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Pemasaran berbasis hubungan: kasus hubungan industri kimia dan industri perkayuan di indonesia
Get PDFIndonesia is a tropical country with abundant wood resources. It is the background for the government to enforce the growth of the national wood industry. Since the government banned log export in 1985, the national wood industry grows significantly with a peak production output of 10,050,000M3 in 1993. The wood industry growth influences output growth of chemical resin industry. Chemical resin’s market used to have monopoly market structure from 1987 until 2002, then swift to oligopoly market onward. The development of chemical resin industry was purposely to support wood industry in the same group by 1987. With the swift of market structure, it needs research with the purpose as follows (1) develops a relationship marketing model in the context of chemical resin industry towards national wood industry, (2) analyzes all factors that influence customer’s loyalty directly and or indirectly in national wood industry, (3) analyzes all dominance factors that influence customer’s loyalty in national wood industry (4) formulates implications of policy to increase market share of the chemical resin industry towards national wood industry.
The research is done towards the three types of national wood industry as follows (1) plywood and block board, (2) medium density fiberboard, (3) particle boards. The sampling method is done by census considering the 164 wood industries; meanwhile, data collection method is done with interviews guided by questionnaires. There are 105 wood industries becoming unit analysis finally. Every respondent has two up to four vendors, and these all contribute 269 questionnaires in perfect conditions. Field research is done from April 2nd until August 10th, 2018. Data is analyzed by SEM (Structural Equation Model) with AMOS (Analysis of Moment Structures) programs.
The marketing relationship model is constructed by eight latent variables as follows, perceived value, perceived quality, social bond, switching cost, trust, satisfaction, commitment, and loyalty. The data analysis is held towards model as follows (1) Overall model fit. It is to ensure that the model is a good fit. Refer to the data output; the model is a good fit with the following standards, RMSEA (Root Mean Square Error of Approximation), RMR (Root Mean Square Residual), CFI (Comparative Fit Index), and PNFI (Parsimonious Fit Index). (2) Measurement model fit. The test eliminated four indicators and accepted 60 indicators (3) Structural Model Fit. The test of structural model fit to come out with eleven accepted hypotheses and two rejected hypotheses. Refer to the structural model fit, commitment (coef 0.860 and t-value 2.851), social bond (coef 0.576 and t-value 4.648), perceived value (coef 0,339 and t-value 2,497) and switching cost (coef 0.213 and t-value 3.252) influence loyalty positively and directly. Commitment, social bond, perceived value, and the switching cost will influence loyalty directly. Loyalty is also influenced indirectly by the path line of perceived quality-satisfaction-trust-commitment-loyalty, which contributes a total effect of 0.168.
The result of field research contributes to the implication in term of 4P’s marketing mix, and another 2P’s as follows. (1) Product: Company needs to develop products with the points of differentiation. (2) Price: Price policy refers to the product quality, company’s performance as technical support and solutions, complaint handling, fairness, helpfulness, and other benefits delivered to customers. (3) Promotion: It is not suggested to place any financial incentive as a market penetration strategy, for instance: a price discount, a long-term payment, and any other incentives. These kinds of promotions will not affect customer’s loyalty. Promotion is just for a free laboratory sample test. (4) Place: Refers to the reliability and responsiveness indicators, customers concern with quick response in term of complaint, delivery, and solve a technical problem. Ideally, chemical resin plant is located nearby market concentration. (5) People: Perceived quality reflects the capability of a team and proceeded assurance. Necessarily company must develop human capital and especially relationship development skill and especially a social bond skill. (6) Process: Company must ensure to establish a simple system, facility, and method in responding to the customer’s need include as logistic facility back up. Refer to the research’s result, both direct and indirect factors influence the success of the relationship marketing between chemical resin industry towards the national wood industry. Commitment is the most potential variable whose direct and positive influence toward loyalty. Meanwhile the path line of perceived quality-satisfaction- trust-commitment-loyalty as indirect variables whose influence loyalty together. Commitment is the primary variable to the loyalty
Analisis faktor-faktor yang memengaruhi non performing financing di pt taf dan pengendaliannya
Get PDFPT TAF is one of the multifinance companies in Indonesia. The increase in low segment sales from 2013-2017 with a high credit amount led to an increase in the quality of PT TAF's receivables categorized as Non Performing Financing (NPF). This increase in NPF was also accompanied by an increase in PT TAF's net loss in 2017 and affected the company's profits. Therefore an analysis is needed to find out the factors that influenced the amount of credit and NPF, so that a management strategy can be formulated. This study uses secondary data of PT TAF’s debtors related to the amount of credit, debtor delays and NPF from 2013 to 2017. The approach of this study is a case study in PT TAF about the level of Non Performing Financing from 2013 -2017. The method used in this study is descriptive analysis and statistical tests. Multiple linear regressions are performed to determine the factors that influence the amount of credit, while logistic regression is carried out to determine the factors that influence NPF and bucket collectability. The results of the analysis will be used to formulate a strategy for controlling NPF at PT TAF. Factors that significantly influence the amount of the credit are vehicle price, age, loan interest, installment amount, income, down payment, type of first installment, type of vehicle, education, gender, credit package, and credit tenor. Factors that significantly influence NPF are the amount of credit, LTV, inflation , the residence of the debtor at Java area and Sumatera area. Factors that significantly influence bucket collectability are the amount of credit, LTV, inflation , and the residence of the debtor at Sumatera area. The proposed strategy formulations are: to consider factors in vehicle price, age, interest, installment, income, down payment, type of first installment, type of vehicle, education, gender, credit package, tenor and area of debtor in granting credit, to increase the debtor portfolio with LTV less than or equal to 80%, avoid low down payment and long tenor financing products, strengthen collection organizational structures and increase team collection capabilities, and utilize the Financial Information Service System from OJK to obtain information about the prospective debtor's credit history
Pengaruh motivasi dan kepuasan kerja terhadap komitmen perubahan pegawai kementrian bumn
Get PDFThe Ministry of State-Owned Enterprises as one of the Government agencies that have a strategic role as a builder of State-Owned Enterprises strive to make changes to the form of organization reform of the bureaucracy and Organization Transformation towards Superholding Company. This is due to the existence of internal and external factors of the Ministry of State-Owned Enterprises. Organizational change certainly requires the support and the role of the whole employees. This research focuses on the behavior of the micro things employees can support the success of organizational change, namely the commitment to change.
