Research Article
Open Access
The Impact of Managerial Coaching Skill on Team Performance in the Perception of Generation Y and Generation Z at Mazars in Indonesia
This quantitative research explores the relationship between managerial coaching skill and team performance, focusing on Generation Y and Z employees at Mazars in Indonesia. The study, grounded in social cognition theory, examines the moderating role of employees’ learning goal orientation and the mediating impact of team-level architectural knowledge. It addresses the gap in empirical evidence linking managerial coaching skill to team performance, as opposed to individual outcomes. The research involves 106 employees, including managers and team members, analysing the direct effects of managerial coaching skill on team-level architectural knowledge and team performance. It also investigates how employees’ learning goal orientation moderates the relationship between managerial coaching, team-level architectural knowledge, and team performance. Findings reveal the crucial role of a team's collective architectural knowledge in linking managerial coaching to performance, especially when employees have high learning goal orientation. This study advances our understanding of managing younger generations in the workplace and offers insights into how managerial coaching skills can influence team performance. An implementation plan based on the findings is proposed. It emphasizes enhancing managerial coaching skills, fostering learning goal orientation, and linking coaching to team-level architectural knowledge acquisition for improved team performance. The plan suggests targeted training for managers, cultivating learning goal orientation, personalized coaching, mentorship programs, and performance metrics and feedback systems. This strategic framework aims to bolster organisational performance by focusing on these key areas.
Research Article
Open Access
Family Background and Entrepreneurial Intentions among Students in the Department of Entrepreneurial Studies, Veritas University, Abuja
Gomna Gbenger Gbar,
Kenneth Chukwujioke Agbim
Research has shown that government, non-governmental organisations, and private and public universities efforts to increase and sustain the rate of Nigerian students’ entrepreneurial intentions still leaves much to be desired. As such, nascent entrepreneurs and researchers alike are beginning to advocate the triggering of the intentions from their family background. Motivated by the dwindling commitment of students in the Department of Entrepreneurial Studies, Veritas University, Abuja to entrepreneurial activities, this study seeks to investigate the effect of family background (prior experience in family business, family financial status and parental support) on entrepreneurial intentions. The study adopts a cross-sectional survey research design, census method and criterion sampling technique to select the students that completed the questionnaire. The generated data from 65 students were subjected to linear regression analysis. It was found that the effects of the dimensions of family background on entrepreneurial intentions are positive and significant. Hence, family empowerment and involvement of students in their family businesses is advocated. Also, parents and other family members should be educated on the importance and benefits of giving diverse supports to their family members who are students. Since not all entrepreneurial intentions translate to actual entrepreneurial behaviour, future researchers should relate family background to entrepreneurial behaviour. This is to assure that all respondents who will express a high entrepreneurial behaviour during the research will actually create a business afterwards.
Research Article
Open Access
Optimizing It Core Banking Project Management at Bank Berkarya
Martintyas Pahirawan Putra Amkristianto,
Aries F. Firman,
Gatot Yudoko
The Indonesian banking industry is undergoing a global transformation, driven by the rise of digitalization, and catalysed by industrial revolution 4.0. Bank BERKARYA stands as a notable player in this transformation, embarking on a comprehensive journey towards digitalization.One of the most important areas of change is in the core banking system which is the foundation of a bank's operations that being support by IT core banking team. However, a deeper analysis exposes a significant gap and inefficiencies. This research delves into the specific challenges faced by the IT Core Banking team in effectively managing core banking projects, utilizing PMBOK knowledge area as the primary references.Employing a case study methodology, the research combines interviews, data analysis, and literature reviews to provide a comprehensive understanding of the issues. Key findings emphasize quality as the priority of core banking.The dominant challenges identified include challenges in managing project scope and requirements, as well as challenges in prioritization. To address these challenges, three strategic business solutions are proposed: strategic demand management, an internal team solution forum, and a robust quality framework.
Research Article
Open Access
Accountability and Transparency of Village Fund Management in Lumajang District
Nurina Ayuningtiyas,
Hendrawan Santosa Putra,
Muhammad Miqdad
Village funds are distributed as part of the state's commitment to protecting and empowering villages to become strong, advanced, independent and democratic. However, in Lumajang Regency in 2022 village funds worth IDR706,582,800.00 cannot be distributed. This research aims to evaluate managing village funds in Lumajang Regency and knowing the obstacles faced by the village government so that it can be an improvement in the sustainability of village fund management in the next fiscal year. This research was conducted because the management of village funds was not in accordance with applicable regulations. Study This use type study qualitative case study with do interviews and observations. The research location in this research is Lumajang Regency with case studies in Krai Village and Sumberanyar Village. The results of this research show that the management of village funds in Lumajang Regency is not yet fully accountable and transparent because there are two villages that are not yet fully accountable for managing village funds according to the provisions due to abuse of authority by the Village Head in managing village funds. It is hoped that this research will be useful for the Lumajang Regency Government, especially Krai Village and Sumberanyar Village in its efforts to increase accountability and transparency in the management of village funds in the future.
Research Article
Open Access
Onboarding Program and Organization Readiness to Change in Bank Syariah National
Fadillah Hilmi,
Achmad Ghazali
The onboarding program has been acknowledged as beneficial to help new employees reach the onboarding levers. The onboarding levers consist of Self-efficacy, Role Clarity, Social Integration, and Knowledge of the Culture (Bauer, 2010). It helps new employees have an emotional connection with the organization, so it could decrease leavers under three months. But after almost a year after its grand launch, the completeness rate of the onboarding program has remained at less than 40%. It might be because the organization is not ready to implement the program yet. This research uses using descriptive analysis method. The data was collected by taking a survey to 741 participants, using Likert Scale with a scale 1 (Strongly Disagree) to 6 (Strongly Agree) and open-ended questions. And interviewed 6 participants to get a deeper understanding of why the onboarding program did not implement as expected. The result of the research is 75% ready to implement the onboarding program. they have awareness, desire, knowledge, and ability to implement the program. But there are some other factors not mentioned in the ADKAR concept that makes the program did not go as expected. Not prioritizing to complete the program is one factor that makes the implementation rate remain low. It could be aligned with the managers who didn’t pay enough attention to their team to complete the tasks. Besides, technical issues of the program such as duration, administration process, competencies of the buddy, out-of-date material, and application issues can also make the employee not do it properly.
Research Article
Open Access
Implementation of E-Ticketing Using the Kai Access Application at Pt. Kereta API Indonesia (Persero) Daop 8 Surabaya
Zihan Zahirah,
Siti Maria Wardayati,
Muhammad Miqdad
An online ticketing system, or e-ticketing, is a way to document the sales process of customer travel activities without having to physically issue valuable documents or paper tickets. All e-ticketing information is digitally stored in PT KAI's computer system. E-ticketing is also used as an opportunity to minimize costs and optimize passenger comfort. Before the use of electronic ticketing or e-ticketing, train ticket buyers would have to wait in long lines to get a train ticket to a destination. This type of research is qualitative research with descriptive analysis method through the use of interview method. The role of information systems in improving the utilization of KAI Access Mobile Application services by PT KAI DAOP 8 Surabaya train users is very important. With the support of a strong and effective information system, PT KAI can expand service coverage, improve user experience, optimize operations, and remain relevant in today's digital era. In conclusion, the implementation of the E-Ticketing system using the KAI Access application at PT Kereta Api Indonesia (Persero) DAOP 8 Surabaya has a significant impact on the way users buy tickets and plan their trips. While providing great benefits in operational efficiency and user convenience, the company is also faced with challenges that require extra attention in ensuring data security, user adjustment to new technology, as well as constant evaluation of the impact of these changes on user experience.
