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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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Search results for , issue "Vol 8, No 1 (2019)" : 41 Documents clear
Anti bribery management system (abms) impelementation in govenrment institution - mitigating bribery risk by integrating iso 31000 into iso 37001 Dwi Sesantiningsih, Rika; J. Susilo, Leo
The Indonesian Journal of Business Administration Vol 8, No 1 (2019)
Publisher : The Indonesian Journal of Business Administration

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Abstract.Nowadays people are becoming more aware of bribery risk that can disrupt organizational goal achievement. Bribe brings big impact for any organization, start from financial loss until reputational damage that will ruin organization reliability. Triggered by three element of triangle of fraud, a perpetrator could execute bribery activities even involving its family member.  Considering its role and responsibility within oil and gas upstream industry that may exposed to bribery risk, SKK Migas has been implementing anti bribery management system based on ISO 37001 since 2017. This system rely heavily on optimum bribery risk assessment as reference to determine action to address bribery risk. By integrating ISO 31000 into ISO 37001, organization could use risk assessment based on ISO 31000 as a powerfull tools to produce optimum bribery risk assessment to mitigate the bribery risk. SKK Migas has implemented risk management based on ISO 31000 earlier in 2015. Using an established system by integrating ISO 31000 into 37001 could support the implementation of anti-bribery management system to mitigate the bribery risk. Considered the importance of mitigating bribery risk, this integration should be monitored to ensure that it will always bring optimum value for implementation of anti bribery managemen system. Keywords: Bribery Risk, Business Process, Integration, Mitigation, Risk Assessment
Propose business strategy to increase seragam harapan adek sales Aulia Harmaylin, Novelina; Aditya Wibowo, Satya
The Indonesian Journal of Business Administration Vol 8, No 1 (2019)
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Abstract School participation growth in Indonesia always in high number and also followed by number of student. Growth of number of student followed by needs that must be met, one of them is school’s uniform. It shows that school’s uniform business is a great opportunity for SME. Seragam Harapan Adek is a brand that provide not only school’s uniform, but also school’s accessories, and other thing that student needs. However, Seragam Harapan Adek faces some problem, one of them is the inconsistent sales. Besides, Seragam Harapan Adek also need to figure out how to growth, aim new market, and survive in school’s uniform market competition. Conceptual framework used in this study to analyze Seragam Harapan Adek’s market conditions both external and internal. For external analysis, author use PEST analysis, porter five forces, and competitor analysis. For internal analysis, author use STP, marketing mix, VRIO analysis, and business model canvas. External and internal factor than used to determine the new marketing strategy for Seragam Harapan Adek to increase their sales. External and internal factors than used to formulate SWOT.  From SWOT’s result fund, author determine new marketing strategy. New strategy that will recommended for Seragam Harapan Adek are new STP, new marketing mix, and new business model canvas.Keywords: Business strategy, school’s uniform, SWOT, marketing mix, business model canvas
Re-layout beverage and dry goods set-up area at pt. Karunia food Ondania Keloko, Lea Lehelia; Nizar, Adirizal
The Indonesian Journal of Business Administration Vol 8, No 1 (2019)
Publisher : The Indonesian Journal of Business Administration

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Abstract - PT Karunia Food is a company which engages in in-flight catering to support catering and logistic supplies for a national airline. For the logistic supplies, PT Karunia Food must prepare various kinds of inventories, such as monouse, multiuse, dry goods, and beverages. The logistics that have been arranged to trolleys or containers will be transferred to the assembly line and will be uplifted to the aircraft. The business process will be continued after the aircraft landing because the multiuse inventory will be offloaded from the aircraft and transferred back to each setup area. The absence of recording the items that offload from the aircraft caused a lot of loss and breakage items which generate an increase in inventory cost. To reduce it, PT Karunia Food will implement barcoding system to control the inventory items that the company have. With this system, the items that will be uplifted and offload after aircraft landed could be counted, so the items that already consumed can be calculated properly for the procurement planning. For the implementation of barcoding system, PT Karunia Food implements first on beverage and dry goods setup area. In this area, there are six setup processes of items needed for the aircraft, which are beverages, dry goods, mineral water, amenities, paper cups, and miscellaneous. But, for the implementation, there is a problem with the insufficiency of the area to do the barcoding process, so the barcoding system cannot be implemented. The research methodology used in this research is using qualitative method through the author’s observation and interview to find the root cause of does not have space to implement barcoding system. The interviewee are the head, administration