjaja
IDEAS: Journal of Management & Technology Vol 2, No 2 (2022)
Publisher : President University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33021/ideas.v2i2.4352

Abstract

This study aims to examine the effect of network capability and organizational learning capability on transformational leadership in forming innovative work behavior mediated by critical thinking skills. This study used Structural Equation Modeling (SEM) analysis with the AMOS program which involved 115 Branch Managers Regional I-V at PT Bank Bukopin, Tbk. The results of the study prove that Network Capability, Organizational Learning Capability can positively influence Transformational Leadership and mediation of Critical Thinking Skills can positively influence Transformational Leadership to form Innovative Work Behavior. Further research is expected to be able to expand research to other institutions outside banking service institutions, such as the insurance service industry or other sectors that have a wide area coverage.
Evolving Customers Expectations of Japanese Restaurants in a Post-Covid Era: Indonesia Evidence Anthony Cottan; John Purba; Anton Wachidin Widjaja; Rizaldi Parani
FIRM Journal of Management Studies Vol 8, No 1 (2023): FIRM JOURNAL OF MANAGEMENT STUDIES
Publisher : President University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33021/firm.v8i1.4044

Abstract

AbstractThe popularity of Asian restaurants worldwide has been gaining momentum due to various attributes such as food trends, health concerns, and unique Asian flavors. Specifically in Indonesia, Japanese cuisine is booming due to, amongst other things, J-pop, tourism ties, and strong business relations. The 'pause' forced by Covid-19 seems to have created more attention to the healthier elements of Japanese cuisine, like naturally prepared Sushi, and subsequently, post-Covid era. The shifting customer expectations when choosing 'which' Japanese restaurant style is preferred should be understood in greater detail. This research investigates the Japanese restaurant industry in Indonesia through small focus group discussions. It utilizes a phenomenological qualitative technique to capture the lived experiences of consumers within the Indonesian market. While several studies exist to explore the evolving demands of consumers, few of them explore the topic from the view of consumers rather than restaurants or corporations.  The current study examines the topic from the perspectives of customers who currently and frequently visit Japanese restaurants in Indonesia. The study aims to understand better customers' intent to visit one Japanese restaurant versus another, alluding to what marketing approach the business needs to take to meet customer needs in a post-covid era.
SETTLING INTERNAL STRENGTHS AND EXTERNAL DEPENDENCIES: A CONCEPTUAL FRAMEWORK INTEGRATING RDT AND RBV THEORIES FOR ORGANIZATIONAL SURVIVAL Kui, Daniel Ong Kim; Widjaja, Anton Wachidin; Pramono, Rudy
Milestone: Journal of Strategic Management Vol. 4 No 2 September 2024
Publisher : Universitas Pelita Harapan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.19166/ms.v4i2.8745

Abstract

The purpose of this study is to explore the integration of two mainstream theories of strategic management rooted in resource Dependency Theory (RDT) and Resource-Based View (RBV) in utilizing the internal strengths and external dependencies of companies. This study will explore the area of theory integration by using a literature review method that involves the collection, analysis and synthesis of influential publications on both theories, semi-systematic literature review is carried out with narrative analysis techniques. The results of the study provide a conceptual framework in understanding organizational strategy and to gain stability in managing the main sources of competitive advantage and dependency of the organization. Studies of how organizations are leveraging their internal strengths, and external dependencies can reveal improvement trends and under-explored areas in strategic management research. The implications of exploring the integration of these two key perspectives will enhance the prospect of using both theories together in strategic planning, organizational behavior and decision-making, and serve as an integration view for managers to engage in process utilization. Internal forces and external dependencies are rooted in two mainstream theories: Resource Dependency Theory (RDT) and Resource Based View (RBV). This study explores the area of integration of these theories using a literature review method that involves the collection, analysis, and synthesis of existing influential publications from both theories. The implications of this research provide a conceptual framework in understanding organizational strategy and to gain stability in managing the main sources of competitive advantage and dependency of the organization
An Empirical Analysis of Financial Literacy As Mediator For Stock Investment Intention Among University Students Sembel, Jacquelinda Sandra; Widjaja, Anton Wachidin; Antonio, Ferdi
International Journal of Business Studies Vol. 8 No. 1 (2024): International Journal of Business Studies
Publisher : Sekolah Tinggi Manajemen IPMI

