cover
Article Per Year (5 Year)
All
Home Page
OAI Link
Editorial Team
Contact
Reviewer
Google Scholar
Contact Name
Chrisanty V. Layman
Contact Email
chrisanty.layman@uph.edu
Phone
+62215460901
Journal Mail Official
milestone.journal@uph.edu
Editorial Address
Kampus Universitas Pelita Harapan Gedung F Lt 12 Jl. M.H. Thamrin Boulevard 1100, Tangerang, Banten 15811
Location
Kota tangerang,
Banten
INDONESIA
Milestone: Journal of Strategic Management
Published by Universitas Pelita Harapan
ISSN : -     EISSN : 27753565     DOI : -
Core Subject : Social,
Social Sciences
Milestone: Journal of Strategic Management aims to foster leading scientific research on international strategic business management. It provides a central and independent forum for the critical evaluation and dissemination of research and to publish the highest quality research with evaluation, evidence and conclusions that are relevant to strategic management while engaging strategic management scholars and practitioners. Milestone: Journal of Strategic Management places a strong emphasis on both knowledge and practice, facilitating the exchange of ideas and discoveries on research issues. The journal is intended to give both an academic and practical focus, reflecting the trends, interests in on going strategic initiatives, phenomenon related to business strategic management. This journal topic covers scientific publications related to business, strategic management, organizational behaviour, and international management.
Arjuna Subject : Bisnis, Menejemen, dan Akutansi (semua kategori) - Strategi dan Menejemen
Articles 80 Documents
 3   4   5   6   7 
PREDICTION OF HEALTH INSURANCE PRODUCT PURCHASE ALLOCATION IN VARIOUS INDUSTRIES IN INDONESIA USING THE RANDOM FOREST METHOD Achmadi, Hendra; Naibaho, Eduard Ary Binsar; Sembel, Sandra; Lusmeida, Herlina
Milestone: Journal of Strategic Management Vol. 4 No 2 September 2024
Publisher : Universitas Pelita Harapan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.19166/ms.v4i2.8752

Abstract

The objective of this research is identifying which industry can absorb the product of wealth management such as health insurance. Secondly is to identify what the most factors important to determine closing the health insurance premium. The life insurance penetration and density in Indonesia is the lowest level among the Asian country, so the data population in this research is from 38 different companies from different types of industries with 143 data sample, by using the purposive sampling. Most factors which influence the purchasing of health insurance are Listrik, Industry, domicile, age and position, whether the industry that the most contribution for the health insurance sales is banking and education industry. The methodology that is used in this research is called CRIPS-DM (Cross Industrial Standards Program Data Mining). The first steps what is the purpose of the organization, and the second is what data that needed, and continue to data preparation, after modeling, it will make an interpretation of the result, and the final steps is deployment, it will plan how it will be implemented in the real world, and the accuracy score from this model is 58%. From the result of the projection closing health insurance from each industry, it can be concluded that the most industry that closed the health insurance is Banking Industry, the second is from insurance and the third is education and the next is education, retail, health, manufacturing and finance, hospitality, legal, publishing, technology and government and service industries.
FACTORS AFFECTING FINANCIAL DISTRESS: EVIDENCE FROM INDONESIA Chrissentia, Tirza; Handoko, Liza
Milestone: Journal of Strategic Management Vol 5. No. 1 April 2025
Publisher : Universitas Pelita Harapan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.19166/ms.v5i1.8607

