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Journal Integration of Management Studies
Published by Integrasi Sains Media
ISSN : 2988389X     EISSN : 2988389X     DOI : 10.58229/jims
Core Subject : Science,
Decision Sciences, Operations Research & Management
Journal Integration of Management Studies (JIMS) is an academic journal in the field of business published by Integrasi Sains Media, Indonesia. This journal intends to foster and stimulate the exchange of scholarly thought on applied business research issues among professionals and academics worldwide. JIMS welcomes articles in all areas of science management, both applied and theoretical. Theoretical articles must link theory and essential and exciting management applications. This journal is an open-access journal that can be of essential reading for academic researchers and business professionals. Articles may include but are not limited to: 1. marketing management 2. finance management 3. human resources management 4. strategic management 5. tourism management 6. entrepreneurship 7. operational management.
Arjuna Subject : Bisnis, Menejemen, dan Akutansi (semua kategori) - Strategi dan Menejemen
Articles 103 Documents
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Influencing Factors of EV Ride-Hailing Adoption in Jakarta: A Case Study of GoRide Electric A Audli Natakusuma; Putro, Utomo Sarjono
Journal Integration of Management Studies Vol. 3 No. 2 (2025): (Special Issue)
Publisher : Integrasi Sains Media

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58229/jims.v3i2.332

Abstract

The electrification of urban transport is critical to achieving global emissions reduction targets, particularly in emerging economies where motorcycle-dominated traffic significantly contributes to air pollution. Road transport accounts for nearly 46% of the city’s total emissions in Jakarta, with motorcycles representing over 80% of private vehicles. As Indonesia’s leading ride-hailing platform, Gojek launched GoRide Electric as part of its GoTo Net Zero Emission 2030 commitment. However, consumer adoption of this electric alternative remains limited, underscoring a gap between supply-side readiness and demand-side behavior. This study aims to identify and evaluate key consumer-level factors that influence the adoption of GoRide Electric in Jakarta. Using a mixed-method design, a literature synthesis of five peer-reviewed EV ride-hailing adoption studies was conducted to extract 15 sub-variables, which were consolidated into four theoretical constructs: Affordability, Reliability, Environmental Benefit, and Social Influence. These constructs were operationalized into a 15-item questionnaire and validated through a 4-point Likert-scale survey of 141 active Gojek users. The data underwent descriptive quantitative analysis using SPSS to rank variable importance. Results indicate that Environmental Benefit is the most influential factor (M = 3.39), followed by  Reliability as the second most influential factor (M = 3.35). Affordability ranked third (M = 3.15), while Social Influence scored the lowest (M = 2.78), indicating weak peer-driven motivation. This study contributes to the literature on sustainable mobility by contextualizing EV adoption behavior in a Southeast Asian megacity and provides actionable insights for policymakers and platform operators to design consumer-centric interventions for EV ride-hailing uptake.
Navigating The Circular Economy in Sustainable Ecotourism: A Case of Margo Utomo Eco Resort Wibisono, Akbar; Novani, Santi
Journal Integration of Management Studies Vol. 3 No. 3 (2025)
Publisher : Integrasi Sains Media

Show Abstract | Download Original | Original Source | Check in Google Scholar

Abstract

As environmental pressures intensify, the tourism industry faces increasing demand to transition from linear, waste-intensive practices to sustainable models. This case study investigates how Margo Utomo Eco Resort, an established agro-tourism site in East Java, Indonesia, can operationalize circular economy (CE) principles. Although the resort currently employs eco-conscious practices such as composting, local sourcing, and biogas generation, these efforts remain fragmented and informal. A qualitative approach was adopted, including internal document review, staff interviews, site observations, and a focus group. Strategic analysis was conducted using SWOT and PESTLE frameworks to identify key barriers and opportunities. Circular business model archetypes were applied to develop intervention options, which were then prioritized through Multi-Criteria Decision Analysis (MCDA). The SMARTER method (Simple Multi-Attribute Rating Technique Exploiting Ranks) was used to rank strategies based on environmental impact, cost, feasibility, and guest alignment. The top-ranked strategies were: (1) upgrading the composting system, (2) adopting refillable and biodegradable toiletries, and (3) implementing a preventive maintenance plan using in-house resources. These were selected for their high impact and feasibility within existing operational constraints. The findings demonstrate that sustainability transitions in small-scale tourism enterprises need not rely on advanced technologies. Incremental improvements, grounded in local capacity and structured prioritization, can yield significant progress. This study offers a replicable roadmap for integrating circularity in similar hospitality contexts.
Aligning Corporate Strategy with Environmental, Social, and Governance (ESG): A Case Study of InfraTrans Secioputri, Grace Lucy; Putro, Utomo Sarjono
Journal Integration of Management Studies Vol. 3 No. 1 (2025)
Publisher : Integrasi Sains Media