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32924/ijbs.v8i1.307

Abstract

The participation of generations Y (millennials) and Z in the stock market is the lowest in terms of capital invested. There is an urgency to involve the young generation in stock investment. Therefore, the aim of this study is to analyze the influencing factors of stock investment intention in university students. Four variables were included: financial literacy, risk tolerance, internal locus of control, and the stock investment intention of university students. The study also examines the mediating role of financial literacy. This quantitative study involved 153 students from a private university in Tangerang, using purposive sampling. Data collection was done using a survey questionnaire, distributed online. Partial Least Square Structural Equation Modeling (PLS-SEM) was used for data analysis. The study discovered internal locus of control is not found to positively influence stock investment intention, but financial literacy and risk tolerance, respectively, have a positive influence on stock investment intention. The study also demonstrated that Internal Locus of Control and Risk Tolerance have a substantial impact on Financial Literacy. Finally, this study confirmed the mediating function of financial literacy in the interaction between Risk tolerance and Stock Investment Intention, as well as between Internal Locus of Control and Stock Investment Intention. Keywords: Stock Investment Intentions, Internal Locus of Control, Risk Tolerance, Financial Literacy, mediation
Comparative Analysis on Technology and Business System in Startups: A Case Study of PT CNC Part Teknika Indonesia and SuperCharge.SG Singapore Purnamasari, Rita; Purwanto, Purwanto; Widjaja, Anton Wachidin; Haryanto, Jony Oktavian
MUKADIMAH: Jurnal Pendidikan, Sejarah, dan Ilmu-ilmu Sosial Vol 9, No 1 (2025)
Publisher : Prodi Pendidikan Sejarah Fakultas Keguruan dan Ilmu Pendidikan Universitas Islam Sumatera

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.30743/mkd.v9i1.9828

Abstract

This research is a report based on the TUM project and based on direct observation in the company. The study compares the innovation strategies of two startups companies operating in the technology sector: Indonesian CNC parts manufacturer PT CNC Part Teknika and Singaporean solar powered electric vehicle charging solution provider SuperChargeSG. Using the McKinsey 7S framework, the study identifies the strengths, weaknesses, and best practices of both companies. The results show significant differences in strategies, structures, systems, and human resources. Singapore companies stand out with proactive and sustainable innovative approaches, while Indonesian companies tend to be more reactive. Based on these findings, the study provides recommendations for Indonesian companies to improve their competitiveness through market diversification, the development of organizational structures, the adoption of advanced technology, and the formation of a strong culture of sustainability innovation.
LEADING THE DIGITAL SHIFT: EXPLORING TRANSFORMATIONAL LEADERSHIP IN MADRASAH REFORMS Herdiaty, Intan Shella; Widjaja, Anton Wachidin
Proceeding of the International Conference on Family Business and Entrepreneurship 2024: PROCEEDING OF 8TH INTERNATIONAL CONFERENCE ON FAMILY BUSINESS AND ENTREPRENEURSHIP
Publisher : President University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33021/icfbe.v0i0.5661

Abstract

This study explores the impact of digital transformation on madrasah reform in Indonesia, focusing on how transformational leadership, collaborative culture, and organizational learning contribute to institutional performance. A mixed-method approach was used, combining quantitative surveys and qualitative interviews with madrasah leaders across Indonesia. The survey examined the relationship between digital transformation and madrasah performance, while the interviews provided insights into leadership and collaboration practices influencing reform. The study finds that digital transformation positively impacts madrasah performance, particularly when supported by transformational leadership and a strong collaborative culture. Transformational leaders play a crucial role in motivating staff to embrace digital tools and fostering a learning-oriented environment. Organizational learning and collaborative practices enhance the success of digital initiatives, ensuring effective reform.The research is limited to madrasahs in Indonesia, focusing primarily on institutional leaders. The findings may not be fully generalizable to other educational systems or cultural contexts. The study contributes to the literature on educational reform by highlighting the importance of digital transformation in Islamic educational institutions. It extends transformational leadership theory by applying it to the context of madrasah reform. Madrasah leaders should foster collaborative cultures to support digital transformation, ensuring that reforms align with both academic and religious goals. This research is one of the few studies examining digital transformation in Islamic educational institutions, offering valuable insights into how leadership and culture drive successful reform.
ADVANCING NATION FOOD SUPPLY THROUGH ACCELERATOR-DRIVEN TECHNOLOGY FOR CONTROLLED ENVIRONMENT AGRICULTURE Pamungkas, Lukas Sangka; Widjaja, Anton Wachidin
Proceeding of the International Conference on Family Business and Entrepreneurship 2024: PROCEEDING OF 8TH INTERNATIONAL CONFERENCE ON FAMILY BUSINESS AND ENTREPRENEURSHIP
Publisher : President University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33021/icfbe.v0i0.5638

