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The Indonesian Journal of Business Administration
Published by Institut Teknologi Bandung
ISSN : -     EISSN : -     DOI : -
Core Subject : Science,
Decision Sciences, Operations Research & Management
The Indonesia Journal of Business Administration(IJBA) is a business journal that bridges the gap between business research and practice, evaluating and reporting on new research to help readers identify and understand significant trends in their fields. The IJBA seeks to publish papers relating to business, broadly defined. It publishes articles that address both theoretical and practical issues in the broad areas of Business Strategy and Marketing, People and Knowledge Management, Entrepreneurship and Technology Management, Decision Making and Strategic Negotiation, Operation and Performance Management, and Business Risk and Finance.Contributing academicians and researchers are encouraged to address a variety of concerns relating to all areas of business. We also encourage students to use an interdisciplinary approach to analyzing a topic, which often yields interesting and novel papers. The published articles provide valuable insight into matters of broad intellectual and practical concern to academicians and business professionals. The Journalis published three times a year: in April, July and October. The journal is mainly an outlet of MBA ITB students to publish their final project works, although it also accepts articles written by students at masters level from other institutions. A published paper is an honor that will be unambiguously beneficial for professional and academic careers, especially for those who want to attend graduate/professional schools. This means that papers written in relations to Accounting, Economics, Finance, Marketing, Management, Operations Management, Information Systems, Business Law, Corporate Ethics, and Public Policy all qualify for submission. Information on the journal format can be found in the journal's website. The number of pages must be at 10 pages. After published, the journal article will be available electronically at the journal's website. Print ISSN: 2252-3464; Online ISSN: 2252-9284
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Articles 10 Documents
 1 
Search results for , issue "Vol 1, No 2 (2012)" : 10 Documents clear
Formulating Change Management Program to Support ERP Implementation at Weaponry Division, PT Pindad Dwiartha, Surya; Welly, John
The Indonesian Journal of Business Administration Vol 1, No 2 (2012)
Publisher : The Indonesian Journal of Business Administration

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Abstract

PT Pindad as one of the State Owned Enterprises in Indonesia, manufacturing the defense and security equipment recently conducting change in their business system by implementing Enterprise Resource Planning in the Weaponry Division. To support the implementation of ERP, it should be accompanied by good change management program. However current change management program seems to ignore the implementation stages features in Kotter 8-Steps. Anticipating this condition, the author suggesting Kotter 8-Steps as a basic framework of research. The findings from FGD and in-depth interview shows that Step-3: Creating a Vision, Steps-4: Communicating Vision for Buy-in and Step-5: Empowering Action had not been done systematically causing the possibility of failure looming large. To support the analysis, STAR Model of organization, Strategy Map, and DICE Framework were being used to fill the void on the Kotter Program. However, PT Pindad had not done Kotter’s Step-6 to Step-8 because the change management process was still in the preliminary phase. Keywords: PT. Pindad, change management, strategy map, STAR model organizational design, DICE framework
Defining The Product Mix Based on Strategic Capacity Mapping In Woven Textile Manufacture Liong, Anna Carolina; Firman, Aries F
The Indonesian Journal of Business Administration Vol 1, No 2 (2012)
Publisher : The Indonesian Journal of Business Administration

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This work is aimed at optimizing the operational management bydeciding upon articles composition to be made on differentprocess flow and capacity within an industrial situation. Morespecifically: matching the quantity and arrangement of ordervariation to assign appropriate tasks to applicable productionunits.The problem arises due to various process flows and task timenecessary to produce different articles. Appropriate productcomposition is expected to minimize set up time, and increaseoverall machine utilization and efficiency. Similar issue have astrong importance in textile industries, eminently in filamentwoven textile manufacture in which the process load variesdynamically upon fabrics construction.To present the solution, an MRP model is constructed as apreliminary analysis on process and raw material requirementfor each order. The MRP model’s output will be mapped into acapacity map that is constructed based on real life machinescapacities and task times. Subsequently, product mixcombination is derived through application of linearprogramming simulation to minimize capacity waste.Keywords: textile, MRP, linear programming, productionplanning, strategic capacity mapping
Weighted Multi Criteria of Consultant and Contractor Selection at PT. JICT Dewi, Lulita Indra; Firman, Aries F
The Indonesian Journal of Business Administration Vol 1, No 2 (2012)
Publisher : The Indonesian Journal of Business Administration

