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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 17 Documents
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Search results for , issue "Vol 6, No 3 (2017)" : 17 Documents clear
The Design of Interactive Mine Forecasting System to Improve Mine Planning Performance Sugita, I Nengah; Hanafi, Muhammad
The Indonesian Journal of Business Administration Vol 6, No 3 (2017)
Publisher : The Indonesian Journal of Business Administration

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Abstract - The objective of this research is to improve the mine planning performance in PT Freeport Indonesia (PTFI). Currently metal forecasting often faces many scenarios and changes shortly because of some dynamic parameters and conditions. The new improved mine planning must be more powerful to handle it. To achieve the objective, the writer surveyed and analyzed the forecasting performance data in the past and then proceeded with a mapping of forecasting process to see how the parameters linked and conditions applied. The team observed that the current conventional method is too rigid for doing mine-mill model simulation. Adjusting the amount of ore delivery to mill needs extension until the Mine Scheduling or Sequencing, beyond than Cutoff grade adjustment. Furthermore, the geological type of ore mined needs fully integration to the mill-model. After the problem identified, by using the Goldratt’s analyses tool called Current Realty Tree (CRT), a team is constructed to analyze some undesired effects and then to seek its solution. Surveying some literatures and benchmarking to other mining companies are conducted to gain more tactical solutions.Finally, a new mine planning method were set up. It uses mining reserve database, filtering concept and bench percentage mining logical formula. This new method is well accepted and implemented to analyze mining scenario quickly. This new method is now applied side by side with convectional method.  This new design is available to produce a robust plan to support strategic planning group on optimizing the strategic mine planning goals. Keywords: Grasberg Surface Mine, Long Range Mine Planning, Forecasting, Mine Scheduling, Interactive Mine Planning.
Redesigning Fertilizer Distribution Strategy of PT. Pupuk Indonesia (Persero) Rochim, Abdul; Hamsal, Mohammad
The Indonesian Journal of Business Administration Vol 6, No 3 (2017)
Publisher : The Indonesian Journal of Business Administration

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Abstract---This study aims to formulate the company's distribution strategy. To develop distribution strategy, internal and external corporate environmental analysis and Strategy Diamond Model are performed. The analysis begins with data collection process using interview method. Interview data is processed using qualitative research methodology Analysis result stated that PT Pupuk Indonesia's business process does not have a reliable stock procurement planning and does not integrate distribution operation activities, so currently there are fertilizer scarcity complaints in mass media. Therefore, PT Pupuk Indonesia is recommended to send the fertilizer according to the six precise principles, develop a comprehensive stock and distribution plan, implement integrated distribution control, optimize fleet usage and distribution equipment, conduct joint auction synergies, establish internal partnership between PT Pupuk Indonesia and with external parties, implement long-term service contracts, and determine optimal stockpile of fertilizers.  Keywords: Distribution, Strategy, Fertilizer, Diamond Model, Six Precise.
Identifying an Institution to Become National Gas Aggregator Enity in Indonesia Hutabarat, Ronald; Hamid Batubara, Abdul
The Indonesian Journal of Business Administration Vol 6, No 3 (2017)
Publisher : The Indonesian Journal of Business Administration

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Abstract – The objective of this study is to formulate business model of an institution for national gas aggregator by using nine building blocks of the canvas business model.  This institution is expected to bridge the disparity of natural gas price between upstream producers and to provide standardization of natural gas price.  This step will be followed by calculating the gas price aggregators as a national reference for 2017.  This research is a case study that combines interviews, observations and analysis reports.  Data collection methods conducted by direct communications within SKK Migas as well as through observation and reporting on the relevant document, archives, and reports to learn and understand the current conditions regarding the utilization and patterns of natural gas sales in Indonesia as one but promising energy resources.  In order to address the natural gas price disparity from various region natural gas and to eliminate trader, it needs to set up an aggregation system that obliged each producers sale natural gas only through the institution and consumers only buy natural gas from the aggregator institution.  Nine building blocks of the canvas business model is structured to be able to run the aggregation system in order to eliminate the natural gas price disparity and natural gas sales execution which is conducted by the Government through national gas aggregator institution.  By using weighted average method plus alpha (where alpha is a component operational costs companies), the prices of natural gas price from the entity in 2017 is USD 5.36/MMBTU.  The price is still lower than the average gas price in the first quarter of 2017 of USD 5,55/MMBTU.Keywords: Natural Gas, Aggregator Price, Weighted Average Method, Nine Buildings Blocks of Business Model Canvas
Business Strategy Development for HAWS Home Accessories Nur Prasetyo, Fajri; Dung DO, Anh
The Indonesian Journal of Business Administration Vol 6, No 3 (2017)
Publisher : The Indonesian Journal of Business Administration

