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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
Estimating The Company Value of PT Jasa Marga Tbk Rachmat, Satryo Sidhi; Murtaqi, Isrochmani
Journal of Business and Management Vol 2, No 4 (2013)
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This paper will estimate the value of PT Jasa Marga Tbk as of 1st January 2013. The author will use discounted cash flow method in order to get the company value. The main method that will be discussed is discounted cash flow method with three different scenario, most-likely, optimistic, and pessimistic scenario. The problems to be solved are the company growth for the next 5 years which will use compound annual growth rate (CAGR), a discount rate to measure the risk of the growth which will use weighted average cost of capital (WACC), and the company valuation by summarizing the discounted free cash flow and the terminal value of the company. The author will use secondary data from the company’s financial report and historical data. The results from the method are ranging from Rp. 98,762,073,184,000 to Rp. 135,772,612,523,000. From the estimated company value, the author is able to determine the share value which range from Rp.14,524 to Rp.19,967. These values are effective as of 1st January 2013. The market value of PT Jasa Marga Tbk as of 1st January 2013 is Rp.5,550. In conclusion, PT Jasa Marga Tbk has a very good value and worth for investment as the value indicates. Keywords: company valuation, discounted cash flow, share value.Category: Finance---------------------------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.
VALUE FOCUSED THINKING TO DETERMINE ALTERNATIVE STRATEGIES IN BERKAH JAYA FLORIST BUSINESS Aprilian, Adho Kurnia Lefitra; Novani, Santi
Journal of Business and Management Vol 7, No 1 (2018)
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Abstract. One of the products that Indonesians typically use to reward certain moments is a flowered board. The flower giving of the board itself, is actually has a meaning as a symbol of appreciation of an achievement (Twsflorist, 2016). Berkah Jaya is one of the flower board company located in Bandung that was established in August 2017. According to Berkah Jaya owner, Mochamad Ramdhani (2017), Berkah Jaya implements several strategies in dealing with the tight flower market competition. One way is to modify the display of flower board products. Since its establishment, the demand for Berkah Jaya order has continued to increase. High demand orders are a promising business opportunity. But every month, Berkah Jaya on average is only able to do half of the number of incoming orders, because the conditions experienced Berkah. Therefore Berkah Jaya has not gained maximum profit. Based on the results of the Cost Benefit Analysis that has been done, it can be concluded that there are several possible alternatives to be applied by the company to achieve company objectives. Once we know some possible alternatives to apply, then we create a timeline of alternative implementation.Keywords: Cost-Benefit Analysis, Florist, Flowered Board, SWOT, Value-Focused Thinkin,
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
The Influence of Employee Engagement to Employee Performance at PT Telkom Bandung Azizah, Azmi; Gustomo, Aurik
Journal of Business and Management Vol 4, No 7 (2015)
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Abstract. The purpose of this research is to determine the relationship about employee engagement to employee performance, and the best recommendation for the company to increase their performance. This research was taken at Service Company which is PT Telkom Bandung, one of the first state-owned monopoly companies that required providing the best service to the public in this case phone users or customers. 100 questionnaires are distributed to six departments at PT Telkom Bandung. It develop by using Gallup’s Q12 questionnaire of engagement, ASTD theory (Say, Stay, and Strive), and their relationship to employee performance. The result show that there are 5 of 12 variables indicate very good level of engagement in driver variable of employee engagement, which are: Materials and Equipment, Opportunity to Do the Best, Someone Who Cares at Work, Associates’ Committed to Quality, and Best Friend. Besides, dimension of Strive has very good level as indicator of employee performance. There are 7 of 12 variables indicate good level of engagement in driver variable of employee engagement, which are: Expectation, Recognition of Good Work, Encouraged the Development, Opinions Count, Mission/Purpose, Progress of Work, and Learn and Grow. Besides, dimension of Say and Stay has good level as indicator of employee engagement. All driver variable of employee engagement has directly influence to indicator of employee engagement and indirectly influence to employee performance, and all indicator of employee engagement has directly influence to employee performance.    Keywords: employee engagement, employee performance, performance, job performance.
