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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 88 Documents
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Search results for , issue "Vol 7, No 3 (2018)" : 88 Documents clear
ANALYSIS ON THE POTENTIAL OF KERTA SEMAYA SAMINAYA TO ENTER THE GERMAN MARKET Bhaskara, Ida Bagus Dwija; Purwanegara, Mustika Sufiati
Journal of Business and Management Vol 7, No 3 (2018)
Publisher : Journal of Business and Management

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Abstract. Kerta Semaya Saminaya (KSS) is a sustainable Indonesian cocoa bean supplier. They produce organic fine or flavor cocoa beans that allows their product to become a premium. The problem however is that they are lacking buyers and wishes to expand their sales by exporting to a German buyer. This brings forth the question of if it is possible for KSS to enter Germany. To analyze and research this both qualitative and quantitative research methodology is used in this research to gain information and identify alternatives for improvement of actions. The primary data gathered is from interviewing German buyers, Indonesian supplier, survey German market segment and spreading questionnaires. For analysis technique, descriptive analysis is performed. To penetrate the German market, the only available option is to go through the niche market. To even sell to the German market a variety of requirements are needed ranging from basic to the niche requirements. One important requirement in Germany is sustainability which is also the aim of KSS. KSS has the capability to sell and compete in the German market however they still require certain certifications and conformity to be able to enter the market which could be overcome by selling through a wholesaler.Keywords: Cocoa bean, German market, niche cocoa market, Kerta Semaya Saminaya, sustainable, fine or flavor cocoa beans
MUSIC STREAMING ADOPTION AND DIGITAL PIRACY CASE STUDY: SPOTIFY Riady, Reyhan; Aprilianty, Fitri
Journal of Business and Management Vol 7, No 3 (2018)
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Abstract. This paper analyze the piracy problem of music streaming, specifically Spotify, in Indonesia. Spotify is an application that provides music and video streaming, which can be found on some Operation System such as Android, Mac, and Windows. One of the goal of streaming music services is to reduce the amount of piracy, as Spotify claimed to be. As of December 2017, Spotify has 157 million users, with 71 million of them are paid users. Ironically, among 71 million Premium users, Spotify has approximately 2 million users accessing their Premium service illegally through unauthorized downloading and other forms of digital piracy. As Spotify just registered the company on the stock market on Tuesday, April 3rd 2018, it would be important to maintain their brand image by reducing piracy. Preventing unauthorized downloading and other forms of digital piracy has been a persistent challenge. Strategies based on deterrence, ethical arguments, or technical measures have been effective, but only to a limited extent. The main objectives of this research is to know whether the adoption of music streaming system in this case Spotify affects digital pirating intention. The data of this research is collected through survey method of 200 Spotify users and analyze by using SEM-PLS. The results shows that perceived ease of use and community facilitation enhance perceived usefulness and enjoyment, which in turns correlates positively towards purchase intention. It is also proven that attitude towards unauthorized downloading, perceived cost of product, peer pressure, and risk and penalties positively correlates with piracy intention.Keywords: Music streaming, Adoption, Digital Piracy, Spotify, SEM-PLS
GAP ANALYSIS OF PRO-ENVIRONMENTAL BEHAVIOR AMONG SBM ITB STUDENTS Honasan, Elias Yahya; Iskandar, Budi Permadi
Journal of Business and Management Vol 7, No 3 (2018)
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Abstract. Environmental problems in Indonesia need to be highlighed for the community. There are a lot of people who do not care about the environment and it becomes a question. This study aims to find out the reason and the gap what makes people do not care maintaining and taking care of the environment. The data collected through interview  and  using  an  online  questionnaire. Interviews  are  conducted in  an  informal  way  by  discussing environmental topics. Questionnaires were made to inquire the expectations and realities that exist about pro- environment behavior. Interview data was processed by coding method and questionnaire data was processed by different test method using paired T-test. The data are gathered from SBM ITB students class of 2018, 2019, and 2020 in period of June 2018 until July 2018 in SBM ITB. Individuality, Responsibility, and Practicality are the factors that highlighted in this study. The results shows that people are hampered to perform environmenta l conservation activities because there is a large gap on the factor of practicality.Keywords: Gap, Pro-Environment, Different Test, Individuality, Responsibility, Practicality.