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The study aims to improve the tender evaluation, particularly in selection criteria. The criteria and attributes were gathered from current procedures and other companies as a benchmark, and also selected some others from 40 attributes introduced by Ling which were suitable with the company’s condition being researched. Later on, a survey using a questionnaire was distributed to project owners and consultant’s employees as the respondents using the Likert scale method to assess the performance level of the vendors in delivering service and level of importance for each criterion and attribute. By using MAVT (multi-attribute value technique), the weights were calculated. Meanwhile, the bid proposal was rated with a standard ratings scale. A formula that showed the relation between the weights and rating was created. This formula proposed the total aggregate score for the technical evaluation. And by summarizing aggregate scores with the bid price score, the highest-scored bidder would be awarded. Another factor discovered in this research was the importance of leadership to manage the team and resources well during delivering a great service for the project owner. Keywords:    project management, criteria, attribute, weights, rating, aggregate score, and leadership.
The Innovative Business Model Concept Generation for PT. LEN Industri Business Model Solutions in Achieving the Expected Net Profit Margin Mappangara, Darman; Aldianto, Leo
The Indonesian Journal of Business Administration Vol 1, No 2 (2012)
Publisher : The Indonesian Journal of Business Administration

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Abstract

As a state owned company, PT. Len Industri(Persero), an electronic industry and infrastructure company,has passed three transformation phases throughout its effort inimproving the company performance in the passed 20 years. Inthe final state of the third transformation phase, despite itssignificant sales growth (averaging to 30 percent per year from2006), PT. Len is unable to achieve the expected KPI (keyperformance Indicator) for NPM (net profit margin) of 5% set bythe stake holder.In order to achieve the requested NPM, PT. Len has to carefullyselect projects with low COGS only (80% to 85%). This can onlybe done through a high value project content which means usingan innovative product that has a high selling value or bydeveloping an innovative business model which can givesignificantly higher return. In this case study, the latter choice ischosen.Business model initiative is not new to PT. Len, but acomprehensive way of creating the business model that involvesdetails steps has never been generated. Business ModelGeneration using a 9 blocks building concept is introduced here.The designing concept uses the “Unbundling” business modelpattern that suit business at PT. Len. The designing take exampleone of the business lines in the integrated PV (photovoltaic)system supply. This business is then recast into the standardizedformat of business model canvas and unbundled to get a new corebusiness. This new core business will improve the NPM of PT.Len Industri.Keywords: NPM, Business Model, COGS, KPI , Unbundling businesspattern
Application of combined Reliability Centered Maintenance and Risk Based Inspection Method to Improve the Effectiveness of Maintenance Management of Compressor ZR 5 Intercooler Prabata, Sandika; Wiyana, Aldo Fantinus
The Indonesian Journal of Business Administration Vol 1, No 2 (2012)
Publisher : The Indonesian Journal of Business Administration

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Abstract

Compressor play the prominent role of the compressed air system. If The compressor find the trouble itself, then air supply to production line will be terminated. One of the big problem of Compressor ZR 5  take place on intercooler.Intercooler is the compressor component which function to cool compressed air inside the compressor so that the compressor  will not be overheated. If overheated happens,then the alarm on compressor display will show “High Air Temperature on LP Element Outlet”.Consequently, the compressor will shut down automatically & must be replaced by other standby compressor.Even intercooler routine maintenance is already performed periodically refer to maintenance manual itself, ( running hour/time based), however  this alarm indication frequently  shown pior to entering next period of maintenance schedule.PM Analysis (field observation) & root cause Analysis implementation lead to the cause of  the alarm indication. They consist of: low flow rate of cooling water that caused by  stuck strainer (filter) on the pipe line, imperfect contact between cooling water  and compressed air due to poor quality of cooling water, Delay on Detection problem  and lack of skill to analyse alarm trouble data.The proposed countermeasure will be provided as follows : relocate strainer position so that easy maintenance could be executed, to modify new pipe line with new cooling water source (from treated reuse water to public water) with more compliance  to water requirement, Introduction of stochastic method  (replacement & inspection model) to predict effective inspection, cleaning and replacement of intercooler, maintenance management training provision including  diagnostic problem and  water cooling system maintenance of compressor. However, the countermeasure mentioned above only to encounter abnormality found at the time of observation to compressor cooling water system. By applying combined RCM & RBI method, other potential cause that might result in the same problem could be identified, so that the problem will not be recurrence. The countermeasure (corrective action) & preventive action need should be analised for the pros & cons (cost & benefit analysis) so that this activity will provide important information for management. Based on the CBA, this activity will provide payback period for 3 months. The activity will involve external party (contractor) to perform corrective action & internal party (operator member) to conduct maintenance task as already scheduled.   Keywords: Intercooler,,PM analysis, Root Cause Analysis, RCM & RBI, Stochastic  Method
Proposed Strategy Formulation and The Implementation for PT. XYZ Jumar, Jumar; Wandebori, Harimukti
The Indonesian Journal of Business Administration Vol 1, No 2 (2012)
Publisher : The Indonesian Journal of Business Administration