Constructing Optimal Portfolio From First State Investments indonesia's mutual Funds Period Eka Putra, Chandra; Soekarno, Subiakto
Journal of Business and Management Vol 2, No 1 (2013)
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The goal of this thesis is to construct an optimal portfolio based on Markowitz’s modern portfolio theory from First State Investments Indonesia’s mutual funds. The time horizon of this thesis is from the beginning of 2009 until the end of 2011. There are 3 optimal portfolios that have been created. Those 3 are Maximum Return portfolio, Minimum Stadev portfolio, and Maximum Sharpe Ratio portfolio. The creation of those 3 portfolios was helped by the MS Excel Solver add-ins to determine the weights of each mutual fund in a portfolio. Then those 3 portfolios compared to each other and the market with some performance measurements like Sharpe ratio, Treynor ratio, and Jensen’s Alpha. The calculation creates a result that the best performance achieved from those 3 portfolios is the Maximum Sharpe Ratio portfolio because the portfolio generates the highest Sharpe ratio. The highest Sharpe ratio according to Markowitz is the most optimal portfolio. That portfolio exceeds the market in terms of performance with 0.0674% average daily return and 0.5640% average daily standard deviation. This thesis focuses only for the NAV of 6 First State Investments Indonesia’s mutual funds, JCI historical data, and BI rate from 2009 until 2011. The outcome of this thesis is an investment to the Maximum Sharpe Ratio portfolio which has the best performance according to Markowtiz’s modern portfolio theory among the other portfolios, mutual funds, and the market from 2009 until 2011. There are changes in the NAV, JCI’s closing prices, and BI rate to support the proposed optimal portfolio strategy. This research creates an optimal portfolio based on Markowitz’s modern portfolio theory of First State Investments Indonesia’s mutual funds for investors. Keywords: Optimal Portfolio, Mutual Fund, First State Investments Indonesia, 2009-2011.Category:Finance; Performance Management.
EXPLORATORY ANALYSIS TO DEVELOP BATIK LIMBASARI AND ITS COMPETITIVE ADVANTAGE Sanctita, Mutia Puri; Wandebori, Harimukti
Journal of Business and Management Vol 6, No 3 (2017)
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Abstract. Batik is one of the popular fashions in Indonesia which has been acknowledged by UNESCO as original cultural heritage from Indonesia. In certain regional such as Purbalingga city, there is original written batik named Batik Limbasari that had been claimed by Purbalinga government as competitive commodity in Purbalingga. Batik Limbasari industry had undergone the rise and the fall through its development. Michael Porter introduced the theory Diamond Model of nation competitiveness consists of four segments which are firm’s structure, demand condition, supporting industry, and factor condition. Through this research, the author analyzed the current condition of Batik Limbasari industry. The research has an objective to give clear figure of the industry conditions and come up with some steps or applicative strategies recommended in order to develop the current industry. This research had been conducted in qualitative method by doing in-depth structured interview with the batik artisan, government, and PokDarWis Limbasari with the validation methods of triangulation to draw the repetitive results from the respondents. Prior to analyzing the internal and external environment of Batik Limbasari industry by doing environmental scanning, SWOT analysis, and Porter’s Diamond Model analysis. The result of this research revealed Batik Limbasari industry was still lack behind in several points. The difficulties to do regeneration combined with the low level of innovation decreased the interest of batik fashion especially to youth. Then, the demand condition was low due to the lack of marketing activities. The findings urged Batik Limbasari industry to develop its business process to be more innovative and responsive to market, also to strengthen the current domestic market. The recommendations for regional innovation system that could help the industry also formulated for Purbalingga government. Keywords: Batik Industry, Batik Limbasari, Competitive Advantage, Purbalingga City, Strategic Management
Degree of Awareness and Food Safety and Health Consciousness; The Impact on Confidence Towards MUI's Halal Logo (an Evidence from Bandung) Mahiranissa, Aulia; Hudrasyah, Herry
Journal of Business and Management Vol 4, No 4 (2015)
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Abstract. Indonesia in majority is inhabited by muslim religious communities. Almost all aspects of the society associated with Islam rules as a basic guideline. Islam preaches a systematic way of life. One of the standards is the concept of Halal. An Arabic word which means lawful or permitted for muslims. The existence of food composition awareness and some issues stated the widespread use of ingredients that are not healthy, has triggered Indonesian people to be more careful and rely on Halal logo which guarantees healthy food besides for obeying Islamic rule. With the growing issue regarding the issues, the presence of Halal logo becomes a factor that is able to support the consumer on their purchasing process. The study was then conducted with the aim of mapping the detail of factors that is able to make consumers believe in the Halal logo. Further to enrich the study, the research will also give an idea of what kind of consumers that have paid more attention to their use of the Halal logo on food and beverage products. With the Halal logo mapping and research on the types of consumer who has a special concern towards Halal logo, researcher hopes that this study can be the base insight about the implementation of the Halal logo by food manufacturers. This knowledge is expected to drive the muslim society in Indonesia to gain their confidence towards MUI’s Halal logo anad able to make them feel safer when they buy food ad beverage products in Indonesia. Keywords: Key word: MUI’s Halal logo, confidence, consumer, food and beverage, factor analysis.