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58229/jims.v3i1.334

Abstract

As Environmental, Social, and Governance (ESG) principles become central to corporate strategy, transportation infrastructure firms face mounting pressure to integrate sustainability into their operations. This study investigates how InfraTrans—a pseudonym for one of the toll road operators in Indonesia—can align its corporate strategy with global ESG frameworks to enhance transparency, regulatory compliance, investor confidence, and long-term resilience. Employing a qualitative case study design, the research draws on semi-structured interviews with key internal and external stakeholders, document analysis, and ESG benchmarking against the GRI and SASB standards. The findings reveal critical gaps in InfraTrans’s ESG practices, notably in emissions tracking, supplier assessments, infrastructure lifecycle management, and digital reporting. To address these, the study proposes seventeen ESG-oriented strategies derived through SWOT and TOWS matrix analyses. These are organized into two categories: ESG Foundations, focusing on governance, disclosure, audit systems, and employee capacity-building; and ESG Pillars, which emphasize digital integration, sustainable infrastructure development, and stakeholder engagement. Each strategy is explicitly linked to identified ESG disclosure gaps and has been validated by industry experts to ensure relevance, feasibility, and alignment with Indonesian regulatory frameworks and investor expectations. The study concludes with a phased implementation roadmap, offering actionable insights for transportation infrastructure companies—particularly in emerging markets—seeking to elevate their ESG performance and strategic positioning.
Unveiling the Relationship Between Sustainability Certification and Zero Deforestation on Financial Performance in Crude Palm Oil Plantation Sinaga, Ruth Tesalonika; Nainggolan, Yunieta
Journal Integration of Management Studies Vol. 3 No. 2 (2025): (Special Issue)
Publisher : Integrasi Sains Media

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58229/jims.v3i2.342

Abstract

The purpose of this research study is to investigate the relationship between key financial performance indicators and financial leverage in decision-making for achieving sustainable performance, as measured by sustainability certification and zero deforestation, in the palm oil industries of Indonesia and Malaysia from 2021 to 2023. This study employs panel data regression and logistic regression, using data from 25 palm oil plantations in Indonesia and Malaysia from 2021 to 2023. The data analysis was conducted using STATA software to process and interpret the multiple regression models. This research employs a dual-lens empirical framework, focusing on sustainable certification and zero deforestation. The results reveal that financial performance has a negative, yet insignificant, relationship with sustainable certification and zero deforestation. Confirming that sustainable practices do not heavily rely on financial structure. Nonetheless, financial leverage has a negative insignificant relationship with sustainable certification or zero deforestation. This suggests that a higher debt ratio is associated with a lower likelihood of adopting sustainable practices. Otherwise, other independent variables, such as liquidity, firm size, and ESG score in zero deforestation, have a positive and significant association, suggesting that larger firms with capital flexibility and a high ESG score are more likely to comply with the zero deforestation policy. For sustainable certification, only the ESG score shows a positive and significant association with sustainable certification. This suggests that palm oil plantations with consistently high ESG scores are more likely to obtain sustainable certification. This research provides broad insight for organizations related to sustainability and managerial insights to support the transparency and credibility of reporting sustainable performance of palm oil plantations in Indonesia and Malaysia.
Scenario Planning Approach to Enhance Business Competitiveness and Sustainable Growth in the Indonesian Midstream Gas Sector: A Case Study of PT Perta Daya Gas Adikharisma, Revi; Putro, Utomo Sarjono
Journal Integration of Management Studies Vol. 3 No. 2 (2025): (Special Issue)
Publisher : Integrasi Sains Media

