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The Indonesian Journal of Business Administration
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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 11 Documents
Search results for , issue "Vol 2, No 17 (2013)" : 11 Documents clear
Proposed Method to Increase Productivity at PT AMI Andhella, Arief; Wibisono, Dermawan
The Indonesian Journal of Business Administration Vol 2, No 17 (2013)
Publisher : The Indonesian Journal of Business Administration

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Abstract

PT AMI is a bakeware manufacture located in Bandung and all its product is 100 percent export oriented. The products are exported to American and European markets. The type of business is based on jobs order or customers’ orders. The company found that low productivity and high number of defects have caused the company to lose sales and profits. During the analysis the main problem regarding quantity lies in the Unit Press Shop, which has poor layout which causing the production unable to reach optimum level. While in the quality issue, the problem lies in the Unit Press Shop and Unit Painting. The problems are due to lack of knowledge of the operators. The methods that will be discussed in analyzing the roots of problems in PT AMI are the Lean Manufacturing concept with DMAIC methodology to identify the root of the caused and waste in the manufacturing area. The propose method in order to eliminate the problems are additional machines, new layout and the grouping of similar items and processes help to improve the capacity in production. The capacity improvement is about 85.5% compare to the existing system. Another proposes solution is to create training for the operators to improve the skill and knowledge regarding the impact of high reject to the company’s growth. The first expectation after the training is the improvement of 20% compare to total reject in 2012. The implementation to improve the productivity will require the effort and team works form few departments. The timeline in applying the propose methods will takes about three months starting from January 2014.Keywords: Lean manufacturing, productivity and optimum management.
Optimizing the Capital Structure Using Cost of Capital Approach: a Case Study at PT.Telekomunikasi Indonesia, Tbk Darsana, I Ketut Suwetja; Sumirat, Erman
The Indonesian Journal of Business Administration Vol 2, No 17 (2013)
Publisher : The Indonesian Journal of Business Administration

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PT Telekomunikasi Indonesia, Tbk (Telkom) keeps strengthening its infrastructure to support the business. Investment in infrastructure urgently needed as technologies always develop very fast following the services demanded. The fund for investment can be generated from internal cash flow, or generated from external sources from debt or equity. But it is important to consider the proper composition of funding to get the lowest cost of capital possible. The objective of this study is to examine Telkom’s optimal debt ratio, using cost of capital approach based on the condition as of December 31, 2012. Rating consideration, share repurchase program and high dividend are root causes that must be taken into consideration to maintain the company’s growth in the long run. A simulation applied to estimates the weighted cost of capital at different debt ratios. Some constraints, including debt rating and earnings before interest and tax (EBIT) volatility against debt ratio, are considered in order to reduce the risk of default. With current debt ratio of 14%, Telkom is still under levered. The optimum debt ratio is 17% after considering the constraints. Historical investments showed good performances with return on capital no less than 25%, which was higher than the current cost of capital of 9.31%. Considering the issuance cost, interest paid and macroeconomic conditions, it is recommended for the company to take new debt of Rp.7 trillions.  Keywords: capital, value, default, constraints. eh�e �@�p�r with BAPPENAS. Waste on Nambo TPPAS will be processed into useful products 1.Recycle Material 2. RDF(refuse derived fuel) 3. Compost. These projects are expected to be the solution to the waste problem in the city of Bogor and Depok. This Final Project is to analyze  the project feasibility study of development projects nambo TPPAS based on Regulation of Minister of national development planning No.3 2012 . Feasibility study perform by using various indicators of financial feasibility including IRR,NPV and PBP, combined with Sensitivity Analysis, Risk Analysis , and ABMS (analisa Biaya manfaat sosial – Social cost benefit Analysis). Based on the analysis of financial and risk positions suggests that development projects can be assessed Nambo TPPAS feasible to be implemented with the assumption that the government provide support in the form of government funding in the beginning of the project. However, the project can’t be assessed only in terms of financial side but must be assessed in terms of the resulting social benefits. These projects generate substantial EIRR. This prompted the government to immediately implement the construction of this project.  Keyword: Waste, Waste management, RDF , PPP , Project feasibility Study.
Corporate Sustainable Development Through An Integrated Management System Approach: A Case Study of Corporate Sustainability Practice at PT. X Indonesia Dafid, Dafid; Wandebori, Harimukti
The Indonesian Journal of Business Administration Vol 2, No 17 (2013)
Publisher : The Indonesian Journal of Business Administration