officer, and staff that involves in the setup area. After interview, the author analyzes using the fishbone diagram and found that there are four root causes that make the company does not have enough space to implement barcoding system in the beverage and dry goods setup area, which are unclear flow process, does not have SOP (Standard Operating Procedure), unclear distribution of task, and unclear layout. The proposed solutions are making the new flow processes, making SOP, making clear job description, and making a new layout. Flow process analysis is being used to make the new flow processes. The first solution that the company has to applied is making the new flow processes first to make a process which have a proper flow which will be used for next solution, which is making a new layout. After those two solutions are done, the next solution is making SOP for each process and making a clear job description for the manpower. Keywords: Setup Area, Flow Process, Re-Layout, Fishbone Diagram
Project evaluation of low-price housing development to support government program one milion house Kusuma, Bryan; Tjendrasa, Kin
The Indonesian Journal of Business Administration Vol 8, No 1 (2019)
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Abstract – House backlog become government concern since 2010 until now, by creating program called one million houses program, giving opportunity for the citizen who really need the house but cannot afford it. Government program support all the party involved: banks, developers, contractors, and citizens. Problem that identify is on land price that increase nevery year making higher cost of development and time value of money that might have an impact on cash flow. Product positioning analysis using Porter’s five forces and strategy diamond and capital budgeting method using Net Present Value (NPV), Internal Rate of Return (IRR), Discounted Payback Period (PBP) and Weighted Average Cost of Capital (WACC) method. Using 3 scenario case of different period shows that the highest investment return compares to discount rate of 11.28%, gain from selling all units in 1 year that on best scenario, shows IRR of 30%, NPV of IDR 2,678 million and Discounted PBP of 14 months. The conclusion shows project is feasible with positive cash flow, land permit become simplify and fast progress to complete, and government program provide tax incentive of 1%. Recommendation on Infrastructure, facility, and utilities support development can improve with electronic system management. Alternative suggestion to decrease construction interest rate.  Keywords: backlog, capital budget, government program, return of investment Abstract[B1]  – House backlog become government concern since 2010 until now, by creating program called one million houses program, giving opportunity for the citizen who really need the house but cannot afford it. Government program support all the party involved: banks, developers, contractors, and citizens. Problem that identify is on land price that increase nevery year making higher cost of development and time value of money that might have an impact on cash flow. Product positioning analysis using Porter’s five forces and strategy diamond and capital budgeting method using Net Present Value (NPV), Internal Rate of Return (IRR), Discounted Payback Period (PBP) and Weighted Average Cost of Capital (WACC) method. Using 3 scenario case of different period shows that the highest investment return compares to discount rate of 11.28%, gain from selling all units in 1 year that on best scenario, shows IRR of 30%, NPV of IDR 2,678 million and Discounted PBP of 14 months. The conclusion shows project is feasible with positive cash flow, land permit become simplify and fast progress to complete, and government program provide tax incentive of 1%. Recommendation on Infrastructure, facility, and utilities support development can improve with electronic system management. Alternative suggestion to decrease construction interest rate.Keywords:backlog, capital budget, government program, return of investment [B1]Revised on Abstract following the change from Final Project
In search of fair unit rate terminal navigation charge for soekarno hatta airport & halim airport using activity based costing system at airnav indonesia Ahmad Junaedi, Rahayu; Aliludin, Arson
The Indonesian Journal of Business Administration Vol 8, No 1 (2019)
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Abstract. Current Air Navigation Charge system does not fully apply the concept of cost recovery that become the main base of financial management in AirNav Indonesia according to President Decree No 77 of 2012. One of the proofs is that the Terminal Navigation Charge structure is based on three categories: Precision, Non-Precision, and Information. This research is conducted in search of fair unit rate terminal navigation charge which is comply with cost recovery using activity-based costing system. Soekarno Hatta and Halim Airport are chosen as the research location because both airports have completely different operational complexity yet but both are in same category of terminal navigation charge, precision category with the unit rate of Rp.5.500. Result of this research found that the unit rate of Soekarno Hatta Airport is Rp.22.273 for domestic flight and Rp.21.305 for international flight; meanwhile the unit rate of Halim Airport is Rp.47.732 for domestic flight and Rp.45.658 for international flight. Based on analysis of total costs needed to hold the terminal navigation charge in those airports, there is still deficit of Rp. 389,32 M by applying current unit rate. However, when applying the new unit