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58229/jims.v3i2.343

Abstract

PT Perta Daya Gas (PDG), a joint venture between PT Pertamina Gas and PLN Energi Primer Indonesia, is facing strategic stagnation due to its high dependency on a single asset, CNG Plant Tambak Lorok, which contributes over 93% of total revenue and also faces contract uncertainty in 2029. This study applies a scenario planning approach to formulate forward-looking strategies that enhance PDG’s competitiveness and ensure sustainable growth amid institutional limitations and an evolving energy landscape. Using a qualitative case study method, data were collected through six semi-structured interviews with key stakeholders and triangulated with policy and corporate documents. Strategic analyses using PESTEL, Porter’s Five Forces, and VRIO frameworks identified eight key driving forces. Two critical uncertainties, strategic autonomy and PLN’s gas demand were selected to construct a 2x2 scenario matrix, resulting in four plausible futures: Championship Mode, Pivot Game, Playbook Locked, and Stuck on the Bench. From the strategic implications of each scenario, twelve strategic options were formulated and subsequently evaluated using Multi-Criteria Decision Analysis (MCDA) based on five weighted criteria: revenue potential, strategic fit, shareholder alignment, operational Feasibility, and time to implement. The evaluation revealed that three strategies, enhancing O&M efficiency, implementing lean operations, and optimizing existing contracts, demonstrated high robustness and Feasibility across all scenarios. In this context, robustness refers to a strategy’s consistent performance across multiple future scenarios, while Feasibility reflects the practicality of implementing the strategy within PDG’s current organizational and governance constraints. This research highlights how integrating scenario planning and MCDA can enhance strategic foresight, organizational resilience, and decision-making quality in navigating policy-driven energy transitions, particularly within Indonesia’s midstream gas infrastructure sector.
Proposed Marketing Strategy To Increase Brand Recognition In B2B Business (Case Study At PT Prima Sambara Persada) Fahlevi, Arif; Toha, Mohammad
Journal Integration of Management Studies Vol. 3 No. 2 (2025): (Special Issue)
Publisher : Integrasi Sains Media

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58229/jims.v3i2.344

Abstract

The fast growth of the FMCG industry in Indonesia has opened up new markets for B2B raw material suppliers like PT Prima Sambara Persada (PT PSP), a spice supplier in Jakarta. Despite operating well and having important certifications, PT PSP faces problems with being well-known in the B2B food manufacturing industry. This paper suggests a marketing approach to raise the company’s brand awareness by studying internal and external conditions. A qualitative research method combines Segmenting, Targeting, and Positioning (STP), the expanded marketing mix (7Ps), and PESTEL analysis. The fuzzy analytical hierarchy process (FAHP) ranks customer demands based on interview information from relevant B2B clients. The purpose of performing a SWOT analysis is to review the strategy to check its alignment with goals. Research shows that PT PSP’s main strengths are making custom spice blends, ensuring food is safe and certified as halal, and adapting logistics. The heavy use of direct marketing and word-of-mouth referrals does not allow it to reach new audiences. According to the FAHP analysis, customers pay the most attention to product specifications, certification, and the location of the supplier. From the segmentation findings, the company chose a customer group that values supplier location over cost, which lets them steer clear of price competition. As part of the strategy, we propose reaching more people by entering digital B2B markets, boosting our website, and engaging directly with attendees at trade events. It helps apply integrated marketing approaches in the B2B spice distribution industry.
Indonesia’s Low-Cost Carrier Competitive Landscape: An Analysis of 7 P’s Abdurrahman, Vidi; Aprianingsih, Atik
Journal Integration of Management Studies Vol. 3 No. 2 (2025): (Special Issue)
Publisher : Integrasi Sains Media

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58229/jims.v3i2.345

Abstract

This study examines the competitive strategies of four leading low-cost carriers (LCCs) operating in Indonesia—Lion Air, Citilink Indonesia, Indonesia AirAsia, and Super Air Jet—through the lens of the 7Ps marketing mix framework. Amidst intensifying competition and evolving passenger expectations, Indonesian LCCs must now differentiate beyond price. Using a qualitative-comparative approach, the research analyzes how each airline performs across seven dimensions: Product, Price, Place, Promotion, People, Process, and Physical Evidence. Data were collected from secondary sources, including official airline websites, mobile application ratings, national transportation statistics, and the Top Brand Index 2024. Findings reveal distinct strategic postures among the carriers. Citilink and Indonesia AirAsia lead in balancing affordability with service quality and digital integration, while Super Air Jet positions itself as a youthful, brand-driven entrant. Lion Air, though dominant in market share, continues to face challenges in service consistency and customer experience. The study highlights that operational maturity, service delivery, and human capital are critical for sustained competitiveness. The analysis also demonstrates the increasing importance of customer-facing digital systems and physical branding as sources of perceived value in a low-cost context. This research contributes to the growing body of literature on service marketing in aviation and provides strategic insights for airline managers seeking differentiation in price-sensitive markets. Future studies are encouraged to integrate passenger perspectives and explore the role of sustainability in LCC strategies.
A Proposed Implementation of Integrated Good Corporate Governance Assessment in Sub Holding Commercial & Trading Pertamina Tabri, Muhamad Alis; Putro, Utomo Sarjono
Journal Integration of Management Studies Vol. 3 No. 2 (2025): (Special Issue)
Publisher : Integrasi Sains Media

