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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 793 Documents
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Identification and Analysis of Accident Causes Using Human Factors Analysis and Classification System Approach in PT X Narendradewo, Pandu; Gustomo, Aurik
Journal of Business and Management Vol 2, No 1 (2013)
Publisher : Journal of Business and Management

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Abstract

The research’s purpose is to reveal most intense human factor to cause accidents within PT X January to July 2012 period by using Human Factors Analysis and Classification System. Result was created  by accumulating the accident hierarchy frequency from the Body Injured Incident Data record of six months along with the Injured Body Parts Map data to find out which part could be harmed on what level. Then from the summarized contents , human factors of accident would be extracted using Human Factors Analysis and Classification System (HFACS) approach, dividing each accident into specific category. To see which factor caused what, the accident hierarchy and the factors will be correlated to form a new variable,  reveals what kind of causes that appears the most and brought what type accident in result. That step will then completed by adding injured parts to the the one got found. The result overview pointed at revelation of Skill-Based Error and Physical Environment as the dominant of factors that lead to Medical Treatment accidents during the period. The result then would be a consideration to develop accident prevention program with focus on those two. Keywords; Safety,Human Factors Analysis and Classification System, Accident.Category:Human Resources Management, Safety and Health Management
STRATEGY FORMULATION IN ENCOURAGING COMMUNITY DEVELOPMENT OF GEOPARK CILETUH-PALABUHANRATU SUKABUMI Widhikora, Destria Arundani; Hudrasyah, Herry
Journal of Business and Management Vol 6, No 3 (2017)
Publisher : Journal of Business and Management

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Abstract

Abstract. Ciletuh-Palabuhanratu Geopark is a tourism destination in Sukabumi district which is relied by the government of West Java to hold UNESCO Global Geopark status by the year 2018. However, for the geopark to be recognized as such, it needs to pass the requirements set by UNESCO, which is to develop the geopark area using sustainability concept and community development in mind. All these three aspects; economical, socio-cultural, and environmental, should be sustainably managed. This research aims to explore new strategies for CPG management in the cause of sustainably developing Ciletuh-Palabuhanratu community areas. In-depth interview, journal and article study are used as main data collection methods. Environmental scanning is conducted before strategic formulation using SWOT Analysis, TOWS Matrix, and Porter’s Generic Competitive Advantage. External analysis found that trend of ecotourism and the use of internet for tourism is rising, community members are mostly cooperative yet lacking in education about conservation, geopark vision, and foreign language. Internal analysis found that geopark has many diversities, strong government ties, and team of experts, but their problems are lack of infrastructure and public business facility and threat from illegal mining. Keywords: community development, Geopark Ciletuh-Palabuhanratu, local community, strategy formulation, sustainability
Determine the Appropriate Forecasting Method and Inventory Model in Tang Company Margono, Steven; Lestari, Yuliani Dwi
Journal of Business and Management Vol 4, No 4 (2015)
Publisher : Journal of Business and Management

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Abstract

Abstract. Purpose – The purpose of this paper is to give recommendation in terms of inventory management to Tang Company. So that, production is on time and in the right amount (avoid overstock, shortage).  Methodology / Approach – The methodology used for the research is interviewing company’s Director and Secretary and collecting company’s purchasing and sales data to get company’s business and product data. After that, company’s type of demand is identified and a new inventory model which suits with the demand characteristic is proposed. Current company’s inventory management system is also analyzed and compared with proposed inventory model to see whether the new inventory model gives more benefit to the company. Finally, recommendations will be given to the company with how to implement it to their system and daily operation. Findings – Tang Company’s demand and lead time are variable, so probabilistic model is used to determine the safety stock and reorder point. EOQ model is used to maximize order quantity, while Material Requirements Planning technique is used to calculate total cost for proposed inventory management. After both existing and proposed inventory management results are compared, it seems that the company can save a large number of money by implementing the new inventory model. Research Limitation – The limitation of the research is types and colors of material and final product, which are bur polyester benhur, donker, and black; and purchasing data and sales data, which are from 1st January 2014 until 31st December 2014. Keywords: Inventory Management, Economic Order Quantity, Probabilistic Model, Material Requirements Planning, Textile Industry. 
Estimating Company Value of PT. Sarana Menara Nusantara Tbk Setianto, Aryudho Mahardi; Noveria, Ana
Journal of Business and Management Vol 1, No 4 (2012)
Publisher : Journal of Business and Management