Research Article
Open Access
Marketing Automation is an Entrance to Enhance Marketing Excellence a Survey of the Opinions of a Sample of Workers in the Carrefour Chain of Stores in the Kurdistan Region of Iraq
Mohammad Mahmood AL-Mulla Hasan,
Mohammed Ahmed AL-Hamamy,
Saif Khalid Zakaria
With the development of technology and the increased interest in e-marketing, reliance on marketing automation has grown due to the emergence of many automated marketing platforms available to organizations. This is done in order to improve the growth of their projects. In 2018, approximately 49% of organizations regularly used marketing automation. This technology automatically identifies the target customer and designs relevant content based on their behavior. It also automates repetitive tasks, reduces human errors, and helps achieve better results, instead of manual work. Competition is exerting its effects on organizations in all sectors, including the product sector. Our current topic was chosen to identify the aspects that the Carrefour chain of stores, specifically the Duhok branch, uses in using marketing automation to outperform its competitors, and the aspects that make customers choose this organization over others or the reasons for their departure from choosing it. The main research problem is the role of marketing automation in promoting marketing excellence. The research derived its importance through the crystallization of an intellectual framework that establishes the concept of marketing automation on the one hand, and the crystallization of another intellectual framework for marketing excellence, through which it has become necessary for organizations to control their marketing activities and use them in a smart way in order to be the leader in their field of activity. The current research aimed to identify the nature of the relationship between the two research variables by analyzing (486) questionnaires, which represented the source for obtaining field information. A sample for the research was a number of workers in Carrefour Duhok. The research adopted two hypotheses to measure the strength of the correlation and the influencing relationship between the two variables. The hypotheses were tested by different statistical means. The researchers reached a number of conclusions, the most important of which was that marketing automation shortens the repetitive tasks of marketing operations to increase the efficiency and effectiveness of marketing operations decisions made by the organization.
Research Article
Open Access
Exploring the Feasibility of Carbon Capture, Storage (CCS) Integration in Offshore Oil and Gas Operations: A Qualitative Analysis of Husky-Cnooc Madura Limited (HCML)
Ilmam Mukhlis Sanggomaro,
Yudo Anggoro
The pressing need to address climate change and reduce greenhouse gas emissions in order to achieve Indonesia Net Zero Emission (NZE) target in 2060 has led to the exploration of innovative technologies for carbon mitigation in the upstream oil and gas industry. One of the crucial technology for achieving net-zero emissions goals is Carbon Capture and Storage (CCS). Triggered by the Carbon Pricing policy and Minister of Energy and Mineral Resources regulation stipulating CCS implementation in the upstream oil and gas industry, this research investigates the feasibility of integrating CCS technology into the operations of Husky-CNOOC Madura Limited (HCML), an offshore oil and gas company located in Madura Strait, East Java, Indonesia. Employing a qualitative approach, the study examines the driving forces, uncertainties, and potential scenarios impacting CCS integration within HCML's journey to support energy transition. This research employs the scenario planning method to gain a precise understanding of the CCS Integration in HCML offshore oil and gas operation within its contract period until 2032. These scenarios are crafted from qualitative interview data with HCML CCS task force. The primary aim of scenario development is to assess the implications of identified uncertainties of Government Support and Technology & Innovation to formulate an effective strategy to address the challenges posed within CCS integration in HCML. In this research, the author formulates four scenarios termed Yellow Submarine Scenario, Across the Universe Scenario, The Long and Winding Road scenario and A Hard Day’s Night scenario. Each scenario will yield distinct implications and early warning signals regarding the CCS development and integration in HCML offshore oil and gas operation. Furthermore, upstream oil and gas business players can refer to the strategic planning direction in each scenario to gain understanding when confronting the challenges of the CCS development and integration in the offshore oil and gas operation in the medium and long term.
Research Article
Open Access
Leadership Style in Managing Parent-Child Fit Company with Different Culture Case Study at Chinese Multinational e-commerce Company in Indonesia
Iman Faisal Mihardja,
Hary Febriansyah
This study explores the influence of leadership style in JD.id as a subsidiary company during economic disruption and observes the changes in leadership style when investor confidence declines. To conduct the analysis, 2 BODs and 9 managers from JD.id were interviewed with 12 questions focusing on exploring the conditions and leadership styles of the subsidiary and parent companies before and during economic disruption. The results showed that JD.com and JD.id have a Ballast business type with a parent-child fit matrix which means that both companies are in the same industry where there is no opportunity for the parent to add value. When experiencing economic disruption, the parent company's leadership style began to shift to situational leadership where the parent began to become a dictator of the subsidiary company. The division most affected by the sudden change in direction and the parent company's interference is the Commercial division. Since they interact directly with budgets and promotions, when investors are no longer confident to put more money into the company, the commercial team can no longer work properly. This resulted in a change in the leadership style of local leaders, with most of them changing to adaptive leadership and some of them losing their leadership style as parents interfered in most of their decisions.
Case Report
Open Access
Marketing Strategy for Aviation MRO Company “Case Study of PT GMF AeroAsiaTbk”
Virgine Ayu Octarika,
Satya Aditya Wibowo
The COVID-19 pandemic caused an unprecedented period of financial and operational instability, which had a significant effect on the aircraft maintenance, repair, and overhaul (MRO) industry. For MRO company, preparing a successful recovery from the pandemic's harmful effects is currently the most pressing business challenge. The battle for market share among MRO is fierce, and the road to recovery is still challenging. The post-pandemic environment has transformed, necessitating a departure from conventional corporate practices. The evolving behaviors of manufacturers, suppliers, customers, and competitors underscore the necessity for the industry to proactively adjust. Marketing plays an important role in addressing this challenge and managing the interactions between MRO and customers regarding the company's offerings. Marketing also has a significant impact on customer’s perceptions of the company's brand image. For GMF to adapt to the post-pandemic environment, a comprehensive internal and external study is necessary. Several frameworks such as VRIO, Porter's Value Chain, STP, and Marketing Mix help evaluate the company's capabilities, competitive advantage, market segmentation strategies, and tactical marketing elements. Meanwhile, frameworks as PESTEL, Porter's Five Forces, Customer Analysis, and Competitor Analysis provide insights into the macro-environment, market forces, customer behavior, and industry rivals. Integrating these findings via SWOT frameworks helps formulate an appropriate business and marketing strategy that aligns with the current situation and company target. The proposed marketing strategy, leveraging STP and Marketing Mix, determines expansion strategies, market segmentation tactics, and optimal implementation plan to ensure the strategy's practicality and viability within the expected time and resources.
