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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.
Arjuna Subject : -
Articles 11 Documents
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Search results for , issue "Vol 5, No 5 (2016)" : 11 Documents clear
Analysis of Project Construction Delay Using Fishbone Diagram at PT. Rekayasa Industri Septiawan, Dimas Budi; Bekti, Rudy
Journal of Business and Management Vol 5, No 5 (2016)
Publisher : Journal of Business and Management

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Abstract

Abstract.This research focuses on finding the root problem of the construction delay that happened in several tasks at PT Rekayasa Industri’s CGPX project. The project was planned to start on June 27th, 2011 and planned to be finished on April 8th, 2013. However, the actual project was finished almost one year later than the planned finished date (March 20th, 2014), despite the fact that the project started on time. The project delays will be analyzed through systematical methodology to find root cause that makes the project finished late using Ishikawa Diagram, then the result will be presented using “5M” criteria. Finally, the best solution will be given as a feedback to the company to improve future project. The result shows that the most powerful delay is caused by human error. The recommendation given to the company is to increase the ability of workers to reduce the delays in these aspects. Way to increase the ability is by doing training, hire more professional person, recruit the third party, or give penalty if the drawing is late.Keyword: Project management, fishbone diagram, project delay, root cause analysis 
Relationship Analysis between Demographic Factors, Job Satisfaction, and Job Performance among Formal Employees in DKI Jakarta Suryawijaya, Marwah; Bekti, Rudy
Journal of Business and Management Vol 5, No 5 (2016)
Publisher : Journal of Business and Management

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Abstract

Abstract. The primary resource to support the productivity of innovative, high quality, and competitive product is proven gained from highly performing employees. Any aspect related to high performance thus has become an interest to organizations to stay in the business and protect their profit. Some studies and wisdom indicate that job satisfaction is one of the biggest aspects affecting the performance of an employee.  DKI Jakarta is the capital city of Indonesia. Not only as the central of the government, but also as the central of economics, businesses, and employments. In 2015, formal workers took 73% of the total working citizen, which indicates as the highest proportion of overall working citizen in DKI Jakarta comparing to informal workers. The growth of formal worker is seen to be the biggest with an increase percentage of 10.26% in one year, it means that 344 thousands of people were get employed within a year. Therefore, this research was constructed to enrich and complete the scarcity in previous studies regarding the relationship between job satisfaction and job performance. The specific type of object was formal worker in DKI Jakarta area. The study was executed by distributing questionnaires in regard to demographic factors, job satisfaction, and job performance to 258 respondents who are currently employed as formal workers. The data collected was analyzed using Microsoft Excel, SPSS 20, and processed through Descriptive Analysis, Chi Square Analysis, T-Test, and Simple Linear Regression. The result found that formal workers’ demographic factors (age, gender, and education level) of DKI Jakarta are not associated with Job Satisfaction. While the relationship between job satisfaction and job performance was found positively related. Not only relations, the author discovered that whenever one’s job satisfaction increase as 1 unit, his performance at work will also increase as 0,738 unit. Between three dimensions of job performance, contextual performance takes the highest position that gains most influence by job satisfaction.Keyword: Job Satisfaction, Job Performance, Task Performance, Contextual Performance, Counterproductive Work Behavior, Demographic Factors, Human Resource Management
Information Acceptance of EWOM And Purchase Intention Through Haul Videos Youtube Martawilaga, Ayu Indriani; Purwanegara, Mustika Sufiati
Journal of Business and Management Vol 5, No 5 (2016)
Publisher : Journal of Business and Management

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Abstract

Abstract. Haul video is a new platform of EWOM that provides honest feedback towards fashion products that less persuassive and more attractive visual and information than heavy pages of fashion magazine. Based on  TuburalInsights.com on “YouTube Beauty Industry”, YouTube vloggers and haul video control 97% of conversations around beauty and brands on YouTube. They have 10x more videos on their channels than the brand itself. That’s why female consumers are more engage with haul videos that made and spread by ordinary internet user that has passion in fashion. Haul videos can be very beneficial to fashion retailers. However, haul videos can be a source of problem if the haul video give a negative perception towards the brands or products so that it will decrease intention to purchase. Therefore, this study was conducted to enrich and improve the scarcity in previous studies about haul videos. By understanding the factors of haul videos, fashion retailers can use haul video as their new channel promotion effectively. The research excuted in Bandung and Jakarta. Questionnaire with Argument Quality, Source Credibility, Source Attractiveness, Perceived Usefulness, Source Style, Information Acceptance of EWOM, and Purchase Intention are filled by 350 women respondents in age range of 16-35 years old who are internet active user as the object of this research. The data collected was analyzed using Microsoft Excel, IBM SPSS Statistic 23 and processed through Frequency Analaysis, and Multi Linear Regression. The result found that most of haul video watchers come from age 16-20 years old and work as university student. The result found that before have purchase intention, the information acceptance of EWOM through haul videos is needed. The factors that influence the information acceptance of EWOM are Argument Quality, Source Credibility, Source Attractiveness, and Source Style. Factors that influence purchase intention directly are Source Attractiveness and Information Acceptance of EWOM. Based on the result, fashion retailer that wants to make haul videos as their channel promotion can do partnership with haul video makers that credible, have good argument quality, represent the target market of the products, and creative in delivering the haul video. Beside that, fashion retailer should control the content og haul video too.
The Influence of Farmer's Dependency and Power to Performance Hadi, Diandra Adelina; Purwanegara, Mustika Sufiati
Journal of Business and Management Vol 5, No 5 (2016)
Publisher : Journal of Business and Management

