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INDONESIA
Indonesian Journal of Business and Entrepreneurship (IJBE)
Published by Institut Pertanian Bogor
ISSN : 24075434     EISSN : 24077321     DOI : -
Core Subject : Economy, Science,
Decision Sciences, Operations Research & Management Economics, Econometrics & Finance
Indonesian Journal of Business and Entrepreneurship (IJBE) publishes information of empirical research and reviews in business and entrepreneurship. IJBE is published by School of Business, Bogor Agricultural University (SB-IPB) associated with Indonesian Alliance of Magister Management Program (APMMI). IJBE was first published at the beginning of 2015 with three issue per year in January, May, and September. Editor receives articles of empirical research and reviews in business and entrepreneurship.
Arjuna Subject : -
Articles 393 Documents
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Strategy to Develop Rice Farm Business Insurance in PT Asuransi Jasa Indonesia Graita Gaiety Jatmiko; Arief Daryanto; Rokhani Hasbullah
Indonesian Journal of Business and Entrepreneurship (IJBE) Vol. 3 No. 3 (2017): IJBE, Vol. 3 No. 3, September 2017
Publisher : School of Business, IPB University (SB-IPB)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.17358/ijbe.3.3.196

Abstract

Agricultural sector has very significant roles in Indonesian economy, some of which are as the contributor of the second highest PDB and the biggest labor absorber with the contribution of 13.6% and 32% respectively. Even though, it is the biggest labor absorber,agricultural business is not interesting to the community nowadays. This is because this business has a quite high risk to fail to harvest. This research aimed to analyze the external and internal factors affecting the development of Rice Farm Business Insurance (AUTP), to know the position of the company in carrying out the AUTP, and to formulate the strategy to develop AUTP in PT Asuransi Jasa Indonesia (Jasindo). This research used descriptive method through case study with the analysis equipment, like Five Forces Porter, IFE/EFE Matrix, IE Matrix, SWOT, and QSPM. The results showed that there were several strategic factors influencing the implementation of AUTP, i.e. a wide market opportunity. The position of the company in the implementation of AUTP was in the position of hold and maintain with the recommended strategy, of market penetration and product development. In this research, eight alternative strategies were obtained with the with the highest priority was to expand the distribution channel network.Keywords: development stragety, rice farm business insurance,agricultural risk, Jasindo, QSPM
Performance and Strategies to Develop Waste Business Dika Anggari; Ujang Sumarwan; Lilik Noor Yuliati
Indonesian Journal of Business and Entrepreneurship (IJBE) Vol. 3 No. 3 (2017): IJBE, Vol. 3 No. 3, September 2017
Publisher : School of Business, IPB University (SB-IPB)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.17358/ijbe.3.3.207

Abstract

The objectives of this study are to measure the performance conducted based on the generating of turnover and magnitude of volume of wastes deposited by the waste sellers to CV. MBG and to analyze alternative strategies on waste business, especially for CV. MBG, through four perspectives on the Balanced Scorecard method. In addition, this study also analyzed the priorities of the four perspectives using ANP. The results show that the turnover per day can reach 94 million rupiah, and the volume generated per day can reach 12 tons. Furthermore, there are four perspectives that can measure the performance and internal process perspective as a priority to be more noticed. The conclusion of the research result shows that waste business becomes one of the most promising businesses. The managerial implication of this study is that the four BSD perspectives sorted according to their priorities from the ANP can be applied to support the company performance.Keywords: performance measurement, waste processing, analytical network process, Balanced Scorecard, CV MBG
Cost and Benefit Analysis of RSPO Certification (Case Study in PT BCA Oil Palm Plantation in Papua) Faris Salman; Mukhamad Najib; Setiadi Djohar
Indonesian Journal of Business and Entrepreneurship (IJBE) Vol. 3 No. 3 (2017): IJBE, Vol. 3 No. 3, September 2017
Publisher : School of Business, IPB University (SB-IPB)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.17358/ijbe.3.3.219