Research Article
Open Access
The Influence of Leadership Behavior towards Safety Culture Integration in a Company Post Acquisition
Ike Endah Rachmawati,
Hary Febriansyah
In a business environment, when companies want to enlarge their portfolio or expand their operation, merger and acquisition process could be one of the ways to put the perspective into reality. This acquisition approach was also chosen by PT. ELI when they want to expand their lubricant business operations in Indonesia for when in 2018, they acquired PT. IND.After the acquisition by PT. ELI, the cultural differences between the multinational and the local company, particularly in terms of safety, came to the fore for the leadership of PT.IND. They realized their key role as change agents who had to communicate this cultural change to the workers. Behavioral skills were important as leaders already had their own leadership styles, while Kouzes and Posner's Exemplary Leadership theory became the foundation for an effective leadership approach. Leaders were also directed to hone communication skills through Computer Based Training from the company intranet. From the employees' perspective, their interviews confirmed that the safety culture had changed after the acquisition and their leaders appeared more safety-conscious and concerned. However, they wanted consistency in the implementation of the safety culture as their biggest challenge was changing ingrained mindsets and habits. Their solutions included the development of a prioritized program that considers immediate needs and basic business processes to maintain the integration of the safety culture.
Research Article
Open Access
Analysis of Human Resources Quality and Service Quality on Employee Performance with Community Satisfaction as an Intervening Variable
Improving employee performance is the hope of employers and the community as service recipients. Employers want all employees to have good performance and employees who have an interest in self-development and job promotion. Community satisfaction describes a service provided to the community that will affect the quality of service. This study aims to analyze the effect of the quality of human resources and service quality on employee performance with community satisfaction as an intervention variable. The population in this study were people who received services at the Disdukcapil Office of Pemalang Regency, totaling 240 people consisting of 130 people who were male and 110 people who were female. The sample in this study amounted to 150 people. The analysis test performed was multiple linear regression analysis and path analysis. The results of the study are 1) Quality of Human Resources has a positive and significant effect on employee performance, 2) Quality of service has a positive and significant effect on Employee Performance. 3) The quality of Human Resources has a positive and significant effect on community satisfaction. 4). Service quality has a positive and significant effect on community satisfaction. 5). Community satisfaction has a positive and significant effect on employee performance. 6). Community satisfaction can mediate the influence of the quality of Human Resources Performance on Employees, but the results are smaller than the results directly.7). Community satisfaction can mediate the effect of service quality on employee performance, but the results are smaller than the results directly.
Research Article
Open Access
Analysis of Revenue Sharing Fund of Tobacco Products Excise Governance in Jember Regency
Doni Firmansyah,
Hendrawan Santoso Putra,
Muhammad Miqdad
The tobacco farmer became one of the most affected parties that make cigarettes, making cigarette companies decrease their product costs, including tobacco production by farmers. To overcome that, the government issued regulations that set the use of the Revenue Sharing Fund of Tobacco Products Excise (TERSF) obtained to be given to the affected parties. Customs has a surveillance area in three districts: Bondowoso Regency, Jember Regency, and Situbondo Regency. Jember Regency became the highest regency and received the highest regency of Customs in September. Revenue Sharing Fund of Tobacco Products Excise increased from 2% to 3% starting in 2020 as the Minister of Finance Number 215/PMK.0/2021 about use, monitoring, monitoring, and evaluation for the following areas: 50% of the following areas: 50% (% of the following areas: 50%The method used in this research is a library study. This research results using the stewardship theory show that Dhcht's funds in Jemberg Regency have been fulfilled through the energy between the government and the State of Customs.
Research Article
Open Access
Strategy Development Based on Industrial Organization Model, Case Study at PT. MSI
Sida Smarta Endi Perkasa,
Harimukti Wandebori
PT. MSI is a company under Triputra group which focuses its business in the automotive industry on two wheelers and four wheelers. Today the automotive industry all over the world is having a transition to another level, every brand is in the race to become number one in high technology such as autonomous vehicles and electric vehicles such as Tesla, Toyota, and BMW. Indonesia automakers such as Toyota, Daihatsu, Honda, Wuling, Hyundai and others started to follow the trends. This trend can be an opportunity and threat to every spare parts manufacturing in Indonesia. This thesis aims to find, analyze, and give the corporate strategic to make sure the company is sustaining and growth during transition in electric vehicles era. The method is to create Industrial Organization Model (I/O) which in I/O needs to analyze external environment that affect majority of company’s strategic decisions. The framework is to analyze and combine consumer analysis, general environment analysis, industry analysis, and competitor analysis to find out that currently the industry is attractive. The next step is to create strategy formulation, prepare the required assets and skills and create a strategy implementation plan. The strategy that proposed to PT. MSI is a differentiation strategy which focuses on selling unique products that our competitor doesn’t have. The core competencies needed to support this strategy are strategic alliances. For further strategy, the company should be able to balance value chain activities which consist of primary activities and secondary activities.
Research Article
Open Access
The Relationship Between Selected Financial Ratios and Stock Returns of Publicly Listed Consumer Companies in LQ45 Index
Irene Bernike Hutapea,
Isrochmani Murtaqi
Based upon the information of the Consumer Confidence Index (“CCI”), the stocks of consumer companies in Indonesia are still attractive for their investors. The selection process for the investors can be narrowed down to using available stock indexes that are available in the market. The LQ45 Index is one option in selecting large caps stocks. Furthermore, there are various methods that are being used by investors in order to determine whether a company stock will generate a good return. In this research, the researcher chooses to highlight the benefit of knowing the relationship between financial ratios of a company and the stock returns of the same company. This research focuses in analyzing the relationship between selected financial ratios which are Current Ratio (CR), Liabilities to Assets (LTA), Return on Asset (ROA), Net Profit Margin (NPM), Dividend Payout Ratio (DPR) and the Stock Returns of the consumer companies that are listed in LQ45 Index in the period from 2017 to 2022. We used EVIEWS 10's multiple regression analysis approach to examine all of the data. This study additionally employs hypothesis testing, a coefficient of determination test, and assumption tests to round out the investigation. Findings from this study indicate that, for the consumer businesses included in the LQ45 Index from February 2023 to July 2023, Return on Asset (ROA), Net Profit Margin (NPM), and Dividend Payout Ratio (DPR) do, in fact, interact significantly with stock returns. While, Current Ratio (CR) and Liabilities to Asset (LTA) do not have a significant relationship toward the same. All the independent variables simultaneously influence Stock Return.