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Abstract

Abstract. This research examines the influence of dependency and power to performance in the agriculture sector, from the farmer’s point of view.  Indonesia’s agriculture sector contributes to 33% of the GDP and absorbs 41 million farmers; most of them still live in poverty.  If the performance can be increased, it is hoped that the money generated and the farmer’s welfare can be increased too. Keywords: buyer-supplier relationship, farmers, dependency, power, performance
Long-Run Performance of Private-Equity-Backed Initial Public Offering in the Southeast Asian Markets Ariando, Heribertus; Nainggolan, Yunieta Anny
Journal of Business and Management Vol 5, No 5 (2016)
Publisher : Journal of Business and Management

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Abstract

Abstract— Over the past decade, the number of private-equity (PE) investments grew across the Southeast Asian markets, which was due to its rapid economic growth and lesser competition. However, while some believe that this has a positive impact to the economy, the real contribution of PE-backed transactions is unclear, as there is no study yet observing the nature of these transactions that specifically focuses on the Southeast Asian markets.This 6-month study examines the long-run stock performance of PE-backed initial public offering (IPO), by examining the historical data from the period of 1996 to 2016. This research uses market-adjusted and risk-adjusted returns to calculate the long-term stock returns. The result indicates although the performance of PE-backed IPOs differs in every market, generally, it underperforms almost all indices. However, it is less underperformed than the paired non-PE-backed IPO.This study aims to give an outlook of how a PE-backed IPO performs in the market. The finding is hoped to deliver some insights for financial sponsors, issuing firms, underwriters, and investors regarding the nature of the transactions in the Southeast Asian markets.Keywords: private equity, initial public offering, capital market, security performance, Southeast Asia.
ABC Classification Analysis to Overcome the Overstock Problem at PT. Nutricia Indonesia Sejahtera Saraswati, Anggita; Farmaciawaty, Desy Anisya
Journal of Business and Management Vol 5, No 5 (2016)
Publisher : Journal of Business and Management

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Abstract

Abstract.The research is done based on the PT. Nutricia Indonesia Sejahtera, a company that produces a formula milk located in Ciracas, Jakarta Timur. Nowdays, formula milk has become a complementary nutrition in the community and even as a substitute for ASI (Air Susu Ibu). PT. Nutricia Indonesia Sejahtera produces milk that is not only for the baby but also pregnant women and toddler. Since we know that the formula milk is really needed for all people, knowing the amount of inventory level is a must for company. The company experienced some problems related to the inventory management. This research will be analyse about the stock policy in the PT. Nutricia Indonesia Sejahtera. The company has a problem with an overstock problem for the raw material in the inventory. The objectives of this research is overcome the overstock problem in the warehouse and minimize the cost production in order to provide solutions to the company issues. In this research the author focus on the local and import raw material data products, the methods that will be used in this research is using Cycle Counting and ABC Classification Analysis. In the other hand, this research also provide the comparison between company and author calculation in order to compare which methods that gives advantages to the company.  The calculation for this research will involve Safety Stock, Re-order Point, Economic order quantity, Average Inventory Level in Rupiah and ABC Classification Analysis. In the ABC Classification analysis, the author also provide how to maintain the product by each classification.Analysis will give an advantages for the company such as overcome the overstock problem in the inventory and minimize the cost that have to be spend in one month. The author calculation and analysis is for import and local product. After calculate the data using Cycle Counting method, the author also calculate the ABC Classification Analysis to separate which product that is need more attention and maintenance. Knowing each classification by using ABC Classification will also reduce the cost that have to spend in one month, because the company will know which the product that has an expensive cost and lower cost, the author also provide how to keep the quality of each raw material based on their classification.Keywords : PT. Nutricia Indonesia Sejahtera, Overstock, Inventory, Economic Order Quantity.
Are Foreign Banks More Efficient than Domestic Banks? Case Study: Indonesia Hutama, Gani Akbar; Prasetyo, Ahmad Danu
Journal of Business and Management Vol 5, No 5 (2016)
Publisher : Journal of Business and Management

