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Jurnal Aplikasi Bisnis dan Manajemen (JABM) E-Journal
ISSN : 25285149     EISSN : 24607819     DOI : -
Core Subject : Science,
Journal of Business and Management Application (JABM) published articles in the field of business and management applications such as business strategy management, financial management, human resources and organization, business value chain and other issues in the field of business and management. This scientific journal is published by School of Business, Bogor Agricultural University (SB-IPB) associated with Indonesian Alliance of Magister Management Program (APMMI). JABM began the publication in August 2015 with a frequency of three times a year. Starting in 2016, JABM will be published in January, May and September.
Arjuna Subject : -
Articles 687 Documents
Financial Performance Evaluation Between Traditional Bank and Digital Bank During Digital Transformation: Evidence From Indonesia Tamami, Ahmad Jihan; Irawan, Tony; Indrawan, Dikky
Jurnal Aplikasi Bisnis dan Manajemen Vol. 11 No. 1 (2024): JABM, Vol. 11 No. 1, Januari 2025
Publisher : School of Business, Bogor Agricultural University (SB-IPB)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.17358/jabm.11.1.176

Abstract

Background: The COVID-19 pandemic accelerated the transformation of the financial sector by significantly altering consumer behavior. This shift led to the rise of digital banks as replacements for traditional banks. However, some digital banks have underperformed compared to their initial performance or after undergoing mergers and acquisitions.Purpose: This study aims to analyze the financial performance of traditional banks before their digital transformation, providing insights to inform alternative strategies for digital banking.Design/Methodology/Approach: The research examines the financial performance of nine banks (four digital banks and five traditional banks) from 2019 to 2022. The performance metrics include liquidity ratio (Loan-to-Deposit Ratio, LDR), solvency ratio (Equity-to-Asset Ratio, EAR), profitability ratios (Net Interest Margin, NIM, and Return on Assets, ROA), and activity ratio (Total Asset Turnover, TATO). Data were collected online from the Financial Services Authority website, and the analysis was conducted using descriptive statistics, parametric tests (Paired Samples t-Test), and non-parametric tests (Mann-Whitney U Test).Findings/Results: The study finds that after transitioning to digital banks, there is a significant increase in the solvency ratio (EAR) but a notable decline in profitability (ROA) and activity (TATO). Compared to traditional banks, digital banks exhibit lower LDR and ROA but higher EAR and NIM.Conclusion: The study highlights key financial performance aspects associated with digital bank transformation. The findings suggest that enhancing financial performance requires improving liquidity, solvency, profitability, and activity ratios. Strategies include engaging with the digital ecosystem, acquiring new customers through innovation, consumer-focused financing, and strengthening core capital.Originality/Value (State of the Art): This research uniquely applies multiple financial performance parameters to compare digital banks before transformation with traditional banks in Indonesia. It identifies potential strategies to address challenges faced by digital banks, enhancing academic understanding and offering practical solutions to improve their financial performance. Keywords: digital bank, digital transformation, financial performance, traditional bank
Factors Influencing QRIS Adoption in Warkops Nurendra, Muhammad Zahran; Wijaya, Liliana Inggrit; Ardiansyahmiraja, Bobby; Kajee, Jun
Jurnal Aplikasi Bisnis dan Manajemen Vol. 11 No. 1 (2024): JABM, Vol. 11 No. 1, Januari 2025
Publisher : School of Business, Bogor Agricultural University (SB-IPB)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.17358/jabm.11.1.214