Research Article
Open Access
Organizational Culture and its Impact on Group Behaviorin Hotel Organizations an Applied Study of a Sample of Al-Mansour Hotel Employees -Baghdad
Organizational culture is one of the essential topics in organizational behavior because of its role in determining the behavior of organizations and guests simultaneously. The researchers focused on describing the meaning of culture in general and administrative culture in particular to study values, beliefs, and other social variables to demonstrate their relationship to individuals. The group gives the ability to innovate, develop, and deal with internal and external problems. It works to build confidence and deal with those problems with awareness and feeling that give the group the vital role it plays in achieving the organization's goals. The research problem is (Does the organizational culture affect the behavior of the group in the hotel organizations?), As for its importance, it is to enhance the ability of the hotel to develop the culture of workers continuously by developing clear strategies to review environmental changes, and it aims to influence the behavior of the group (workers) in the hotel to improve and build Their cultures in the organization and in line with the developments taking place in the world. The analytical descriptive approach was adopted to analyze the sample’s responses to the questionnaire paragraphs. The research community was represented by the employees of the Mansour Hotel in Baghdad, where (35) questionnaires were distributed and were intentional. The statistical methods used were the stability test, the Cronbach coefficient, simple linear regression Multiple, Pearson's coefficient, the F test, the coefficient of determination, and percentages using the program (SPSS V.24). Many conclusions were reached, the most important of which are: There is a statistically significant relationship between (organizational culture) and (group behavior) according to the answers of the research sample. The most important recommendations are: Encouraging the development of collective behavior because of its apparent impact on hotel workers and increasing their organizational culture.
Research Article
Open Access
Proposed Strategy Development for Pt Bank Cimb Niaga to Optimize Digital Transformation Through Octo Mobile
Gabriella Wenus Layola,
Eko Agus Prasetio
The rapid technological advancements in the digital age are having an impact across various industries, including finance and banking. This has intensified competition among banks, with the rise of fintech and e-wallet services further enhancing the industry's competitiveness. In response to this challenge, Indonesian banks are actively investing in the development of smartphone banking apps to meet evolving customer needs. Presently, Indonesian customers demonstrate openness to innovative digital economy products, particularly in the digital payments. Capitalizing on market opportunities, CIMB Niaga as one of Indonesia's largest banks with a total capital of 30 trillion rupiah, is strategically leveraging the development of smartphone banking applications through OCTO Mobile. However, in comparison to other banking apps, OCTO Mobile currently exhibits a lower usage rate. According to Consumer Preference Towards Banking and E-Wallet Apps survey that conducted in 2022 by Populix, OCTO Mobile was in the sixth position with only 5% users which indicates a lack of active users. Therefore, this research aims to identify the root cause and find the most suitable strategy development for OCTO Mobile application. Various methodologies are employed to establish a framework capable of addressing business challenges. This begins with an internal analysis, followed by an examination of the external environment, competitor analysis, and customer analysis. To dive into customer analysis, a survey is conducted utilizing a questionnaire distributed to a sample of respondents. The primary objective of this survey is to ascertain the Perceived Value (PV) of the OCTO Mobile application.
Research Article
Open Access
Strategic Marketing for F&B Business “Siomay Bandung Wibisana”
Strategic marketing serves as a vital tool for corporations aiming to boost product sales and increase awareness among consumers. In the case of Siomay Bandung Wibisana, understanding the market landscape and recognizing challenges, particularly as their product is considered a commodity, is crucial. This involves delving into various analytical frameworks such as Porter’s Five Forces, STP (Segmentation, Targeting, Positioning), SWOT analysis, marketing mix, and the 7Ps. The study encompasses diverse research methods, including descriptive, diagnostic, predictive analytics, and perspective analytical research techniques. It employs both primary and secondary data collection methods to comprehensively gauge market dynamics. Implementing a multifaceted marketing strategy emerges as pivotal for Siomay Bandung Wibisana’s revenue growth. This encompasses strategies like broadening menu variations, dynamic pricing strategies, enhancing online presence, fostering collaborations, and engaging with the community. Through meticulous analysis of internal and external factors, particularly via SWOT analysis, and the application of the 4Ps (Product, Price, Place, Promotion), the brand can carve a distinctive identity, attract its target audience, and effectively navigate the fiercely competitive F&B industry. This holistic approach doesn’t solely aim for immediate sales but strives for sustainable growth by remaining adaptable to evolving market landscapes. Ultimately, the STP process forms the bedrock of a successful strategy by comprehending the market intricacies and precisely targeting the ideal customer base.
Research Article
Open Access
Marketing Strategy to Penetrate Smart Controller for Chicken Farmers in Indonesia
Vania Nuraini Latifah,
Reza Ashari Nasution,
G.N.Sandhy Widyasthana
Chicken has the biggest consumption per capita in Indonesia compared to beef and pig consumption. Biggest number on the chicken consumption makes the chicken industry business more interesting, but when growing the chicken, farmers often have several problems likes low farm efficiency because of higher of dead chicken, difficulty in managing farm operation & need to be in the farm 24/7 otherwise many problems will arise. Therefore, the company built and launched a smart controller to control coop condition with setting configuration that can be controlled remotely. To create the marketing strategy to penetrate smart controllers, this research will analysis the internal and external condition using VRIO, Competitor Analysis, and Porter’s Five Forces. To define the market selection (Segmentation, targeting market and Product positioning) and market mix using 4P (Product, Price, Place / Distribution, and Promotion) of smart controller, we using questioning methods by interviewing 8 farmers in West Java Area and use axial coding to analysis the data. The result of this research is company will create products that cover farmer’s needs and different with other product in the market. To makes farmers interest with the product we offer several pricing scheme or method, and the scheme doesn’t burden farmers, therefore we offer two method of payment which are buying product and subscription method for farmers that never use the products before. To cover all types of farmers, we are using 360 marketing communication with offline and online communication. Offline communication will be implemented only when introducing the product for the first time to farmers and to maintaining customer we use online communication to make people aware and remind on how to use the application and get new customers. To get more customers we offer cashback and referral program for farmers.
Research Article
Open Access
Analysis of the Influence of Leadership, Work Environment, and Job Satisfaction on Employee Performance with Work Motivation as an Intervening Variable at the Regional Secretariat Office of Pekalongan Regency
Rino Laksono Aji,
Ida Sulistyani,
Salvina Febry Anggarini,
Sri Purwati Yuni Sari Asih,
Gita Sugiyarti
This study aims to determine the effect of leadership and work environment on employee performance with work motivation as an intervening variable in the Regional Secretariat Office of Pekalongan Regency. Respondents used in this study were employees within the Regional Secretariat of Pekalongan Regency. Data collection using questionnaires. Simple Random Sampling is the method used for sampling. Data analysis using Structural Equation Modeling (SEM) analysis. The results showed that: 1) there is a significant positive effect of leadership on work motivation The results showed that. 2) there is a significant positive effect of leadership on employee performance, 3) there is a significant effect of work environment on work motivation, (4) there is a significant positive effect of work environment on employee performance, 5) there is a significant positive influence between work motivation on employee performance.
Research Article
Open Access
Macroeconomic Impact on Foreign Direct Investment (Study on OIC Countries 2012-2021)
Miftahul Khairi,
Achmad ,
M. Iman Taufik,
Memet Agustiar,
Sri Kurniawati
Foreign direct investment is considered more beneficial because it can increase the development of the country and human resources in it. This study aims to discuss macroeconomic influences in which there is economic growth, interest rates, and exchange rates on foreign direct investment in OIC countries. The sample of this study amounted to 28 countries from a total of 57 OIC countries using the non-participant method. Secondary data type with a period of 10 years (2012-2021). The comes about of this consider show that macroeconomic factors such as financial development intrigued rates and exchange rates don't have a noteworthy effect on FDI. Be that as it may this variable may be a variable that truly impacts FDI.