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Abstract

This paper examines valuation process of PT Sarana Menara Nusantara (SMN) Tbk, a company in tower telecommunication industry. SMN currently is the market leader of its sector, and on its high growth stage. The valuation was conducted using three different methods, which are asset-based valuation, market approach, and discounted cash flow with three different scenarios, which are most likely, pessimistic, and optimistic. The result of this research will be used as suggestion to the company’s management board to increase its value and maintain its growth. Furthermore, the fair stock value per share also calculated in this study, and will be compared to the current market value of the stock, because SMN is a public listed company. The result shows that the company value for 1 January 2012 ranged from Rp 8,568,330,000,000 – Rp 22,035,565,508,695 after calculated using those three methods, and the fair stock value per share were below the current market value.Purpose: This research focuses on valuating PT Sarana Menara Nusantara (SMN). Then this research will be continued to find recommendation about strategies and actions that can be implemented by the company to maximize its company value and increase shareholder’s wealth.Design/methodology/approach: Methods that used in this research were asset-based value, Price to Earning Ratio, and mainly Discounted Cash Flow, with using weighted average cost of capital as the discount rate. Quantitative data was used and it is taken from audited financial report of the company.Findings: The result shows that the company value for 1 January 2012 ranged from Rp 8,568,330,000,000 – Rp 22,035,565,508,695 after calculated using those three methods. The fair stock value per share were below the current market value. The high market price is caused by market perception, perceiving that the company is now on a high growth stage.Research limitations/implications (if applicable): This research was conducted by collecting and analyszing the financial report of PT Sarana Menara Nusantara (SMN) in the period of 2009-2011. The research focuses on valuing the firm and estimating the value of company stock per share.Originality/value: The paper valued a public listed company, and Valuation;Kewords: Corporate Finance; Discounted Cash Flow; WACC; P/E Ratio; Asset-based value, Projection; tower industry; public listed companyCategory: Finance;
ECONOMIC FEASIBILITY STUDY OF BLACKSTONE COFFEE Al Farisy, Haidar; Sukarno, Subiakto
Journal of Business and Management Vol 6, No 3 (2017)
Publisher : Journal of Business and Management

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Abstract

Abstract. The growth of coffee industry in the world keeps increasing. Coffee is constantly changing from a daily morning routine to a part of modern lifestyle. This phenomenon gives a huge possibility for coffee shop owners to draw their market. PT Blackstone is a new start-up company that founded recently in Indonesia that wants to enter coffee business. Based in Jakarta, Blackstone plans to invest in a new coffee shop business. The author intends to conduct a feasibility study to assess the investment in coffee shop business for PT Blackstone. The feasibility study uses financial tools such as profitability to determine profit margins, net present value (NPV) to consider the time value of money, internal rate of return (IRR) to calculate the discount rate of an investment, and lastly the payback period to evaluate proposed investment in how long it gets the return of the capital. After collecting the data, the author will process the data to extract the information needed for analysis which is the next step. The result of this economic feasibility study for PT Blackstone is feasible despite the profitability index that indicates no profitability. There are some suggestions for PT Blackstone to adjust this feasibility study result.Keywords: Coffee Shop, Feasibility Study, IRR, NPV, Payback Period, Profitability Index
Workload Analysis on CV Saswco Perdana Mayasari, Mia; Gustomo, Aurik
Journal of Business and Management Vol 3, No 6 (2014)
Publisher : Journal of Business and Management

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Abstract

The research aimed to find out how the workload can be evenly distributed in CV.SaswcoPerdana, so employees have clear job analysis. The methodology used is Workload Analysis. Primary data is collected by questionnaires and workload form that distributed to 12 employee and interview the management. There are several job positions are overload and under load. Overall, the most employees understand their job analysis and know their standard workload. Suggestions for CV.Saswco Perdana are company should review the job description for employee of each position and reduce some overload job to under load job. Keywords: Workload, Job Description, Human Resources Management, Workload Analysis Category: Human Resources Management, Human Resources Planning, Work System, Workload Analysis
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)
Publisher : Journal of Business and Management

