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Journal of Business and Management
ISSN : 22523898     EISSN : 22523308     DOI : -
Core Subject : Science,
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 12 Documents
Search results for , issue "Vol 4, No 1 (2015)" : 12 Documents clear
The Fundamental Analysis of Indonesian Stock Return (Case Study: Listed Public Companies in Sub-Sector Food and Beverage for the Period 2003-2012) Khotimah, Khusnul; Murtaqi, Isrochmani
Journal of Business and Management Vol 4, No 1 (2015)
Publisher : Journal of Business and Management

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Abstract. Indonesia stock market which reflected by IHSG grows extraordinary and stable for the last decade with average growth 28.67 % per year. Despite of stable growth of Indonesia economy, not all companies’ performance have similar good condition. Investigation of company’s performance especially fundamental analysis is needed to make sure that the investment is promising and can run for long term. In this investigation, Current Ratio, Book to Market, and Total Asset Turnover are used as fundamental factor affecting stock return. Using multiple regression method, these ratios are analyzed to determine which financial factors affect stock return. The result shows that Current Ratio, Book to Market, and Total Asset Turnover give significant effects to stock return. The relationship of these independent variables with stock return are negative for current ratio but positive for both Book to Market and Total Asset Turnover. This result explains that financial ratio especially Book to Market and Total Asset Turnover are indeed useful in making decision on investment and have same level of interest with other ratios. This research also exposes the possibility of other factors besides company’s financial performance affect the movement of firm’s stock price which lead to stock return. Therefore, the author suggest to conduct further research uses other macro level variables which can influence stock return such as money supply, economic growth (GDP), and inflation. Keywords: Fundamental Analysis, Stock Return, Financial Ratios, Multiple RegressionCategory: Finance
Economical Feasibility Study of SAGARA UPALA Hotel Construction in Pangandaran Rasyid, Adhytia Azhari; Aliludin, Arson
Journal of Business and Management Vol 4, No 1 (2015)
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Abstract- Any investations are hopefully make a positive return in long term or mid term, but it is always have risk when you spend a money for investation.This research aimed to find the investment feasibility of the company project  so the company can make the correct decision for the investment plan. To solve the problem this research calculate the value of Net Present Value (NPV), investment Interest Rate of Return (IRR), the Investment Payback Period (PBP) of the project The object of this research is a hotel construction in Pangandaran beach, Jawa Barat, Indonesia by PT Graha Mitra Properti. The project will stated as feasible if the Net Present Value (NPV) is higher than 0 (NPV>0) and the Interest Rate of Return (IRR) is higher than the rate of return. The lifetime of this project is 30 years. This research will only explain economical feasibility study based on investment, cash inflow and cash outflow and there are several assumption in this research to limit the the scope of the final project. Keywords: B2B marketing, e-commerce, technology acceptance model (TAM), consumer behavior, building material 
Customer Acceptance in Online Marketing Using Technology Acceptance Model. Study case: PT Rajawali Medika Mandiri Nathan, Evan; Fachira, Ira
Journal of Business and Management Vol 4, No 1 (2015)
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Abstract.Selling medical equipment is difficult because its use is specific and thus customer needs to be well informed about this product. This make the market of this product is small. To face the problem, nowadays every Distributor Company needs to spend much money on sales department to selling the product. This also happens in PT Rajawali Medika Mandiri. PT Rajawali Medika Mandiri needs to make efficiency in the time in the convince doctors and purchasing staff to inform the specification of medical equipment and the advantages if they choose PT Rajawali Medika Mandiri’s products. Online website is one of alternative that will help PT Rajawali Medika Mandiri because internet users in Indonesia will growth and it will help provide information for both doctors and purchasing staff. However that will be some factors that can affect the usage of internet. For some people, internet is a new technology. So, PT Rajawali Medika Mandiri needs to know whether customers will use this technology before PT Rajawali Medika Mandiri develops the website. The purpose of this research is to explore whether online marketing can be used as part of sales efforts to inform potential customers about medical equipment. To be able to explore it, TAM is used to identify customers’ perception about online website and how it influence customers’ intention to use it. In using TAM, PT Rajawali Medika Mandiri use eCatalogue website from LKPP as the prototype. The respond of correspondent are good enough to use this as prototype to build PT Rajawali Medika Mandiri’s own website. But, they need to improve more to make the customer more comfort in using the website. Keywords: Marketing, Technology, Online Marketing, Technology Acceptance Model.