Abstract

This study analyzes the impact of various factors on financial distress in Indonesian companies, focusing on profitability, institutional ownership, firm size, firm age, interest expense, dividend payout, retained earnings, and the COVID-19 pandemic. The objective of the research was to understand the effects of those internal and external factors before crisis, during crisis and post crisis. Data from companies listed on the Indonesia Stock Exchange (excluding the financial sector) from 2013 to 2022. The numbers of the sample based on the criteria were 691 companies, which makes 6132 observation points in total as the sample for this research. The sample was analyzed using logistic regression to determine the relationship between these variables and financial distress. The study found that profitability significantly reduces the likelihood of financial distress, while firm size, firm age, high interest expenses, high retained earnings, and the COVID-19 pandemic significantly increase the likelihood of financial distress.  Based on the findings, this study analyzed the impact of a company's condition during a crisis and the effect of external factors on the probability of financial distress and its impact on the company. The study can be used as a basis for company planning under external pressure conditions, considering the possibility of future events like pandemics or other crises.
SECURITY CHALLENGES AND FOREIGN DIRECT INVESTMENT IN NIGERIA: IMPLICATIONS FOR ECONOMIC GROWTH (2010 – 2024) Mathias O. Ananti; Ndidiamaka, Okoye Joy; Ebele Victoria Ezeneme
Milestone: Journal of Strategic Management Vol 5. No. 1 April 2025
Publisher : Universitas Pelita Harapan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.19166/ms.v5i1.8985

Abstract

This paper examines the effects of security threats on Foreign Direct Investment (FDI) in Nigeria and their broader implications for economic growth. This study adopts a content analysis method to systematically review policy documents, academic papers, news reports, and reports from international organizations published between 2010 and 2024. The analysis focuses on the impact of insurgency, ethnic and religious strife, militancy, kidnapping, and herdsmen-farmer violence on foreign investment inflows and economic stability. Findings reveal that persistent security risks significantly deter foreign capital inflows and disrupt economic activities. Insurgent groups, such as Boko Haram in the North-East, have triggered humanitarian crises and economic stagnation, while ethnic and religious conflicts heighten insecurity. Niger Delta militancy disrupts oil production, and the rise in kidnappings and criminal violence increases business costs and investment risks. Additionally, herdsmen-farmer conflicts weaken agricultural productivity and discourage rural investment. The study highlights the necessity of comprehensive security sector reforms, targeted financial support, and infrastructure development programs to restore investor confidence and sustain economic growth. It recommends enhanced national security investments, financial incentives for security infrastructure, and strategic recovery plans for affected sectors. Addressing these security challenges is essential to creating an environment conducive to sustainable economic development and attracting foreign investment.
THE IMPACT OF WORKING CAPITAL MANAGEMENT AND COVID-19 ON THE PROFITABILITY OF COMPANIES IN INDONESIA Ayuningtias, Kartika Sekar; Liza Handoko
Milestone: Journal of Strategic Management Vol 5. No. 1 April 2025
Publisher : Universitas Pelita Harapan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.19166/ms.v5i1.9499

Abstract

This research examines the impact of working capital management and the COVID-19 pandemic on the profitability of Indonesian companies listed on the Indonesia Stock Exchange from 2013 to 2022, excluding financial firms. Using panel regression with a fixed effects model, the findings reveal that cash conversion cycle management and firm size significantly influence profitability, both in terms of ROA and ROE. Efficient cash conversion cycle management enhances profitability by reducing the time needed to convert inventory investments into cash, while larger firms benefit from economies of scale and greater market access. Additionally, accounts receivable management, current ratio, and leverage significantly affect ROA, whereas inventory management, current assets, and the COVID-19 pandemic show no significant impact. For ROE, only cash conversion cycle and firm size have a significant influence. These results highlight the importance of effective working capital management strategies to enhance corporate profitability.
ENTREPRENEURIAL MINDFULNESS AND AMBIDEXTROUS LEADERSHIP IN STRENGTHENING RESILIENCE: THE MEDIATING ROLE OF SCALING-UP PERFORMANCE CAPACITY IN INDONESIAN FAMILY BUSINESSES Patricia, Patricia; Alvaro Pratama
Milestone: Journal of Strategic Management Vol 5. No. 1 April 2025
Publisher : Universitas Pelita Harapan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.19166/ms.v5i1.9527