Abstract

Background: The rapid advancement of technology has significantly transformed how individuals interact, work, shop, and communicate. In Indonesia, digital payment systems have gained prominence, and the Quick Response Indonesian Standard (QRIS) has emerged as an important method for transactions in traditional coffee shops or Warkops (short for Warung Kopi).Purpose: This study explores the factors that influence the adoption of QRIS as a digital payment method in, focusing on subjective norms, perceived usefulness, perceived ease of use, attitude, perceived security, risk, anxiety, and comfort.Design/methodology/approach: We utilized a quantitative approach. Using purposive sampling in Warkops, we collected data from 230 respondents through a structured survey. The data was analyzed using Structural Equation Modeling-Partial Least Square (SEM-PLS).Findings/Results: The analysis reveals that attitude, perceived ease of use, and perceived usefulness significantly impact the intention to use QRIS. In contrast, perceived security, risk, anxiety, and comfort do not significantly affect the intention to adopt QRIS.Conclusion: Warkop, aiming to enhance customer convenience and transaction efficiency, should consider adopting QRIS, as psychological and social factors play a crucial role in its adoption.Originality/value: This research contributes to the academic literature by emphasizing the role of subjective and psychological factors in digital payment adoption. It provides a foundation for future studies to investigate QRIS adoption in different contexts. Keywords: technology adoption, QRIS, Warkop, subjective norms, TPB
Business Development of The Ecotourism of Javan Gibbon: A Marketing Mix Strategy at Gede Pangrango National Park Saputra, Fandawa; Sunarminto, Tutut; Arief, Harnios; Kamilah, Khairiyah
Jurnal Aplikasi Bisnis dan Manajemen Vol. 11 No. 1 (2024): JABM, Vol. 11 No. 1, Januari 2025
Publisher : School of Business, Bogor Agricultural University (SB-IPB)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.17358/jabm.11.1.228

Abstract

Background: Javan gibbons are a protected species facing conservation challenges in Bodogol Resort, Gunung Gede Pangrango National Park. Ecotourism has been shown to benefit both conservation and local economies in other regions.Purpose: This study aimed to assess visitor perceptions of Javan gibbon ecotourism development using a 4Ps marketing mix approach to identify areas for improvement and inform future conservation and tourism initiatives. The areas for improvement include product attributes such as offered package for tourists, chosen tourist provider, the offered price by seeing the willingness to pay, spots to enjoy the tourism, and effective promotion channels.Methods: Descriptive analysis and statistic descriptive analysis were employed to examine visitor perceptions. Data were collected through surveys administered to visitors to Bodogol Resort.Results: Findings indicate that tourists have a positive perception of Javan gibbon ecotourism, proven by the score given by local tourist and foreign tourists are 5.7 and 5.9 in a row. These scores show the degree of agreement (out of 7) about Javan gibbon ecotourism that brings positive impacts for the environment, social, and the Javan gibbon itself. However, there is a need to enhance the 4Ps marketing mix, including pricing, product offerings, promotion, and place. Specifically, prices should be adjusted based on visitor willingness to pay is IDR500,000 to IDR1,000,000 which have not been analyzed before. Social media promotion should be done with the involvement of influencers and community.Conclusion: This study provides valuable insights into the potential of Javan gibbon ecotourism to contribute to both conservation and local development. By implementing recommended strategies with 4P’s marketing mix approach, Bodogol Resort can further enhance visitor experiences such as formed package to offer to the tourist from various potential activity found from this research. The offered package adjusted to the willingness to pay of local and foreign tourist that ranged from IDR500,000 to IDR1,000,000. Respondents also agree that this ecotourism activity also support the long-term survival of this endangered species.Originality: There’s no business development for javan gibbon ecotourism before at Gunung Gede Pangrango National Park. This research also uses VALS Survey analysis to form the promotion strategy. Keywords: business development, ecotourism, javan gibbon, marketing mix, touris
Understanding Global Defense Budgeting Dynamics: A Systematic Literature Review on Economic and Geopolitical Factors Bachtiar , Muchamad; Ahmad, Irdam; Sahabuddin, Zainal Abidin; Trismadi
Jurnal Aplikasi Bisnis dan Manajemen Vol. 11 No. 1 (2024): JABM, Vol. 11 No. 1, Januari 2025
Publisher : School of Business, Bogor Agricultural University (SB-IPB)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.17358/jabm.11.1.242

