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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 10 Documents
Search results for , issue "Vol 4, No 10 (2015)" : 10 Documents clear
Analysis of Financial Statement and Sustainability of CDMA Service Provider Company (A Case of PT Smartfren Tbk and PT Bakrie Telecom Tbk) Ayu, Athira Azalika; Darmansyah, Asep
Journal of Business and Management Vol 4, No 10 (2015)
Publisher : Journal of Business and Management

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Abstract. Telecommunications is very vital to help people socialize and live. Various means are provided to facilitate the course of the telecommunications activities. One of them is the establishment of telecommunication service provider company. In Indonesia itself, there are to types of telecommunication service provider, which are GSM and CDMA. In the past year, CDMA service provider companies suffer bankruptcy one by one leaves only two companies remaining named PT Telecommunication X and PT Telecommunication Y. The purpose of this research is to determine the financial performance of the companies during the period 2011 through 2014 at the CDMA service provider companies and to determine the sustainability prediction in the future at the CDMA service provider companies. If those companies are aware of its financial condition and able to improve its performance, the company would likely to survive in telecommunication industry. The financial performance of both companies were analyzed and compared using financial ratio calculation and trend financial statement. For the sustainability analysis, Altman Z-Score is the method used in this research to predict a future bankruptcy indicator. The result of analysis shows that PT Telecommunication X and PT Telecommunication Y are not performing a good financial performance and are in the state of bankruptcy based on Altman Z-Score analysis. Keywords: Telecommunication industry; financial ratios; Altman Z-Score; sustainability analysis; trend analysis, financial performance.
CEO Performance Measurements of PT ASTRA Otoparts Tbk 2007-2014 Budidharma, Aditya; Nugroho, Anggoro Budi
Journal of Business and Management Vol 4, No 10 (2015)
Publisher : Journal of Business and Management

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Abstract - Two important roles that have crucial role in the company in order to keep the company running First are the agents who runs the business, the performance of the agents are usually represented by the Chief Executive Officer. Chief Executive Officer or CEO for short is the head leader of a company. It is also common for some companies to call CEO as President of Director. CEO or President of Director’s job description cannot be stated as a general because each company has their own policy. Second are the shareholders or the financiers who have the capital in order for the company to keep on going. The fund that is given is represented in stocks. The relationship between agents and shareholders is concluded in the Agency Theory. Agency theory addresses the relationship where in a contract ‘one or more persons (the principal(s)) engage another person (the agent) to perform some service on their behalf which involves delegating some decision making to the agent’. Problems will arise if there is a difference of interest between the agent and shareholders. Keywords: Agency cost, stock prices, Chief Executive Officer, Shareholders
Application Value Stream Mapping to Minimize Waste in Aircraft Industry Luciana, Livia; Lestari, Yuliani Dwi
Journal of Business and Management Vol 4, No 10 (2015)
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Abstract. Nowadays, many organizations have already implemented lean manufacturing (LM) in order to be competitive in global market.  Many company need Lean Manufacture to reduce wastes or activity that has no added value to increasing efficiency in process production. Currently, PT Xis one of aircraft manufacturing in Indonesia has issues a procurement department. Currently, the big problem of procurement department is delays to make dokument PR and PO in 2014 this cause the long lead time in 2014.Based on historical data, total delay from making PR is very high about 84% and for PO the delay takes 73%. With these facts that procurement department has very high delay in making PR and PO, PT Xwants to solve this problem by identify waste that happen in procurement department, so it will decrease the lead time in procurement department. The first stage in the application of value stream mapping is the Current State Mapping, this stage can illustrates the real condition of procurement department processes along with lead time of any such process. The second stage is analysis current value steam mapping, in this stage all waste is identified and resolved. The final stage is, Future State Mapping in this process produce a new process and a new lead time. Based on current Value Stream Mapping, it is found three category wastes there are over processing, waiting time, and unnecessary movement (motion). The solution provided to reduce the waste are cleaned-up SAP data, standardization of writing material, format Quotation and RFQ, procurement check point and email reminders. Solution that has been given can minimize waste and lead time and will reflect in future state mapping. By making Future state value stream mapping based on the solutions that have been given can reduce the total lead time. Total lead time in procurement department was reduced by 39%. Total lead time can decrease 19 days with average lead time 49 days for the current VSM decrease into 30 days for future VSM.Keywords:  Value Stream Mapping, Waste, Lead time, procurement department, Aircraft Industry
