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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.
Arjuna Subject : -
Articles 793 Documents
Analysis of Corporate Culture Existence in Pertamina EP Darmadi, Linda Pratiwi; Gustomo, Aurik
Journal of Business and Management Vol 1, No 2 (2012)
Publisher : Journal of Business and Management

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Abstract

The research aimed to know the current condition of corporate culture in Pertamina Eksplorasi Produksi (PEP), its culture design and Management approach related to employees implementation of corporate culture. The methodology used is by collected PEP Company’s profile, business ethics and works (EKB) files and list of employees’ population. Primary data is collected by questionnaires that distributed to 130 samples and interview with management. There were 3 dimensions (sincere, strong and sensible) which created 19 variables based on business work and ethics files of PEP. Those variables created 4 new factors (professionalism, commercial branding, corporate confidentiality and courage).  Overall, the most understood by employees is factor commercial branding and the lowest is corporate’s confidentiality. Suggestion PEP is management should create atmosphere of less underestimated the small problem that rise in workforce, for example, in confidentiality of data, employees still underestimated few problem like destroy the data that period of retention already expired.Keywords; Corporate Culture, Pertamina EP, Factor Analysis, Business Ethics and Works.Category: Human Resources Management; Organizational Development and Culture.
Supply Chain Management at Cattle Feedlot Company PT Agrisatwa Jaya kencana by using Soft Systems Methodology Amalia, Zeika Deina
Journal of Business and Management Vol 6, No 2 (2017)
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Abstract. In recent years, the prices of beef in Indonesia keep rising and never went down to the formerly prices. These situations happen caused by high demand from the society while the domestic cattle supply is insufficient. As the implication, the price of beef in the market is soaring. Many factors that make this situation happens, there are inadequate supply facilities, lack of knowledge about breeding, inadequate breeding technology and also quota import regulation. Quota import regulation is one of government program to realizing Beef Self-Sufficiency Program in 2014 (PSDS/2014). The purpose is to increasing the amount of domestic cattle and reduces the number of cattle import. Methodology that used to do this research is soft systems methodology. Data collection gathered from primary and secondary data. Primary data are taken by interviewing employees, observation and document collection related to PT Agrisatwa Jaya Kencana. Secondary data are gathered from website of ministry of agriculture, ministry of trade, secretariat cabinet of Indonesia, Gabungan Pelaku Usaha Peternakan Sapi Potong Indonesia (GAPUSPINDO), Central Bureau of Statistics (BPS), and databoks. According to analysis that has been done, quota import regulation that implement on 2014 inflict to reduction number of cattle import PT Agrisatwa Jaya Kencana on 2015. It makes the company have to prepare strategies to face this situation. Some of company strategies are by non-activated temporary workers and searching for local cattle to safe the stock.  This research offered four desirable and feasible improvements to increase effectiveness of company performance. They are makes warehouse condition check sheet, design Key Performance Indicator, invite cattle feedmill expert, and makes beef quality check sheet.Keywords:  Feedlot company, qualitative research, quota import regulation, and soft systems methodology supply chain management 
The Relationship Among Foreign Direct Investment, Inflation Rate, Unemployment rate, and Exchange Rate to Economic Growth in Indonesia Irsania, Dea Vibby; Noveria, Ana
Journal of Business and Management Vol 3, No 5 (2014)
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Abstract

The main theme of this project is economic growth and focus on finding the relationship among foreign direct investment, inflation rate, unemployment rate, and exchange rate toward the economic growth in Indonesia based on the multiple linear regression analysis. The result represents that FDI, inflation rate, unemployment rate, and exchange rate has a significant influence towards the economic growth. The two of them which are exchange rate and inflation rate show a significant influence toward the economic growth. Thus, when the exchange rate and inflation rate increase, the economic growth will be decrease. Meanwhile, the rest of them which are unemployment rate and FDI also have a significant influence toward the economic growth. If FDI and unemployment rate increase, then Indonesia’s economic growth will also increase. Indonesia as a developing country shows an increase in the influence of Foreign Direct Investment toward economic growth and allow it to continue to rise in the future, but for now all of the macroeconomics factors that observed in this research have a significant influence toward Indonesia’s economic growth.Keywords: Foreign Direct Investment, inflation rate, exchange rate, unemployment rate, economic growth, relationship, multiple linear regression analysis
Measuring the Level of Employee Engagement Using Q12 GALLUP: case Study in PT Safta Ferti Putri, Vivi Linda; Welly, John
Journal of Business and Management Vol 3, No 8 (2014)
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Abstract