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Abstract

a change in resource availability has been a concern of various parties. With the rapid economic growth in many parts of the world, global GDP is expected to increase from U.S. $ 70 trillion in 2008 to U.S. $ 135 trillion (increase 95%) in 2030. At the same time, the world population will grow from 6.7 billion people to 8.2 billion people. This phenomenon has prompted the more responsible and sustainable way to resource management, including resource management best-practice. Recent research from McKinsey suggests that the corporate sustainability practice has increased the ability of businesses to compete in the market. Recently, PT. X Indonesia has planned to implement corporate sustainable initiatives are more integrated, systematic, and continuous-based. Considering that corporate sustainability is a wide scope corporate initiative which involved many stakeholders both internal and external, PT. X Indonesia is very concerned about how to approach sustainability most effectively to gain sustainability competitive advantage through leverage their capabilities and will reduce future risk to sustainable growth of company’s business. The author has proposed the use of sustainability integration into business management systems through PDCA cycle of continuous improvement based on integrated management system approach. This solution would be basis to further develop PT. X Indonesia sustainability management practice in the areas of control, integration, and performance management. Implementation of final project is expected to optimize corporate sustainability initiatives to gain competitive advantage by ensuring their alignment to the achievement of business objectives and provide clarity and flexibility in managerial, measurement and assessment. The author has recommended implementation plan: establish objectives, prepare management programs, and monitoring progress in the last part of this document. Keyword: Corporate Sustainability, Integrated Management Systems, Business Management System, Organizational Capabilities, Stakeholders, Competitive Advantage.
Proposal for Supplier Relationship Management at PT XL Axiata Tbk Pratama, Aji Nugraha; Yudoko, Gatot
The Indonesian Journal of Business Administration Vol 2, No 17 (2013)
Publisher : The Indonesian Journal of Business Administration

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Abstract

The telecommunication industry in Indonesia is growing rapidly in the last fifteen years. The habit slowly changed from voice and short messaging service into data. Nowadays, the challenge for the telecommunication company is to provide good quality of network. To fulfill the challenge, XL has been developing a partnerships scheme with suppliers and has been creating a performance measurement to keep partnerships work in the right path. The last supplier performance measurement report shows that the result is not meet the target. The unsatisfying result show that something wrong in the partnership with supplier. To find the core problem, this paper uses a Current Reality Tree (CRT) method. Based on CRT analysis, the core problem that arises is poor coordination. To eliminate core problem, a strategy is created. Strategic Supply Management is used as a framework to create strategy in eliminating core problem. Four critical enablers in the strategic supply management are analyzed to find solution for the problem. Those four critical enablers are organizational design, supply measurements, information systems, and human resources. The suggested and recommended solution based on analysis are improvement in business process, developing responsibility assignment matrix (RAM), create web-based application, and developing skill and knowledge people in supply organization.Keywords: telecommunication industry, supplier relationships, current reality tree, supply management
Project Feasibility Study at waste management project (case study TPPAS Nambo) Yulinda, Fany; Sumirat, Erman
The Indonesian Journal of Business Administration Vol 2, No 17 (2013)
Publisher : The Indonesian Journal of Business Administration

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Abstract

The Government of the West Java Province (represented by West Java Waste Management Agency – Badan Pengelola Sampah Regional (BPSR) Jawa Barat) overtaken such waste problem by arranging development plan of the Nambo recycling and final processing landfill - Tempat Pengolahan dan Pemrosesan Akhir Sampah Nambo (NAMBO TPPAS). This project are involved into the sanitation priority project in the Private-Public Partnership (PPP) – Kerjasama Pemerintah dan Swasta (KPS) scheme implemented altogether with BAPPENAS. Waste on Nambo TPPAS will be processed into useful products 1.Recycle Material 2. RDF(refuse derived fuel) 3. Compost. These projects are expected to be the solution to the waste problem in the city of Bogor and Depok. This Final Project is to analyze  the project feasibility study of development projects nambo TPPAS based on Regulation of Minister of national development planning No.3 2012 . Feasibility study perform by using various indicators of financial feasibility including IRR,NPV and PBP, combined with Sensitivity Analysis, Risk Analysis , and ABMS (analisa Biaya manfaat sosial – Social cost benefit Analysis). Based on the analysis of financial and risk positions suggests that development projects can be assessed Nambo TPPAS feasible to be implemented with the assumption that the government provide support in the form of government funding in the beginning of the project. However, the project can’t be assessed only in terms of financial side but must be assessed in terms of the resulting social benefits. These projects generate substantial EIRR. This prompted the government to immediately implement the construction of this project. Keyword: Waste, Waste management, RDF , PPP , Project feasibility Study.
Corporate Strategy of PT Miga Orricom Indonesia Hidayat, Teddy Mulyadi; Wandebori, Harimukti
The Indonesian Journal of Business Administration Vol 2, No 17 (2013)
Publisher : The Indonesian Journal of Business Administration