Determining Key Performance Indicators: Case Study at School of Business and Management ITB Tria, Bella; Gustomo, Aurik
Journal of Business and Management Vol 4, No 10 (2015)
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Abstract- Organization is known as the most important and basic function of management. School of Business and Management, Institut Teknologi Bandung (SBM-ITB), is one of the most well known business and management school in the country. Today in Indonesia, the competition between different business schools has become tighter over the years. The research objective is to determine a set of alternatives of Key Performance Indicators (KPIs) for SBM-ITB since SBM-ITB currently does not have a proper system to deliver incentives for the employees, a system to develop their employees, and a system to develop their employee competencies/career. Hence a proper performance appraisal system is required to create the system. In order to create performance appraisal system, certain factors must be determined. The method use to determine the Key Performance Indicator is the steps in improving Key Performance Appraisal System, narrative analysis, and conceptual framework on determining Quantitative KPIs. The sample consists of fourteen professional staff (non-academic staff) of SBM-ITB representing their different units/division. The result of this research shows the Key Performance Appraisal for fourteen professional staffs after merging their Job Profile, ISO, RENSTRA, and conducting an interview. The result of this research is the recommended example or alternative of KPIs that can be used by SBM-ITB in determining their employee KPIs in the future, which is aim to increase the performance of their employees. The recommendation for this research is to improve and update their current job description, ISO, and RENSTRA and to further expand the KPIs for other staff in SBM-ITB.  Keywords: key performance indicator, SBM-ITB, organization
Fund Manager Characteristics and The Social Performance of Conventional Mutual Funds in Indonesia Naufal, Muhammad Dzaki; Nainggolan, Yunieta Anny
Journal of Business and Management Vol 4, No 10 (2015)
Publisher : Journal of Business and Management

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Abstract – Socially responsible investment has been popular in the last decade due to the global concerns on ethical and environmental issues which cause high risk in the future. Socially responsible investment is also started to grow in Indonesia with the establishment of sustainability index, SRI-KEHATI, in 2009. Growing interests in SRI investment in Indonesia make us wonder whether conventional mutual funds also invest in companies with high social performance. Further, previous study in Indonesia mostly examines the financial performance of conventional funds or SRIs and there is no study yet which examines the social performance of conventional mutual funds and their determinants. Hence, this study aims to find the score the social performance of conventional equity mutual funds in Indonesia. We measure this using two ethical indices in Indonesia stock exchange, which are ISSI (Indonesia Sharia Stock Index) and SRI-KEHATI. This study period is only 2012 due to data availability. Further, we examine whether there is a relationship between fund manager characteristics such as gender and education background and this social performance. Our regression results show that there is no relationship between female fund managers and their asset allocation in firms with high social performance. However, we find that fund managers with master degree but not necessary from overseas university seem to invest in firms with high social performance which showing that higher degree may have provide them with higher concerns on environmental, social, and governance issues. We also find that older funds tend to hold shares that are socially responsible suggesting older funds may put higher concern on social than financial performance of their holdings due to lower market risk and the expectation of better performance in the future or in the long term. Keywords: Socially Responsible Investment Funds, Conventional Mutual Funds, Gender, Educational Background, Behavioral Finance, Fund Manager.