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Abstract. EBS is Indonesian e-reader application to find and read the replica of magazines, books and newspaper in digital format. EBS is one of FACT products that was founded in 2010. FACT is an Indonesian emerging apps company that is bridging content providers with its latest mobile technologies with great UI/UX design and data-driven to build an extensive service for our clients, either individual or enterprise. EBS e-book reader is the solution to overcome issue of declining reading interest in Indonesia which the factor is coming from nation’s cultural vitality where is having lower practice of literate behavior.  By analyzing the situation from external factor which is quite high competition within e-publishing, government support to drive digital economy, and higher funding from investor to growing digital startup, as well as internal factor which has suppliers from local and foreign publishers, having assets of cloud storage, also providing various payment method strengthened five elements to meet business strategy for increasing penetration in potential market among Z generation: targeted area where most university are located, maximizing internal development, developing adaptability and customization features, build three stages of deployment: utilizing KOL, social media and acquiring new market in high school, also set lowest cost through scale of advantages.  The business strategy is certainly supported by research methodology based on quantitative analysis in which the information is collected from two sources data: primary data by interviewing with management team from executive through managerial level and questionnaire that is addressed to 47 respondents from e-book reader customers and public, also secondary data which the data is obtained from the reference book, journal and publications. This research has the aim to identify profiling of current consumers involves living in area with higher mobilization, time behavior where they used to read at least two hours in a day, typical of book that they frequently read, most application used through what channels that they search for.  Keywords: E-book reader, Digital Economy, Z Generation, Business Strategy, Quantitative Analysis
Evaluation of Community Scholarship Training Program in Fulfillment of 35GW Coal Based Power Plant Operator ., Ineza; Anggoro, Yudo
The Indonesian Journal of Business Administration Vol 6, No 3 (2017)
Publisher : The Indonesian Journal of Business Administration

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Abstract. Human Resources Development Center of Electricity, Renewable Energy and Energy Conservation under the Human Resources Development Agency of Energy and Mineral Resources the Ministry of Energy and Mineral Resources has an obligation to implement human resource development in the Electricity, Renewable Energy and Energy Conservation sectors. One of the programs being launched by the government to support the availability of electrical energy in Indonesia is the 35,000 MW electricity program. The power plant development program needs to be followed up with the preparation of competent technical personnel. This study aims to provide an evaluation of the implementation of community-based human resource development policies in the fulfillment of 35000 MW operators program operators conducted by the Center for Human Resource Development KEBTKE through education and training assistance policy for the community as stipulated in Minister of Energy and Mineral Resources Republic of Indonesia Regulation 36, 2015 and its implementation. Indonesia's multi-stakeholder governance system proved to be a challenge in the formulation stage of policy and policy implementation. Some important findings in this program are the workforce preparation program through the community-based training is also the main duties and functions of the ministry of labor so that the need for special coordination related to the preparation of manpower by the Ministry of Energy and Mineral Resources. In addition, the program only sets short-term policy objectives to be implemented within a small scope: preparing workers through community empowerment programs around the plant, and not facilitating the funding on the job training and certification activities, requiring strong cooperation with the company. Lack of coordination between stakeholders has become one of the main factors of the continuity of this program. Furthermore, the final project provides recommendation based on the results of the obtained evaluation. The method used is literature study, collecting data through survey, filling questionnaire and interview. Keywords: Training Evaluation, Program Evaluation, Community Empowerment, Coordination, 35000 MW.
Integrated Project Management System to Improve Project Manajement Practice. Case: Inhouse Brownfield Project PT. Freeport Indonesia Concentrating Division Widyatmoko, Adi Nugroho; Firman, Aries F
The Indonesian Journal of Business Administration Vol 6, No 3 (2017)
Publisher : The Indonesian Journal of Business Administration

