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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 44 Documents
Search results for , issue "Vol 7, No 3 (2018)" : 44 Documents clear
1 x 125 mw coal fired steam power plant economic analysis at pt krakatau daya listrik Anggraeni, Dian; Murtaqi, Isrochmani
The Indonesian Journal of Business Administration Vol 7, No 3 (2018)
Publisher : The Indonesian Journal of Business Administration

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Abstract

Abstract. This study aims to perform an economic feasibility analysis of the construction project of Coal Fired Steam Power Plant with 125 MW capacities to be performed by PT Krakatau Daya Listrik, a subsidiary company from PT Krakatau Steel This research will analyze whether an investment on the construction of Coal Fired Steam Power Plant with 125 MW capacity is financially feasible. The analysis is conducted by using Capital budgeting method through Discounted Cash Flow approach. Indicators measured are Net Present Value, Internal Rate of Return, Payback Period. In this approach also carried out the project sensitivity analysis. The construction project of a 1 x 125 MW Coal Fired Steam Power Plant is financially feasible by comparing financial feasibility parameters such as Net Present Value (NPV)> 0, Internal Rate of Return (IRR)> Cost of Capital and Payback Period less than maximum payback period that can be accepted. Based on the results of the analysis of these parameters, the construction project of Coal Fired Steam Power Plant 1 x 125 MW is feasible to be done financially with NPV value of MIDR 2,345,451, IRR 13.76% larger than WACC of 8.07% and Payback Period for 6 years 3 months. In relation to the results of financial analysis, the sensitivity analysis is used to determine the feasibility characteristics of the project on changes in investment value caused by the influence of economic variables and technical parameters. To conduct a deeper analysis, it is necessary to calculate the investment indicators by making changes (sensitivity analysis) to the key parameters that influence: EPC cost, coal price, loan interest rate, change in exchange rate and electricity tariff.Keywords: Capital Budgeting, Net Present Value, Internal Rate of Return, Payback Period, Sensitivity Analysis.
Business and marketing strategy reformulation for optik joy to develope new customer base Firullah Pandy, Nathania; Furinto, Asnan
The Indonesian Journal of Business Administration Vol 7, No 3 (2018)
Publisher : The Indonesian Journal of Business Administration

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Abstract — Indonesia, with total population estimated at 266.79 million, has a rapid increasing growth of consuming class. Domestic goods and service consumed by Indonesian urbanities are also increasing. 80 of 266.79million Indonesian people are wearing spectacle. Although, 30 of 80million of spectacle target market are still not reached with 1500 mid-low priced optics as competitors in optical industry. Optik JOY, which is which is the one of mid-low priced optical retailer of eyewear in Tangerang region of Indonesia, has a huge opportunity to expand in Indonesian spectacle market industry. In actual, GMV of Optik JOY mostly generated by BPJS Kesehatan Health Insurance coverage. However, regarding to some internal regulations within BPJS Kesehatan Health Insurance, Optik JOY could not expand only depend on the partnership itself. This situation challenges Optik JOY to develop the potential of new target market and out from the red ocean optical industry competition. In regards of to develop a new business and marketing strategy formulation for Optik JOY, writer do several analysis using qualitative and quantitative methods. By identifying the external forces and internal issues first, then author formulating the strategic proposal to create strategy that could leverage Optik JOY’s positioning as a mid-low priced optic and create differentiation and unique value proposition. The proposed strategy applies an adjusted segmentation, target, and positioning of Optik JOY, improved marketing strategy, and blue ocean strategy into the context of a mid-low priced optic. Keywords: business strategy, marketing strategy, optical industry
A business strategic study of facilities development in south east sematera under gross split production sharing contract Aversie, Herdon; Budi Saksono, Prasetyo
The Indonesian Journal of Business Administration Vol 7, No 3 (2018)
Publisher : The Indonesian Journal of Business Administration

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Abstract. To many countries in the world, oil and gas sector has been vast areas that become a strategic sector to its nation in parts of country and region stabilization. It also becomes a vital commodity in countries that mainly could affect its economic country’s conditions. South East Sumatera (SES) block has been a part of Indonesia’s oil and gas production area whereas its contribution from 1960’s until present time. Under a Production Sharing Contract (PSC) agreement, SES block is one of the largest offshore producers of crude oil in Indonesia. However with regards to implementation of new regulation on September 2018, the Production Sharing Contract is to be terminated and handed over to the new contract holders/operator. Therefore business strategic plans to develop South East Sumatera aging facilities are imperative. The research for facilities development in South East Sumatera (SES) initialize by provides a general comparison between ongoing production sharing contract agreement and new gross split production sharing contract. Furthermore, the methodology of this research are by a qualitative method to knows facilities development options and followed by a quantitative method by uses a Net Present Value (NPV) calculation and NPV Index (%) approaches, to calculates the profitability figures for each facilities development options. Based on the analysis, it shows detrimental comparison in the new gross split production sharing contract, in which efficiency factor on production costs as well effectiveness factor of work program are turn out to be the most outstanding concern in the new gross split production sharing contract. The conclusion from Net Present Value (NPV) calculation and NPV Index (%) shows that options which has less initial investment is potential as the most profitable values. Further as part of management implication and scenarios development, it concluded essential to re-considers as well to the factors of potential production loss, technology level requirement and potential of local environment effect. Hence from this study, it concludes and recommends an offshore facilities development after contract hand-over is to develop a distribution pipeline and to develop an offshore platform refurbishment; whereas these options have potential profitability values as well in consideration of potential production loss in case if said options are non-executed. Addition recommendation to support above is to perform a detail study and analysis of new-build platforms in integration between personnel accommodations and power generation facilities as part core support of oil production activities in South East Sumatera (SES). This study is expected to provide an outlook of potential facilities development options to the new contract holder/operator, at the same time as to provide an outlook of investment figures necessary in regards to develop offshore facilities in South East Sumatera (SES).Keywords: production sharing contract, gross split, profitability, offshore facilities development and production loss.
Developing 20fit instagram content for increasing brand awareness among competitors Ariq Saputra, Fadhil; Inggriantara, Alibasjah
The Indonesian Journal of Business Administration Vol 7, No 3 (2018)
Publisher : The Indonesian Journal of Business Administration

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Abstract - Indonesia is one of the biggest internet users in Indonesia that is an opportunity for companies to introduce their product into market. Cheaper marketing cost with wider coverage is one of many reasons why companies are starting to leave traditional marketing channel. One of the internet channel is social media. 20FIT is a company that engaged in sports industry. With a concept that people can be fit in only 20 minutes, 20FIT has their own competitive advantage. 20FIT doing their marketing in their Instagram. The problem is not much people know about 20FIT. Gym is still the main choice because the fee is cheaper and the training method is easier. Interview and questionnaire were done then analyzed using SWOT analysis, 5C of Marketing and PEST analysis. The result is he Instagram content of 20FIT is not attractive than Celebrity Fitness as competitor. To find the solution, Steps in Developing Effective Communication from Integrated Marketing Communication were used and the result is 20FIT must create a video content which lack of on their Instagram profile. The video tells a story of an employee who had tough time at work the he or she wants to get freedom from stress and 20FIT is the solution. The video must show positive and negative emotions while the viewer feels the video is relatable to their daily activity so it will viral. The utilization of video content will increase their brand awareness thus will make an alternative choice. Keywords: Social Media, Content, Brand Awareness, Effective Communication, Video Content