Abstract

Entrepreneurial resilience is crucial for the sustainability of family businesses, especially in dynamic and uncertain environments. Despite the growing interest in entrepreneurial resilience, existing research has yet to fully explore how both cognitive (entrepreneurial mindfulness) and strategic (ambidextrous leadership) leadership factors collectively shape resilience, particularly in the family business context. This study addresses this gap by investigating how scaling-up performance capacity mediates these relationships, providing a more integrative perspective on resilience-building mechanisms in family firms. Using a quantitative approach, data was collected through questionnaires from 265 family business owners in Indonesia. The data was analyzed utilizing Smart PLS (Partial Least Squares Structural Equation Modeling) to evaluate the proposed hypotheses. The results reveal that entrepreneurial mindfulness and ambidextrous leadership have a positive and significant impact on entrepreneurial resilience. Furthermore, the capacity for scaling-up performance functions as an important mediator, enhancing the connection between leadership behaviors and resilience. Theoretically, this study contributes to the expanding literature on family business sustainability by integrating resilience-building strategies with leadership and performance capacity constructs. These findings provide practical contributions for family businesses in adopting effective leadership strategies and increasing adaptive capacity to enhance resilience against market uncertainties and generational transitions.
TRANSFORMATIONAL LEADERSHIP DAN LITERASI AI SEBAGAI STRATEGI PENINGKATAN JOB PERFORMANCE KARYAWAN START-UP DI ERA DIGITAL [TRANSFORMATIONAL LEADERSHIP AND AI LITERACY AS STRATEGIES TO IMPROVE JOB PERFORMANCE OF START-UP EMPLOYEES IN THE DIGITAL ERA] Trifiana Tiodora; Bangun, Wilson; Hendra Achmadi; Meilani, Yohana Cahya Palupi
Milestone: Journal of Strategic Management Vol 5. No. 1 April 2025
Publisher : Universitas Pelita Harapan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.19166/ms.v5i1.9613

Abstract

This study aims to analyze the effect of transformational leadership and artificial intelligence (AI) literacy on job performance with AI anxiety and managing workplace FOMO as mediating variables in millennial generation employees in start-up companies. Millennial employees, who dominate the workforce in this sector, have unique characteristics such as flexible work preferences, dependence on technology, and the need for a collaborative work environment. However, they also face psychological challenges due to high work dynamics, such as anxiety about AI and the pressure to always be connected. This study uses a quantitative approach with a survey method involving millennial employees from various start-up companies in Indonesia. Data was collected through online questionnaires and analyzed using Structural Equation Modeling (SEM) to test the relationship between variables in the research model developed based on the Job Demands-Resources (JD-R) Model. The results showed that transformational leadership and AI literacy have a positive and significant effect on job performance. In addition, AI anxiety and managing workplace FOMO proved to be significant mediators, where transformational leadership and high levels of AI literacy were able to reduce anxiety about technology and stress due to digital pressure. Thus, this study provides theoretical and practical contributions in the development of leadership strategies and human resource policies, especially in improving the welfare and productivity of millennial employees in a digital technology-based work environment. Abstrak Bahasa Indonesia: Penelitian ini bertujuan untuk menganalisis pengaruh transformational leadership dan artificial intelligence (AI) literacy terhadap job performance dengan AI anxiety dan managing workplace FOMO sebagai variabel mediasi pada karyawan generasi milenial di perusahaan start-up. Karyawan milenial, yang mendominasi tenaga kerja di sektor ini, memiliki karakteristik unik seperti preferensi kerja fleksibel, ketergantungan pada teknologi, dan kebutuhan akan lingkungan kerja yang kolaboratif. Namun, mereka juga menghadapi tantangan psikologis akibat dinamika kerja yang tinggi, seperti kecemasan terhadap AI dan tekanan untuk selalu terhubung. Penelitian ini menggunakan pendekatan kuantitatif dengan metode survei yang melibatkan karyawan milenial dari berbagai perusahaan start-up di Indonesia. Data dikumpulkan melalui kuesioner online dan dianalisis menggunakan Structural Equation Modeling (SEM) untuk menguji hubungan antar variabel dalam model penelitian yang dikembangkan berdasarkan Job Demands-Resources (JD-R) Model. Hasil penelitian menunjukkan bahwa transformational leadership dan AI literacy memiliki pengaruh positif dan signifikan terhadap job performance. Selain itu, AI anxiety dan managing workplace FOMO terbukti sebagai mediator yang signifikan, di mana kepemimpinan transformatif dan tingkat literasi AI yang tinggi mampu mengurangi kecemasan terhadap teknologi serta stres akibat tekanan digital. Dengan demikian, penelitian ini memberikan kontribusi teoretis dan praktis dalam pengembangan strategi kepemimpinan dan kebijakan sumber daya manusia, khususnya dalam meningkatkan kesejahteraan dan produktivitas karyawan milenial di lingkungan kerja berbasis teknologi digital.
Social and Emotional Drivers of Engagement with AI Virtual Influencers: A Qualitative Study in Indonesia Kembau, Agung Stefanus; Bernanda, Devi Yurisca; Kumaat, Arief Perdana; Lendo, Fresi Breatrix; Doa, Fidelia Novena
Milestone: Journal of Strategic Management Vol 5. No. 2 September 2025
Publisher : Universitas Pelita Harapan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.19166/ms.v5i2.9852