Analysis on the Effective Leadership Style and Human Resource management Roles in Operational and Commerce Directorates in PT Kereta Api Indonesia Head Office Based on Organizational Culture Asessment Instrument Waskitadi, Mahatma; Tjakraatmadja, Jann Hidajat
Journal of Business and Management Vol 4, No 1 (2015)
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Abstract. PT KAI had changed the vision to become the railways services provider that focus to customer services and fulfill the stakeholder expectations. The vision were translated in many programs such as the expansion in asset and business units. Every functional of PT KAI also have their own performance targets to reach the company vision.However, the change in their performances targets should be assured to have the sustainable benefit to the company. Empirical research has produced an impressive array of findings demonstrating the importance of culture  to enhancing organizational performance (for reviews, see cameron and ettington, 1988;1990; and trice and beyer, 1993). In this research, the researcher want to analyze the condition of PT KAI in culture perspective. This research could be the refference for PT KAI management to understand the condition of PT KAI culture that currently present and the preffered culture that the employees. With that findings, the researcher could suggest the effective leadership style and human resource management roles for the organizations. The researcher choose commerce and operation directorate as the objects of the research because it was the core function that can support the company growth.The methods which is used in this research is organizational cultural assestment instrument (ocai) which is invented by cameron & quinn (1999). The result of the anaysis would show the tendency of PT KAI’s commerce and operation directorate organizational culture.The result shows that both directorates should emphasize the market and adhocracy cultures.Key words:  Organization, Corporate, Cilture, OCAI, PT KAI.
Job Analysis With Comparation Table Methode of Questionaire, Interview and Observation Suhada, Ahmad Adityareza Taruna; Ghazali, Achmad
Journal of Business and Management Vol 4, No 1 (2015)
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Abstract- The main theme of this study is the Human Resource Management and focus on doing the job analysis. The sub - focus of this study is in the job description of an employee in order to achieve the goals and vision of the company. The purpose of this study is to create jobs? according to the distribution of positions within the company and the vision of the PT. ECU. The author uses three approaches to obtain data needed like: using questionnaires, interviews, and observations. The data from job analysis then the author elaborate to create a job description and job specification. Implementation of this research will help employees to work more efficiently and assist in the recruitment of new employees in accordance with company requirements. Keyword: Human Resource Management, Job Analysis, Job Description, Job Specification
Analyzing Employee Engagement in Business Community Case Study: Cimahi Creative Association Fernando A, Jaka; Chaerudin, Rendra
Journal of Business and Management Vol 4, No 1 (2015)
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Abstract. The research aimed to know the current condition of employee engagement in Cimahi Creative Association, The methodology used is Questionnaire and Interview. Primary data is collected by questionnaires and interview that distributed to 100 employee and interview the Members of Cimahi Creative Association. Model approach in this study is done by constructing a new construct by combining several existing models, that is the Development Dimensions International (DDI), Employee Engagement and The Institute of Employment (IES) engagement models, and Ontario Hospital Association Model Employee Experience Survey (EES OHA ). Based on the purpose of the study is to describe the Employee Engagement in Cimahi Creative Association, the research method used is descriptive method. For measuring the level of employee engagement, researchers used a quantitative method through a questionnaire containing 46 questions and distributed to 100 respondents. After doing research, finally it was concluded that the highest dimension that most influence on employee engagement in the CCA is Interpersonal Support, and the lowest is the Individual values, as well as the highest indicator that led to employee engagement is a Family Friendliness, and the lowest is the pay Benefit and Payment. After averaged, generally members of the CCA has been engage towards the organization Keywords : Cimahi Creative AssociationEmployee engagement,Employee engagement Model, Business CommunityCategory: Individual Management, Human Resources Management, Employee Engagement
