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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 793 Documents
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.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
Optimizing Organization Design Using Three Level Analysis of Organization at Engineering Division PT Bina Reka Cipta Utama Tawekal, Rio Lukman; Welly, John
Journal of Business and Management Vol 5, No 1 (2016)
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Abstract. PT. Bina Rekacipta Utama is an engineering consultant company at oil and gas industry. The owner of the company stated that the employee turnover rate was high and the owners wants fix the problem. The aim of this research was to analyzed motivation level of the employees because individual motivation has significance relation with turnover rate and employee performance. Since PT. Bina Rekacipta Utama is a service company, the engineers are the core of the company. If the employee performance of the engineers can be increase, the company performance also will increase. This research conducted using descriptive analysis and quantitative analysis for the correlation each variable to employee performance. To improve the management system, the researcher wants to analyze the engineering division because this division is the core of the company. The researcher tries to analyze 3 level of organization; Organization level, Team Level, Individual level. And create an organization model for PT. Bina Rekacipta Utama by using the data that have been gathered from the company as an evaluation material to fix its organization model. The researcher used 7S McKinsey organization model because it is the most simple and popular organization model to apply it at PT. Bina Rekacipta Utama Hopefully after the research is conducted the result can be used for PT. Bina Rekacipta Utama evaluation material. Keyword – Redesign Organization
Performance Measurement of Small and Medium Enterprise from "Wirausaha Muda Mandiri" Contestant Tumbuan, James Evan; Hudrasyah, Herry
Journal of Business and Management Vol 3, No 1 (2014)
Publisher : Journal of Business and Management

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Asbrtract- In order to become a developed country, Indonesia needs approximately 12 million entrepreneurs to fulfill the requirement that developed countries of at least 2% of the population are entrepreneurs. Bank Mandiri as a Government Bank makes a company social responsibility programs such as Wirausaha Muda Mandiri. Wirausaha Muda Mandiri awarded to young entrepreneurs who succeed in business. This program is success to increase the interest of young people to become entrepreneur and hoped young generation can success in business field.WMM has produced young entrepreneurs since 2007. Since 2007 there’s no measurement who measure the Wirausaha Muda Mandiri Performance. By using Strategic Factor Analysis Summary, this research aims to determine the performance of the Young Entrepreneur duo mainly regional winners in 2012 .After interviewing eight regional winners and by using the theory of Strategic Factor Analysis Summary showed that 3 of the 8 winners WMM has a below average value and potential bankruptcy. The results obtained are also the majority of these young entrepreneurs have the core competencies to compete. Unfortunately they do not have good cash flow and capital usually mixed up with owner’s money. Keyword: Wirausaha Muda Mandiri, Young entrepreneur, Developed Country, Strategic Factor Analysis Summary, Indonesia.
THE ANALYSIS OF EXTERNAL FACTORS EFFECT ON ONLINE CONSUMER BEHAVIOR TOWARDS ONLINE COSMETICS SHOPPING IN DKI JAKARTA Rahmatina, Nabila; Suharto, Yulianto
Journal of Business and Management Vol 7, No 3 (2018)
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Abstract. As online shopping is getting popular in Indonesia, the number of online shoppers in Indonesia is increasing. The population is dominated by female due to the increasing of purchasing power of female shoppers. With this phenomenon, bigger opportunities occurs for many women necessities industries to rise including online cosmetics industry. Despite the opportunities, the phenomenon also trigger bigger competition. In order to be the one who gives the best services, online cosmetics businesses must understand their consumers behavior. To understand the behavior, it is become a challenge for the businesses since the behavior is changing along the time. This research aim to to identify and analyze the effect of the external factors (perceived risks and trust & security factor) on online consumer behavior towards online cosmetics shopping. Through this research, the researcher also wanted to find out which factor is the most significant among the external factors. This research will be using quantitative approach and the data will be asses using path analysis on AMOS.The research revealed that all the external factors have negative effect and significant influence on online consumer behavior towards online cosmetics shopping. Moreover, time risk is proven to be the factor which gives the most significant effect among the others. The finding also revealed that there are actually linkages between the independent variables. Hopefully, the result finding could be beneficial for the online cosmetics businesses.Keywords: Cosmetics, Perceived Risks, Consumer Behavior, Online Shopping, Trust & Security Factor
ANALYSIS SERVICE QUALITY OF BPJS PHARMACY PT. MEDIKA ANTAPANI USING SERVQUAL AND KANO’S MODEL Ismaya, Yunita Riska; Adhiutama, Akbar
Journal of Business and Management Vol 7, No 3 (2018)