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Abstract

Indonesian paint market is one of the fastest growing  markets in the world (CAGR 2009-2011 at 8.3 %) and the market still has huge potency to grow due to the paint consumption per capita (PCP) still low at 2.8 kg/person (world PCP at 6-7 kg/person). On the other side, paint companies currently faced pressure on profit margin due to the more strict competition and increase of the key raw materials price (eg. TiO2 and binder). PT.XYZ, a paint company, has established in Indonesia since 1983. By 2010, its sales just accounted for  2.2 % market share, and just use 48.3 % of its total production capacity. From the external and internal environmental analysis concluded that the main problems (weaknesses) faced by XYZ are the lack of advertising programs that cause low brand awareness of its products, and lack of high skills marketing human resources. The root cause of the problems is the absence of strategic management processes at PT. XYZ. The purpose of this research is to propose the strategy formulation and the implementation plan for PT. XYZ to improve its performance through strategic management processes. The corporate strategy generated from SWOT matrix is “concentration (horizontal) growth strategy”.  The alternative strategies to accomplish the growth strategy are generated through Ansoff matrix that include: market penetration, product development, market expansion to new geographical markets, and enter into industrial paint segment. The proposed business strategy is “differentiation” strategy via its distribution, products, and services. The functional strategy generated via TOWS matrix are categorized into marketing strategy, operation strategy, financial strategy, and human resources strategy. A Focused Group Discussion (FGD) was performed to evaluate, select, and make prioritizing of the selected strategies. The selected strategies and the priority are: market penetration strategy, product development strategy,  and market expansion to other geographical markets. The implementation of the selected strategies are through developing integrated programs and actions plan at each functional departments. The marketing programs are focused to increase its product brand awareness  and increase sales via advertising, sales promotion and more focus in project channels. The operation programs are increase actual production capacity and establish efficient operation. The human resources programs are to provide the HR needed to execute the selected strategies and establish good HR management practices  at SCI for the long-run program. Then, the financial program is raising external funds and manage funds efficient and effectively. Key words: strategic management, corporate strategy, business strategy, functional strategy, program and action plan
Note On Portfolio Optimization An Empirical Study using Bisnis Index-27 and Gold as A Portfolio Asset Adhiatama, Zenda Christian; Sukarno, Subiakto
The Indonesian Journal of Business Administration Vol 1, No 2 (2012)
Publisher : The Indonesian Journal of Business Administration

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The global economic crisis in 2008, which originated in America impacted quite significant for the world economy. Slowing the growth of the economy was felt by some developed countries that are trading partners of the Americas. Exacerbated by this crisis Europe where some European countries have considerable debt and incriminating the economy of the countries. Decrease in the level of economic growth in developed countries, forcing investors to divert its funds shows that yield higher. Indonesia became a new spotlight for investor to invest their fund because of the economic growth and political stability.The emerge of new investment strategy makes investor confuse to choose the appropiate based on their risk profile. Using optimization model that create by Harry Markowitz and the combination of stock and gold as asset portfolio can be an alternative investment strategy for investor.   Keywords: stocks, gold, IHSG, correlation, modern portfolio, rebalancing
E-Commerce Development of Kios Nabawi of Majelis Rasulullah Yopan, Muhamad; Saksono, Prasetyo Budi
The Indonesian Journal of Business Administration Vol 1, No 2 (2012)
Publisher : The Indonesian Journal of Business Administration