Preliminary Study into the Marketing Mix and Target Market for Koffie Fabriek Aroma Kesadaran, Matahari; Wandebori, Harimukti
Journal of Business and Management Vol 4, No 10 (2015)
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Abstract - Koffie Fabriek Aroma is a family-owned coffee business in Bandung that has been in operation for more than 80 years. Koffie Fabriek Aroma currently focuses more on market dominance strategies, operations, and human resource instead segmenting, targeting, and positioning, or analyzing weaknesses in its marketing mix. Therefore, Koffie Fabriek Aroma is limited in its marketing tactics, which relies almost solely on word-of-mouth. Although Koffie Fabriek Aroma is popular among a niche market, there are still many people who have never heard of Koffie Fabriek Aroma, especially outside of the Bandung area, so it may further expand its business by using other differentiated targeting strategies, such as online marketing. Conducting marketing mix and market segmentation analysis may help Koffie Fabriek Aroma grow by allowing it to target customers and position itself more effectively. This study aims to find the market segment for Koffie Fabriek Aroma customers in terms of demographic, geographic, behavioral, and psychographic characteristics. It also aims to analyze the effectiveness of Koffie Fabriek Aroma’s current marketing mix in terms of the 4 P’s (product, price, promotion, and place). This study uses a mixed-method design which combines aspects of both quantitative and qualitative research. Quantitative data was collected through online questionnaires, which used purposive sampling in order to collect 107 respondents age 18 and older in the Greater Bandung (which includes Cimahi, and surrounding areas) and Greater Jakarta (which includes Bogor, Depok, Tangerang, Bekasi, and surrounding areas) metropolitan areas who have heard of Koffie Fabriek Aroma. The survey was distributed online via Google Forms from 22 June 2015 to 27 July 2015. Qualitative data was collected through observations conducted at the Koffie Fabriek Aroma store on Jalan Banceuy during Monday, 18 May 2015 at 12:00 PM and Wednesday 15 July 2015 at 11:00 AM for one hour each. The results from both sources of data were analyzed and compared to see if there was a convergence of evidence that would allow strong conclusions to be made. The study concluded that there may be a significant segment of Koffie Fabriek Aroma customers among males age 40-64, and that there may be a large proportion of smokers among its customers. 79.59% of regular coffee buyers in this sample are active on social media, indicating that there may be opportunities for online marketing. In terms of marketing mix, the study concluded that Koffie Fabriek Aroma had a good product, due to its strong flavor and unique taste, and good pricing, but poor promotion and distribution, because its main store is located in an unclean and crowded area in Jalan Banceuy, and it cannot be easily purchased elsewhere.
Consumer Buying Decision Process Analysis on Music Live Performances' Tickets Danil, Dalzi R.; Aprianingsih, Atik
Journal of Business and Management Vol 4, No 10 (2015)
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Abstract. The rapid development on live music performances in Indonesia triggered the researcher to think that identifying the factors that influencing consumer buying decision is important more than ever for the industry. There are also lots of live performances that failed because not knowing what factors that made the consumers buy a live performance’s ticket. This research aims to investigate the customer buying decision in music concert event, find the most valuable benefits of music concerts, and which channel of promotion the consumers preferred. To reach the objective, the researcher used buying decision process and marketing mix tools. Respondents’ data that had been collected will have to pass the validity and reliability test. Then, all the data will be processed in descriptive analysis. The results showed that the consumers buy a live music performance’s tickets because of the artist, and the consumers also think that artist be the benefit that they value the most. As for the promotion and distribution channels, it was proven that social media, Instagram to be precise, and promoter’s online ticketing as the most preferred by the consumer.  Keywords: marketing mix, consumer buying decision process, live music performance
Measuring Drivers of Procrastination in Academic Student Wijanarko, Abi Dzarr Alghifari; Welly, John
Journal of Business and Management Vol 4, No 10 (2015)
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Abstract. Procrastination is the lack or absence of self-regulated performance and the tendency to deny or completely avoid an activity under one’s control (Tuckman & Sexton, 1989). MARS, also known as model of individual behavior, are model used to understand on what drivers can form an individual behavior. It consist of four factors which are motivation, ability, role perceptions, and support/situational factors).As an organization, academic institution need to know the drivers of behavior that might affect their academic members performance, including student. By creating a Procrastination Scale to measure procrastination level and Academic Motivation Scale into MARS model this research gather a 116 sample of academic student in SBM ITB. The result shows that Amotivation (r=.187) and Motivation External of external regulation (r=.197) has positive correlation with procrastination level. Using hierarchical regression analysis, the result further show that amotivation (b=.197) act as the most dominant contributor to procrastination level. External Motivation  of external regulation (b=.126) follows as the second contributor while Situational Factors (b=-.127) shows as counter contributer of procrastination. As organization SBM ITB might want to further motivate their student and give tutoring about managing academic and non-academic activities. SBM ITB might also want to maintain their support to students to avoid further problem about increasing procrastination level. Keyword: motivation, ability, role perception, situational factor, procrastination, academic, organization