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Abstract - PT Freeport Indonesia (PTFI) is a contractor of the Government of Indonesia (GOI) and a Freeport-McMoran Copper & Gold Inc. (FCX) subsidiary which is operating in Papua, the most eastern province in Indonesia. PTFI concentrator plant which have been operated since 1973 can be categorized as an old plant. As an old plant, PTFI concentrator plant required a lot of brownfield project due to following issues: a lot of production equipment require to be replaced due to their parts no longer supplied by the manufacturer, corrosion severity which are caused by interaction between steel and copper concentrate, and unpredictable ore hardness level.  Therefore, a lot of re-engineered and brownfield project required in order to keep the plant operated as the design capacity. However, due to lack of project management system, PTFI also experienced frequent project delay and cost overrun due to various problem. As a company, PTFI also doesn’t have criteria in term of what are the successful project criteria which are applicable within PTFI brownfield project. Therefore PTFI require to develop successful project criteria according to PTFI condition, identify and mapping the problems which are causing frequent project delay and cost overrun. By developing the successful project criteria, the integrated project management system can be developed in order to achieve those criteria. Moreover, the integrated project management system also expected can solve the problems which are frequently causing project delay and cost overrun. Successful project criteria and root cause analysis are developed using mind mapping by interviewing various respondents from various sections which are frequently involved within PTFI Concentrating Division brownfield project. According to the qualitative research analysis, the successful project criteria which are suitable with PTFI condition are as follows: according to specification, on time, safety, on budget, free from defects and doing the right thing. While the root cause which are causing frequent project delay and cost overrun are as follows: lack of project management business process, lack of project management documentation system, lack of project approval system, lack of define scope and collect project requirements and lack of procurement management. In order to solve the root cause, this research propose to improving the existing project management process according to project management process which are described in PMBOK 5th edition including develop project charter during project initiation phase, stakeholder identification process, plan scope management, develop an installation drawing and field check during project planning phase and develop lesson learned for future reference within improved business process. the other recommendation within this research also develop an Engineering Change Notice system, implementation of Project Management Offices (PMOs) as project approval and project prioritization committee, and develop a material control team. However, due to limitation of manpower, each of proposed solutions required to be selected and prioritized. In order to prioritize them, Pareto analysis is used. Therefore according to Pareto analysis, in order to solve 80% of frequent project the solutions require to be implemented are Implementation of Project Management Office (PMO) as project approval, selection and prioritization committee and improving existing project management business process according to the PMBOK.Keywords: Brownfield Project, Project Management, Successful Project Criteria, Mind Mapping, Project Management Process, Engineering Change Notice, Project Management Offices (PMOs), Pareto Analysis
The Role of Corporate Communications Toward PT. Freeport Indonesia's Branding in Changing the Public Perceptions Steven Paoh, Spencer; Ashari Nasution, Reza
The Indonesian Journal of Business Administration Vol 6, No 3 (2017)
Publisher : The Indonesian Journal of Business Administration

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Abstract - PT. Freeport Indonesia is a subsidiary of Freeport-McMoRan Inc. (FCX) which has the largest copper and gold reserves in the world located in Mimika Regency, Papua. There is ongoing negotiations between the government and PT Freeport Indonesia regarding the guarantee of the company's operational continuity. This negotiation is very important for both parties to determine whether PTFI can continue to operate and provide benefits to our Nation or have to stop because it is considered not to contribute to our Country. Public opinion is very influential in the process of reaching the agreement, which discusses some items that one of them and most importantly for the company about obtaining contract extension certainty until 2041. The Indonesian public is less aware of PT Freeport Indonesia's gait, especially its positive action. The press in Indonesia generally does not pay attention to the role of PT Freeport Indonesia, especially the positive side. The role of the mainstream mass media in shaping public opinion has begun to be eroded by other forces, namely social media and public opinion in Indonesia tend to follow public opinion, although the general opinion is not in line with reality. In this thesis the authors want that through some communication strategy done will be able to make people can see PT Freeport Indonesia better based on the facts that exist, on the positive things that have been done so that negative opinions that have been formed Can gradually be positive. This thesis is an early scientific effort to determine the right communication strategy to change public perception and strengthen the branding of PT Freeport Indonesia. The communication and branding strategies must be applied continuously to obtain maximum results for PT Freeport Indonesia.Keywords: Certainty of Contract Extension, Public Opinion, Operation Continuity, communication Strategy 
Capital Budgeting Strategy of Power Plant for Internal Use: Case Study of Coal Fired Steam Power Plant (CFSPP/PLTU) 2X55 MW PT. Bosowa Maros Energi for PT. Semen Bosowa Maros in Kabupaten Maros, South Sulawesi Faremi Adirama, Farza; Sumirat, Erman
The Indonesian Journal of Business Administration Vol 6, No 3 (2017)
Publisher : The Indonesian Journal of Business Administration