Abstract

RSPO is sustainable. It is one of many certification labels to justify a sustainable palm oil practice. The objective of this study is to identify monetary benefit and cost with the existing operating scenario of the company, or if the company is registered as the RSPO member. To identify the benefit or cost that might occur, this research compared the NPV, IRR, and benefit-cost ratio among the alternative scenarios. An ex-ante projective cash flow is simulated using the company’s historical financial report from year 2012-2016 to obtain monetary perspective of the amount of money required by the plantation to proceed with certification. Certification should cost the plantation around 466 billion rupiahs with only 66 billion rupiahs of additional income from CPO premium if the company is able to complete its certification by 2019. Total benefit of income obtained from selling the certified products of CPO and PKO may cover the certification expense which does not exceed the cost paid with the discrepancy of 331 billion rupiahs. This amount can be used to establish another palm oil plantation, create jobs and contribute to domestic products. However, the net monetary loss is close to the value obtained from timber upon land clearing, which was at 286 billion rupiahs. Being sustainable is probably never about monetary value but more about the responsibility of managing the sustainable oil palm plantation and the environment that must be taken care of.Keywords: RSPO, oil palm plantation, cost and benefit analysis, oil palm in Papua, RSPO finansial benefit
The Effect of Individual, Environmental and Entrepreneurial Behavior Factors on Business Performance of Cassava SMEs Agroindustry in Padang City Reza Mardhiyah Amir; Burhanuddin Burhanuddin; Wahyu Budi Priatna
Indonesian Journal of Business and Entrepreneurship (IJBE) Vol. 4 No. 1 (2018): IJBE, Vol. 4 No. 1, January 2018
Publisher : School of Business, IPB University (SB-IPB)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.17358/ijbe.4.1.1

Abstract

The purpose of this research was to analyze the effect of individual factors, enviromental factors, entrepreneurial behavior on business performance of cassava SMEs agroindustry in Padang. This research was conducted in January-March 2017, and the number of respondents was 53 entrepreneurs. The analysis method used was quantitative analysis using Partial Least Square (PLS) version 2.0. The results showed individual factors have positive and significant effect on entrepreneurial behavior with the influence coefficient 0.430. The most dominant individual factor that reflected entrepreneurial behavior was the experience with the load factor (λ) 0.877. Environmental factors have a positive and significant effect on individual factors with the influence coefficient 0.478. Environmental factors have a positive and significant effect on entrepreneurial behavior with the influence coefficient 0.405. The most dominant environmental factor that affected entrepreneurial behavior was training with the load factor (λ) 0.840. The entrepreneurial behavior factor has a positive and significant effect on business performance with influence coefficient 0.575. The most dominant entrepreneurial behavior that influenced the business performance was the innovativeness with the load factor (λ) 0.774.Keywords: individual factor, environmental factor, entrepreneurial behavior, business performance, partial least square (PLS)
Consumer’s Attitude and Willingness to Pay for Organic Rice Qisthy Nur Fathia; Rita Nurmalina; Megawati Simanjuntak
Indonesian Journal of Business and Entrepreneurship (IJBE) Vol. 4 No. 1 (2018): IJBE, Vol. 4 No. 1, January 2018
Publisher : School of Business, IPB University (SB-IPB)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.17358/ijbe.4.1.11