CONSUMER REFERENCES TO CSR BY RETAIL COMPANIES: DOES IT AFFECT THEIR PURCHASING DECISION? Noverinadyanda, Annisa Dhiya Ulhaq; Hariadi, Melia Femiola
Journal of Business and Management Vol 7, No 3 (2018)
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Abstract.Corporate Social Responsibility (CSR) is becoming the discussion topic and attention of many companies. CSR is one of considered as the company's interpretation communication to its stakeholders, including to their consumers. Therefore, CSR can be used as one of marketing strategy to attract consumers to be more interested in buying their products. This study intents to explore the extent Indonesian consumer perception toward CSR by retail companies and the effects of CSR to their purchasing decision, then collects primary data using qualitative approach method by conducting a semi-conducted interview to the specified sample. Using qualitative approach this study will interview around 22 people located in Indonesian urban area. The results indicate that Indonesians in urban areas aware about CSR, but some of them do not recognize the CSR program contained in retail companies due to lack of promotion and publicity. Consumer's positive perceptions of CSR by retail will influence its decision to purchase, especially when they are facing retail options to shop. Retails with CSR will tend to be selected instead of those without CSR. In other words, CSR can improve the company image. Positive corporate image through CSR can be a determinant of choice for consumer shopping in retail.Keywords: : CSR Awarness, CSR Perception, Purchasing Decision, Retail Company, Indonesia
CONSUMER PREFERENCES TOWARDS SLOW FASHION PROCESS VALUE. CASE STUDY OF: X,Y,Z Mardhiyah, Nabilah; Dellyana, Dina
Journal of Business and Management Vol 7, No 3 (2018)
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Abstract. The word of sustainable living had been trends nowadays, fashion consumers are shifting towards sustainable slow fashion step by step. Thus, Indonesian fashion brands need to have knowledge in understand consumer preferences towards slow fashion process value. The research was conducted to study consumer preferences on slow fashion process value. The research uses qualitative method with Analytic Hierarchy Process (AHP) analysis, and Microsoft Excel processing. The research will have experts judgment in doing the AHP process. According to research, consumer of slow fashion are preferring durability in designing process meaning that longevity of the clothes are the most valued weight, quality driven in production process meaning that not only the quality of the clothes itself but also the quality of surrounding such as workers welfare and environment, and waste management in consumption process meaning that designers should be handling their waste better by reuse, reduce, recycle, or cradle to cradle. The brand that are most preferable to consumers is Brand Z. Thus, the recommendation is addressed to slow fashion companies in Indonesia, this research should be use as process priority based on consumer preferences. Thus, the recommendation of this research is aimed to the Indonesian Fashion Brands who is starting the slow fashion cycle. This research could be a consideration to have a better priority in process planning based by consumer preferences.Keyword: : Fashion Industry, Indonesian Fashion Brands, Slow Fashion
DETERMINANTS OF RETURN ON ASSETS OF BANKING SECTOR IN INDONESIA: CASE STUDY ON 19 COMMERCIAL BANKS IN INDONESIA FROM 2008 TO 2017 Mahmudi, Ilham Muharam; Anggono, Achmad Herlanto
Journal of Business and Management Vol 7, No 3 (2018)
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Abstract. It is recorded during the period of 2008 to 2017, 3 major banks in this research sample has changed its ownership to foreign-owned. While their asset categorized as foreign-owned, the asset growth of both domestic and foreign banks is still increasing despite the tightening competition from foreign banks. The determinants being observed in the research are CAR, LDR, FED, NPL, NIM, Bank Size, BOPO, CRDTA, INFL, and GDP with the dependent variable is ROA. This research used the sample of 19 commercial banks categorized as BACB 3 and BACB 4 over the period of 2008 to 2017. The result found out that NPL, BOPO, and GDP are having a negatively significant relationship to the banks’ profitability. While CAR, LDR, NPL, NIM, LNSIZE, and Inflation Rate found to be positive and significantly correlated with the profitability of the bank.Keywords: Commercial Bank, Determinant, Foreign Ownership, Return on Assets, Panel Data Regression   
IMPROVING INVENTORY MANAGEMENT AND FORECASTING SYSTEM IN PT XYZ Nirvana, Kinanti; Lestari, Yuliani Dwi
Journal of Business and Management Vol 7, No 3 (2018)