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Abstract. This paper discusses the Power Plant financing scheme for PT. Bosowa Maros Energy (BME) to be undertaken by PT. Semen Bosowa Maros (SBM). This power plant will be used to support the performance of PT. SBM in the future, as today machine utilization of PT. SBM is currently still below 50%, due to PT. SBM recent investment on Bosowa Cement Line-Unit II. In the future, with the operating Cement Line-II, production capacity of Semen Bosowa Maros will reach 85 percent of its capacity (on average) or equivalent to 85 MW of electricity use. Power Plant to be built will use Steam Power Plant (PLTU) system. All aspects of PLTU must be prepared, including selection of location, technical specification and machine, coal requirement, and so on. Legal and environmental aspects also need to be studied so as not to disturb with aspects of community life and Indonesian Law. Finally, the financial aspect must be calculated carefully so that the return of this investment can run well within the specified time period. The feasibility study of this paper is feasible according to the financial calculation, either by NPV, IRR, or Pay Back Period (PBP) parameters, so we can expect the development continue.Keywords: Feasibility Study, Electricity, Steam Power Plant (PLTU), PT. Semen Bosowa Maros (SBM), PT. Bosowa Maros Energy (BME)
Employee Satisfaction Analysis of Emerald Bank Indonesia Branch Andina, Meity; Hidajat Tjakraatmadja, Jann
The Indonesian Journal of Business Administration Vol 6, No 3 (2017)
Publisher : The Indonesian Journal of Business Administration

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Abstract – Problems that arise in the Emerald Bank of which is that firms face greater difficulties in obtaining the necessary human resources to meet individual goals and objectives of the company. The existence of employee dissatisfaction is characterized by a lack of positive respond to staff’s achievements. It may affect their loyalty, dedication and honesty if no proper appreciation from the institution. Purpose - This study was to examine the relationship of job characteristics toward job satisfaction in Emerald Bank Indonesia. Therefore, a correlational study is engaged to identify the relationship between significant factors (as independent variable) and the problem (as dependent variable). The data collection refers to the observation of such relationship was using a quantitative method. The reason of using quantitative method due to its allow statistical analyzes to verify the data collected are reliable and valid. Questionnaire has been sent to 57 respondents were employed as an instrument for this study. Findings – the outcomes of this study came with eight factors of job characteristics which are workplace environment, supervision, cooperation from peers, work discrimination, employee acceptance, work allocation, job security, and remuneration. Based on the observations result, this study has formulated HRM implementation practices focusing in these objects: 1.Supervisor improvement; 2.Situational leadership; 3.Carrier Development; 4.Benefit equality; 5.Management improvement (rewards and recognition); 6.Peer to peer attachment & cross division; 7.Promotion; 8.Workstation rotation.Keywords: job satisfaction, effectiveness of supervision, employee acceptance, work allocation, cross division, rewards and recognizing
Aligning Employee Competency in Achieving Corporate Goals to Compete with Another Agencies Putri Afrili, Amanda; Ros Bangun, Yuni
The Indonesian Journal of Business Administration Vol 6, No 3 (2017)
Publisher : The Indonesian Journal of Business Administration

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Abstract - This thesis research is aim to analyze the current situation both internally and externally of PT Komunikasi Maya Bestari (Communicaption) and preparing the employee competencies in achieving corporate goals to compete with another agency. Communicaption as a new start-up agency that has been established since 2011 nowadays need to compete in this rapid competition among digital agency in Indonesia. Indonesia, as the 29th position among all countries and 6th position in South East Asia or internet penetration consider that digital industry now raise significantly. Around 51% of Indonesia population are active using internet and Indonesia get 3rd position of social media growth rank among all countries (Wearesocial.com, 2017). The internet usage also made an impact for corporate to promote their brand through digital tools such as website, social media, mobile-apps and so on. This thesis is focus on finding various things to be improved to preparing and aligning employee competencies with corporate goals. Using various method such as workload analysis, competency analysis, IFE-EFE matrix, CPM matrix and SWOT analysis, researcher find out that Communicaption has some obstacle in their internal aspects, however they have various strengths in running their business. Researcher give various suggestion and activity recommendation to support its management in aligning employee competencies to achieve corporate goals. Keywords: employee competency, corporate goals, digital agency, industry competency

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