Abstract

Government’s support for Go Organic program provides a significant effect on the increasing organic land from only 71 thousand hectares in 2010 to 113 thousand hectares in 2014. This is caused by the shifting lifestyle of consumers who are more concerned about health. Rice as one of carbohydrate sources consumed by Indonesian people has an organic variant which is favored by many consumers. This study involved 100 households which were intentionally selected based on their convenience and readiness to be interviewed. This research was also conducted to analyze the comparison of consumer’s attitudes on organic and non-organic rice and to analyze consumer’s willingness to pay (WTP) for organic rice. Fishbein and Contingent Valuation Method were used as an analytical tool to find out the consumers’ attitudes and the maximum values that they are willing to pay. Consumers of non-organic rice had a more positive attitude on non-organic rice compared to organic rice with a WTP value of Rp 20,000 and the potential opportunity value that can be projected for organic rice in Bogor City is IDR291,788,621,400 per month.Keywords: consumer’s attitude, contingent valuation method, fishbein, organic rice, willingness to pay
The Effect of Social Capital on the Innovation Performance of the Small-Middle Scaled Enterprises of Agribusiness in Bogor Regency Sugara Mursid; Suharno Suharno; Wahyu Budi Priatna
Indonesian Journal of Business and Entrepreneurship (IJBE) Vol. 4 No. 1 (2018): IJBE, Vol. 4 No. 1, January 2018
Publisher : School of Business, IPB University (SB-IPB)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.17358/ijbe.4.1.22

Abstract

The aim of the research was to analyze the relationship between the social capital and innovation performance of agribusiness in Regency Bogor. The sample of the research was set as purposive sampling. There were 38 respondents involved from the nine districts. By the criteria, the entrepreneurs are also the owners of the agribusiness MSMEs and have been running their company for two years minimally. The data were analyzed by Sequal Equation Modeling Partial Least Square (SEM-PLS) method with SMART PLS 3.2.4. Based on the results, the majority of agribusiness MSMEs in Bogor Regency produce local and traditional products and have 1 to 5 employees. They earn money less than 100 million rupiahs annually, and most of them are categorized as the entrepreneurs of the micro and small enterprises. Social norm gives influence on innovation performance significantly, and it is reflected by providing aid to each other, having access to aids and willingness to share any information. The entrepreneurs of the agribusiness MSMEs possessing social norm will increase their innovation performance. Willingness to provide aid is the indicator to contribute significantly to social norm. Social network also gives effects significantly on innovation performance. Social network is reflected by network size, multiplexity and network constraints. The larger the network size, the wider important information related to the enterprises; therefore, it will increase opportunity to innovate. The height of multiplexity and network constraints will reduce the chance to innovate. Multiplexity is the highest indicator contributing to social network whereas trust variable does not give contribution significantly to innovation performance of the agribusiness MSMEs.Keywords: MSMEs, social capital, agribusiness, innovation performance
Correspondence Analysis of Indonesian Retail Banking Personal Loans Top Up Andrie Agustino; Ujang Sumarwan; Bagus Sartono
Indonesian Journal of Business and Entrepreneurship (IJBE) Vol. 4 No. 1 (2018): IJBE, Vol. 4 No. 1, January 2018
Publisher : School of Business, IPB University (SB-IPB)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.17358/ijbe.4.1.37

Abstract

Customer experience can be developed through good database management, and this is an important thing to do in the era of tough retail banking competition especially in the personal loan market competition. Through good database management, banks can understand the transaction pattern and customer behavior in each bank service’s contact point. This research aimed at identifying the personal loans correspondence between socioeconomic variables and top up transaction by using the secondary data from one of Indonesian retail banking. The research method used the correspondence analysis and regression. The result of the research showed that the socioeconomic factors that influenced the debtors to top up personal loans at the confidence level of 5% (0.05) included Age, Marital Status, Dependent Number, Living Status, Education, Region, Job Type, Work Length, Salary, Debt Burdened Ratio (DBR), Credit Tenure, and Credit Limit, and only Gender had no effect on personal loan top up. The socioeconomic factors that were close correspondence with the personal loan top up transactions included bachelor degree, State-Owned Enterprises and goverment civil servant employee, income starting from Rp 5 million, credit period starting from 4 years, dan credit limit starting from Rp 50 million. The findings in this study are expected to be useful for marketers of the banks in developing personal loan products and also in preparing a more targeted marketing strategy so that it becomes more effective and efficient for the banks. In addition, the expected implication is that the customer experience will be better because the product developed will be more customer centric.Keywords: bank, correspondence analysis, personal loans, regression, top up
Analyzing the Efficient Allocation of Sago Processing Business Production Factors in East Kolaka District Nursalam Nursalam
Indonesian Journal of Business and Entrepreneurship (IJBE) Vol. 4 No. 1 (2018): IJBE, Vol. 4 No. 1, January 2018
Publisher : School of Business, IPB University (SB-IPB)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.17358/ijbe.4.1.45