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Abstract

Abstract.The aim of this study is to analyze and compare the efficiency of foreign and domestic conventional banks in Indonesia in 2013-2015 based on the BUKU 3 category regulated by Bank Indonesia and further sees the growth of those efficiencies by each month during the period of the study. The objects of this study are 9 foreign and 11 domestic conventional banks that operated in Indonesia in2013-2015. Data are retrieved from monthly financial reports of the sample. This study uses input-oriented Variable Return to Scale (VRS) Data Envelopment Analysis (DEA) model with intermediation approach to measure the technical efficiencies of the banks and Malmquist Index to investigate the growth of the efficiencies and also the monthly growth of the sample in the analysis period. Mann-Whitney test is used for hypothesis testing to examine the significance level of the efficiencies and its growth. DEA results shows that in aggregate, foreign banks are more efficient than domestic banks. The malmquist index results presents that domestic banks have higher average growth compared foreign banks in the period of analysis. Moreover, the sample’s performances in terms of monthly changes from the malmquist index experience fluctuation. However, there are no significant differences of both efficiency and its growth of foreign or domestic conventional banks in Indonesia during the period, meaning that both bank groups whether foreign or domestic banks in this study are operating in almost the same level.Keywords: foreign banks, domestic banks, efficiency, Data Envelopment Analysis, Malmquist Index
Forecasting Demand of Plastic in PT. Lowell Pack to Maximize the Profit Tan, Christopher Russell; Chaerudin, Rendra
Journal of Business and Management Vol 5, No 5 (2016)
Publisher : Journal of Business and Management

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Abstract

Abstract. Plastic has growth very rapidly in South East Asia. This make local plastic factory have to manage the produce they can make to maximize the profit the company can get, PT Lowell pack, as case study because PT Lowell pack is the new plastic factory and the capacity is quite much for small factory about 90 ton. This research found that in PT Lowell pack have produce with same capacity in 3 products. They have even thought if they produce more in one product than another they can make more profit. This situation is happened because they are only using judgmental decision by the owner to forecast the demand and produce the product in PT Lowell pack. And Judgmental decision cannot give accurate prediction. Therefore, there area lot of mismatches between supply and demand. Because that  we have to know the best forecast method for demand plastic in PT Lowell pack and organize the produce per month per product to maximize the profit. And forecasting method we will use are Moving Average, Exponential Smoothing, Holt, trend analysis (regress over time).The research will search the best forecasting method to maximize the profit and The data which will be used is the secondary data from PT Lowell pack Sales report monthly by PT Lowell pack and profit report of PT Lowell pack monthly. These secondary data will be analysis further by forecasting method.so we can now the sales by PT Lowell pack monthly and maximize the profit PT Lowell pack monthly. And the result of this research PT Lowell pack have to choose to trend analysis method for forecasting. And have to produce more plastic kw2 after that kw1 after that Pure plastic. And PT Lowell pack get more profit if forecast the demand and get Rp13.077.500Keyword: forecasting, demand plastic in Indonesia, growing market plastic
Comparison Between Advertising On Television And Social Media Toward Purchase Intention Dianlestari, Cattleya; Hudrasyah, Herry
Journal of Business and Management Vol 5, No 5 (2016)
Publisher : Journal of Business and Management

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Abstract

Abstract. In this new era, there has been a shift on media. Social media is the new media which growing rapidly, and it used as media advertising. Now, people spent more time with social media than watching television. This study was the comparison of consumer response to advertising on television and social media to purchase intention. This result can be used to maximize the advertising medium that will be used by a company in this era that have been developed. This study uses a variable of the previous research framework that examines the relationship between advertising to the consumer purchase intention through attitude. Researchers using an experimental study to compare the response of the respondent. The researcher want to compare the advertising on television and social media to purchase intention. The study was conducted on three generations X , Y , and Z. Each generation is represented by five people. It is intended that each generation has its representatives. Data will be processed using statistical analysis Independent T-test and paired T-test. The results of this study indicate there is a differences between consumer response to purchase intention on advertising in media television and social media. Respondent more interested with advertising on social media than television.Keywords: Advertising on televison, advertising on internet or social media, consumer attitude, purchase intention.
CAMEL-based Determinants of the Assets Growth of Indonesian Sharia Banks Wijayanti, Arini; Faturrohman, Taufik
Journal of Business and Management Vol 5, No 5 (2016)
Publisher : Journal of Business and Management

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Abstract

Abstract- Anecdote "five percent traps of sharia bank" arise because in the currently, sharia banking condition traps on 5% cake of Indonesian banking industry in several years. This condition worsens by the declining of sharia bank growth in 2015 period. CAMEL as a banking performance evaluation can be used to determine the assets growth relates factor. The research conducting by collecting secondary data of eleven sharia commercial bank in Indonesia from 2005- 2015 period. These variables processing in the multiregression unbalance panel model in order to find significant relation factor. the research finding found from eleven independents, there are three significant variables that have relationship toward bank assets growth.Keywords : Bank Sharia, Assets Growth, CAMEL

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