Abstract

Background: Defense budgeting plays a critical role in shaping a nation's strategic and military capabilities, reflecting its global positioning and priorities. It is influenced by a complex intersection of global politics, security concerns, and economic factors. Understanding these dynamics is crucial for guiding national policies and strategies.Purpose: This study aims to analyze the intricate factors shaping military expenditures globally, with a focus on understanding the role of Gross Domestic Product (GDP) growth, geopolitical tensions, and international political dynamics.Design/methodology/approach: The research employs a systematic literature review (SLR) guided by the PRISMA protocol to synthesize insights from existing studies. Utilizes Scopus-indexed journals to ensure the quality and reliability of the literature.Findings/Results: The findings highlight GDP growth as a central determinant of military expenditure, influenced by geopolitical interdependencies and regional dynamics. Theoretical frameworks, such as "Realist Theory" and "Neoclassical Theory," frequently appear in the literature, emphasizing the interplay between economic and defense paradigms. Conclusion: Defense budgeting is shaped by multidimensional factors, requiring further research with broader data sources and regional focus.Originality/value (State of the art): This study provides a systematic synthesis of defense expenditure dynamics, bridging gaps in economic and geopolitical perspectives. Keywords: defense budget, military expenditure, Gross Domestic Product (GDP), defense economics, Systematic Literature Review (SLR)
Enterprise Internal Strategy at Management Information System “Khanza” Muhammadiyah Sidoarjo Hospital Wahyuni, Eka Risma; Ambarwati, Rita; Hariasih, Misti
Jurnal Aplikasi Bisnis dan Manajemen Vol. 11 No. 2 (2025): JABM Vol. 11 No. 2, May 2025
Publisher : School of Business, Bogor Agricultural University (SB-IPB)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.17358/jabm.11.2.648

Abstract

Background: Management Strategy using SI/TI Strategy in operational management and logistics at Muhammadiyah Sidoarjo Hospital with the SIMRS Khanza application is one of the programs that supports active management and logistics at Muhammadiyah Sidoarjo Hospital. The primary objective is to know SIMRS Khanza's operational management and logistics performance to improve service quality.Purpose: Find the Management Strategy using IS/IT Strategy in operational and logistics management at Muhammadiyah Hospital Sidoarjo with the SIMRS Khanza application.Design/methodology/approach: This research uses a descriptive qualitative approach. According to Porter's Value Chain Model, the data collection and analysis stages used value chain analysis. The study results show that Muhammadiyah Sidoarjo Hospital needs to improve operational and logistical management by emphasising IS/IT strategic planning and developing hospital websites and medical records to support services, health services, administration, and research. Analysis of Porter's Value Chain Model explains that the Sidoarjo Muhammadiyah Hospital carried out two activities related to improving services at the Sidoarjo Muhammadiyah Hospital. Findings/Result: The main activities include Inbound logistics, Operations, Outbound Logistics, Marketing and Sales, and Service. Supporting activities include Firm Infrastructure, Human Resource Management, Technology Development, and Procurement. Muhammadiyah Hospital conducted two exercises to improve services at Muhammadiyah Sidoarjo Hospital.Conclusion: This study found that the main activities in service improvement include inbound logistics, operations, outbound logistics, marketing and sales, and service.Originality/value (State of the art): This study is original in applying Porter's Value Chain Model to analyse IS/IT strategy in operational and logistics management at Muhammadiyah Hospital Sidoarjo, primarily through implementing the SIMRS Khanza application. Keywords: IS/IT strategy, management hospital, management strategy, operational and logistics, value chain
Investigating The Nonlinear Relationship Between Cash Conversion Cycle and Profitability: Evidence From Indonesian Property and Real Estate Companies Kusuma, Difa Putra; Mawardi, Wisnu
Jurnal Aplikasi Bisnis dan Manajemen Vol. 11 No. 2 (2025): JABM Vol. 11 No. 2, May 2025
Publisher : School of Business, Bogor Agricultural University (SB-IPB)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.17358/jabm.11.2.637

Abstract

Background: This study investigates the nonlinear impact of the Cash Conversion Cycle (CCC) on profitability, as measured by Return on Assets (ROA), in the property and real estate sector in Indonesia.Purpose: The research aims to provide insights into financial management development, inform decision-making regarding working capital policies, and serve as a reference for further studies.Design/Methodology/Approach: The study employs dynamic panel data analysis using the Generalized Method of Moments (GMM) in EViews12. The sample includes 43 property and real estate companies listed on the Indonesia Stock Exchange (IDX) for the 2017-2019 period, selected through purposive sampling. Data were sourced from Bloomberg, and analysis involved GMM specification tests (Arellano-Bond and Sargan Test), Wald tests, and t-statistical tests.Findings/Results: The Wald test results indicate that CCC, CCC², company size (SIZE), sales growth (GROWTH), company age (AGE), leverage (LEV), and liquidity (CR) significantly affect ROA. Additionally, the t-statistical test reveals that CCC has a significant negative effect on ROA, while CCC² has a significant positive effect on ROA, suggesting a U-shaped nonlinear relationship between CCC and profitability.Conclusion: This study confirms a U-shaped nonlinear relationship between the Cash Conversion Cycle (CCC) and profitability (ROA) in Indonesia's property and real estate sector. Balancing CCC is essential, as both excessively short and long cycles affect profitability differently. Additionally, company size, sales growth, age, leverage, and liquidity significantly influence ROA. These findings emphasize the importance of strategic working capital management to optimize financial performance.Originality: This research contributes to the literature on working capital management by identifying a U-shaped nonlinear relationship between CCC and profitability, emphasizing its practical implications for financial decision-making in emerging markets. Keywords: facultative administration, FMEA, operational risk, Pareto diagram, risk priority
Strengthening Digital Literacy, Financial Management, and Special Skills to Face Human Resources Management Market Competition Usmar, Usmar; Sismiati, Sismiati; Sulaiman, Syarifuddin; Lanori, Tamrin
Jurnal Aplikasi Bisnis dan Manajemen Vol. 11 No. 2 (2025): JABM Vol. 11 No. 2, May 2025
Publisher : School of Business, Bogor Agricultural University (SB-IPB)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.17358/jabm.11.2.715