Research Article
Open Access
Increase Competency and Employee Engagement to Reduce Data Center Project Delays
Opyan Freddy Nainggolan,
Hary Febriansyah
In the midst of the rapid growth of the digital economy in Indonesia, the construction of a 9.6 MW Ballard Data Center in West Java has experienced significant delays in project completion.The research was conducted within the framework of TNT project management consultancy for MS, with the main objective of uncovering practical insights to successfully address the fundamental reasons behind these delays.The study used a qualitative research approach and conducted semi-structured interviews with key stakeholders, such as project managers and commissioning agents. Interviews were conducted with a comprehensive thematic analysis to find recurring patterns and themes. This process ensures that the resulting strategy is based on detailed and complex facts of the project environment. The theme analysis is supported by a thorough examination of secondary data sources, such as PMBOK 6th Edition and relevant academic publications, to build a strong theoretical foundation for research.Thematic analysis found fundamental problems including insufficient technical capabilities, substandard project management methods, and barriers to cultural communication. By combining these discoveries, the research provides practical solutions aimed at improving the skill level of project staff, strengthening engagement, and refining communication methods. The analysis shows that these improvements are critical to align with Indonesia's digital growth path and achieve project success.
Research Article
Open Access
Valuation of PT Indika Energy Tbk (INDY) After Energy Transition Strategy
Michael Yonathan Suryana,
Subiakto Sukarno,
Erman Arif Sumirat
Many coal companies in Indonesia forced to change their business strategy. It is also happened in PT Indika Energy Tbk. PT Indika Energy Tbk apply some strategies to reduce this legal risk, such as by investing in non-coal industries, decarbonizing the operations, and divesting from high-carbon industries. One of the interesting corporate action conducted by PT Indika Energy Tbk is the divestment strategies that applied for some last years. The newest divestment conducted by PT Indika Energy Tbk (INDY) is the divestment of PT Multi Tambangjaya Utama (MUTU). PT Multi Tambangjaya Utama has contributed to around 6 until 8% total revenue of PT Indika Energy Tbk. Also, PT Multi Tambangjaya Utama coal quality is considered as the high-grade coal with high caloric value. This movement catch many investor attention. In this research, PT Indika Energy Tbk valuation will be revalued and compared between before MUTU Divestment and after MUTU Divestment. Since PT Multi Tambangjaya Utama is not the public listed company, firstly, there is need to estimate the financial statements. The valuation used in this research is by using Free Cash Flow to Equity (FCFE) method. FCFE calculation will be used for PT Indika Energy Tbk before MUTU divestment and after MUTU divestment. Then, the value between before MUTU divestment and after MUTU divestment compared each other. Beside of that, in this research also cover financial ratio and relative valuation also compared to other coal companies in Indonesia.
Research Article
Open Access
Quality Improvement of Refurbished Parts through Lean Six Sigma Framework (Case PT XYZ: Oil and Gas Services Company)
Nuraida Hakiki,
Muhammad Hanafi
This study focuses on addressing challenges in the management of refurbished parts at PT XYZ, an oil and gas Services Company. The company grapples with substantial challenges, including high equipment downtime and extended lead times for new parts, leading to considerable revenue losses and impacting project timelines. In response to these challenges, the research employs the DMAIC methodology within the Lean Six Sigma framework to investigate and propose strategies for enhancing efficiency in PT XYZ's Well Construction division. The study specifically aims to significantly reduce the Down for Parts (DFP) rate, a key metric measuring equipment downtime due to part unavailability. Remarkably, the primary goal of achieving a DFP rate of 2.6% has been surpassed, with the DFP rate decreasing impressively from 3.3% to 2.45%. This achievement is accompanied by a substantial reduction in average equipment downtime from 11 to 6 days. Additionally, there is a notable improvement in the sigma level, reflected in both DPMO, which increased from 2.6 to 3.1, and maintenance days, rising from 1.5 to 2.9. The practical implications of this research are substantial, offering actionable insights with broad applicability across industries. The results are intended to guide organizations in optimizing maintenance procedures, minimizing equipment downtime, and enhancing overall materials management efficiency. The research aims to bridge the gap between theoretical understanding and practical solutions in the fields of equipment maintenance and materials management.
Research Article
Open Access
Maturity Assessment of Knowledge Management, Strategy, and Implementation in Indonesia's Leading Hospital Group
Alvin Martin,
Achmad Ghazali
Knowledge Management (KM) is important because of the many benefits it can bring to organizations such as better productivity, quality, profitability, and innovation. Knowledge Management in the Hospital and healthcare industry is essential because of its role as an important business. KM assessment is needed to find out which strategy is most suitable. Indonesia's Leading Hospital Group Network is the subject of this paper. This network is one of the largest Group Hospital Networks in Indonesia. The GWI of 40 Hospital Units varies from one another. To verify assumptions, an assessment is carried out to determine the current performance of KM, its gaps, and what strategies are needed to reach full maturity. The assessment was carried out using a mixture of quantitative and qualitative methods collected from employees working in the QNT directorate of the Hospital Group. Quantitative data was collected and analyzed using the APO KM Maturity Framework and qualitative data by interviewing employees using a standard set of questions. The study confirmed that the organization has not yet reached full maturity and is still in the refinement stage with a score of 161 out of 210. The challenges faced are the massive geography of the Hospital Unit, the culture and ability of different employees from each hospital, frequent changes, unclear career paths, and the absence of a special KM department. To improve the performance of KM Hospital Group, the author has provided 10 strategies and business solutions for the Hospital Group that focus on People, Process, Technology, and Governance. In addition to these 10 strategies, the author has created 38 practical KM strategies that other Hospital Groups in their organization must have implemented.
Research Article
Open Access
Analysis Of Emotional Intelligence, Work Stress, Impact On Job Satisfaction Affecting Employee Performance "Case Study Of Employees In The Regional Secretariat Of Pekalongan District"
Dinar Wulan Sari,
Lucy Kristianasari,
F. Ferry Susanto,
Achmad Rofi Arifin,
Gita Sugiyarti
The aim of this research is to examine the role of emotional intelligence and work stress on employee performance, with job satisfaction as an intervening variable Study at the Regional Secretariat of Pekalongan District. This study is a survey research, utilizing primary data with a sample of 111 employees within the Regional Secretariat of Pekalongan District as respondents. The hypotheses are tested using the Structural Equation Modeling (SEM) equation model. The findings of this research indicate H1: Emotional intelligence has a significant positive effect on employee performance. H2: Emotional intelligence has a significant positive effect on job satisfaction. H3: Work stress has a significant positive effect on employee performance. H4: Work stress has a significant positive effect on job satisfaction. And H5: Job satisfaction has a significant positive effect on employee performance.
