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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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Forecasting and Volatility Analysis of International Soybean Price From 2004 until 2014 Novariandi, Panji Mario; Anggono, Achmad Herlanto
Journal of Business and Management Vol 4, No 10 (2015)
Publisher : Journal of Business and Management

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Abstract

Abstract.Soybean is the important commodity in Indonesia because its benefit. As the source of protein, soybean has been known and used for many food products such as tofu, tempe, ketchup, etc and most of the people of Indonesia tend to eat Tofu and tempe. The problem arises because Indonesia has become the importer of soybean and the international soybean price is volatile since 10 years. The price volatility can rise uncertainties and makes financial & strategic investment planning more difficult especially for soybean processor. Based on that problem, this paper is aimed to know the future price forecasting and the volatility of international soybean price in the next ten years. The result of this paper would be a baseline to hedge toward risk in soybean industry area. The sample of data is monthly international soybean price in periode of December 2004 until November 2014, counted for 120 observations. This financial time series data could be analyzed using Autoreggresive Integrated Moving Average (ARIMA) to show the result of the future price forecasting and volatily of soybean. There are three models tested here: ARIMA(1,1,0), ARIMA(0,1,1), and ARIMA(1,1,1). The result of this study shows that ARIMA(1,1,0) is the best model to forecast the international soybean price in the next ten years. Later in the forecasting result, there is strategy that can be recommended for soybean industry and importer to hedge against the volatility. The price predicted to rise sharply start from November 2016 until July 2018 so the soybean processor and importer especially should be prepared to establish forward futures contract before October 2016 for period November 2016 until November 2017 and December 2017 until July 2018 to lock the price against the upcoming trend that will come. After that the forward future contract shoukd be set once again to encounter with the upcoming trend which expected occur the next three years until August 2022. Keywords : soybean, volatility, future price, forecasting, ARIMA
Using Current Reality Tree to Analyse The Root Cause of Problem: A Case Study in PT Yumida Siba Utama Hidayati, Melati Rakhmah; Adhiutama, Akbar
Journal of Business and Management Vol 2, No 4 (2013)
Publisher : Journal of Business and Management

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Abstract

Nowadays, SMEs in Indoesia run into the good development and lead to better economy’s Indonesia. One of them is SME of motorcycle parts manufacturing. This paper aims to know what the root cause of problems that occur at SME of motorcycle parts manufacturing in PT Yumida Siba Utama. Open interview was used to know the current condition of company. Creating value stream mapping and check sheet were obtained by observation to plant. Data collection was taken from company and diveded into primary data and secondary data. Current Reality Tree was utilized to identify the root cause of problems. By using methodology mentioned above, the researcher found the root cause of problems which occurs. According to Current Reality Tree tool, the root cause of problems that occurs is the company doesn’t enforce the employees especially HR and operators to understand SOP. The construct of current reality tree design developed in this study reveals the existing condition and symtpoms. Therefore, this study can be viewed as an attempt to increase the level of awareness on problems that occurs at SME. Keywords: current reality tree, SME, manufacturing---------------------------------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.
PAIRED DIFFERENCE ANALYSIS OF STARTUP BUSINESS NEGOTIATION: STATED & IN-PRACTICE STRATEGY Syujana, Alvin; Hermawan, Pri
Journal of Business and Management Vol 7, No 1 (2018)
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Abstract. The need to understanding and possessing negotiation is very important since it is every day process involving future of the orgsanization. Meanwhile, it is become more important to startup, as an enterprise unit who have characteristic of small team of professionals that hold autnomy authority. In this study, it asked what strategy between those they stated, which consist soft & hard, and integrative. However, a good negotiator should able to implement the strategy to deliver a desirable outcome. Therefore, an issue to measure consistency of stated and in-practice strategy is raised. Two questions is developed: is there a difference between stated & in-practice negotiation strategy and if difference is exist what is the direction. A model of measurement is developed consist of 24 pairs consist of each strategy in negotiation dimension. The research indicate 11 out of 24 pairs have evidence of difference and 7 out of 8 integrative pairs indicate the strategy less likely than what expected. Meanwhile, 4 rest soft & hard pairs with difference shows positive direction. The result of this research indicate an overconfident and innability to perform integrative strategy existing in the sample and many respondent of the sample doesn’t recognize what integrative negotiation is. Keywords:  Distributive, Integrative, Negotiation Strategy, Paired Difference Test, Startup Business, 
THE INFLUENCE OF SMS BASED ON LOCATION TOWARD PURCHASE INTENTION Intariani, Diah Dewi; Belgiawan, Prawira Fajarindra
Journal of Business and Management Vol 7, No 3 (2018)
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Abstract. There is 308,2 million mobile subscribers in Indonesia (2015) that made the delivery ofmessages by mobile phone with purpose to promote their brand through mobile phone is become the interesting one. Mobile Advertising allows the delivery of information is done by personally and to many people in the same time that make more efficient and hit the right target. Beside that, communication through mobile phone is easy and can be adapted easily by consumer. This study discusses the influence of SMS based on Location towards Purchase Intention. The features of SMS location-based advertising (entertainment, credibility, intrusiveness, informativeness, permission, and customization) have on consumer attitudes and will affect their purchase intentions to the product. This study is a conclusive research with the descriptive design. A quantitative approach is applied by spreading online questionnaire to the closest friends and collecting 300 respondents. The result of this research will be asses using confirmatory factor analysis and structural equation modelling, The findings revealed that all the variable, Customization, entertainment, credibility, informativeness, intrusiveness and permission features have significant effects on creating an attitude towards SMS location-based advertising. In addition, when consumers show a positive attitude towards SMS location-based advertising, it also significantly influences their intention to purchase.Key Words: Attitude, Location-Based Advertising, Purchase Intention, SMS 
Managing Stock In Warehouse: A Case Study of A Retail Industry In Jakarta Paul, Yericho; Lestari, Yuliani Dwi
Journal of Business and Management Vol 4, No 7 (2015)
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Abstract