Employee engagement is now becoming one of the popular measurement tool to diagnose the level of engagement in the company. Researcher interested in introducing engagement tools to start-up company that is currently using some HR practices are the recruitment and compensation. Employee engagement is developing models and quite a lot of models. But the author uses the earliest models which Q12 Gallup is relatively simpler more than the models that develop later. To measure employee engagement, Researcher using quantitative method with questionnaire for 39 respondents.The purpose of this final project is Identify factors that drive employee engagement in PT Safta Ferti. And Provide conclusion and of this research and give improvement recommendation based on the analysis results for PT Safta Ferti. To achieve the objective above the researcher using Q12 Gallup Theory, Aon Hewitt, and motivation theory by maslow. And to get the result the researcher using Methodology, Data Assessment and Analysis, Conclusion and Suggestion.And the conclusion of this research is three are new factor that drive of employee engagement in PT Safta Ferti, that are Career and development, Job Fit, and Social Support. By examining this research, researcher clarifies the process in which the key driver of employee engagement affects the level of employee engagement, and the result of this research is the most significant factor and the key driver factor for employee engagement in PT Safta Ferti is Career and Personal Development.
EMPLOYEE HAPPINESS OF OFFICE BOYS/GIRLS IN AN INDONESIAN BUSINESS SCHOOL: A PHENOMENOLOGICAL STUDY Rifda, Nurin Nabila; Pratama, Andika Putra
Journal of Business and Management Vol 7, No 3 (2018)
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Abstract

Abstract.Every person has the right to have their motivation in their every action that their take, including the decision to take a job. They have their own reason why they willing to take an office boy/girl who has a high workload in physical terms. But even so, an office boy/girl has the right to get their own happiness in their working process. And although their job was one of the job that in the lowest status, they still could do their job while show their smile and throwing a jokes to their co-workers. The researcher purpose in this research was to more explore office boys/girls happiness in their workplace. The author was using phenomenology method as for this research that took a study case in an Indonesian Business School. The researcher used phenomenology for this research with the intention of find out the essence of experiences and increase of happiness level of office boy/girl who work in an Indonesian Business School. At the end, office boy/girl experiences area, and their relationship with other parties had significant impact to their level of happiness. With this study, the author hope that they could increase office boys/gilrs level of happiness.Keywords: Motivation, Experience, Job Stress Level, Relationship, and Level of Happiness.  
Improving Employer Attractiveness of Salon MOZ5 Bandung through Employer Branding Zuliah, Gilari Ratna; Putranto, Nur Arief Rahmatsyah
Journal of Business and Management Vol 5, No 6 (2016)
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Abstract

