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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 793 Documents
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Financial Feasibility Study of PT Jasa Medivest Refinancing Plan Muhammad, Ikhsan Armand; Surya, Budhi Arta
Journal of Business and Management Vol 1, No 4 (2012)
Publisher : Journal of Business and Management

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Abstract

Toxic Waste is always related in every single human activities, it will never separated from the human activities because toxic waste itself produce through the activities. For most of people, the main problem is in our country, most of the business empire did not have proper toxic waste management system that cause pollution. One of the toxic waste that happens to make some problem in the world is Medical waste, this type of waste is produce from every medical activity, it can happens from a giant hospital or  private practice at home as long as there are a medical activity the happen in the area.  PT. Java Medivest is one of pioneer in medical waste management business sector, it began to operate since March 2009, with operating one unit of incinerator that have a capacity of 12 ton/day. PT. Jasa Medivest established by Foreigners Capital, with 95% of the shares is held by Pantai edivest Sdn.Bhd, Malaysia and the other 5% is for PT. Jasa Sarana. Incinerator PT. Java Medivest is in Interchange Road Toll Dawuan, Dawuan Tengah, Karawang, Jawa Barat.Purpose: The objective of this research is to determine whether the Refinancing fo PT. Java Medivest is feasible or not.Design/methodology/approach: The data will be process and analyze by concluding the problem solving model based on the method of making a good feasibility study, this model is a common type of model of concluding feasibility study.Findings: Equity capital according to the Deed Decree of Shareholder No. 25 dated November 8, 2011 made before Mala Mukti, SH, LL, M, Notary in Jakarta, with the amount of Rp.448.291.000.000, 00, divided into 48.1 million shares, each share par value is Rp.9.320, 00 . The changes, issued and paid-up capital has received approval from the Investment Coordinating Board according to his letter No. 2742/A.8/2011 dated October 31, 2011. From the capital, have been issued and paid up for 25.04% or 12,043,369 shares with a total nominal value of Rp.112.244.199.080, 00 by the shareholdersWith the proposed sale of all the shares owned by Pantai Medivest Sdn Bhd, Malaysia, the PT. Jasa Sarana is the sole shareholder. But according to the provisions Act of Limited Liability Company No. 40 of 2007, later than 6 (six) months after becoming the sole owner, PT. Jasa Sarana must release ownership of shares to investors. However PT Jasa Sarana committed will remain the majority shareholderOriginality/value: As a conclusion, the NPV of this project is Rp.2.728.182.294 and the IRR is 24,47%Keywords: Feasibility-Study; NPV; IRR; Payback-Period; Refinancing, Medical WasteCategory: Finance
EFFECT OF FMCG PRODUCT PACKAGING TO CONSUMER PURCHASE DECISION Alyaningtyas, Farah; Fachira, Ira
Journal of Business and Management Vol 6, No 3 (2017)
Publisher : Journal of Business and Management

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Abstract

Abstract. Indonesia’s Fast Moving Consumer Goods (FMCG) industry is considered to be one of the most attractive industries with over USD 10 billion in sales. As the competition is become more stringent, marketers began to use packaging as a marketing communication and promotion tools and pay more attention to the element of packaging that would attract customer and affecting their purchase decision. This research aims to explore the elements of packaging which have the most significant part on impacting consumers purchase decision. The element of packaging examined in this research are packaging color, background image, packaging material, packaging design, printed information, and innovation. The data for this research were collected by distributing the questionnaire to a required respondents. The result show that there is a significant effect between the element of packaging to consumer purchase decision. From six packaging element, packaging material and printed information is believed as the most significance elements on impacting consumer purchase decision. All the marketers should pay attention for a good quality of packaging and set the packaging standard and implement it for a better protection and promotion for a product. Keywords:  Packaging, Purchase Decision, FMCG product, Packaging Design, Element of Packaging
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)
Publisher : Journal of Business and Management

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Abstract

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 RELATIONSHIP OF WORK ENVIRONMENT TOWARDS EMPLOYEE’S JOB SATISFACTION FOR MILLENNIALS IN JAKARTA Wicaksono, Dimas Fauzi; Pritasari, Adita
Journal of Business and Management Vol 7, No 3 (2018)
Publisher : Journal of Business and Management

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Abstract

Abstract. The objective of this study is to find out what factors affect employee work satisfaction and what factors are the most dominant drivers of each generation of work. Focusing on Generation X and Generation Y as the most dominant generation in a company, this research will measure the level of employee work satisfaction in PT PP in Jakarta. This research is supported by the theory of Herzberg Two Factors Theory and Job Characteristic Model chosen to assist the researcher in conducting the analysis of this research data. Using quantitative methods, the researcher distributed questionnaires to employees at PT PP Jakarta to assess the level of job satisfaction indicator. The results obtained from this study are the dominant factors from each generation are different, the promotion of work for generation X and the salary for generation Y.Keywords: Generation X, Generation Y, Job Satisfaction, Working Generation, Motivation Factor
Design of Corporate Performance Management Based on Integrated Performance Management System (Case Study: PT. IEV Pabuaran KSO) Cornell, Axel William; Wibisono, Dermawan
Journal of Business and Management Vol 5, No 3 (2016)
Publisher : Journal of Business and Management

