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INDONESIA
Journal of Business and Management
Published by Institut Teknologi Bandung
ISSN : 22523898     EISSN : 22523308     DOI : -
Core Subject : Science,
Decision Sciences, Operations Research & Management
Journal of Business and Management (JBM)is an online journal that is published three times a year. It publishes research papers that give rigorous theoretical and practical insight of business and managament. JBM aims to provide a forum for the dissemination of theory application and research in all areas of business and management, including but are not limited to marketing, business strategy, decision science and decision-making, strategic negotiation, finance, business risk, knowledge management, human capital management, technology management, entrepreneurship, and others relevant subjects. It is intended for researchers, students, business practitioners, and entrepreneurs to publish their ideas and experiences, and share their knowledge on business and management issues.
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Articles 11 Documents
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Search results for , issue "Vol 3, No 3 (2014)" : 11 Documents clear
Gas Station Competitive Intensity in Jakarta: A Customer Perspective Fatonny, Ardicho Rahman; Aprianingsih, Atik
Journal of Business and Management Vol 3, No 3 (2014)
Publisher : Journal of Business and Management

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Abstract

The competition of vehicle fuel retail industry will rise due to Indonesian government’s plan to reduce fuel subsidy. The plans are to allow the consumption of subsidized fuel only for the actual subsidy target. Currently, those who do not belong to subsidy target are still allowed to consume the subsidized fuel. This can be seen that seventy-seven percent (77%) of subsidized vehicle fuel are consumed by the middle-high class. When the plan is implemented, the middle-high class who used to consume subsidized target due to the price will have to consume non-subsidized fuel. They will have wider option since Pertamina is not the only company that sells non-subsidized fuel. Therefore, Pertamina will face a tighter competition with Shell and Total. Thus, Pertamina has to set strategy to win the future competition. This research has purpose to investigate the consumer perception toward three gas station companies in Jakarta, which are Pertamina, Shell, and Total. The methods used are gap analysis and multidimensional scaling (MDS) which is then used to build a perceptual map. The population is the amount of personal car in Jakarta, which is 2,742,414. The minimum sampling size is 100 people and the author took sample of 125. For data collecting, the author used questionnaire that consist of questions about each gas station performance toward several attributes, which are extracted from the 7P marketing mix. The result shows that Pertamina has strong perception on fuel price, access, facilities, accuracy, and advertising attributes. Shell has a strong perception on capacity, sales program, personnel appearance, personnel performance, and comfort attributes. Total has strong perception on fuel quality and cleanness attributes. Pertamina need to do some improvement on the attributes that belong to preferred attribute such as, consecutively, fuel quality, comfort, cleanness, personnel appearance, personnel performance and comfort.Keywords: gas station, fuel retail, Jakarta, competition, MDS, gap analysis, perceptual map, consumer perception.
Corporate Social Responsibility HSBC Case Study: Ciwidey Pintar Putridita, Bunga Mentari; Rudito, Bambang
Journal of Business and Management Vol 3, No 3 (2014)
Publisher : Journal of Business and Management

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Abstract

Indonesia is the biggest country in Southeast Asia, unfortunately It has not been able to be the representative for other countries in the economy and education sector, it also fails to have the prosperity which is evenly distributed for all society. Therefore, Indonesia is still categorized as developing country. This not-well-distributed prosperity creates any gap in social life for example there are still many children who live in remote area cannot get the access of having the education as they should be. To remove the gap, the numerous programs have been arranged by the government, one of them is the supervision to the social program of the company. At this final assignment project, the author wants to evaluate Ciwidey Pintar program which is Corporate Social Responsibility program of HSBC Bank. It aims to bear future generations through formal and informal education and answer the problem explained above.The objective of this final assignment is to know more deeply about the program of the society development of HSBC called Ciwidey Pintar. In addition, it aims to analyze the impacts of whether the target is achieved or not. The author will analyze the relationship among the involved parties in holding the program to get success result. To achieve the objectives above, the author uses some theories such community development, corporate social responsibility, program ofsociety empowerment, and sustained business theories. Besides, to get the project result, the author uses a research methodology; design of problem identifications; data collection; data analysis; and the conclusion. The result is Ciwidey Pintar. It has given a big contribution in developing education in one of the remote areas; also it brings the success of the internal part of the company for the employee’s participation at this program. The problem is only about the program activity that totally does not show the empowerment spirit. For the first recommendation, they need to focus on two program impacts, social and environment. The program is adjusted with the environment condition to make use of its society.Keywords: corporate social resposibility, ciwidey pintar, community empowerment, case study.
Financial Performance Analysis of PT Astra Agro Estari and Company Value Estimation Puspoyo, Ajianto; Sukarno, Subiakto
Journal of Business and Management Vol 3, No 3 (2014)
Publisher : Journal of Business and Management

