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The Indonesian Journal of Business Administration
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Core Subject : Science,
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 1,144 Documents
Business Strategy to Facing Declining Sales of PT. NMI
The Indonesian Journal of Business Administration Vol 8, No 3 (2019)
Publisher : The Indonesian Journal of Business Administration

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Abstract

Indonesia is the fourth largest population in the world with total population about 265 million.  The advantage of the large population owned by Indonesia has a positive impact on automotive sales. It is estimated that significant growth for automotive occurs in the segment of passenger vehicle (PV), estimated at growth until 2020 reaches 6.8%. The issue is even though total PV sales are increase but PT. Nissan Motor Indonesia was facing declining in sales around 68% in just 3 years. It is necessary to do research to get the right solution for this issue.In this research, the Framework is first, the input explain the business issue, second the process is explaining about business exploration, and third the outputs explaining business solution. In the business exploration, use internal & external analysis, and find the main rootcause use fish bone analysis. For business solution find the best alternative use SWOT and TOWS matrix analysis for generate alternative, then choosing the best alternative will use AHP process. As a result, the main factor that affect to the declining sales of Nissan are turn over new model is too long plus and expensive spare part for maintain Nissan cars. Then for improve this condition, Nissan could be launch new model that build from alliance plant & improve total delivery cost and integrating part supply with alliance plant. Keywords: Decline in sales, internal & external analysis, SWOT & TOWS, AHP, launch new model, Alliance
ANALYSIS OF CASH CONVERSION CYCLE TO COMPANY LIQUIDITY & WORKING CAPITAL (A CASE STUDY OF PT. GISTEX TEXTILE INDONESIA)
The Indonesian Journal of Business Administration Vol 10, No 2 (2021)
Publisher : The Indonesian Journal of Business Administration

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Abstract

Indonesia textile industry in 2019 is under pressure due to the large number of imports entering the local market, which makes industrial sales depressed that had Impacted on the performance and growth of the textile declining. PT. Gistex, a company engaged in the textile industry, is also experiencing the same pressure as the industry. The company's had a poor performance reflected in the Cash Conversion Cycle Indicator, which is getting higher each period and the value of liquidity is decreasing. Cash Conversion Cycle should be a concern for the company, namely improving company performance and improving shareholder welfare. So it is important to find an improvement in the Cash Conversion Cycle for PT. Gistex so as to improve the welfare of the owner. The analysis is carried out to obtain an indicator of the target improvement for the company, namely by forecasting for 5 years with various different scenarios and adjusting to market conditions. Industry cash conversion cycle benchmarks are also important, benchmark uses a population of listed companies on the stock exchange. The issuer's data and performance are looking for the Cash Conversion Cycle turnover rate for various aspects such as Receivable Turnover, Inventory Turnover and Payable Turnover. As a reference, the company must improve, namely receivable turnover and inventory turnover. The improvement in terms of receivables and inventory turnover aspects based on industry performance will be used as a reference for companies in determining their business and management strategy. The results obtained after using these references are that the company can improve its profitability and liquidity performance. Important for PT. Gistex to increase the cash conversion cycle so as to increase the shareholders welfare, the company must control, manage and monitor the driving factors of the cash conversion cycle.Keyword: Cash Conversion Cycle, Receivable Turnover, Inventory Turnover, Shareholder Wealth
IMPACT OF LEADERSHIP STYLE (TRANSFORMATIONAL AND TRANSACTIONAL) ON PT BUMA SITE LATI'S SAFETY PERFORMANCE
The Indonesian Journal of Business Administration Vol 10, No 1 (2021)
Publisher : The Indonesian Journal of Business Administration

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Abstract

PT BUMA LMO as a coal mining service company located in the operational area of PT Berau Coal has the largest production capacity and has a high potential for accidents. Increased production that is not balanced with a safety culture and safety commitment from management has an impact on safety performance in the company. A leadership culture in safety is very influential in creating a safety pattern in a company. Leadership in the organization at PT BUMA LMO is very much needed in safety management to create a conducive safety culture. The SR and FR data shows that there has been a significant increase of accidents that occurred at PT BUMA LMO during 2013-2019. This is an important consideration to improve the safety performance of PT BUMA LMO because the safety performance factor is a prerequisite for contractors who meet the requirements, and become a determining factor for production volume. In this study, research on leadership styles (transformational and transactional) in PT BUMA LMO is a factor to be examined.Keywords: Leadership, Transactional Leadership, Transformational Leadership, Safety Performance
FINANCING STRATEGY FOR BUILDING A NICKEL SMELTER, BY IMPLEMENTING BOT SCHEME. (CASE STUDY: PT. TOMINDO ENERGY, HALMAHERA, CENTRAL MALUKU)
The Indonesian Journal of Business Administration Vol 8, No 3 (2019)
Publisher : The Indonesian Journal of Business Administration

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Abstract

The globalization of production and distribution has required countries to have efficient infrastructure in order to be able to have substantial participation in global trading and production networks.  Since the early 1990s, the mining sector has reopened to invest in it, Indonesia has increased its rank in production, domestic coal sales, and for coal exports. Indonesia is very profitable because of its wealth, geographically strategic to emerging markets, thus the demand for low-quality coal from developing countries has increased sharply. PT. Tomindo will build a smelter plant in Central Halmahera, North Maluku. Building a new smelter in order to meet the increasing market demand and will enter the company's assets. PT. Tomindo collaborates using BOT Scheme to carry out the new smelter plant construction project. Investors and PT. Tomindo will use the BOT scheme to shall establish a smelter, which investors have comprised of finance, design, procurement, construction, testing commissioning operation and maintenance including auxiliary equipment and supporting facilities for operating a reliable base. The methodology used of this research is to know the business issue, and then analyze the situation if this company build a new smelter plant. Through the external analysis using PESTEL (Politic Economic, Social, Technology, Environment and Legal) and Porter’s Five Forces, and then to internal analysis using Research and Capabilities analysis. After that, analyzing the external and internal aspects of the company, a SWOT analysis is performed, also obtained using TOWS matrix analysis. Then to the calculation of the Financial Projection and Financial Feasibility Study of the project to be carried out. After getting the results of the calculations carried out NPV, IRR and Payback Period. Entire the project financing use 70% loan and 30% equity with the life time of project 10 years. From the calculation of the Financial Feasibility Study results the Payback Period from this project is for 1,54 years, the result of Net Present Value (NPV) is positive by 3.605.239.070,86 USD, and the Internal Rate of Return (IRR) is 21,53%% which is greater than the Weighted Average Cost of Capital (WACC) of 5,98%. Based on the calculation, it can be seen that this project is financially feasible, this is because the result shows that all indicators are acceptable. Keyword: BOT Scheme, Capital Budgeting, Coal and mining Industry, Feasibility Study.