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Abstract. PT.XYZ, as one of fashion retailer in Bandung is facing issue on how to optimize their operation management. Currently, the company does not have any proper calculation on determining how much stock they needed, level of stock should be maintain, the appropriate time to reorder the stock and any system to forecast the future demand. That condition makes overstock and stockout occur in the company. This study is conducted in order to identify the root cause of inventory management issue and design the appropriate policy for inventory management and forecasting system in PT. XYZ. The study is conducted by using qualitative and quantitative analysis. No system to determine the appropriate stock, order quantity, and the time to reorder stock, no system to forecast the demand are causes of inventory management issue in PT.XYZ. Economic Order Quantity (EOQ) model is used to determine the new order quantity, and probabilistic and safety stock model to determine the reorder point (ROP) and minimum stock. The analysis finds out that the new proposed system can reduce the number of shortage, overstock, and decrease the total inventory cost.Keywords: Forecasting, Inventory Management, Economic Order Quantity, Reorder Point, Probabilistic Model
SIX SIGMA IMPLEMENTATION FOR CHILI SAUCE A IN PT K Puspadewi, Deandra; Lestari, Yuliani Dwi
Journal of Business and Management Vol 7, No 3 (2018)
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Abstract. PT K as a chili sauce company that has been running long enough in it has problems in its quality control. PT K wants to reduce the number of defect products to the maximum limit in the set. This research aims to identify existing problems and provide solutions that can reduce the defect products in PT K, using a six sigma methodology DMAIC as a tool for continuous improvement to achieve the company specification limit. This research is done through several stages such as, problem identification, data collection, literature review, observation, data analysis, conclusions, and recommendations for the company. The analysis results are used to provide solutions for companies to reduce the number of defect products and implement the given solution. This research scope is minimize into reducing the defect product of Chili Sauce A in PT K. The solution given was include of improving the raw material, employees training program, buy new machine and modernization the machine.Keyword :Chili Sauce A, PT K, Quality Control, Reduce Defect, Six Sigma
THE EFFECT OF MANAGERIAL OWNERSHIP, PRIVATE INSTITUTIONAL OWNERSHIP, STATE-OWNED INSTITUTIONAL OWNERSHIP AND PROFITABILITY TOWARDS DIVIDEND POLICY IN BANKING INDUSTRY Irmadani, Uci; Prasetyo, Ahmad Danu
Journal of Business and Management Vol 7, No 3 (2018)
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This research aims to determine the effect of managerial ownership, private institutional ownership, state-owned institutional ownership and profitability towards dividend policy in banking industry. The research model uses dividend policy to reflect the agency issues and conflict of interests between agent (manager) and principle (shareholder). This research is categorized as causal comparative research. The sample of this research is bank companies listed in Indonesia Stock Exchange (IDX) from 2012-2016. The data needed for this research is collected from each company’s annual report available in idx.co.id. This research use data panel regression analysis method. The results of this research show that the managerial and private institutional ownership have negative and insignificant effect towards dividend policy in banking companies in Indonesia. The state-owned institution ownership has positive and significant effect towards dividend policy in banking companies in Indonesia. Profitability has positive and insignificant effect towards dividend policy in banking companies in Indonesia.
DIVIDEND AND NON-DIVIDEND FACTORS EFFECT ON STOCK PRICE IN THE INDONESIAN STATE OWNED BANK: PT. BANK NEGARA INDONESIA SHARE PRICES PERIOD 2007-2018 Abiazka, Hifzhan; Nugroho, Anggoro Budi
Journal of Business and Management Vol 7, No 3 (2018)
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Abstract.Indonesia has experienced significant growth with the major development of infrastructure under the new government’s policy of Nawacita. This has opened the door for the growth of a number of critical sectors, one of which is the banking industry. The growth of the banking sector has been shown by the increase in its stock prices. BNI share prices had been on the rise in the past decade. However, BNI share prices began to fall into a bearish trend from March until September 2015. It is from this crucial period that the researcher would like to study the effect of dividend pay-out towards the stock price of BNI, as well as other non-dividend factors that may contribute to the price of stock, those factors being ROE, EPS, NIM, NPL Gross, NPL Nett, LDR, and BOPO. This research uses annual data of BNI dividend pay-out with monthly data of BNI share price that span from 2013 to 2018. As for non-dividend factors with share price, both variables uses BNI quarterly data from 2007 to 2017. The results shows that NIM and NPL Gross have a negative impact on stock price, while only LDR showed a positive impact. Dividend also showed a strong correlation with stock price. These results indicate that dividend is a highly considered factor for investors, as opposed to its financial performance in the financial reports. Therefore, based on the results, BNI and its investors should consider the dividend pay-out as it can impact the stock price.Keywords: Bank, Stock price, Dividend, Non-Dividend factors, Correlation.

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