Determining the Optimal Replenishment Policy for K-24 Pharmacy Pondok Pinang Gumilang, Giusti Reza; Basri, Mursyid Hasan
Journal of Business and Management Vol 1, No 3 (2012)
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This research discusses about the regulation of product replenishment in K-24 Pharmacy Pondok Pinang. The main problem is that the total cost to replenish 4 products with highest value is too high. This may because of the existing regulation isn’t optimal enough. The amount of stock in an order and the range time between orders is too flexible, and the lead time from ordering to receiving the product is also small, allowing the firm to order new supply almost in any day, without considering the ordering cost. The author decides to determine the optimal regulation for the future of product replenishment system in K-24 Pharmacy Pondok Pinang. Therefore, the author needs to find new strategies to find the right regulation of product replenishment system that can reduce the total cost. Design/methodology/approach: The theories used are demand forecasting to find the targeted year’s estimated demand, continuous and periodic review policy with the ROP, EOQ, OUL and SS inside it to find whether the product should order with fixed quantity or range of time, business process to know the roles and help the implementation plan.Finding: The end of this research shows that K-24 Pharmacy Pondok Pinang should use the continuous review policy as their replenishment policy to minimum their total cost in the next years. Existing regulation is too flexible, the firm can order supplies with any quantity in any time, it may good to avoid lost sales but not for their costs.Research limitations/implications: This research only focus to the inventory management of the 4 chosen product, the year used for observation is from the last 2 years ( and 2011), and the variable of inflation and expired date will be ignored.Practical Implications: There are changes in system of recording the stock and sales to support the proposed replenishment strategy.The outcome of this research is Replenishment Strategy in form of new Review Policy to apply to the K-24 Pharmacy Pondok Pinang’s inventory management that can reduce the total cost.  Originality/value: This research has an outcome which is Replenishment Strategy that can reduce the total cost.Keywords: Inventory Management, Stock Replenishment Policy, Demand Forecast, PharmacyCategory: Performance Management; Operation.
ANALYSIS CUSTOMER SATISFACTION LEVEL USING THREE-FACTOR THEORY AND REVISED IMPORTANCE-PERFORMANCE ANALYSIS IN EVERGLAM AESTHETIC CENTER Hutagaol, Jesica; Basri, Mursyid Hasan
Journal of Business and Management Vol 6, No 3 (2017)
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Abstract. The amount of women from teenagers until adults need to look beautiful and perfect, provide an opportunity for the beauty and care industry. This fact drives the various industry engaged in the field of beauty and care growth in Indonesia. Therefore, Everglam Aesthetic Center is one of the beauty industry that growing now. Everglam Aesthetic Center tagline is: It’s the Place to Get Your Infinite Beauty, which provide a comprehensive service to customers need to know which attributes more increase on the level of customers satisfaction and importance in order to provide better service quality. The purpose of this research is to measure, analyze and increase attributes service quality that related to customer satisfaction in Everglam Aesthetic Center and then propose some recommendations of improvement. The literature review that needed in this research is related to service quality, customer satisfaction, SERVQUAL, three-factor theory of customer satisfaction and revised importance – performance analysis.The result finding from the data analysis in Everglam Aesthetic Center, it can be concluded that customer are tend to be satisfied enough with the fulfillment of basic factor, excitement factor and performance factor using three-factor theory analysis. There are 14 attributes that classified into basic factor, 2 attributes that classified into excitement factor and 2 attributes that classified into performance factor. While based on IPA grid result, Everglam Aesthetic Center need to improve the attributes in Quadrant IV named as Concentrate Here because these attributes is importance, but the performance low.Keywords: Everglam Aesthetic Center, Service Quality, Three-Factor Theory of Customer Satisfaction, Revised Importance-Performance Analysis
Customers Motivation to Purchase Low Cost Green Car in Indonesia Sanjaya, Kevin Kynan; Indriani, Mia Tantri Diah
Journal of Business and Management Vol 3, No 6 (2014)
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Automotive industry in Indonesia is keep increasing year by year. Many of giant cars manufacturer such as Toyota, Honda, Mitsubishi, and even BMW and Mercedes-Benz have built their own factory in Indonesia. This is indicates the potential of Indonesia automotive industry to have a bright future and promising. Unfortunately, Indonesia is not able to make and develop their own car yet. With this low cost green car program, it is expected that Indonesia could have their own car which built and develop by Indonesian people and also to generate Indonesia automotive industry more evenly. The purpose of this low cost green car program is to provide affordable cars for middle-low class Indonesian people,so it could make them easier to transport. Moreover, with this low cost green car program, it is expected that could develop Indonesia because this car was designed and developed by Indonesian people and must have Indonesian attribute, and also could generates automotive industry more evenly because almost all of the component for this low cost green car is made in Indonesia. The purpose of this research is to get the information the relation between customers knowledge about low cost green car with their motivation to purchase low cost green car in Indonesia. Financially benefit, care to environment health, self-image, social norm and pressure, and interested with new technology is some of the main motivation to purchase low cost green car. This research is using the data which is collected by using questionnaire to  the owner of low cost green car in Bandung and Jakarta. The result of this research indicates that the customers motivation to purchase low cost green car is financially benefit. To analyze the data which is gathered by using questionnaire, this research is using descriptive analysis and crosstabs analysis.Keywords: Motivation, Knowledge, Low Cost Green Car