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Abstract

Palm oil is the world’s most consumed and produced vegetable oil. Southeast Asia region supplies 89.97% of global Crude Palm Oil (CPO) demand, Indonesia is the world’s leader of CPO supplier that own about 53.7% global market. The CPO production and export is also became one of the most influencing commodity in Indonesian trading balance. The financial performance of PT Astra Agro Lestari as Indonesian leading palm oil company will be compared with the palm oil companies with the highest market capitalization in Southeast Asia region. The company valuation also performed to estimate the value of PT Astra Agro Lestari. The method that is used to perform those analyses is the financial ratios comparison with trend analysis, cross-section analysis, common size financial statement, DuPont analysis, and the compound annual growth rate comparison. Then, the valuation method used to value the company is the discounted cash flow (DCF) model, market approach, and asset-based approach. The result of this research, addressed to elevate the company performance of PT Astra Agro Lestari in order to improve the competitiveness in global palm oil competition. The overall financial performance of PT Astra Agro Lestari actually left behind Univanich Palm Oil regardless the business scale difference. PT Astra Agro Lestari continuously lost its business efficiency from 2009 to 2013. The result itself shows that PT Astra Agro Lestari would perform better in the future if the company looking back to export opportunity in increasing global CPO price in upcoming years. PT Astra Agro Lestari also should make its operational more efficient and increase the productivity to make the financial performance better. Two out of three company valuation methods indicates that the share price of PT Astra Agro Lestari is underpriced in the market, thus, PT Astra Agro Lestari shares are prospective in the future.Keywords: Financial performance comparison, Crude Palm Oil (CPO), financial ratios, DuPont analysis, company valuation, discounted cash flow valuation.
Financial Performance Review of ESSO Malaysia BERHAD in Comparison to the Other EXXONMobil's Downstream Subsidiary ESSO Thailand Pratama, Arief Rahman; Noveria, Ana
Journal of Business and Management Vol 3, No 3 (2014)
Publisher : Journal of Business and Management

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Abstract

In this research, Researcher analyze about the past financial condition of Esso Malaysia Berhad, as the latest issue of ExxonMobil downstream divestiture, in comparison with another ExxonMobil downstream in Asia, which is Esso Thailand. Researcher interest in assess the financial performance of Esso Malaysia Berhad before Esso Malaysia Berhad Divested in August 2011. Researcher wants to analyze the performance in according to the divestiture issues. ExxonMobil stated that Esso Malaysia Berhad had a continuous decline financial performance, and as the ExxonMobil downstream subsidiary, Esso Malaysia Berhad Contribute less than the other ExxonMobil Downstream industries. In assessing the financial performance of Esso Malaysia Berhad, researcher will use several methods which are time-series analysis (Compound Annual Growth Rate), cross-sectional analysis, common-size financial statement analysis, and DuPont system of Analysis. In overall, unfortunately Esso Malaysia Berhad has better performance than Esso Thailand in terms of financial ratios analysis, Compound Annual Growth Rate Comparison, cross-sectional analysis and DuPont system of analysis. Whereas, both Esso Malaysia Berhad and Esso Thailand have a similar performance in terms of common-size financial statement.Keywords: financial performance review, CAGR, financial ratios, divestiture, Oil and Gas industry, Downstream Industry
(Don't) Keep Your Nose Out of my Business: an Experimental Study on the Efficacy of Scent Marketing in Retail Envronment Tierandha, Aliekha; Iskandar, Budi Permadi
Journal of Business and Management Vol 3, No 3 (2014)
Publisher : Journal of Business and Management