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Abstract.Background – The paper aims to help company to measure its customer satisfaction and identify which attribute should be prioritized for improvement through quantitative analysis of SERVQUAL and Kano’s Model.Methods - Data was collected using survey amongst randomly selected individuals from BPJS Pharmacy PT. Medika Antapani customer. There are two questionnaires. The first questionnaire was intended to measure customer satisfaction and the second questionnaire was used to classify each attributes into Kano Category. Further analysis by combining the results of two questionnaires to determine which attributes should be prioritized for improvement.Results – The result shows that there are 14 attribute of 16 attribute that has negative customer gap. It means that the customer expectation toward BPJS Pharmacy PT. Medika Antapani is higher than the perception. As for the attribute that should be prioritized for improvement according to Kano Category, there are 5 attributes that should be prioritized which are maintain speed and quality of service during busy time, provide enough seating for customer, employee always willing to help, employee have knowledge to answer question and polite and friendly employee.Conclusions – For better improvement of BPJS Pharmacy PT. Medika Antapanishould prioritized must be requirement attribute for improvement as customer see the attribute as basic service. The next one is try to reduce the customer gap between customer expectation and perception by fulfilling one-dimensional attribute. And as for achieve competitive advantage, BPJS Pharmacy PT. Medika Antapanican more focus in attractive attribute.Keywords: customer satisfaction, Kano model, pharmacy service, service quality, SERVQUAL   
Effective Marketing System for Fine Art Artist in Indonesia Larasati, Widya; Hudrasyah, Herry
Journal of Business and Management Vol 4, No 9 (2015)
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The research of “Effective Marketing System for Fine Art Artist in Indonesia” aims to give recommendation about the effective marketing system for fine art artist in Indonesia since a lot of Indonesian fine art artists do not have and use effective marketing system when market their artwork to the market. The empirical part of this study was conducted in June 2015 in Jakarta and Bandung area. The subject of this study were Indonesian fine art artists and gallery/art management and the research was done by using narrative analysis. This type of analysis produces strategies to inform the conduct, interpretation and presentation of interview talk, and encourages and enables researcher to take account of research participants’ own evaluations (Janine L Wiles et.al, 2004), which is very suitable with the conducted data collection method. On the basis of the result of this research, it is proved that Indonesian fine art artists do meet some difficulties especially because they do not have proper knowledge about artwork pricing system and marketing. The study resulted that understand market’s need and social media usage are the effective marketing for Indonesian fine art artist. The study offers all Indonesian fine art artist an effective marketing system, which hopefully can help them in building better art appreciation in the market and make more contribution to Indonesia’s economy. Keywords:Fine Art Artist, Effective Marketing, Marketing System, Indonesia
Measuring Bankruptcy Risk in Indonesian Contemporary Industries: Implementing Altman's Z-Score Framework Pramono, Wisnu Bayuaji; Nugroho, Anggoro Budi
Journal of Business and Management Vol 2, No 3 (2013)
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Financial analysis is used to give a broader picture and an understanding of a company business activity and operations. Financial analysis will help investors, creditors and shareholder answers the impending question about the company, Does the company liquidity situation is good? Can the company meet its obligations? Does the company rely too much on the debt? Can the company maximize the profits from its assets? In addition, financial analysis can reduce our reliance on hunches, intuition and guesses and reduces our uncertainty and unwanted when making decisions. Therefore to by using the analytical tools and technique of the financial analysis, one can reduce risk and project the future performance of the company within a given industry. The Altman Z-score model is mathematical for the creditworthiness of the company; the Z-score is a result of scientific investigation into the prediction of a possibility of bankruptcy of a company. This study will aim to find the equation model and the Z-score for each company in Indonesian contemporary using the multiple regressions analysis. The companies used in this research are from each sector in Indonesia Stock Exchange, furthermore the companies are the ones that are included in the LQ-45 from the period February until July 2013. The research will use the Altman’s framework and use multiple linear regressions to generate model that is compatible for each company. The study results shows that from nine companies that are tested for the Z-score, six of the companies is safe from bankruptcy, but action should be taken to avoid the risk of bankruptcy. The companies are Astra International with Z-score of 2.19, Aneka Tambang with Z-score of 1.89, Sentul City with 2.41, Indofood Sukses Makmur with Z-score of 2.18, Mitra Adiperkasa with 2.33 and Semen Gresik with 1.88. (Z-score 1.81 to 2.99). The other three companies, BW Plantation with Z-score 0.84, Jasa Marga with 0.96 and Bank Danamon with 0.61 is in the distress zones, which means the company can be categorized as highly likely to be bankrupt. Keywords: Altman Z-score, bankruptcy, financial analysis, financial ratios.------------------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.