Abstract—Nowadays companies have to compete with  their competitors, not only on products or services, but also on attracting employees. During the last couple of years, competition concerning attracting, recruiting, and retaining the best possible skilled employees has increased significantly. Without the right applicants, organizations are not able to develop the level of competitive advantage needed to compete in an unstable economy. As a consequence of those, companies are increasingly trying to make themselves as attractive employers on the labor market. One way to attract recruits and assure the current employees are engaged in the culture and the strategy of the firm is employer branding. In salon industry like Salon Moz5 Bandung, the need for  professional employees is very important to satisfy customers.Because It affects the revenue of the salon.However, in February 2016, the revenue of Salon Moz5 Bandung decreased drastically. The capacity of the salon is not enough with the number of customers. It was because of the lack of applicants applying for jobs in the salon. One thing that can make applicants apply in a company is employer branding. It is important to know what factors attracts new employees and then make it as employer branding. The researcher is interested to analyze the effects of the location, corporate image, corporate social responsibility, task, and flexibility in working to employee attractiveness. The research is conducted to test several hypotheses which are; is there a significant effect of location, corporate image, corporate social responsibility, task, and flexibility in working to employer attractiveness and how to increase the number of applicants applying for jobs at Salon Moz5 Bandung. The analysis technique used in this research is the multiple linear regression. The respondents are 74 students of SMK N 9 Bandung majoring skin and hair care in 3rd years and alumnus who just graduated in 2016. The result of the analysis shows that the only factor that has a significant effect on employer attractiveness is corporate image. This research recommends to Salon Moz5 Bandung’s owner to make a more well known corporate image, create a brand ambassador program, and socialize about Salon Moz5 Bandung to schools so the number of applicants will increase.Keywords—location, corporate image, corporate social responsibility, task, flexibility in working, employer attractivenss, salon
Financial Performance Analysis and Valuation of a Finalcially distressed New Company in the Indonesian Mining Sector: A Study Case of PT. Cakra Mineral Tbk. Kramadibrata, Senator; Damayanti, Sylviana Maya
Journal of Business and Management Vol 5, No 1 (2016)
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Abstract. Mining sector is the 4th largest economy sector in Indonesia. It contributed to around 16-20% of the country’s GDP and export. In 2009, the government introduced Mining Act law to improve the mining sector and Indonesia’s economy as a whole. Although well-meant, it introduced a myriad of problems in the industry, which impacted the sector as a whole. In addition, falling selling prices, weakening rupiah and lack of infrastructure resulted in decreasing financial performance for mining companies in Indonesia. Enter PT Cakra Mineral Tbk, a new mining company in Indonesia since 2012. It was an agriculture company  specializing in cassava and palm oil before it decided to change its business core to iron ore mining in 2011, based on a feasibility study it conducted since 2010. The company performed terribly for the past years, which is very different compared to the expected performance of its feasibility study. In comparison, many leading mining companies in Indonesia maintained profitability in the last 5 years despite various problems and limitations in Indonesia’s mining industry. As such, this study aims to assess this company’s financial performance and value, compare it with the aforementioned leading mining companies and provide recommendation to be used by its management and investors.The results of this study is that PT Cakra Mineral performed terribly in the last 5 years compared to benchmark companies. In addition, the company generated zero revenue in 2010-2011, rendering DuPont analysis unusable in those years. Market multiples valuation turned out to be inconclusive due to unique circumstances surrounding its stock (CKRA). Discounted cash flow valuation revealed that CKRA is overvalued in base, optimistic and pessimistic scenarios. In conclusion, this study recommends that the company focus more on zircon sands mining, improve mining asset utilization, and acquire more debts if and when the company turned around to become profitable. For investors, it would be wise not to invest in the company at least for the next 5 years, and to stay away from the mining industry in the foreseeable future. Keyword : Financial performance, valuation, discounted cash flow, mining industry. 
Estimating Company Value of PT LIPPO karawaci Tbk Puteri, Eka; Noveria, Ana
Journal of Business and Management Vol 3, No 2 (2014)
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Abstract