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PT. Miga Orricom Indonesia is a supply company for electrical measurement devices and wireless products. After grow up in the last 10 years, the company’s achievement was declined. Based on change in PLN market in 2011, the opportunity exists is becoming a threat for the company. After the e-procurement, the company lost the market significant The total sales fell to the lowest level in the last five years and net profit margin declined from 9.3% to 3.5%. However, there are no strategic plans which can minimize the threat and enhancing the opportunity exist, yet. So, the fundamental issue nowadays is how the company minimizing the strategic gap exists in between what the company offers and the market needs. The business issue has been explored by Strategic Management Model.  As a result, strategic policy of the company to develop a product portfolio of services with YANTI brand in PLN DJBB has been implemented in first year. Dashboard monitoring program has been developed in accordance with the new corporate strategic planning.         Key Words : corporate strategy, differentiation focus, forward horizontal integration
Telkom's New Wave Valuation Alinursafa, Ibnu; Sumirat, Erman
The Indonesian Journal of Business Administration Vol 2, No 17 (2013)
Publisher : The Indonesian Journal of Business Administration

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Telkom's share price in the Indonesian stock exchange (IDX) since 2007 growth lower comparing to the performance of the overall index. From year 2007 to the end of 2012, Telkom's share price has dropped by approximately 10%, whereas the composite stock price index increased by about 130% in the same period. The low performance of Telkom stock price due to the high of competition level in Indonesia telecommunications business. The price war reduced phone rates, and the firm face a negative growth around 7% in 5 years.  To anticipate negative growth, the management has decided to enter the business of New Wave as a new revenue stream.To determine the root cause of low performance of Telkom’s share price,  The analysis  should be done by calculating the fundamental value of Telkom. Telkom’s fundamental share price calculated using the Free Cash Flow to Equity (FCFE) and Dividend Discount Model (DDF) method as comparison. Based on FCFE, the fair fundamental prices shares amounted Rp.11.961, while based on DDF Telkom shares process is Rp. 13, 253. This result is not much different from the Telkom closing share price 2013 amounted Rp .9,050. To increase growth is to increase the proportion of new wave business. Increase in new wave business can be done with synergies between business units and subsidiaries in the Telkom Group. The programs are conducted on a unit must have an impact to other units, in order to support the business growth of new wave. Keywords: stock, valuation
Strategy Formulation For Barber Pop Suparyadi, Bunga Anggriani; Inggriantara, Alibasjah
The Indonesian Journal of Business Administration Vol 2, No 17 (2013)
Publisher : The Indonesian Journal of Business Administration