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Abstract

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.
COMPARING ATTITUDES TOWARDS BRAND FOR SPONSORED POSTS AND PAID PARTNERSHIPS ON INSTAGRAM IN INDONESIA Satara, Ashifa; Belgiawan, Prawira Fajarindra
Journal of Business and Management Vol 7, No 3 (2018)
Publisher : Journal of Business and Management

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Abstract

Abstract. Background: Digital advertisements are more commonly used in this age of technology, with Native Advertisements being examples of the more popular forms of digital advertising that is usually encountered on social media. Social media has proven itself to be a useful tool for building brand awareness, however, it has a greater risk of damaging the company reputation which can affect overall consumer’s Attitudes towards Brand. The amount of Instagram users has exponentially grown over the past few years and its overall stability compared to other social media platforms shows its potential as an advertising platform. With companies spending more on Native Advertising, especially on social media, it is important to know the advertising value for using Native Ads and its relation and effect on Attitudes towards Brand. Thus, this research aims to explore the advertising value of Paid Partnership and Sponsored Post and its relationship and effect on Attitudes towards Brand. Methods: The most commonly applied theory to measure advertising value and Attitudes towards Brand is the Ducoffe Advertising Theory which is used in this research. Quantitative method is applied by spreading online questionnaire to 350 Instagram users based in Indonesia. The data is analyzed using Partial Least Squares (PLS) method and Paired Sample t-test. Results: The results show that the Ducoffe Advertising Value theory can be applied to Paid Partnership and Sponsored Post on Instagram and there is a significant positive correlation between advertising value and Attitudes towards Brand. Conclusion: While overall results shows that Paid Partnership generates more positive Attitudes towards Brand compared to Sponsored post, only one out of five constructs of attitudes towards brand is statistically significantly different and subsequent analysis using several subsamples obtained in this study shows that several subsamples prefer Sponsored Post over Paid Partnership. So, the decision to choose which method of Instagram advertising should take in several factors: target audience, budget, goal, and duration of the campaign.Keywords: Advertising Value, Attitudes towards Brand, Digital Advertising, Instagram Paid Partnership, Instagram Sponsored Post, Native Advertising
Transforming Museum Experience Using User-Experience Based New Product Development Hapsari, Larasati; Iskandar, Budi Permadi
Journal of Business and Management Vol 5, No 3 (2016)
Publisher : Journal of Business and Management

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Abstract

Abstract. Museum is a public space in which the society can find both educational and recreational values. According to Hooper-Greenhill (1999), museum should function as one of educational media for society, therefore the relevance of its product and its function is considered important. However, along with the vast development modern civilization in big cities in Indonesia, museum becomes less popular compared to other public spaces such as mall. The problem lies on the unninovative product presented in museum, which is described as stagnant, not interactive and unattractive by its target market: children and family. Therefore, researcher attempt to solve the problem through proposing new product development (NPD) method. In today’s world, industrial-age product development methods which only focused on feature is proven to be inefective, leaving company to build something people don’t need. Thus, new product development method is invented, putting user research as first step of the entire product development process. Taking also into account, a great product is not merely build based on feature, but experience. That’s where researcher need to consider User Experience as the core of the product. Therefore, this research is conducted to examine the first step of product development process based on Crawford & Benedetto Model with focus on User Experience. Bandung Geological Museum is choosen as the site of research based on its significancy toward West Java people, specifically Bandung people. Researcher attempt to asses current need of museum visitors compared to the current experience presented using Laddering Method interview proposed by Zaaman & Abeele in 2010 based on following aspect: motivation, feel, thought and learn. Later, researcher presented them with three different level of product interactivity based on Fragidis et al model proposed in 2014. The result shows that the most desireable experience desired by children as Bandung Geological Museum visitors are related to these keyword: co-creation interactivity, familiarity and dinosaurs-themed.As a response to the finding, researcher propose an idea of creating buildable paper dinosaurs mask with voice changer feature. This idea is a result of brainstorming session, produce and build with PT Sembilan Matahari, a creative design studio based in Bandung.Keyword: museum, user experience, new product development(NPD)
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)
Publisher : Journal of Business and Management

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Abstract

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

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