Abstract. Purpose – The purpose of this paper is to inform the warehouse management of PT. Chintaka Bumi Pertiwi, so that the company knows which processes or activities within the current warehouse work process is having problems in terms of performance or causing stock inaccuracy and to propose solution of the problems. Methodology / Approach – The methodology used for research is by interviewing the Logistics and Shipment Chief, Supervisor, and Administrator of PT. Chintaka Bumi Pertiwi warehouse resulting in the current warehouse work process, implemented SOP, number of goods lost during stock inaccuracy, number of inaccuracy case, types of goods lost, warehouse layout, goods placement. The data from interview process then compared to the actual data gathered through direct observation to identify current problems occurring and to see whether there are connections between these data. The compared result of both data collection then analyzed to see the real cause of problems within the company and the proper solution on how to improve current system by solving the identified problem. Last, recommendations will be given to the company on how to do the proposed solutions before and during the implementation. Findings – The inaccuracy case of the company increased by 11.3% with approximate value loss due to goods lost during the stock inaccuracy case in summed up around 30 million Rupiah. The current work processes is experiencing problems caused by procedure, company regulations, and the level of control applied within storage section. Research Limitation – The limitation of this research is the product types, which are CBK4401, CBK3402, CBK6402, CBG6301, CBG6302, and CBG1305 with the highest amount of inaccuracy case among other products; only focusing on the work processes of the warehouse; and the data from 2013 to 2014.
Danone Relation with the Stakeholcer in Multi-Party Partnership Project (Case study in Nanggerang Village) Febrian, Muhammad Ichsan; Rudito, Bambang
Journal of Business and Management Vol 2, No 1 (2013)
Publisher : Journal of Business and Management

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Abstract

Indonesia is one of developing countries in the world. Developing countries usually face some common challenge that is economic crisis, the lack of education among poor communities, even environmental problems. Especially undeveloped area Nanggerang village, Sukabumi, West Java, Indonesia. The lack of water system and sanitation became a vital problem for Nanggerang village. This problem made quite impacts for Nanggerang village community in their daily life, economic and environmental condition. The problem is in the village nanggerang extremely vital, due to the absence of supporting clean water in the village. Therefore, PT. Danone Aqua CSR held to resolve the problems in the village. PT. Danone Aqua is responsible for water supply in the village limits nanggerang because it is located in close proximity to the company's spring water. With the passage of these CSR activities, PT. Danone Aqua involving many stakeholders, which he called the Multi-party partnership program. By involving the central government as PU, local governments, NGOs namely YPCII, and also with local residents. this is where the problem occurs I call with a problem in community relations. Keywords: Multi-Party Partnership, YPCII, NGOs, Pemda, PU, Wash Program
INFLUENCING FACTORS OF LOYALTY: THE CASE OF CV JOHNSON FARM Sunanta, Grace Rosaline; Aprianingsih, Atik
Journal of Business and Management Vol 6, No 3 (2017)
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Abstract. Loyalty is a deep commitment to repurchase or subscribe to a product or service consistently in the future. It is not easy to retain customers loyalty in the increasing intensity of competition. Loyalty have a strong influence to a company’s survivability, including for a Business to Business (B2B) company such as CV Johnson Farm.  The purpose of this study is to investigate factors that influence the customer’s loyalty of CV Johnson Farm customers. Respondents for this study are business partners of CV Johnson Farm.The method that the researcher use is the quantitative method. Questionnaire was distributed to 32 respondents of CV Johnson Farm. Further, the data were analyzed using multiple linear regression. The result shows that relationship satisfaction and trust are positively and significantly related to loyalty. Thus, in order to increase the loyalty of CV Johnson Farm business customer, CV Johnson Farm needs improvement in their relationship satisfaction and trust. Key Words: Customer Loyalty, B2B Market, Service Quality, Relationship Satisfaction, Trust, Commitment.
Factors Influencing Costumers Buying Intention for Housing Unit in Depok Maoludyo, Faishal Tanjung; Aprianingsih, Atik
Journal of Business and Management Vol 4, No 4 (2015)
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Abstract