Research Article
Open Access
Business Performance and Stock Valuation of PT. Siloam International Hospitals: An Analysis of This Indonesian Healthcare Company's Post-Covid-19 Pandemic Resilience
Gloria Evita Thalia,
Isrochmani Murtaqi
The Government of Indonesia (GOI) has taken steps to cope with the impacts of the pandemic in the country, allocating the resources needed. In the midst of recovering from the pandemic, the GOI also has to strive towards fulfilling the Sustainable Development Goals (SDGs) by 2030. The significant economic growth of the healthcare industry and increasing support from the government shows a tremendous potential for growth.PT Siloam International Hospitals Tbk. (SILO) is among hospitals with the largest market capitalization in Indonesia. As a healthcare provider, Siloam Hospitals also was greatly impacted by the COVID-19 pandemic, but it managed to be the hospital with the highest 3-year price returns at 201.26%. This study aims to evaluate the performance and valuation of PT Siloam International Hospitals Tbk in the post-COVID-19 pandemic period to provide guidance for investment decisions. A valuation of the company is done using the Discounted Cash Flow (DCF) method based on financial statements from the year 2018 to 2022. It is found that the company’s intrinsic value per share is IDR 1031, and the share price by the end of 2022 is IDR 1246.12 indicating it is overvalued by 121%. Relative valuation is also done, and it is found that the company’s Price/Earnings ratio is 17.62, Price/Book ratio is 2.3 and EV/EBITDA ratio is 8.05. These values are lower than the industry and sector average, indicating that it is relatively undervalued. Based on the analysis of the company, healthcare landscape and factors affecting it, the author recommends potential investors to buy this stock with caution.
Research Article
Open Access
Tax Reforms And Nigeria Economic Growth
This study is on the impact of tax reforms and Nigeria economic growth. The study covers the period of 1990-2019. A multiple regression model was specified to assess the value of petroleum profit tax, the value of company income tax, the value of custom duties, and value added tax on gross domestic product of Nigeria. The OLS results reveal that all other variables except company income tax have significant impact on GDP, which was used as a proxy for economic growth. Based on the above findings, it is therefore, recommended that there should be periodic inspection of tax procedures for all companies operating in the Nigeria economy. This will afford the government the financial leverage to perform some of its strategic developmental roles especially in the fiscal sector of the economy to bring about the much -desired national economic development.
Case Report
Open Access
Evaluating an Investment Decision in Oil and Gas Development Pt Xyz – A Case Study
Bon Hoffer Nainggolan,
Isrochmani Murtaqi,
Sylviana Maya Damayanti
Pt xyz as the main contributor of national oil production tries to increase the oil production by developing existing reservoirs using secondary oil recovery method in order to meet the demand for oil from Indonesian people. The implementation of the oil recovery method requires a lot of investment which is 624,021 million USD. Because of that the financial feasibility of investment must be conducted. Financial feasibility will be reviewed according to a capital budgeting framework to accept or reject a project, based on Net Present Value (NPV), Internal Rate of Return (IRR), Discounted Payback Period (DPP), Payback Period (PP), and Profitability Index (PI). Based on a 9, 64% weighted average cost of capital, the NPV of the project is USD 170.095.470, DPP is 4, 26 years, PP is 3, 80 years, and PI is 1,290. Additionally, the project has an IRR of 28%. A sensitivity analysis is also conducted in this study to evaluate projects resilience should the relevant parameters change in the future. Each parameter (oil price, oil production, OPEX, and CAPEX) is decreased and increased by 5% and 10%, respectively, while the other parameters are kept constant, to determine the impact of parameter changes towards NPV and PI. As the main objective of this project is to increase oil production, while oil production itself is a critical factor in the sensitivity analysis, therefore the oil production during the project must be well maintained.
Research Article
Open Access
The Influence of Competence and Self-Efficiency On Employee Performance Through Organizational Commitment as Intervening Variables
Dewa Febrian Riyandi,
A.S. Sukawijaya
Employee engagement is an emotional and intellectual commitment to the organization. Employee engagement can create success for a company, one of which is through improving employee performance. The purpose of this study is to determine the significance of the problem between Competence and Self-Efficacy on Employee Engagement through Intervening Variable of Organizational Commitment in ASN Semarang City. The number of respondents used in this study was 100 people using the judgment sampling method. Respondents are ASN employees in Semarang City. This type of research is quantitative by means of data collection by filling out questionnaires using the IBM SPSS test with the Multiple Linear Regression analysis method, namely the validity test and the reliability test descriptively. The reason for choosing this method is that this research can be conducted to dissect in detail the influence and relationship between competency, self-efficacy and organizational commitment variables on employee engagement in ASN Semarang City. The results showed that each variable had a significant effect, namely competence had a positive effect on employee engagement, self-efficacy had a positive effect on employee engagement and organizational commitment variable which was an intervening variable had an effect on employee engagement. So it can be concluded that all variables influence the occurrence of employee engagement in ASN Semarang City. This research provides a better understanding of the factors that influence employee engagement.
Research Article
Open Access
The Effect of Environmental, Social and Governance on Roa of Mining Companies Listed on the Indonesian Stock Exchange in 2018-2022
Adinda Soleha,
Annisa Setiowati,
Diva Clarissa Vania,
Nadhifah Nur’aini Fadilah
This study aims to analyze the effect of environmental, social and governance aspects on Return On Assets (ROA) of mining companies listed on the Indonesia Stock Exchange in 2018-2022. This study uses secondary data from annual reports of 49 mining companies. The data analysis technique used is multiple linear regression with SPSS 27 software. The results show that environmental, social and governance have a negative effect on ROA. This implies that mining companies need to improve their environmental, social and governance to increase their profitability and competitiveness. Furthermore, this study also provides implications for stakeholders, regulators and future research.
Research Article
Open Access
Green Accounting: Real or On Paper? (Case Study at Pt Erna Djuliawati Central Kalimantan)
Dewi Lestari,
Mahung Silobabalo Siru Tariyu,
Siska ,
Tina Oktavia,
Ayu Puspitasari
The purpose of this research is to find out whether it is real or not green accounting at PT Erna Djuliawati Central Kalimantan. This study uses a qualitative descriptive approach. The sample in this study were 5 workers and 2 local people at PT Erna Djuliawati. Data collection techniques were carried out using interviews and random sampling methods. Data analysis using interactive analysis techniques. The results of the research show that the implementer green accounting starting from the company's awareness of the responsibility to pay attention to the surrounding environment in an appropriate and sustainable manner. The existence of CSR indicates that the company automatically practices it green accounting. One of them is by building a large-scale park asicon environmentally friendly by utilizing nature. However, the costs incurred are only presented as operational costs in the financial statements. In addition, information about operational costs in the notes to the company's financial statements is not explained in an appropriate and reliable way in the company account attachments, because it does not include information about costs related to environmental management activities. In this case, the environmental cost information disclosed by PT Erna Djuliawati does not fully reflect the company's activities based on the concept of green accounting as a whole.
Research Article
Open Access
The Role of Management Information Technology in The fuzzy of Banking Institutions and Its Implications for The Efficiency and Performance of Employees, A Field Study in Commercial Banks in Basra
Arafat Naser Jasim Al-Yousef,
Jawad Al-frijawy,
Hayder Jerri Mohsin
This study examines the field of employee performance in light of the ambiguity in information and the lack of clarity and the extent of its impact on performance and how information technology can improve performance the two researchers conducted a field survey on the employees of the Commercial Bank in Basra, and took the opinions of a sample of them about the antiquities, and their number reached (130) A questionnaire was distributed to them and retrieved valid for statistical analysis using the arithmetic mean, standard deviation, and coefficient of variation using (SMART PLS) program And then testing the hypothesis of the study and reached the most important results that the use of technology in improving the performance of employees, which helps reduce the burden of human efforts that were taking our time and allocating money and cost. recommended by the researchers on the importance of the information that the institution needs in its daily procedures and be a result of improving The performance of the staff, due to the use of modern technology in the delivery of information.