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A survey conducted by “Channel News Asia” in 2011 declares Bandung to be one of top five most creative city in Asia. Therefore, it is not surprising that Bandung city became a source of creative businesses. Creative business todays not only limited to the goods sectors but also entered the service sector such as done by Barber Pop, which entered barbershop industry. The presence of Barber Pop has made a breakthrough in the industry. Unlike other barbershops, Barber Pop strives for excellent customer satisfaction by offering outstanding services while still retaining the traditional concept of a barbershop. The services that offered by Barber Pop has been favored by urban male in Bandung city. This was proven by the number of Barber Pop customers continues to increase every month since the opening of the Barber Pop by July 2011 which causing long waiting list. Based on these facts, the owners has intention to grew their business. However, after performing an analysis, there are internal problems faced by Barber Pop that can be an obstacle for Barber Pop in developing its business such as customers’ dependence on specific barber, unfix schedule of barbers’ holiday, and also the limited capacity provided in current shop. The objective of this final project is to provide suitable strategies for Barber Pop in corporate, business, and functional level of the company in order to help Barber Pop to maintain and grow its presence. The recommended strategy as solution of Barber Pop current condition is that Barber Pop should opening new branch immediately with the same concept using differentiation strategy and fixing any shortcoming in internal condition by hiring public relation, creating barbers’ portfolio, and also create incentive in order to increase barber level of discipline. The implementation of the strategies that were formulated, involve all the internal side of the company such as the marketing, financial, human resource, and operation departments. These strategies need to be monitoring and assessing because they will affect the company future conditions. Therefore a strategy measurement also provided in this final project to know whether the implemented strategy could achieve its target or not.Key Words: service industry, barbershop business, growth strategy
Strategy for Strengthening Research Management in Research and Community Service Institute of Parahyangan Catholic University for Research Fund from Goverment Sutanto, Hendry William; Inggriantara, Alibasjah
The Indonesian Journal of Business Administration Vol 2, No 17 (2013)
Publisher : The Indonesian Journal of Business Administration

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the object of this final project is Research and Community Service Institute in Parahyangan Catholic University. Themain issue in this final project is dealing with research funds from government.Research funds from government are increasing in the past four years, so that it needs strategy to strengthen research management in Parahyangan Catholic University. The purpose of this final project itself is to develop an appropriate strategy to strengthen research management and evaluate the current procedure of the research management. First, in developing an appropriate strategy, used gap analysis by ISO 9001 to analyze the current situation and what need to be done to fulfill the requirement in ISO 9001. After analyzing, the next step is developing a business model of the research management. The last step is making the ideal business process for this research management. From the analysis using ISO 9001, the conclusion is research management still has no meet the requirement in ISO 9001. So, it needs to improve the procedure, documentation, etc. After developing the strategy, an implementation plan needed to make the strategy came true. Some implementation plans include organization restructuring, establish a new application for this kind of research management (external funding), and socialize to research teams. All this plan is hoped can be executed by May 2013.  Keywords: research management strategy, government funds, research and community service institute
Recommendation on Company Strategy Formulation to Withstand Early Dicline in Performance of Solid Arkon Indonesia, PT Narendra, Adi Pradipta; Inggriantara, Alibasjah
The Indonesian Journal of Business Administration Vol 2, No 17 (2013)
Publisher : The Indonesian Journal of Business Administration

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Inspired by progressive development architecture industry, PT. Solid Arkon Indonesia or shortened to Solidarkonindo was established, an architectural consulting firm that also offer related field services in attempt to provide a comprehensive service. As a service company, client satisfaction is the main thing that always maintained by providing a characterized, comprehensive, and environmentally oriented design services. However, as time goes the company is experiencing a significant decline in performance, not long after its growing phase since it was first established in September 2011 ago. It is also marked by uncertainty direction of company which had previously been formulated, thus become an obstacle in continuing business sustainability. As a means to analyze the issue encountered, research methodology that used is similar with corporate strategic audit, which encompass the examination and evaluate current firm situation from gathered primary and secondary data as well as literature references. Furthermore, an environment scanning are conduct to analyze internal and external performance to define root causes, which is become guidance in generating most appropriate recommendation of business solution for the firm. Last, provide explanation of way to implement recommended strategy and further recommendation to provide comprehensive implementation guidance. Through several research that has been done, the performance decline which firm experience are caused by prior failure in assessing firm’s internal capabilities compared to its industry environment. This situation, lead to further problems that affect internal management decision in setting corporate and business strategy in deal with growing environment challenges. In order to survive in the industry, several solutions are needed which cover improvement and evaluation of strategic alternatives to generate best alternatives for the firm. The generated solutions based on research objectives, conclude that the firm required an appropriate corporate directional of retrenchment – turnaround strategy, to improve firm’s current condition. An improvement on corporate directional strategy is necessary in the first place because it decide the direction of the firm. Furthermore, a recommended business strategy of focus differentiation provided to set the firm compete in the right market, as well as strategic initiative of grand strategy roadmap that provided as comprehensive guidance in moving to each stages of strategies in the future.Keyword: Architectural consultant services, corporate directional strategy, business strategy, grand strategy roadmap

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