Abstract

The growing presence of AI-powered virtual influencers (VIs) on social media has introduced new dynamics in digital marketing, yet little is known about how consumers in emerging markets perceive and respond to these synthetic personas. This study investigates the factors that shape consumer acceptance of virtual influencers in Indonesia, focusing on the interrelationship between social influence, performance expectancy, emotional resonance, and willingness to engage. Employing a qualitative research design, 25 in-depth semi-structured interviews with Indonesian consumers aged 18–35 were conducted, reaching thematic saturation. Thematic analysis was conducted using NVivo 14, integrating both deductive and inductive coding strategies. Findings reveal four major themes and twelve subthemes: (1) social influence functions as a cultural endorsement mechanism, shaping normative beliefs; (2) performance expectancy is driven by informational credibility, entertainment value, and behavioral consistency; (3) emotional resonance—expressed through perceived authenticity and psychological comfort—is central to consumer attachment; and (4) willingness to use VIs is closely linked to digital identity projection and contextual social legitimacy. A clear majority of participants (around four out of five) described positive evaluations of VIs, while a minority expressed skepticism and emotional discomfort, highlighting ethical and psychological boundaries in AI–human interaction. The study contributes to a deeper understanding of how social and emotional mechanisms converge in shaping digital consumer behavior, offering practical insights for marketers and advancing theory on technology acceptance in culturally nuanced settings.
The Impact of Inflation and Interest Rates on Economic Growth in Southeast Asia: A Panel Data Analysis Samuel Eka Nathaniel; Bella Christine Princess Wantah; Zefanya Maureen Nathania; Michelle Angelique Nataputra; Ferdinand, Ferry Vincenttius
Milestone: Journal of Strategic Management Vol 5. No. 2 September 2025
Publisher : Universitas Pelita Harapan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.19166/ms.v5i2.9857

Abstract

Economic growth in Southeast Asia is influenced by a variety of macroeconomic variables, with inflation and interest rates being two of the most crucial. This study aims to examine the impact of inflation and interest rates on the economic growth (measured by GDP) of ten Southeast Asian countries from 2007 to 2023. Using a panel data regression approach, the analysis applies several econometric models including Pooled OLS, Fixed Effects Model, Random Effects Model, and spatial econometric models (Spatial Autoregressive Model/SAR and Spatial Error Model/SEM) to determine the most suitable model for the data. The results show that interest rates have a significant negative effect on GDP growth, suggesting that higher interest rates tend to reduce economic activity in the region. Inflation, while showing a weaker relationship, also negatively affects GDP in most models. Spatial analysis further reveals the presence of spatial dependence among Southeast Asia countries, indicating that the economic performance of one country is not isolated but affected by its neighbors. Among the models tested, the Spatial Error Model (SEM) is found to be the best fit based on statistical criteria, highlighting the importance of unobserved regional factors and spatial spillover effects. Policy implications include the need for coordinated regional monetary policies, maintaining inflation within manageable limits, and enhancing economic cooperation among Southeast Asia nations. While the R-squared values are relatively low, the statistical significance of the core variables underscores their relevance. This study contributes to the broader understanding of macroeconomic management and regional economic integration in Southeast Asia.
The Competitive Advantage of CCC in Integrated Services of Construction in Indonesia Li Wenjiang; Jacob Tan
Milestone: Journal of Strategic Management Vol 5. No. 2 September 2025
Publisher : Universitas Pelita Harapan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.19166/ms.v5i2.10025