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Abstract

Our senses are frequently bombarded by a wide array of distinguished atmospheric cues anytime we go into a marketplace. Now, marketers venture to signaling invitation through a relatively unexplored sense, the sense of smell. Does the idea make scents? This study aims to investigate whether using ambient scent in a retail setting is actually prolific by observing its effect on the number of shoppers visiting the store. A single-case experiment on a local female fashion store was conducted. The findings suggest that ambient scent does not influence the number of the store’s shoppers.Keywords: ambient scent, scent marketing, sense of smell, shopper behaviour, retail
Strategic Formulation for Small Business Development Aganti, Auda; Diah Indriani, Mia Tantri
Journal of Business and Management Vol 3, No 3 (2014)
Publisher : Journal of Business and Management

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Abstract

Every business journey, heve to face certain condition to be able to get into the seattlement stage and became a sustainable business. For small business, there are a lot more obstacle to obtained the sustainable business. Due to the lack of resources, and a minimal operational system make the small business sometimes not be able to move into the next stage and potentially cause a bankrupcy if they can not overcome the obstacle. Problem in Soto Bening Bu Anik is used as the case study of this research. The root cause analysis showed that the main problem were : the business can not move into the next stage of the business growth and development., due to the lack of operation and managerial system in the business. The possible solution that have been made are : apply the corporate and functional strategies to be implement in the original store, and prepare for opening the new branch to increase the sales. Purposed solutions were examined through analysis based on internal and external situation of the business which combined the STP and SWOT analysis compare to the competitor analysis.Keywords: Small Business Development, Small Business Growth, Culinary Industry, Strategic Management
The Effect of Next Profit Margin, Price to Book Value and Debt to Equity Ratio to stock Return in the Indonesian Consumer Goods Sector Dita, Amalia Husna; Murtaqi, Isrochmani
Journal of Business and Management Vol 3, No 3 (2014)
Publisher : Journal of Business and Management

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Abstract

In the recent years, stocks have become one of the most chosen investments in Indonesia. One of the most interesting sectors for investors is the consumer goods sector, for this sector managed to survive during the crisis and negative sentiments in Indonesian stocks market. Having the fact that the consumer goods sector is promising, investors would like to know the return of shares in this sector. One of the parameter that can be used to project the stock return is ratio from financial statement. This research is conducted to find out the relationship between net profit margin, price to book value, and debt-equity ratios with stocks return in the Indonesian consumer goods industry. The samples in this research are the consumer goods companies listed in Indonesia Stock Exchange during the period of 2009 – 2013. The multiple linear regression analysis is chosen as the method to analyze it. Results shown that the net profit margin, price to book value, and debt equity ratio have significant effects towards stocks return. Two of them, which are net profit margin and debt equity ratio have the positive significant impacts to the stocks return, while the price to book value has a significantly negative relationship to stocks return. Results also show that the R-square of the variable values 54.9%. NPM gives the most significant influence to the stocks return, followed by the PBV, and the last one is the DER.Keywords: Net profit margin, price to book value, debt to equity, stock return, multiple linear regression.
The Influence of Organizational values Toward Vision Achievement: case Study at SBM ITB Tanzil, Belinda; Bangun, Yuni Ros
Journal of Business and Management Vol 3, No 3 (2014)
Publisher : Journal of Business and Management