Functional Strategy Comparison Between Startup and Established Companies on 'Konveksi' and 'Sablon' Business in Bandung Aziiz, Muhammad Fattah; Dhewanto, Wawan
Journal of Business and Management Vol 4, No 1 (2015)
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Abstract - ‘Konveksi’ and ‘Sablon’ services is one of the types of businesses that grow and spread in Bandung city. Popularity on this business primarily due to two things. First, because the products produced by this industry, namely clothing is one of the basic human needs, so the market for this business will always exist. Second, this business became popular because the entry barrier to start the business is not too big. Most of these companies have similar business strategy and provide same kind of services. With big potential market and potential profits, many businessman now want to starts this business. Because of that, the competition in this kind of business increase more rapidly in Bandung. Against the competition, those companies need to use better functional strategy. Functional strategy helps smaller businesses to evaluate the effects of plans and goals specific to the industry they operate within. This paper is made to determine how the application of functional strategy in ‘konveksi’ and ‘sablon’ business in order to survive in the competition and develop their business in Bandung. Comparison also will be made to determine the similarities and differences of functional strategy between startup (less than 5 years) and established company (more than 5 years). After determine the research problem and research questions, exploratory research is used to gain a deeper understanding of the issue or situation. In this research the exploratory research are relies on literature review, observations, and in-depth interview. Purposive and snowball sampling is used to determine the key informants of this research. The result from comparisons shown that in general, startup and established company have same opportunity and face same threat in the industry. Therefore, established company have more advantages (strength) compare to startup company. Comparison about the functional strategy also shown that there are 9 similarities and 6 differences strategy. For the similarities, most of these companies have undifferentiated (mass market) target market, used cost based pricing, provide almost same variant products, mostly made periodic financial report, mostly divided profits into several posts, mostly already have rules or SOPs, mostly chose to loyal at specific supplier, performed maintenance periodically, and most employees being paid based on project. For the differences, some startup companies advance in technology (using website and BBM broadcasting message) for their promotion while established companies mostly depends on conventional marketing via word of mouth. Second, most of startup companies have financial problem for developing their business, while the established companies have no financial problem for their improvement. Third, most of startup companies have small production capacity due to their limited resources, while most of the established companies have large production capacity. Most of startup recruit skilled and experienced people for their employees, while most of established companies chose to recruit people with less / have no skill and have no experience in the industry then trained them. Most of startup companies have employees less than 10 people, while most established companies have more than 10 employees. Then, startup companies usually still have lack on internal control that make turnover employees happened many times, while the established companies have employees with high loyalty.  For recommendations, all owner of ‘konveksi’ and ‘sablon’ business in Bandung should pay more attention on the functional strategy application, think about some innovations, and follow the advances in technology to stand in the competition. Then, always try to understand the potential market and calculate the potential customers to build the right size of the company. Keywords: Functional Strategy Comparison, ‘Konveksi’ and ‘Sablon’ Business, Start Up and Established Companies 
The Impact of Earnings per Share and Debt to Equity Ratio Towards the Profitability of Companies Listed in LQ45 from 2009 to 2013 Utzanah, Ashifa Arief; Murtaqi, Isrochmani
Journal of Business and Management Vol 4, No 1 (2015)