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Abstract

Abstract.As a growing oil company in KSO (Kerja Sama Operasi) industries, which is a partnership to state oil company Pertamina Upstream (EP), PT. IEV Pabuaran KSO (IEVPABKSO) performance is in need of improvements. As we know, oil price is dropping below US$ 35 USD/barrel which is close to the lifting cost of crude oil production, which forces every oil company in the market to adjust their strategy and adapt to the situation. IEVPABKSO also suffers a quite big loss in 2015 because of their failed drilling project, which led to zero production and negative profit margin for them, despite their target which to reach positive profit. IEVPABKSO have not yet implemented performance management system in their company, which leads to to inconsistent internal performance of their company. For 2016, the Integrated Performance Management System (IPMS) Framework are being used because of their flexibility to match any companies, whether profit or non-profit. The objective of the of this research is to determine the proper indicators or the KPIs, develop a performance management framework and analyze IEVPABKSO’s performance through radar diagram. The data is gathered by focused questionnaire, having discussion with the general manager of IEVPABKSO and analyzing the internal data of the company. The vision and mission of IEVPABKSO will be analyzed by Vision Generator from Wibisono (2012) and the preferable KPIs is all taken from Panduan Penyusunan Indikator also from Wibisono (2011). After analyzing the available data and having discussion the the general manager, we’ve come to an agreement that vision and mission of IEVPABKSO is already a good vision and mission. The KPIs that resulted from the questionnaire and the discussions with the management consists of 53 preferable KPIs with no Gap and False indicators. From the performance framework and the analysis, we can conclude that IEVPABKSO has a good performance in planning and estimating their costs. They should maintain their conditions and their current performance. Improvements need to be considered as their long-term plan.Keywords: Performance Management System, Key Performance Indicators, Performance Management Framework, Integrated Performance Management System, Oil Company, IEVPABKSO. 
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)
Publisher : Journal of Business and Management

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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.
Indonesia Young Generation Appreciation Towards Korean Popular Music (K-Pop) Ivadaputra, M. Firdaus; Rudito, Bambang
Journal of Business and Management Vol 2, No 4 (2013)
Publisher : Journal of Business and Management

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Abstract

At the beginning of the second decade in the 21st century, K-Pop which part of the Korean Wave (Hallyu) has managed to achieve success flapping wings to foreign countries. Indonesia is one country that is affected by the presence of K-Pop music. K-Pop music influences in Indonesia that occur are marked by numerous musical concerts which held by Korean boyband and girlband. Likewise the emergence of new boyband and girlband from Indonesia who are follow K-Pop musical style. Indonesia's young generation is now being hit by K-Pop fever. The research is conducted to capture a phenomenon of K-Pop culture by young generation in Bandung which expected to represent Indonesia in general. The studies illustrate several aspects: the background of K-Pop could become a trend among the younger generation, identifying the role of media in spreading K-Pop music, as well as the culture that appeared among K-Pop fans. Various kinds of appreciation are made by young generation towards K-Pop so it emerges a new habit among K-Pop fans. Results indicate three aspects of research that can make a successful K-Pop captivate Indonesia young generation, specifically in terms of content, delivery, and the behavior of K-Pop consumer itself. In terms of content, K-Pop are adored because of artist physical appearance, music, and choreography which is exciting and has typical features. In terms of delivery, K-Pop which is dependence on the Internet and advances in information technology make K-Pop easily and quickly spread. In terms of fan behavior, they are always well appreciated and very loyal with their craze. K-Pop having some effects of positive but also negative for Indonesian people especially among teenagers. It is so easy for Indonesian people society to accept foreign cultures which can actually shift the original Indonesian culture. The entry of foreign culture into a country is actually reasonable as long as the cultural in line with the personality of the nations. However, we have to keep on maintaining the culture in order to keep our culture not fade away. Keywords: K-Pop, young generation, popular culture, internet media----------------DISCLAMER: This paper is created by undergraduate students of School of Business and Management ITB in partial fulfillment of the requirement of the degree Bachelor of Management. Journal of Business and Management is not responsible for the content, opinions, or any other materials expressed here.
SIMULATING THE LOGISTIC PROCESS REDESIGN OF MATERIAL PLANNING IN UPSTREAM OIL AND GAS INDUSTRIES CASE STUDY HUSKY CNOOC MADURA LIMITED 2016 Bobby, Caesar Ramos; Handayati, Yuanita
Journal of Business and Management Vol 7, No 1 (2018)
Publisher : Journal of Business and Management