Research Article
Open Access
The Effect of Using Securitization Policy and Financial Derivatives in Predicting Financial Risks in Light of Crises
Eman Mohammed Abdullah,
Layth Ali Hammadi Al-Tameemi,
Murtadha Mohammed Shani
This research aims to use financial engineering tools to predict early those risks and find ways to address those crises that would reduce the risks to a minimum in a way that does not affect the lack of cash liquidity in banks and to show the impact of those risks and their reflection on the Iraqi economy since the bankruptcy of those banks has A clear and significant impact for many dealers in the absence of a clear vision that regulates the work of these banks. Therefore, it is necessary to develop mechanisms and tools that clarify the process of predicting financial risks, such as cash credit limits or debtors’ turnover rate, as well as the equations, the application of hedging strategies may result in risks as a result of an error in the coverage or failure to achieve adequate coverage of the risks to which the facility is exposed. The disclosure of the level of financial risks is very weak and there is no clear vision regarding this, as following reckless financial policies based on securitization or relying on financial derivatives without clarifying the broad lines of those tools makes the process of predicting those risks difficult in successive financial crises. If financial engineering is used to find solutions to financing problems, achieve more profits, or manage risk.
Research Article
Open Access
Application of Sak-Emkm in Small and Medium Enterprises Alfath Pontianak Store
Tiara Muthmainnah,
Dania Maharani,
Destriani Syafitri,
Sari Rusmita
This article provides a summary of the notes on the financial statements of Toko Alfath based on the application of the Financial Accounting Standards for Micro, Small, and Medium-sized Entities (SAK EMKM). Toko Alfath is a micro, small, and medium-sized enterprise engaged in commerce. The financial statements are prepared in compliance with the SAK EMKM guidelines and include information regarding the general aspects of the entity, accounting policies, and explanations of the accounts in the Statement of Financial Position and Statement of Profit or Loss for SMEs. The analysis reveals several significant changes in the company's assets and liabilities. This abstract concludes with recommendations based on these findings to aid in decision-making and improve financial management at Toko Alfath.
Research Article
Open Access
Mapping of Potential Economic Sectors in Economic Development in West Kalimantan Province Based On Location Quotient Approach and Klassen Typology
Helly Suharlina,
Ninuk Dwiastuti
Regional economic development is a process in which local governments and all components of society manage existing resources so as to create new jobs and stimulate development in regional economic activities. The purpose of this study is to determine and analyze the leading/base sector in West Kalimantan and analyze sectors that can be developed as well as mapping the West Kalimantan Klassendi Typology 2016 - 2020. 2020. This research uses secondary data for five years, with analysis methods through the Location Quotient approach and Klassen Typology. The results showed that there were seven sectors included in the leading/base sector where the sector had an LQ value greater than one, namely the agriculture, forestry and fisheries sector, the water supply sector, waste management, waste and recycling, the government administration sector, defense and compulsory social security, the education services sector, the health services sector and social activities, the construction sector, the wholesale and retail trade sector; car and motorcycle repair, thus the seven sectors can be developed in West Kalimantan. Through the Klassen Typology mapping, those that are included in quadrant one are the Agriculture, Forestry and Fisheries Sector, the Construction sector, the Government Administration, Defense and Compulsory Social Security sector and the Health Services and Social Activities sector, while those in the second quadrant are the water supply sector, waste management, waste and recycling, wholesale and retail trade sector, car and motorcycle repair and education services which are located in the second quadrant are developed but depressed sectors. Then those included in quadrant III are the mining and quarrying sector, the manufacturing sector, the electricity and gas procurement sector, the information and communication sector. While those in quadrant IV are the transportation and warehousing sector, the accommodation and food supply sector, the financial services and insurance sector, the real estate sector, the corporate services sector and other services located in the fourth quadrant are relatively lagging sectors.
Research Article
Open Access
Analyzing Company Valuation After Merger & Acquisition In Petrochemical Company
Beffy Arpy Irawan,
Subiakto Soekarno
Examines the merger and acquisition between Industries Qatar (IQ) and Mesaieed Petrochemical Holding Company (MPHC) in the petrochemical industry. The aim of this study is to analyze the motives behind the merger, evaluate its impact on the companies involved and the industry as a whole and assess the challenges and opportunities encountered during the integration process. The research methodology involves collecting financial data, industry reports and relevant information from the companies that have undergone the acquisition. Analysis is conducted to compare the company's value before and after the acquisition. Furthermore, this research evaluates the financial performance of the merged entity, examining key financial indicators such as revenue growth, profitability. It investigates the competitive advantage of the merged entity in the petrochemical industry, considering factors such as market share and innovation capabilities.
Research Article
Open Access
Forecasting Air Cargo Business Revenue Based on the Demand for International Air Cargo in Indonesian Airports Using Arima Time Series Analysis
Rizky Ramadhan,
Manahan Siallagan
This Paper focuses on forecasting the revenue potential of an air cargo business based on the demand for international air cargo in Indonesian airports using the ARIMA (Autoregressive Integrated Moving Average) time series analysis. With the increasing importance of air cargo in global trade, understanding and predicting revenue trends are vital for strategic decision-making and operational planning. This study utilizes historical data on international air cargo demand, economic indicators and other relevant factors to develop an ARIMA model for revenue forecasting. The findings provide a detailed and accurate insight into the potential revenue opportunities for air cargo businesses operating in Indonesian airports, enabling them to optimize resource allocation, pricing strategies and capacity planning. The analysis also identifies key factors influencing air cargo revenue, such as trade patterns, economic fluctuations and infrastructure capabilities, thereby assisting stakeholders in making informed decisions to enhance their competitiveness in the market. Ultimately, this research contributes to the body of knowledge on revenue forecasting in the air cargo industry and offers practical implications for industry practitioners and policymakers in Indonesia.
Research Article
Open Access
Guerrilla marketing and its role in enhancing brand awareness a survey study of the opinions of a sample of clients of Asiacell Mobile Communications Company in the city of Mosul
The objective of the current research is to identify the nature of the effect correlation between guerilla marketing with its dimensions (ambient marketing, ambush marketing, and viral marketing) and brand awareness in business organizations in light of the strong and rapidly changing competition. The research problem was identified through several research questions, including: Is there a significant effect of guerilla marketing on brand awareness?. Several hypotheses were derived from it, namely, there is no significant effect of guerilla marketing on brand loyalty. A sample of 150 customers of Asiacell Telecom Company in Mosul city was chosen. The questionnaire was used to obtain the data, which were then analyzed statistically by adopting the SPSS program for the purpose of testing the correlation and effect between both variables. Accordingly, a set of conclusions were reached, including there is an effect correlation of guerilla marketing on brand awareness. Moreover, a set of suggestions consistent with it were presented to the organization under study.