Abstract

In the background of global infrastructure construction and the transformation of the construction industry to an integrated service model, this study draws on strategic management theory, especially Porter's theory of competitive advantage and the resource-based view (RBV), to explore the research questions: 1. What are the strategic factors that contribute to the competitive advantage of CCC? 2. How are the strategic factors applied/implemented to contribute to the competitive advantage of CCC. And draw the competitive advantages of CCC to maintain its leading position in the highly competitive integrated building services field. This study is mainly based on interviews, through qualitative research and literature analysis, to explore the factors that CCC uses to build differentiated competitive advantages. The development of CCC in Indonesia shows that Chinese enterprises should pay attention to the comprehensive balance of technical capabilities, quality control, social responsibility and employee development in the process of "going out" to achieve a high-quality and responsible international development path. The researchers hope that this study can provide some reference for peer companies to enhance their competitive advantages, and at the same time provide strategic inspiration for international customers and other researchers to understand how Chinese integrated building service providers can gain competitive advantages in the evolving global infrastructure ecosystem.
The Effect of Information Sharing and Trust on Supply Chain Management Performance with Long-Term Relationship as A Mediator: Evidence from SMEs in Yogyakarta Puspitasari, Saniyah
Milestone: Journal of Strategic Management Vol 5. No. 2 September 2025
Publisher : Universitas Pelita Harapan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.19166/ms.v5i2.10217

Abstract

This study investigates the effect of information sharing and trust on supply chain management (SCM) performance, with long-term relationship as a mediating variable. A census sampling technique was applied to 45 Small and Medium Enterprises (SMEs) in Yogyakarta’s Bakpia industry. Data was analyzed using Partial Least Squares Structural Equation Modeling (PLS-SEM). The results indicate that information sharing (β = 0.405) and trust (β = 0.410) significantly influence long-term relationships. Long-term relationships, in turn, have a strong positive effect on SCM performance (β = 0.378). Information sharing also directly affects SCM performance (β = 0.367), while trust shows a weaker direct effect (β = 0.212). Indirectly, both information sharing (β = 0.149) and trust (β = 0.151) contribute to SCM performance through long-term relationships as a mediator. The total effect analysis further highlights that information sharing (β = 0.578) and trust (β = 0.499) enhance SCM performance, with long-term relationship showing the highest total effect (β = 1.149). These findings emphasize the critical mediating role of long-term relationships in strengthening supply chain collaboration, particularly where trust alone may not directly drive performance. The study contributes to SCM literature by providing empirical evidence from SMEs in the traditional food sector and offers practical implications for managers to prioritize both transparent information exchange and sustainable partnerships to improve supply chain outcomes.

Page 5 of 8 | Total Record : 80

 3   4   5   6   7 

Filter by Year

2021 2025


Reset
Filter By Issues
All Issue Vol 5. No. 2 September 2025 Vol 5. No. 1 April 2025 Vol. 4 No 2 September 2024 Vol. 4 No. 1 April 2024 Vol. 3 No. 2 September 2023 Vol. 3 No. 1 April 2023 Vol. 2 No. 2 September 2022 Vol. 2 No. 1 April 2022 Vol. 1 No. 2 September 2021 Vol. 1 No. 1 April 2021