rate, those cost will be fully covered.Those new unit rate is still under the unit rate that is stipulated in AirServices Australia that has operational similarities with AirNav Indonesia as well. By applying the new unit rate for Soekarno Hatta Airport, operational cost of flight Airbus 320 with 1-hour flight hour will increase 1.55% for domestic flight and 1.14% for international flight, that will gradually decrease as the flight hour increases. Applying the new unit rate will also increase the ticket price of flight Airbus 320 of Rp.11.415 per passenger for domestic flight and Rp.9.061 per passenger for international flight for flight load factor 60%, whereas the impact will gradually decrease as the flight load factor increases. Based on research result and the corresponding analysis, so the new determined unit rate is more reasonable and apply fairness for the stakeholders.Keywords: terminal navigation charge, PCN, PCF, ABC System, Cost Recovery
Enhancing the productivity of sales visit in b2b context and the company business process: a study at pt ala, distributor of fmcg product Adli Putra, Muhammad; Furinto, Asnan
The Indonesian Journal of Business Administration Vol 8, No 1 (2019)
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Abstract - Product distribution is an essential part for any FMCG products as it’s a doorway that connect the products with their consumer. The problems arise during the research is that the sales productivity aren’t maximize and the business process is not efficient, resulting in lower number of effective call (EC) for wholesale compare to retail. The wider the distribution of a certain product, the easier it is for the consumer to access that said product. Nowadays, products are distributed into two markets; modern and traditional. The modern market consisted of hypermarket, supermarket and minimarket while the traditional market consist of retail and wholesale. This research used both quantitative and qualitative method. The quantitative method is through the analysis of salesman visit data during the month of August 2018 at the Leteng Agung Depot. While the qualitative is obtained through observation during the process of joint call and in the form of questionnaires and interview about their satisfaction towards the services provided by PT ALA. The macro-environment analysis is done by using PESTLE analysis, where the Politic, Economic, Social, Technological, Law and Environment factors were analyzed. Afterwards, the attractiveness of the industry is identified through Porter’s Five Forces where it looks how powerful are the customer and supplier bargaining power, the threat of substitute and new entrants into the industry and lastly the existing competitor. The proposed solution to the problem is to implement an application based system for the customer that have the functions of online order, delivery tracking, invoice, product return request and chat with salesman. The system will improve salesman productivity and improve business process efficiency. Keywords: B2B, distribution, development strategy, Online order, Porter’s Five Forces
Business strategy development to enhance fintech peer-to-peer lending industry in indonesia Ananta Sudirman, Friyanti; Sidik Motik, Surani
The Indonesian Journal of Business Administration Vol 8, No 1 (2019)
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Abstract. Fintech P2P lending industry is still be an attractive industry in the past 3 years in Indonesia. Despite the decreasing growth in 2017, new start-up in P2P lending industry start to increase again in 2018. The P2P companies face lots of opportunities, challenges and follow with the multiple risk in running the business. How to develop the company strategy to be able to sustain the business in the future will be a focus to all the stakeholder in the industry. The aim of this research are to discuss the business strategy development, how the external and internal environment affect the Industry and and how the strategy to enhance the P2P lending industry in Indonesia. The methodology of the research is qualitative approach where the data collected through interview with the expert and observation to analyse the industry internal and external aspect as well as the stakeholeder analysis. The sustainable industry related with how the companies comply to the regulation, thus the paper scope is limited to the registered companies. The synergize between different systems, different technology has not to be a burden on the collaboration among the stakeholder. Collaboration as the key to promote the industry as well as the regulation development be a major key forced to the industry. P2P companies need to shield the organization with risk management internally as well as externally.The strategist needs to look beyond shareholders and apply a stakeholder perspective to ensure long-term survival and success of the firm. A firm that does not respond to stakeholders beyond stockholders in a way that keeps them committed to its vision will not be successful.  Keywords:  business strategy, fintech, collaboration, peer-to-peer lending, sustainable ecosystem
Business strategy for "kiddo" to be the leading family activity marketplace in indonesia Tanuwidjaja, Analia; Dung Do, Anh
The Indonesian Journal of Business Administration Vol 8, No 1 (2019)