Abstract

In this disruption era, ventures must foster the transition of their digital transformation. Digital transformation can be obtained by the entry of the accelerator into the process. Siemens – Advanced Manufacturing Transformation Centre (AMTC) is one of the enterprises in which ventures can move their business operations to a different level, emphasizing vertical and horizontal integration. The AMTC provides investment projects with systematic training programs, the service of consultants, and the industry 4.0 environment. Through involvement in these organizations and utilizing the sandbox environment, ventures can upgrade their talents, expertise, and capacities to accept digital transformation and rope innovation throughout the business segment. It could enable firms to patent the technology and explore new concepts, apart from developing ingenious solutions and driving business development. In their operation, Siemens AMTC has a Digital Enterprise Experience Center (DEX). The client gets to see how the real and digital worlds enable one to design and facilitate a realization of the value chain as an end-to-end process optimized by a perpetuating data flow using DEX. It is important here to state that a real Digital Enterprise must be capable of utilizing the virtually infinite amount of information available to make the right decisions quickly and without doubt as well as deliver top-notch goods through the implementation of lean manufacturing. Not only provide access to industry experts, AMTC also connect the client to hands-on training (transition), access to advance technology training facility, also access to advance manufacturing equipment. There is constant pressure from the global shifts that influence the industrial world such as changes in geo-political climate, technology, markets, and climatic change. The key strategies, therefore, come into play to address such challenges include digitalization and automation. The Digital enterprise is doing exactly this by overcoming the physical space between the real and the digital world. So, with the synchronization of the real world and the digital world, the integration of the design to realization is enabled on one hand, and the constant flow of data is a means of optimization on the other. This is happening in the Artisan Green activity, using the digital twin, they can create uncertainty in their product harvest to become more certainty. Artisan Green successfully implementing Controlled Environment Agriculture (CEA) and working in cooperation with Siemens. The collaboration basic idea is to improve hydroponic operations by connecting an improved Farm Management System via Siemens’ technologies to create parameter for another rack adoption based on the problem that solved by the integrated system. This system represents some principles of CEA, as for example the control of environment and the rational use of resources. This partnership brought a very crucial agriculture revolution in Singapore as a nation with no land for Agriculture yet lacks some essential foods. It aims to achieve the next level of hi-tech, environmentally friendly hydroponic farming and tripling the production rates of energy, yield, and recycling. Modern techniques of farming are under pressure from factors that include population growth and the rise of demand for fresh and healthy food, climate change and fluctuations as well as scarcity of land for farming. Consequently, Singapore has embarked on an aggressive strategy to upgrade the capacity of this sector to supply at least 30 per cent of the country’s nutritional requirements organically by the year 2030. This goal is also part of the Singapore Green Plan 2030 as a plan for developing resilience of the food system in Singapore. The S$30 million grant named “30 by 30 Express” shows the government’s commitment for local food production thus creating favorable conditions for businesses such as Artisan Green. By using this Siemens’ modern technology and experience in automation and digitalization, Artisan Green will have its indoor farms include a modern integrated farm management system, which will increase the utilization of inputs, decreasing a negative impact on the environment. The centralized and vertical farming system implemented at Artisan Green ensures that land is used to optimum potential and thus increases the productivity of the farms thereby also cutting on the use of pesticides and herbicides. This paper explains will explain more about the objectives of digital transformation, the process model, the difficulties, and finally the phase beyond disruption. It concluded that an accelerator could offer co-creation, collaboration, and networking to gain bigger market scalability opportunities for ventures, supported by cutting-edge infrastructure and technology, a sandbox for digital transformation, also skill development/ certification.
CONTROLLED ENVIRONMENT AGRICULTURE SEBAGAI PENDUKUNG KETAHANAN PANGAN DI NEGARA LAHAN TERBATAS Pamungkas, Lukas Sangka; Widjaja, Anton Wachidin
Jurnal Muara Ilmu Ekonomi dan Bisnis Vol. 8 No. 2 (2024): Jurnal Muara Ilmu Ekonomi dan Bisnis
Publisher : Lembaga Penelitian dan Pengabdian Kepada Masyarakat, Universitas Tarumanagara