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Abstract. This research will examine the logistic process that usually applied by the upstream oil and gas company by looking inside the Husky CNOOC Madura Limited (HCML) and how the problem of huge amount of excess material and dead material may happen when the company planned the material that will be needed. By using the theoretical framework of BPMN  to know why the problem of excess material and dead stock may happen when planned the material, it need to be check by looking into the logistic process, because of that this research will be focus on the logistic process, which to looking the logistic process it need to look into the system of logistic in the company and understanding  the integration of the system and its process, because the logistic process are the modeling of the system that applied by company. Based on that this research will be take look in the area of order processing and inventory control, to know how the logistic process of the material planning are applied by company. Husky CNOOC Madura Limited (HCML) is one of the production sharing contractor in the upstream oil and gas industries which stand in 2011, this company engaged in the upstream oil and gas industry which the company are based on Jakarta and conduct the production on the Madura strait block. Like most of other companies or contractors which engaged in the upstream industries, the activities that engaged in company was helped by using the third-party provider. Some of the problem appear in logistic when using the third parties are the lack of management in buying material or planning the material that will needed, and because this lack it usually made the excess material and dead stock that make a loss to company and HCML also already done some improvement to reduce the problem cause but it still not satisfies the company, because of that to more optimize the improvement, now HCML want to redesign its logistic process . Findings on this research was found that the problem of excess material and dead stock may happen when planning the material because the company applied an anomaly for their system and the integration which in their system they applied the pull system and for their integration it applied the MRP which the origin of MRP are the push system. Because of that it made the logistic process become distracted and not completed. Based on this research if the company want to applied the system and the integration like that it need to explain in the logistic process, to avoid the problem of excess material and dead stock happened. Keyword: Logistic Process, Excess Material, Dead Stock, HCML 
DETERMINING TIME SERIES DEMAND FORECASTING AND MATERIAL REQUIREMENT PLANNING FOR TUNA TOFU PRODUCT AT NIKMAT LESTARI COMPANY Pertiwi, Kartika Cahya; Handayati, Yuanita
Journal of Business and Management Vol 7, No 3 (2018)
Publisher : Journal of Business and Management

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Abstract. Forecasting plays important role in every business. Most of business decisions are made under the conditions of risk and uncertainty. A company could lessen the adverse effects of risky by determining the demand prospects for its products and services in the future. Same goes to inventory management. With good inventory management, it ensure that the materials would be available in sufficient quantity and at the proper time for production to happen. This research’s aim is to determine the appropriate demand forecasting system and material requirement planning for tuna tofu product of Nikmat Lestari Company. Nikmat Lestari Company is one of the pioneer of tuna tofu producers in Pacitan that already has their product shipped to Jakarta. For determine the appropriate demand forecasting system for Nikmat Lestari, the forecasting method used in the analysis involved Time Series Forecasting method. The forecasting method was checked using measurement of forecast error tools. After finding the appropriate forecasting method with lowest error, determine the appropriate material requirement for tuna tofu. The result of this research showed that Winter’s Model is the most suitable demand forecasting system for Nikmat Lestari Company because it produces the most accurate forecast result and least forecast error. For the material requirement planning, Lot-for-lot is the most suitable for Nikmat Lestari Company because it has lower cost compared to EOQ method.Keyword: demand forecasting, inventory management, Material Requirement Planning, Nikmat Lestari Company, tuna tofu
Supply Chain Finance Analysis Towards Corporate Performance in PT ABC Purnomo, Orieza Alif Putra; Handayati, Yuanita
Journal of Business and Management Vol 4, No 7 (2015)
Publisher : Journal of Business and Management

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Abstract

Abstract. PT.ABC is a steel fabricator company with many projects and experience in steel industry and infrastructure. As one of the manufacturing company, PT.ABC is relaying their operational activities through supply chain management. Supply chain management is one of strategic decision of a business. Supply chain management is also a network of organization that includes supplier, manufacturers, distributors, retailers, and customers. Focus of supply chain management is took place in the customers side, the primary purpose of the existence of supply chain management is to satisfy the customer needs, alongside the process of gaining profit. In order to maximize the operational activity of supply chain management, financial side is taking support in background. To support supply chain management there are several tools that also taking advantage in the financial side, one of them is supply chain finance (SCF). Supply chain finance is an alternative funding consists of three different parties’ there are financial institution (bank), buyer, and supplier. SCF form a different way of funding that affected company’s financial performance to leading into operational performance. The purpose of this study is to identify impact from applying SCF program toward four different indicators as the working investment, account payable desk on hand, the cost of goods sold, and current ratio specifically seen from buyer’s perspective. To analyze the findings, a quantitative descriptive analysis employed. The result of this study could use to evaluate operational performance through financial performance in the company. The result is important because it will explain the improvement of performance and the impact of applying SCF program based on four indicators. By knowing those indicators, it can help PT.ABC to decide whether to use this program or not in the next year business activity. Keywords : Supply Chain Finance, Buyer perspective, Corporate performance, Steel fabricator, Manufacturing.

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