ANALYZING THE IMPACT OF LEADERSHIP STYLE TOWARD ORGANIZATIONAL CHANGE IN PT PINDAD Fadillah, Fairuz Khansa; Pritasari, Adita
Journal of Business and Management Vol 6, No 3 (2017)
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Abstract.Background: There are many studies that identified the relationship between the leadership style and thesuccess of organizational change implementation is significant. In this research, the researcher focus on the real case that happened in PT PINDAD is currently on the process of implementing their new culture. The researcher tried to identify whether the leadership style has a significant relationship with organizational change . Methods: The  organizational  change  recipients’  belief  measured  using  OCRBS,  and  the  leadership  style measured using the Multi-Leadership Questionnaire.Results: The  results  of  this  research  show  that  the  leadership  style  has  significant  impact  on  the organizational change, and both of transformational leadership and transactional leadership give a positiveimpact on the organizational change. The current leadership style that PT PINDAD used is Management-by- exception, while results show that Inspirational Motivation is a leadership style that gives highest positive impact among other seven leadership style on organizational change in PT PINDADConclusion: improving the leadership style will beneficial for PT PINDAD, since there is a significant impactof  leadership  on  organizational  change.  Applied  appropriate  leadership  style  will  help  the  process  of organizational change implementation. Keywords: Leadership Style, Organizational Change, Transactional Leadership, Transformational Leadership 
Roemah Entrepreneur is Kind of Social Entrepreneurship Kusumaniyah, Putri Fajrin; Rudito, Bambang
Journal of Business and Management Vol 4, No 2 (2015)
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Abstract.Entrepreneurship is key driver of economic condition of a country. One important role that entrepreneurs play is creating job opportunities. The increased employment level will mitigate or reduce poverty levels and economic disparities and increase the per capita income all of which are indicators of economic development. This final project is to analysis is about social entrepreneurship (a case studty of roemah entrepreneur). The model used assess participation, observation, and interview. This models explain about impact to the member of Roemah Entrepreneur, impact to the surrounding  community, corporate social responsibility, community development, community empowerment, and social entrepreneurship. To find the data researcher abreasting activity of Roemah Entrepreneur in Kiaracondong, Bandung and interview with staff and member from Roemah Entrepreneur.Keyword : Corporate Social Respontability, Community Development, Social Entrepreneurship
Optimal Capital Structure of PT. S2P For Project Extension Cilacap CFSPP Unit 3 Extension (1x600 MW) 2307 kcal/kwh at The Year of 2012 Pratiwi, Yasmin Trianti
Journal of Business and Management Vol 1, No 1 (2012)
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In order to meet the electricity demand in Indonesia and rapid growth of the Company, PT.Sumber Segara Primadaya, a private company, wants to decide the best financing alternative for the Cilacap CFSPP Unit 3 Project Extension (1x600MW) at the super critical point of 2307 kcal/kWh at the year of 2012. Based on the feasibility study, the company requires some amount of fund, which can be acquired from the debt or the equity. However, the debt and equity proportion is very important for the return, because it is related to the cost of the financing; Weighted Average Cost of Capital (WACC). With the WACC method, the Company can determine the best financing alternative based on the lowest WACC. Furthermore, the result of the WACC approach will be compared with the financial projection of the Company when the project will start. Instead of using one method, the Company will also use the EPS (Earnings Per Share) approach as the comparing method. EPS method is a way to determined the best financing decision for the Company with considering the greatest Earnings Per Share in every debt-equity proportion level. The optimal financing alternative for this project is 50,60% of debt and 49,40% of equity. At this proportion level, the value of the Company also reach the highest point, USD 497.408.734. Based on the EPS method, the optimum debt level is 0% with the equity of 100%. The different result from both method can be occured because the EPS does not considering the cost of each financing decision. Overall, the WACC method are more preferred than the EPS method because EPS don’t calculate the financing cost of both equity and debt. The lowest financing cost will give the highest yield. Keywords : optimum capital structure, strategic financing decisions, WACC, earnings per share