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24912/jmieb.v8i2.31951

Abstract

Dalam menghadapi urbanisasi yang cepat, pertumbuhan populasi, dan perubahan iklim, negara-negara dengan lahan pertanian terbatas semakin ditantang untuk memastikan ketahanan pangan bagi penduduknya. Pertanian dengan Lingkungan Terkendali (Controlled Environment Agriculture) muncul sebagai solusi transformatif, menawarkan pendekatan yang berkelanjutan dan efisien untuk produksi pangan. Dengan memanfaatkan teknologi canggih seperti hidroponik, aeroponik, dan pertanian vertikal, CEA mengoptimalkan lingkungan pertumbuhan tanaman, memungkinkan produksi tanaman berkualitas tinggi sepanjang tahun, terlepas dari kondisi iklim eksternal. Penelitian ini mengeksplorasi potensi CEA dalam mendukung ketahanan pangan di negara-negara yang kekurangan lahan. Selain itu, penelitian ini menekankan pentingnya transformasi digital dalam pengembangan CEA. Inovasi teknologi digital, seperti alat-alat pertanian presisi, analitik data, dan otomatisasi, tidak hanya meningkatkan hasil panen tetapi juga efisiensi sumber daya dan keberlanjutan. Transformasi digital memungkinkan integrasi sistem cerdas yang dapat mengawasi dan mengoptimalkan proses produksi secara real-time, memanfaatkan Internet of Things (IoT), kecerdasan buatan (AI), dan kembar digital (digital twin) untuk menciptakan lingkungan pertanian yang lebih responsif dan adaptif. Penelitian ini juga membahas manfaat sosial-ekonomi dari CEA, seperti mengurangi ketergantungan pada impor pangan. Dengan menyajikan studi kasus dari Singapura yang telah mengadopsi CEA, penelitian ini menyoroti praktik terbaik dan strategi untuk mengatasi tantangan tersebut. Kesimpulannya, CEA dengan dukungan transformasi digital merupakan komponen penting dalam masa depan pertanian, terutama di wilayah di mana pertanian tradisional sulit dilakukan karena keterbatasan lahan. Melalui investasi strategis dalam CEA dan digitalisasi, negara-negara dapat memperkuat ketahanan pangannya, berkontribusi pada tujuan keberlanjutan global, dan membangun ketahanan terhadap gangguan di rantai pasokan pangan di masa depan.   With increasing population density, rate of urbanization, and climate change, countries with a small and shrinking base of arable land are under pressure to feed their populations. Controlled Environment Agriculture (CEA) is presented as effective method that can revolutionize the principles of farming. CEA use of hydroponics, aeroponics, vertical farming and other high-tech methods that help create a suitable climate that will allow the cultivation of crops all year round irrespective of the climate. This research finding out CEA can help in achieving food security within lack of land nations. Moreover, this paper focuses on the necessity to advance CEA as subject through the practice of digital transformation. Tools like precision farming, data analytics for crop production, and robots for planting and harvesting improve not only the yields but also optimize the use of the resources. Digital transformation can help introduce smart systems that will support production and control processes in near real-time with the help of IoT, AI, and digital twinning to develop more sensitive agricultural environments. This paper also covers other socio-economic effects of CEA including reduction in the importation of food. The research uses case studies in Singapore which for the most part has implemented CEA. In conclusion, CEA is part of agriculture development, especially in the areas where conventional agriculture cannot be effective because of the lack of land. CEA and investment in digitalization remain vital in increasing countries food security and ensure meet international sustainable goals in case of future shocks in the food chain.