Research Article
Open Access
The Effect of Tourism Marketing Strategy on Visiting Decision in Pangkalpinang City Tourism Area during the Covid-19 Pandemic Era
Hengky Veru Purbolakseto,
Nanang Wahyudin
The tourism sector in Indonesia has the potential to compete with tourism around the world. One of them is the province of the Bangka Belitung Islands, which is known as a tin-producing area. This study aims to determine whether the tourism marketing mix consisting of products, prices, places, promotions, people, and partnerships has an effect on the decision to visit the tourist area of Pangkalpinang city during the covid-19 pandemic area. The type of research used is quantitative research using data analysis techniques which include descriptive analysis, validity test, reliability test, classical assumption test, and hypothesis testing. The result of the study showed that product, price, place, promotion, people, and partnership partially and simultaneously influence the decision to visit.
Research Article
Open Access
Proposed Business Model for Loyalty Platform Feature of a Digital Wallet Company
Qanitan Aryun,
Eko Agus Prasetio,
S. T, MBA
In order to compete due to the implementation of QRIS, digital wallets in Indonesia are racing to add values for their merchants and customers. One segment that is not tapped on to is loyalty where it enables merchants to retain their customers and users to re-purchase at their preferred store. However, many merchants don't have enough knowledge on building loyalty strategies. On the other hand, customers who already have good knowledge on loyalty programs, received lack of engagements from the merchants. In this study, authors analyze the phenomenon using external and internal analysis with a case study of DANA Loyalty. The research is done through quantitative methods by spreading questionnaires to respondents. In addition, a qualitative method was added through in depth interviews with business owners regarding their challenges on implementing loyalty strategy. The results show that there is market potential in creating loyalty programs for the FnB category as it is one of the most attractive programs for users, while merchants require a platform for them to explore and automate their loyalty program. The proposed strategy is analyzed using several frameworks, resulting in the innovation of Business Model Canvas where the value propositions will be creating a seamless loyalty platform for users and merchants, a new revenue stream for platform fees, and new customer channel of community engagement for merchants. The strategy can be achieved by delivering products in iteration, increasing brand awareness, research on technology, and doing market expansion.
Research Article
Open Access
Stock Market Development, Capital Formation and Industrial Sector Performance in Nigeria
UYANA Amos Ogochukwu,
B.O. ISHIORO
This research examined the impact of stock market development and capital formation on industrial sector performance in Nigeria. Descriptive statistics, the unit root test, Ordinary Least Square regression and cointegration test were used for the analysis. Data used were obtained from secondary sources covering a period of 1990 to 2020. Descriptive statistics result showed that all the variables are negatively skewed, for kurtosis the distribution is flat (platykurtic), Jarque-Bera and probability shows that all the variables are normally distributed. Both the Augmented Dickey Fuller and Phillips-Perron tests showed that all the variables are stationary. Regression estimates showed the presence of a positive and significant relationship between stock market development, capital formation and industrial production in Nigeria and also indicated that the residuals are homoscedastic and are not serially correlated. Cointegration test showed the existence of a long-run relationship between capital formation versus stock market development variables and industrial production. It is thus recommended that requirements for sourcing long-term capital in the stock market should also be relaxed in comparison to alternative sources of funds in the financial system. This will stimulate many fund seekers to access the market for long-term capital formation, thereby enabling the development of the market as well as its contribution to capital formation and industrial sector performance.
Research Article
Open Access
Net Zero Emission: Scenario Planning of Indonesian Oil and Gas Industry
Ahmad Faisal Siregar,
Yos Sunitiyoso
In 2015, at a conference under the Council of the United Nations Framework Convention on Climate Change (UNFF) COP 21 Paris, an agreement was produced, hereinafter referred to as the Paris Agreement. This agreement focuses on overcoming global climate problems, namely trying to limit global temperature rise to a minimum of 1.5 degrees Celsius and below 2 degrees Celsius for pre-industrial levels. Through Law Number 16-year 2016, the Paris Agreement was ratified by Indonesia. Furthermore, several targets and documents have been announced as part of Indonesia's commitment to reducing carbon emissions. In the Enhance National Determined Contribution (ENDC) document submitted by the Government in September 2022, the target is to become an emission-free country in 2060 or sooner, with an emission reduction of 31.89% with its own efforts and a target of 43.20% with international support. L There are several sectors that are a priority in reducing greenhouse gas emissions, one of which is the energy sector. The research aims to see how the application of net zero emissions, specifically in the oil and gas industry as one of the energy sub-sectors. In order to get an accurate picture of the implementation of the net zero emission policy, the author used the scenario planning framework method. Scenarios were developed from interviews with several stakeholders in the Indonesian oil and gas industry. In addition, several analyses, both external and internal, were carried out to support scenario planning. At the end there is an implementation plan built to deal with the various scenarios that will occur.
Research Article
Open Access
Green Energy Transition: Valuation and Strategy for Corporate Image Enhancement in Pt Adaro Energy Tbk
Sereno Kevas Lemuel,
Yunieta Anny Nainggolan
This study explores the implications of transitioning to renewable energy sources for PT Adaro Energy Tbk, an Indonesian energy company. The research's objectives were to assess the non-financial benefits of adopting green energy, evaluate the company's financial performance, and derive its intrinsic value using Free Cash Flow to Firm (FCFF), Price to Earnings Ratio, and EV/EBITDA. The findings suggest that renewable energy incorporation could significantly enhance PT Adaro's non-financial value, promoting corporate responsibility and fostering improved stakeholder relationships. Despite the shift towards green energy, PT Adaro demonstrated strong financial performance and appeared undervalued based on its intrinsic value calculations. The study concluded with recommendations for PT Adaro to leverage its green initiatives for corporate image enhancement, engage stakeholders, provide sustainability reporting, and form green partnerships. The research, while providing useful insights for similar corporations, recognized its limitations, such as dependency on publicly available data and the complexities of the renewable energy sector. Suggestions for future research included exploration of technological advancements, global trends impacting the sector, and alternative valuation methods.
Research Article
Open Access
Emergent Research of Venture Capital in Asia, a Bibliometric Review and Future Research Agenda
Faldi Haris,
Raden Aswin Rahadi
Venture Capital (VC) has become an essential source of financing for startups and emerging businesses in Asia. As such, it has attracted significant attention from scholars who seek to understand the dynamics of VC in this region. This paper provides a comprehensive review of the existing literature on VC in Asia, spanning 7 years from 2015 to 2022. Using bibliometric analysis this study reveals that emergent research of VC in Asia has focused primarily on four themes: (1) VC in emerging economies, (2) Entrepreneurship and innovation, (3) VC and International Business and (4) Sustainable finance and environmental responsibility. While there has been a significant increase in VC research in recent years, this study identifies research gaps that offer promising avenues for future research in Asia, including fintech and crowdfunding, venture capital investment strategies, venture capital and IPOs and venture capital governance. This study contributes to the growing body of literature on VC in Asia region and provides a comprehensive overview of the key emergent research themes, trends and gaps in the field. It also suggests future research directions to help advance understanding of VC in the Asian context.