in the last few years, the Indonesian property sector continues to grow with the help of the Country, which has a strong economy. PT Lippo Karawaci Tbk is a diversified and integrated property group and is involved in townships, residential homes, hospitals, hotels, retail malls and industrial estate development and management. The share price in stock exchange of PT Lippo Karawaci Tbk is not always reflects the share value of the company itself. The objective of this research is to provide information for shareholders regarding share value of PT Lippo Karawaci Tbk by estimating the price per share value using the three methods in valuation, and estimating the company’s value. The theoretical fundamental that used in this research is based on valuation theory by Aswarth Damodaran. The methods used are Discounted Cash Flow, Market Approach, and Asset Based Approach. Discounted Cash Flow method result shows that share value of PT Lippo Karawaci Tbk is amount to four thousand nine hundred nineteen rupiah for Pessimistic, seven thousand five hundred twenty six rupiah for Most Likely, and eighteen thousand eight hundred fifty one rupiah for Optimistic. Compared to share price in stock exchange which amount to one thousand one hundred rupiah, the amount is smaller than share value, which shows that it is undervalued. The result of Market Approach method shows that share value of sector is amount to eight hundred sixty one rupiah. Compared to share value of company which amount to one thousand one hundred sixty three rupiah, it is greater than share value of sector, which means that it is undervalued. The result of Asset Based Approach method shows that the share value is amount to two hundred seventy three point five rupiah. Compared to share price which amount to one thousand one hundred rupiah, the share value is smaller, which means that it is overvalued.Based on the results of this research, investors can see the information about the share value compared to the share price according to the three methods above. Moreover, investors can use this information to consider the investment plans of the PT. Lippo Karawaci Tbk. Keywords: Valuation, Dicounted Cash Flow, and PT Lippo Karawci Tbk
INTERNET-BASED DISCLOSURE AND FIRM VALUATION Natama, Jennifer Magdalena; Nainggolan, Yunieta Anny
Journal of Business and Management Vol 7, No 3 (2018)
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Abstract : Goal of a company is to maximize its shareholder’s wealth which can be seen from its firm value. There are several factors affecting firm’s value, including disclosure. In theory, the more information a shareholder know about a company, the easier it is for them to value a company. Unfortunately, there are occurance of information assymetry that firm valuation ineffective. One of the way to mitigate information assymetry is through internal and external policies applied. External policies means government or local authorities called mandatory disclosure. However, Indonesia’s regulation is not strong enough. This phenomenon need internal policies to mitigate the problem through corporate governance policies. Disclosure that regulates inside company called voluntary disclosure. Both disclosure can take form in financial or non financial information. To make sure that information received properly, it has to come in an effective media. Internet is suspected to be the most effective media to disclose information. The author finds that there are strong relationship between companies’ disclosure level and firm value. Disclosure have positive correlation with ROA and negative correlation with Tobin’s Q. It shows that by disclose more information to public, company will have a greater profitability but, will generate lower market value. From this findings, it can conclude that although disclosure can increase profitability, but it is not working in reduce information asymmetry and therefor did not generate a greater market value.Keywords:  Internet of Things, Company Disclosure, Firm Value, Company Website.
FACTORS AFFECTING PURCHASE INTENTION TOWARDS NATURAL SKIN CARE PRODUCT Yati, Putri Nuzulil; Wisesa, Anggara
Journal of Business and Management Vol 7, No 3 (2018)
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Abstract

Abstract. Indonesia is home to hundreds of run-small business in cosmetics producers that concerns in producing natural skin care products (Global Business Guide Indonesia, 2014), but the tendency of choosing import brands still tend to be high, although some of them begin to look at local brands whereas Indonesia government continues to strive to increase Peningkatan Penggunaan Produk Dalam Negeri (P3DN). There are several independent variables include in this research; Consumer Values (Health, Environment, Apperance Consciousness), Attitudes toward Natural Skin Care Product, Product Stimulus, Price Stimulus, Promotion Stimulus, and Place Stimulus. This study has limitations in terms of availability of data about the total population of skin care natural users in Indonesia or any areas of Indonesia. Therefore, The Author uses judgement sampling technique as a reference in selecting samples, which had already collected 446 samples, who has experience consuming at least one natural skin care product before. To gain the result to know whether there is significant affect among each independent variables toward dependent variables the, The Author use Multiple Linear Regression with SPSS tool. The result shows that there are positive relation between all independent variables with purchase intention toward natural skin care product, except for Attitudes toward Price. Better product will encourage consumers’ purchase intention, so people are careless with the price provided that there are better product that will satisfy themselves.Keywords: Attitudes, Consumer Values, Marketing Mix, Natural Skin Care Product, Purchase Intention   Â