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58229/jims.v3i2.346

Abstract

Good Corporate Governance (GCG) is an essential foundation for companies, particularly State-Owned Enterprises (SOEs), to ensure transparency, accountability, and sustainable business growth. Within Pertamina’s Sub-Holding Commercial & Trading, the current GCG assessment practices are conducted independently by each subsidiary, using varying methods, parameters, and assessors. This fragmented approach results in non-comparable outcomes and undermines the effectiveness of governance evaluation at the group level. To address this issue, this study proposes an integrated GCG assessment model that can be implemented uniformly across all entities within the Sub-Holding. The model is designed to support the Integrated Governance Committee (IGC), which functions as a risk management body under the Board of Commissioners, enabling it to evaluate governance implementation more effectively. Using a qualitative research methodology, data were collected through in-depth interviews with key internal stakeholders and complemented by secondary data from internal documents and relevant literature. The study applies theories of Business Process Reengineering (BPR) and Business Process Integration to develop a standardized assessment model. Key findings include the identification of inefficiencies in the current assessment system and the development of a centralized mechanism for determining assessment methods, selecting assessors, and executing evaluations. The study also outlines the necessary enablers, including policy development, resource allocation, and unified assessment parameters. The proposed integrated model enhances data comparability, improves coordination, and ensures consistency in evaluating GCG implementation across the group. This approach contributes to strengthening governance practices within SOEs and serves as a reference for similar organizational structures.
Study on The Financial Health of State-Owned Construction Companies Based on The Decree of The Minister of State-Owned Enterprises Kep-100/MBU/2002 for The Period 2014-2024 Allenby, Risyad; Raden Aswin Rahadi
Journal Integration of Management Studies Vol. 3 No. 2 (2025): (Special Issue)
Publisher : Integrasi Sains Media

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58229/jims.v3i2.347

Abstract

This study assesses the financial stability of four Indonesian state-owned construction firms—PT Adhi Karya (ADHI), PT Pembangunan Perumahan (PTPP), PT Wijaya Karya (WIKA), and PT Waskita Karya (WSKT)—during President Joko Widodo's tenure from 2014 to 2024. The analysis utilizes a dual-method approach by combining the Ministry of State-Owned Enterprises Decree No. KEP-100/MBU/2002 with the Altman Z-Score (2006) model.  This combination provides an evaluation based on regulatory compliance and a predictive analysis of future financial difficulties. This study examines solvency, liquidity, profitability, and activity ratios utilizing longitudinal financial data from audited corporate reports. The results indicate that all four organizations underwent a substantial deterioration in financial stability, especially during the 2020–2024 timeframe, attributed to heightened project demands, inadequate asset use, and the economic repercussions of the COVID-19 pandemic. WSKT exhibited the most pronounced drop, characterized by ongoing financial distress indicators as evidenced by Z-Score data. Conversely, ADHI, PTPP, and WIKA exhibited comparatively superior albeit volatile performance. This study emphasizes the significant financial obstacles encountered by state-owned construction businesses in reconciling development objectives with fiscal sustainability. The findings highlight the necessity for enhanced receivables management, debt reorganization, and strategic supervision to prevent enduring financial instability. The results will assist policymakers, regulators, and investors in evaluating the profitability of state-owned enterprises and formulating future infrastructure financing strategies in Indonesia.
Navigating Investors Activism: The Impact of Boycotts on Indonesian Top FMCG Companies’ Financial Performance Saleh, Mivaldo Razaq Wardana; Rahadi, Raden Aswin
Journal Integration of Management Studies Vol. 3 No. 2 (2025): (Special Issue)
Publisher : Integrasi Sains Media

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58229/jims.v3i2.350

Abstract

This research analyzes the financial and market performance of Top-tier Indonesian Fast-Moving Consumer Goods (FMCG) companies, such as PT Unilever Indonesia Tbk. (UNVR), PT Indofood CBP Sukses Makmur Tbk. (ICBP), and PT Mayora Indah Tbk. (MYOR), over the financial years 2022 to 2024, particularly concerning a consumer boycott movement in response to the Israel- Palestine conflict. The research utilizes a quantitative-comparative methodology, incorporating financial ratio analysis, ESG risk scoring, and sentiment assessment to assess the influence of activist-driven market dynamics on corporate valuation and investor perception. The findings indicate a significant deterioration in UNVR's financial condition, marked by decreased earnings, weakened liquidity, and increased leverage, attributed to reputational harm and adverse consumer sentiment. In contrast, ICBP and MYOR remained financially resilient and grew, driven by ethical consumerism, a localized brand identity, and operational efficiency. The study highlights the inadequacies of traditional financial metrics in identifying risks associated with activism and stresses the importance of adopting a more comprehensive framework that incorporates sociopolitical factors, digital mobilization, and sensitivity to environmental, social, and governance (ESG) issues. The insights presented enhance the comprehension of investor activism and reputational risk within emerging markets while also providing strategic implications for corporate crisis management, investor evaluation frameworks, and regulatory considerations. These findings offer valuable insights into corporate governance practices and investor strategies, especially in politically sensitive markets.

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