Abstract

Background: In a rapidly changing labor market, three factors are essential: ownership of digital literacy, financial management skills, and specialized knowledge in increasing competitiveness in HR Management. These three factors are relevant to technological developments and market needs, so it is also essential for companies to implement the right strategy to achieve high competitiveness. Purpose: This paper aims to analyze digital literacy, financial management, and special skills in the context of human resources management market competition and simultaneously analyze all independent variables with the dependent variable. Design/methodology/approach: This research design uses a quantitative approach. The study population consisted of 158 managers of financial institutions in Bekasi, with a sample size of 158 managers selected. The respondents were selected through the random sampling method. The data analysis technique uses multiple linear regression analysis. Findings/Result: The research results show that the variables Digital Literacy, Financial Management, and Special Skills have a positive and significant effect on Human Resources Management Market Competition. Moreover, all independent variables have a significant effect on Human Resources Management Market Competition by 54.4%, while the remainder is influenced by other variables. Conclusion: Digital literacy, financial management, and special skills collectively form a powerful arsenal for HR professionals seeking to excel in the market. Originality/value (State of the art): This study contributes to the limited empirical literature by quantitatively assessing the combined impact of digital literacy, financial management, and special skills on HR market competitiveness, offering practical insights for HR strategy development in the context of emerging market economies. Keywords: digital literacy, financial management, special skills, human resources management, market competition
Do Robo-Advisors As Moderating Variables Weaken The Overconfidence and Loss Aversion Behavior Bias of Young Investors’ Mutual Fund Investment Decisions? Wijaya, Liliana Inggrit; Liangga, Victor Marcelino; Sutejo, Bertha Silvia
Jurnal Aplikasi Bisnis dan Manajemen Vol. 11 No. 2 (2025): JABM Vol. 11 No. 2, May 2025
Publisher : School of Business, Bogor Agricultural University (SB-IPB)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.17358/jabm.11.2.349

Abstract

Background: Behavioral bias factors influence individual decision-making. Technological innovations in the financial services industry have introduced automated financial advisors, or robo-advisors, to assist in mutual fund investment decisions and reduce behavioral biases. Purpose: This study aims to prove the influence of overconfidence and loss aversion behavior bias on mutual fund investment decisions by using robo-advisors as moderator variables.Design/methodology/approach: The research sample was 100 respondents with the criteria of young investors in the age range of 18 to 25 who invested in mutual funds for the last five years and were officially registered with the Financial Services Authority. The data processing method uses multiple linear analysis with moderation dummy variable, using a robo-advisor or not.Finding/Result: The results indicate that overconfidence and loss aversion biases significantly impact mutual fund investment decisions positively. Apart from that, the results also show that robo-advisors succeed in weakening the relationship between overconfidence bias and mutual fund investment decisions. Meanwhile, robo-advisors show results that cannot moderate the relationship between loss aversion and mutual fund investment decisions.Conclusion: Robo-advisors moderate the relationship between overconfidence bias and investment decisions but do not moderate the relationship between loss aversion and mutual fund investment decisions. The high overconfidence is caused by the ease of access to information related to investment assets that is widely spread through social media. Young investors are expected to be able to screen all information related to investment knowledge to reduce loss aversion from young investors. It can help investors make more rational decisions.Originality/value (State of the art):This research is unique because it examines the behavioral biases associated with robo-advisors on investment decisions, especially investments in mutual funds. This research is novel and includes artificial intelligence technology developing in finance using robo-advisor and mutual fund investment. These have managerial implications, such as the high overconfidence in the younger generation due to easy access to information related to investment assets, which is widely spread via social media. Knowledge related to finance is considered capable of reducing loss aversion from young investors to help them make more rational and better decisions. Robo-advisor technology has reduced the irrationality of mutual fund investors' investment decisions. The research results show that overconfidence and loss aversion bias positively and significantly influence investment decisions. Apart from that, the results also show that robo-advisors succeed in weakening the relationship between overconfidence bias and investment decisions. Meanwhile, robo-advisors show results that cannot moderate the relationship between loss aversion and investment decisions. Keywords: Robo-advisor, behavioral bias, overconfidence, loss aversion, mutual fund investment decision
Competitive Strategy Formulation in The Furniture Industry Fasya, Hannika; Hannan, Sufrin; Asnawi, Yudha Heryawan
Jurnal Aplikasi Bisnis dan Manajemen Vol. 11 No. 2 (2025): JABM Vol. 11 No. 2, May 2025
Publisher : School of Business, Bogor Agricultural University (SB-IPB)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.17358/jabm.11.2.586