Abtract. Housing demand and supply in Jakarta is not balanced with the situation in greater demand. This makes the price of land rises. For those who can not afford to buy a home should choose to live in cities buffers such as Bogor, Depok, Tangerang, and Bekasi. Data indicate if Depok has the lowest land prices and the most to be the target, buyers. To take advantage of these opportunities, housing developers must know the characteristics of prospective homebuyers in Depok. This research will seek consumer behavior in buying a home in Depok.The basis of this study using input phase and the phase of the process. Input phase consists of marketing efforts by companies and social state of the environment. In the marketing efforts include marketing mix (4P) and the state of the state of the social environment includes influential people in buying property. In the phase of the process consists of awareness needs, information search, and evaluation options. The research will use questionnaires Both will be asked to use a Likert scale and with a nominal cross-sectional method. Once the data is collected, the data will be analyzed using descriptive analysis. Results indicate if the personal decision as important as the decision of the couple. They buy because of the urgent decision to stay. The sources of information used are the newspapers, the Internet, friends, and exhibition. And among many factors, the price factor is the most important factor. Keywords:Real Estate, Consumer Decision Making Process, Marketing Mix, Buffer City
Consumer Perception Through Healthy Drinks Packaging Design Feizal, Affan Abdul Ghaffur; Aldianto, Leo
Journal of Business and Management Vol 1, No 4 (2012)
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Abstract

Healthy living is already become concern in today’s society. According to many studies, people are also increasingly reflective in matters of health and willing to adopt health oriented changes in their eating habits. This change of habits creates a new opportunity in food and drinks industry especially for healthy drinks products. The intense competition between healthy drinks products made consumers is faced with large number of choices. It will be better for the producers to know consumers perceptions toward healthy drinks packaging design to overcome the competitions. The objective of this study is to find out on how consumer perception towards healthy drinks packaging design.In doing this research, Consumer Perceived Value (CPV) theory by Sweeney and Soutar (2000) is used. Basically there are 4 dimension of CPV; Emotional value, Social value, Quality/performance value, Price/value for money. But this research only used the third value which is the Quality/performance value because this research only covers with the consumer’s perception and consumer perceived value of the function of the products. The information processing model also used to understand how consumers build the perceptions.Men and women aged 15-40 years old who live in Bandung was taken as a respondent in this research. The selection of this range of ages is expected to get more variation in the result. By using a judgmental approach, questionnaires have been distributed between 29th July – 8th August 2012 to men and women who concern about health. Three isotonic drinks products were selected as research object. There are five element of packaging, which measured in each product by Likert scale. They are Logo, Image and Other Graphical Elements, Color, Size and Shape, and Benefits. There are also four attribute of perceived value measured; Product Quality Consistency, Product is well made, Product Has an Acceptable Standard of Quality, and the product will last for long time. Found in the analysis, Pocari Sweat successfully become a good example for healthy drinks packaging design, since it draws the highest score for each elements among the products. Pocari Sweat was success in the three level of information processing. It succeeds in implementing the same ambiance from advertisement to the product packaging. Also found that simple logo is more capable to bring the healthiness impression. Using bright color can help to emphasize the healthiness value. Besides, it also can make other important attribute can stand out. The clear visibility of the bottle became important for consumers to see the water inside the bottle.Keywords: Consumer Perception, Product Design, Perceived Value.Category: Marketing; Decision-makin
ANALYSIS OF INVENTORY MANAGEMENT OF PHARMACEUTICAL PRODUCTS AND CONSUMABLE MEDICAL EQUIPMENT IN KASIH BUNDA PUBLIC HOSPITAL Sari, Alivia Nurlita; Basri, Mursyid Hasan
Journal of Business and Management Vol 6, No 3 (2017)
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Abstract. For several recent years, Indonesia’s healthcare spending is continually growing year by year along with increasing in Indonesia’s Gross Domestic Product. In the most of Indonesian hospital, pharmacy plays a vital role because it takes high contribution of total hospital expenditure. The reason is because pharmacy should procure and handle many pharmaceutical products and consumable medical equipment, which are critically important to patient’s life. While hospital expenditure is continually growing year by year, hospital pharmacy is required to provide good service in delivering pharmaceutical products and consumable medical equipment to patients. Consequently, pharmacy supply chain is expected to be done effectively and efficiently in order to decrease hospital expenditures while maximize their customer service level. This research aims to verify overstock and understock issues of pharmaceutical products and consumable medical equipment in Kasih Bunda Public Hospital which directly related to  hospital’s customer service level. Secondary data  about current inventory management was collected from hospital’s document during January 2017 until March 2017. This research uses continuous review policy to determine current inventory status by comparing average inventory level between actual and ideal scenario. Cycle Counting based on ABC Classification is also used to check inventory record accuracy in daily basis with aims at increasing productivity while decreasing inefficiencies. From the analysis, author found that most of pharmaceutical products and consumable medical equipment in Kasih Bunda Public Hospital are enduring excessive inventory. By using continuous review policy, Kasih Bunda Public Hospital has money saving potential as much IDR 542,857,077 which result from overstock value or about 48% of the total actual inventory value. Keywords: AIL, Continuous Review Policy, Cycle Counting, Inventory, Pharmacy

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