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Abstract. Kiddo is a marketplace brand from PT Kebanggaan Anak Indonesia, which was launched to the market in September 2018. This study aims to formulate creative business strategies so that Kiddo can achieve the company's short and long-term growth targets. The research methodology used is a quantitative method through questionnaires and qualitative methods through interviews with several stakeholders at Kiddo. Secondary data is also obtained from internal company data, books, articles, and others. The conceptual framework used in this study is external and internal analysis of the company. External analysis uses PEST Analysis and Porter’s Five Forces, while internal analysis uses VRIO models. The combination of external and internal analysis is also carried out using SWOT Analysis. The results of this analysis show a number of strengths and weaknesses of the company both from external and internal sides. The solution offered in this study is how Kiddo can win the market as the number one family activity marketplace in 2023. To better understand and execute the strategy into actions, a business model needs to be developed. For this research, Business Model Canvas will be used as a tool to make a structure of business plan with a clear guidance on how an organization creates, delivers, and captures value. To successfully execute the business strategy, an implementation plan is created through Marketing Mix 7Ps scheme.  Keywords: e-commerce, family, kids, marketplace, millennial parents, startups, technology
The relationship between working capital management, solvency, profitability and bankruptcy risk: case of property and real estate sub-sector in indonesia capital market Arira Putri, Rizkita; Murtaqi, Isrochmani
The Indonesian Journal of Business Administration Vol 8, No 1 (2019)
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Abstract. Bankruptcy becomes a major risk faced by every companies including property and real estate companies in Indonesia. Currently, some economic and business analysts conclude that Indonesia's property sector still has a decline trend in 2018. Bankruptcy is not always experienced by poor performance companies, but it can also be experienced by companies with strong performance. Performance of the company can be affected by the efficiency of companies’ working capital management. That can be the reason why thorough bankruptcy assessment will be needed. The purpose of this study is to examine the relationship between bankruptcy risk (Altman Z-Score) of property and real estate companies in Indonesia and the efficiency of working capital management, solvency, and profitability. The study focuses on 41 publicly-listed firms of property and real estate sub-sectors in Indonesia Stock Exchange during the period of 2012-2017. Bankruptcy risk calculation will be examined based on Altman Bankruptcy Theory. Besides, the components Cash Conversion Cycle wll be used as working capital management indicator, DAR as the solvency indicator, and ROE as the profitability indicator. The relationship between bankruptcy risk and the efficiency of working capital management, solvency, and profitability will be examined using panel data regression method. The result of this study indicates that AAI, APP, and ROE are significantly related to bankruptcy risk (Altman Z-Score). The study will contribute as an empirical analysis to highlight the link relationship between working capital management efficiency, solvency and profitability with bankruptcy risk of property and real estate companies in Indonesia.Keywords: Altman Bankruptcy Model, Bankruptcy Risk, Working Capital Management, Cash Conversion Cycle, Property and Real Estate.
Business strategy to develop the auto classified portals: case of otomart Rifaie de Jong, Achmad; Dung Do, Anh
The Indonesian Journal of Business Administration Vol 8, No 1 (2019)
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Abstract - Indonesia automotive market has always been on the top of the markets among ASEAN countries. The interesting thing about the market is not merely about the production but also the car buying and selling process. Nowadays digital technologies started playing important roles in people day to day lives as we expect more accessible way of information anywhere, at any time and on any device. These include researching and buying car. Invention of auto classified portal plays an important role in these phenomenons.  OTOmart as online auto classified portals sees the opportunity to cater this massive market throughout digital mean which for decades classified ads were the domain of newspapers. As a new player in the industry OTOmart faces a challenge to find a way to gain a competitive advantage and successful monetization. It is imperative to move fast as the competition is getting tougher. This research focus in business strategy development in OTOmart as auto classified portal. The research methodology used in this final project is qualitative method. The information and data collection was gathered utilizing internal interview of OTOmart team and a survey to dealer and website visitor. Business solutions proposal offers an approach using linkages and interrelationship optimization as the research find there are some missing link on value creation in OTOmart. Moreover the strategy diamonds and business model generation complement the business solution for OTOmart to gain the competitive advantage, value proposition and monetization. The finding on business solution was formulated after the analysis on external and internal company situation. External factors are using PESTEL, Porter’s Five Forces, and Competitor Analysis. Meanwhile the internal analysis is using value chain analysis. To complement the analysis of internal and external the research also develops the SWOT analysis of OTOmart. Keywords: Competitive Advantage, Auto Classified Portal, Business Strategy, Business Model, Strategy Diamond, Linkages and Interrelationship