Abstract

Background: Since its establishment in 2021, PT XYZ has continuously experienced a decline in sales of its flagship product, the sofa furniture. Therefore, an effective strategy is needed to continue to survive and compete in the current declining sales and increase the company turnover.Purpose: The purpose of this study is to finding the right competitive strategies that can implemented by PT XYZ to keep their existence in furniture industry.Design/Methodology/Approach: This study employs a qualitative method with informant selection through purposive sampling technique. Data collection techniques include observation, and interviews. Finding/Result: The findings of this study show that to solve the decline in sales of sofa furniture, PT XYZ can implement of appropriate competitive strategies in the form of market penetration strategy (optimizing networking and digital marketing for marketing and sales) and product development (conducting research and development to foster product innovation and improving the quality of sofa products and services without neglecting the quality of products and services that are currently provided) to increase the company turnover. Conclusion: This study shows that the priority strategy to solve the decline in sales of sofa furniture, and to increase the company turnover are with market penetration and product development. Originality/Value (State of the art): This study attempts to explain the effective competitive strategies for sustaining presence in the sofa furniture industry. It is hoped that the development of the identification of competitive factors within the CPM Matrix will contribute to a more comprehensive body of literature and provide a more precise analysis of competitors. Keywords: competitive strategies, market penetration, product development, sofa furniture, CPM
The Influence of Smartphone Technology Innovation On Mobile Product Sales at Atlantic Cell Stores in Bandung Hildayanti, Siti Komariah; Sulastri, Tuti; Roza, Seflidiana; Defitri, Siska Yulia
Jurnal Aplikasi Bisnis dan Manajemen Vol. 11 No. 2 (2025): JABM Vol. 11 No. 2, May 2025
Publisher : School of Business, Bogor Agricultural University (SB-IPB)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.17358/jabm.11.2.687

Abstract

Background: Recent technological advancements in smartphones, including 5G connectivity, AI-enhanced cameras, foldable screens, and improved biometric security, have notably transformed the telecommunications sector.Purpose: This research examines the impact of these innovations on the sales growth of mobile phone products at Atlantic Cell stores in Bandung.Design/methodology/approach: Using quantitative analysis, we collected sales data before and after the launch of the latest smartphone models, applying statistical techniques such as regression analysis and paired t-tests.Findings/Result: Our results show that sales of 5G-enabled smartphones increased by 12%, foldable phones by 7%, and AI-powered cameras contributed to a 9% growth. This indicates a strong relationship between technological innovations and shifts in consumer purchasing behavior.Conclusion: The findings highlight the importance for industry stakeholders, particularly retailers like Atlantic Cell, to stay aligned with emerging technological trends to remain competitive. By offering products that incorporate the latest innovations, businesses can enhance sales growth and ensure long-term success in a rapidly changing market.Originality/value (State of the art): This study emphasizes the necessity of continuously adapting to technological advancements to thrive in the competitive landscape of mobile phones. Keywords: atlantic cell, mobile product sales, shopping preferences, smartphones, technology updates, telecommunications industry

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