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Abstract

A common response to globalization in most institutions is to become a world-class institution. SBM-ITB is one of the institutions that has a vision to be a world-class institution that inspires and develops new leaders with entrepreneurial spirit. One way to achive the vision is to conduct the values of an organization. This research aims to find out the influence of organizational values toward vision achievement in SBM-ITB. The models of organizational values and vision achievement are based on data from SBM-ITB’s website. The independent variable in this research is the organizational values, while the dependent variable is the vision achievement. The data retrieval is done by spreading the questionnaire and then processing it using the multiple linear regression analysis. The multiple linear regression analysis is used to find the relationship between the organizational values and the vision achievement. In data processing, the assumptions to fulfill the requirements of multiple linear regression is also tested. The findings of this research conclude that organizational values variable consisting of trust, excellence, harmony, integrity, and innovativeness simultaneously (together) and significantly influence on the vision achievement for academic, and non-academic employees. This is evidenced by the result of the F-test with significance probability below 0.05. The organizational value individually that has positive and significant influence toward the vision achievement are innovativeness and trust (for academic employees), harmony (for non-academic employees). This is evidenced by the result of the T-test with significance probability below 0.05.Keywords: organizational values, vision achievement, multiple linear regression
Analysis Busines of Iodized salt SMEs in Cirebon District Hamid, Amellia Adani; Aldianto, Leo
Journal of Business and Management Vol 3, No 3 (2014)
Publisher : Journal of Business and Management

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Abstract

Cirebon Regency is the largest potential area in West Java to producing salt that attracts high interest of Small Medium Enterprise (SME). But unfortunately there are still a lot of iodized salt SMEs in Cirebon Regency experiencing difficulties in running the business. This research aim to identifying the main problems that may face by those SMEs, then will analyze by using theories of business and management in general perspective in order to provide alternative solutions and recommendations that can help developing the SMEs. This research use interview and observation as methods of primary data gathering. Interview and observation focus on 4 iodized salt SMEs in Cirebon Regency that each of them come from several villages and districts. These SMEs are expected represent the iodized salt SMEs in Cirebon Regency overall. From the results of data collection, researchers determined there are 5 common problems as follows: (1) difficulties in marketing the product, (2) difficulty in recruiting and attract employees to work with (3) no standard operating procedures that are held in the use of methods and technologies of producing iodized salt, (4) difficulty in getting supplies of iodine (5) and SNI certificate is considered expensive by most SMEs. The result analysis shows that iodized salt SMEs have uses methods and technologies according to the standard required from Indonesia Ministry of industry, the largest market demand for iodized salt are come from traditional market, grocery, and packaging market, while the scarcity of iodized content can be got alternatively by import from GAIN-UNICEF recommendation. Responding to the expensive cost of SNI problem, researcher doing financial analysis to calculate the investment analysis of the SNI certificate registration by taking sample 2 respondents of the 4 SMEs, the result obtained that each of them has NPV>0 it means their business which including the cost of SNI still deserve to be ran and developed even the payback period can be gained in the first year.Keyword: Iodized Salt SMEs, Cirebon Regency, Iodine, Marketing Strategies, Investment Analysis, Methods and Technologies, Compensation
Hard Currency Prices and Industrial Equity market Indices: Impact Study in Indonesia Stock Exchange Pasaribu, Benhard Martin; Nugroho, Anggoro Budi
Journal of Business and Management Vol 3, No 3 (2014)
Publisher : Journal of Business and Management

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Abstract

An exchange rate is the rate where a currency can be exchanged with another currency from different country. For years, people have been tried to find the relationship between exchange rates and stock market. There are some reasons for that, first, it will be a factor to determine decisions about monetary and fiscal policy because exchange rate play vital role in a country’s level of trade. Second, with knowing the relation between both of them, we can predict future’s decision in the stocks market by analyzes the situation of current exchange rates condition in Indonesia. Last, understand the exchange rate-stock market relationship can help the government to mitigate crisis. This paper aims to determine how currency fluctuations affect the business sector through the Industrial index. Currencies that the author uses for this research are 5 Hard Currency, which are US Dollar, Euro, Pound sterling, Japanese Yen, and Australian Dollar. Hard Currency is any currency that is expected to serve as a reliable and stable store of value. For the Industrial Index, author use 10 sectors which are classified in the Indonesian Stock Exchange (IDX). They are agriculture, mining, industrial base and chemical, various industries, consumer goods, property and real estate, infrastructure and utilities, finance, trade, and manufacture.Keywords: Hard Currency, Stock Market, Industrial Indices, Indonesia, and Relation 

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