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The objectives of this study is developing e-commerce but the first is improved the organization of Kios NabawiMajelis Rasulullah is the largest majlis dhikr and shalawat in Jakarta which has congregation scattered in various cities in Indonesia and even abroad. In getting funding for the dakwah, Majelis Rasulullah established Kios Nabawi to sell the products and souvenir of Majelis Rasulullah. When founded in 2006, Kios Nabawi only sold one type of model of Jacket of Majelis Rasulullah. The turnover of Kios Nabawi has been growing and sells more various products. Kios Nabawi selling activities move from one place to another place following the events of Majelis Rasulullah in around Jakarta without having a permanent store. The event of Majelis Rasulullah is not hold every days, it means that Kios Nabawi does not get revenue every day. In the other side, potential market is big including more than seven millions congregation of Majelis Rasulullah are spreading in various cities in Indonesia that could not be reached by Kios Nabawi. To make customer easier to get information and order, Kios Nabawi develops e-commerce. Previously there are many issues of Kios Nabawi such as lack of organization, financial and inventory records, so the organization of Kios Nabawi should be improve before e-commerce runs. Organizational assessment is the first step in improving the management of the organization, then analyst of the elements of organization, creates organizational structure, recruitment and training for staffs of each division to make sure they are ready to carry out the daily operation. E-commerce is created by forming a project team and designed in accordance with the steps that used to be taken by companies that already successful in e-commerce. Once the e-commerce project is completed it is necessary to provide training and handover to the operational team of Kios Nabawi Keywords: e-commerce, organization, Majelis Rasulullah, Kios Nabawi
MBA ITB Competitive Advantages Enhancement Proposal to Face Global Business School Competition ( Benchmarking Study of South East Asia Business School)
The Indonesian Journal of Business Administration Vol 1, No 2 (2012)
Publisher : The Indonesian Journal of Business Administration

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The competition in the higher education industry continues to grow, both from the scope of science, universities, and programs are offered. Higher education inbusiness and management field in Indonesia from year to year is growing in demand.External factors such as the condition of the business world that change dynamically should become special interest to business school, MBA ITB in this case because it will greatly affect the supply of programs and courses offerings to the students. Internal factors such as improving the quality of the various supporting elements of the course, ranging from facilities, curriculum, quality of lecturer, and administrative staff should be a serious attention from MBA ITB.To increase competitive advantages of MBA ITB to be able to compete with their competitors, the researcher does benchmarking in programs and lecturing methods from abroad university and from ASEAN country specifically. The solution from this research is recommendation for MBA ITB in regular programs, such as Soft Skill, Management, and Strategy, Economy, and Information Technology. Besides that, there is also recommendation of elective program. In lecturing methods, the researcher recommends to use On Job Training and Virtual Project more actively, as addition for Case Study methods. To reach world class business school MBA ITB needs to encourage their student to write international publication based on their final project as pre-requisites for final defence. Keywords: Sustainability, Curriculum, Graduate Program, Benchmarking, Business School
Analysis on The Effectiveness of AXIS Mobile Internet Strategy and Identification of Areas for Future Improvements
The Indonesian Journal of Business Administration Vol 1, No 2 (2012)
Publisher : The Indonesian Journal of Business Administration

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The market penetration for voice and SMS hasreached 100% and style of communication has change using data(mobile internet). Mobile internet has be new source that isexpected to increase operator revenues. The development ofmobile internet technology from 2G (EDGE) to 3G (HSDPA) andsmart phone supports the development of mobile internet usersin Indonesia. For three years Axis quite successfully apply CostLeadership strategy to compete with the other operators,especially with medium-class operator. In 2011, Axis revenuegrowth target didn’t fit with target which grew only 90% of thetarget of 100%. Axis has a target to 3 major operators inIndonesia within the next two years to reach this target, the Axishave to compete with the current three major operators. Basedon existing problems, AXIS should immediately makeimprovements in all business lines including mobile internet. Thisthesis has focused on analyzing the right strategy for mobileinternet using qualitative data and using Axis Five ForcesFramework and SWOT analysis. The result from Five ForcesFramework is industry of mobile internet have good prospectand using SWOT analysis to find the strength and weakness ofAXIS. From 5 Business level strategies, find the best strategy isdifferentiation strategy. Differentiation strategy start fromdevelop customer loyalty program, maintain quality coveragearea of mobile internet, aiming for premium users and bundlingprograms on high-end gadgets are feature or system need toapply in Axis for this strategy.Keywords: mobile internet,Five Forces Framework, SWOT, 5business level strategies

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