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Abstract- The aims of a firm to operate are the development and the continuity of the business itself. It can be achieved by gaining more profits for the firm. Profitability measures the company performance by comparing the profits of the company with its resources during the period year. The firm with high profitability shows that the company efficiently and productively manages the sales, assets, and investment in its operating activity to gain profit. This research objective is to find out the impact of earning per share, debt to equity ratio, and current ratio toward the profitability, which is indicated to return on assets, of the companies listed LQ45 index. The method use to analyze the impact is multiple linear regression. The sample used of this research is 22 companies that listed consistently on LQ45 Index during 2009 – 2013 period. The result of this research shows that earning per share, debt to equity ratio, and current ratio have significant impact towards profitability (ROA). Earning per share has a positive significant impact towards profitability (ROA), on the other hand debt to equity ratio has a negative significant impact towards profitability (ROA), and current ratio also has a negative significant impact towards profitability (ROA). The earning per share, debt to equity ratio, and current ratio is influencing profitability (ROA) by 38.0%, as a result of Coefficient of Determination. Keywords: earning per share, debt to equity ratio, current ratio, return on assets, multiple linear regression
Service Quality of Consulting Business-To-Business From Engineers of Oil and Gas Company in: A Case Study of PT. LAPI ITB Lokasthiri Az, Jene; Fachira, Ira
Journal of Business and Management Vol 4, No 1 (2015)
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Abstract . The development of globalization has induced the need for universities that capable to develop independent and democratic society to compete internationally. Through the Government Regulation Nr. 155/ 2000, ITB was legalized to be State Owned Legal Entity (BHMN). Being so, ITB has greater autonomy to regulate itself complemented with greater responsibility to improve its competitiveness in the global world with commercial business unit, which is PT. LAPI ITB. PT. LAPI ITB engaged in consultancy and training. This research explores about concept of service quality in B2B context. The calculation based on dimensions used in this research has been adjusted from B2C to B2B, which are Responsiveness, Credibility, Consultative Selling, Reliability, Competence and Price as the dimension (Westbrook and Peterson, 1998). This new form of SERVQUAL in B2B context expected to be able to reflect customer gap score of expected and real performance of PT. LAPI ITB. Which with the 110 of correspondents based on 10% of finished projects in term of 2014, resulted that the gap of performance service and expected service is negative, which means that PT. LAPI ITB did not perform their service especially in Responsiveness, Credibility, Consultative Selling, Reliability, Competence and Price. Analyzing this dimension of SERVQUAL in PT. LAPI ITB has resulting that an improvement of service is quite necessary for their company. However, based on the result of customer’s expectation in consulting (B2B context) fairly high enough. This might happen because customer fully entrust the job to PT. LAPI ITB, and the result of projects and assignments is important for their company’s work process. So its normal for the company to expect the highest possibility of performance.Keywords: Marketing Research; Service Quality; Business-to-Business Context.
The Acceptance of Bitcoin in Indonesia Using Technology Acceptance Model Kumpajaya, Aswinnur; Dhewanto, Wawan
Journal of Business and Management Vol 4, No 1 (2015)
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Abstract. In 2009, the world’s first completely decentralized digital currency Bitcoin was introduced by an pseudonymus programmer known as Satoshi Nakamoto. The hype of a novel currency subsequently motivates research on this phenomenon, especially focusing on what affects individuals to use Bitcoin.This paper attempts to address the issue by creating a model of technology acceptance that fits the specific and unique characteristics of the Indonesian environment by extending the Technology Acceptance Model (TAM). We incorporated the Perceived Compatibility from Innovation Diffusion Theory by Everett Rogers (1962) and added Bitcoin Knowledge, and Perceived Risk as additional external variables for TAM. The data are collected through 108 user of Bitcoin from various online forums in Indonesia and was analyzed using Partial Least Square (PLS) path modelling.The results suggested that indeed the perceived compatibility and knowledge affects user’s intention towards Bitcoin. The findings of this study can prove to be useful for Bitcoin community and exchange service in formulating strategies to increase user base and contributes the literature by formulating and validating TAM to predict Bitcoin adoption. Keywords: Technology Acceptance Model, Bitcoin, Extending TAM, Innovation Diffusion, Compatibility, Risk, Indonesia.

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