Abstract

Sago has been widely cultivated or nourished for a long time by farmers and traditional communities in some areas such as East Kolaka District of Southeast Sulawesi Province. The purpose of this research was to know the allocation of production factors in producing sago flour and to analyze the efficiency and condition of Return to Scale of sago processing business in East Kolaka District. This research used a descriptive analysis method. The data used were primary data and secondary data. The data obtained were tested by multiple linear regression and RTS test. Based on the results of the research, it was concluded that the average revenue of semi-mechanical sago processing business per month was Rp 6,881,524. Based on the analysis result, it was known that NPMx/Px of the number of sago stem was 8.78; the number of labour was 1.93, and fuel usage was 3.07 where the numbers were greater than 1. It means that the number of processed sago stems had not been economically efficient. From the efficiency of production factor, it can be concluded that the number of processed sago stems, the number of labour, and the fuel usage was not efficient yet.Keywords: sago processing, analysis of efficiency, revenue, production factor, return to scale
The Efficiency of Manufacturing Sector: Empirical Evidence From Aceh Province Indonesia Muhammad Nasir; Eva Arafah; Hizir Sofyan
Indonesian Journal of Business and Entrepreneurship (IJBE) Vol. 4 No. 1 (2018): IJBE, Vol. 4 No. 1, January 2018
Publisher : School of Business, IPB University (SB-IPB)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.17358/ijbe.4.1.55

Abstract

This paper was aimed to analyze the efficiency of Manufacturing Sector in Province of Aceh – Indonesia. The analysis was conducted using the secondary data on manufacturing sector of Province of Aceh together with the Data Envelopment Analysis (DEA analysis). Based on the research, it was found that the manufacturers that had highest output included those producing Fertilizer, Chemical, and Rubber whereas the manufacturers that had the lowest output included Foods and Tobaccos. This condition was caused by the lower interest of the producers involving in foods and tobaccos products. By using DEA analysis, the efficiency value of each product is varied. Using constant return to scale (CRS) assumption, there are four manufactures that are not efficient, including Foods and Tobaccos, Textile, Animal skin products and shoes, and Fertilizer, Chemical, and Rubber products.Keywords: efficiency, manufacturing sector, data envelopment analysis
Behavioral Intention Analysis on Internet Banking Usage at Bank XYZ Bogor Fitria Annilda; Ujang Sumarwan; Endar Nugrahani
Indonesian Journal of Business and Entrepreneurship (IJBE) Vol. 4 No. 1 (2018): IJBE, Vol. 4 No. 1, January 2018
Publisher : School of Business, IPB University (SB-IPB)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.17358/ijbe.4.1.64

Abstract

The aims of this paper were to analyze the customer decision to use internet banking and to anlyze the factors correlated with the intention of internet banking usage at XYZ Bank, Bogor, Indonesia. The theoretical foundation for this study was Theory of Planned Behavior (TPB). TPB is a model that estimates the consumers’ intention to perform a behavior or action. A number of 150 respondents were selected by convenience sampling method using questionnaires with interviews. The data were analyzed using SEM-PLS. The results showed that perceived behavior control had a significant influence on behavioral intention. Respondents who had higher scores of perceived behavior were more likely to have a higher intention of using internet banking. For the managerial implications, the company is expected to provide more user-friendly and attractive facilities for users, so that users can easily do banking transactions without having to queue at either a Bank or ATM counters. Second, the facility with more limit than that exists now can be used as a reference for the company to increase the number of internet banking users, so users can use facilities safely, and desired facilities are available in internet banking.Keywords: behaviour intention, internet banking, SEM-PLS, theory of planned behavior

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