Forecasting and Volatility Analysis of International Soybean Price From 2004 until 2014 Novariandi, Panji Mario; Anggono, Achmad Herlanto
Journal of Business and Management Vol 4, No 10 (2015)
Publisher : Journal of Business and Management

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Abstract.Soybean is the important commodity in Indonesia because its benefit. As the source of protein, soybean has been known and used for many food products such as tofu, tempe, ketchup, etc and most of the people of Indonesia tend to eat Tofu and tempe. The problem arises because Indonesia has become the importer of soybean and the international soybean price is volatile since 10 years. The price volatility can rise uncertainties and makes financial & strategic investment planning more difficult especially for soybean processor. Based on that problem, this paper is aimed to know the future price forecasting and the volatility of international soybean price in the next ten years. The result of this paper would be a baseline to hedge toward risk in soybean industry area. The sample of data is monthly international soybean price in periode of December 2004 until November 2014, counted for 120 observations. This financial time series data could be analyzed using Autoreggresive Integrated Moving Average (ARIMA) to show the result of the future price forecasting and volatily of soybean. There are three models tested here: ARIMA(1,1,0), ARIMA(0,1,1), and ARIMA(1,1,1). The result of this study shows that ARIMA(1,1,0) is the best model to forecast the international soybean price in the next ten years. Later in the forecasting result, there is strategy that can be recommended for soybean industry and importer to hedge against the volatility. The price predicted to rise sharply start from November 2016 until July 2018 so the soybean processor and importer especially should be prepared to establish forward futures contract before October 2016 for period November 2016 until November 2017 and December 2017 until July 2018 to lock the price against the upcoming trend that will come. After that the forward future contract shoukd be set once again to encounter with the upcoming trend which expected occur the next three years until August 2022. Keywords : soybean, volatility, future price, forecasting, ARIMA
An Action Research to Map and Describe the Business Ecosystem of Muslim Fashion Industry in Bandung in Form of a Short Movie Monika, Gelda Sella; Lantu, Donald Crestofel
Journal of Business and Management Vol 4, No 10 (2015)
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Abstract. Bandung has the vision to be the Muslim fashion Capital in 2020 since it has the strengths and opportunities for it.  However, this vision needs to be supported by the proper programs and strategy from collaborated elements in Quadro Helix which are the government, academicians, business players, and communities. Therefore, the business ecosystem needs to be described first in order to get the clear understanding of the current condition of Muslim fashion Industry in Bandung. Through a qualitative action research method, the author conducted the research to map and describe the business ecosystem of Muslim fashion industry in Bandung in form of a short movie. The short movie is purposed as an attractive learning tool that can inform and inspire those who want to start or already in Muslim fashion business. The decision to use short movie was based on some researches that show the use of film in education and it is based on the decision of CIEL SBM ITB as the problem owner.  Due to the limitation on research budget and time, this action research is only focused to create a project proposal of a short movie that includes story idea, screenplay and director’s treatment, without truly producing it. By using focus group discussion and semi-structured interviews, data is collected and analyzed by using narrative analysis method. As the result, the movie should fulfill the criteria: inspirational and educative, attractive to watch, and also beneficial to the sponsors. So, the author must develop the story idea become somewhat an appropriate screenplay and director’s treatment to match with those criteria. The content of the movie also must summarize the findings about the current condition of Muslim fashion industry in Bandung, and the role of each element in Quadro Helix model for the Muslim fashion industry. Last, the short movie must insert suggestion and the keys success for those who want to enter or already in the business as well.  Keywords: Business Ecosystem, Muslim Fashion Industry, Bandung, Action Research.

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