There are two factors that affect the commitment of employees changes, external and internal factors. In this study is focused to know the influence of internal factors namely employee motivation and job satisfaction against the commitment of the Ministry of State-Owned Enterprises employee changes. This research aims to find out whether the motivation and job satisfaction affects the commitment to change, as well as provide strategies to increase commitment to success employee changes to organizational changes. Research done by spreading the questionnaire against 177 respondents, in-depth interviews with management and Focus Group Disccussion (FGD) and representatives of the employees of each division.
Based on the results of the analysis of SEM can be known that motivation effect significantly to job satisfaction. But motivation have no effect against the signikan commitment to change. Job satisfaction effect significantly to commitment to change. In qualitative result, it is more due to the change of commitment form in employees of the Ministry of State-Owned Enterprises in General is a normative commitment and the commitment of the konstinuans, where employees feel ' obliged ' to support organizational change, not take the role of affective to make changes to the organization.
Strategies to enhance the commitment of the employees of the State-Owned Enterprises Ministry changes to support reform of the Bureaucracy and the transformation of the organization i.e. enhance employee motivation that effect to enhancement of job satisfaction and commitment to change. Management needs to create a program to increase employee motivation towards change so that employee attitudes toward change become positive and active. Sense of urgency associated reform of the bureaucracy and the transformation of the organization not only due to the existence of reward in the form of increase in allowances, create a culture change in the organization with the change agents who play an active role in each division, the management of the Ministry of State-Owned Enterprises make career management policies, systems and recognition development of employees and increased commitment and role models of leadership to carry out the policies and systems that have been created to support those changes
Relevansi kurikulum program studi komunikasi dan pengembangan masyarakat (ps kpm) dengan kesempatan kerja
Get PDFThe study program (SP) Communication and Community Development (CCD) was established in 2005 as the result of departmentalzation policy implementation in IPB, which was mandated as an institution implementing under the auspices of SKPM Departemen the field of social sciences and creating across-science dialectic through the formulation and development which enable graduates to be more adaptable with various field of work in general, the curriculum compiled by SKPM Department can be a guidance for graduates in dabbling their work undertaken, regardless of whether the field of work relevance with KPM sciences or not. Based on the graduates tracer result conducted in 2008 and 2012, over 50 percent of graduates working in irrelevance jobs with their field of study, working in private institution and incompatibilty skills obtained during their study.
The purpose of this study are as follow: (1) to identification learning outcome and profile of SP CCD graduate, (2) analyze employment opportunity that can be occupied by the SP CCD graduate; (3) to analyze the quality of the major minor (MAMI) curriculum in the education process of SP CCD; and (4) to analyze the relevance of MAMI curriculum with graduates’ employment opportunity. The study focused in observing the service quality degree of MAMI curriculum in SP CCD Undergraduate Program in graduates and employers’ perception, also to ilustrates the graduates absorbability in the job market in accordance to employment opportunity available. Data collection technique sample using the slovin method with 10 percent error degree, producing 98 respondents. Data processing tehnique using SPSS version 16, and data analyzed using SERVQUAL, IPA and descriptive.
The study result indicates identification of learning outcome and profile of PS CCD graduate become provision for graduates to be able to be active in work world and in accordance with vision of department of SKPM and IPB as well as in accordance with development of society paradigm, however employment opportunity available for SP CCD graduates as 1.3 percent of 350 vacancies through Career Development Alumni (CDA) IPB, 20 percent of 12,576 vacancies through job advertiser website JobsDB and 29 percent of 25,640 vacancies through job advertiser website JobStreet. These were assumed as consequences of IPBs’ image in the company’s point of view which was famous for agricultural sciences, the name transformation of KPM formerly PKP provides greater opportunity for graduates in choosing the work of interest. Based on Gap SERVQUAL analysis, the quality of curriculum valued as excellent according to graduates perception. However, the gap result still showing a negative value, so it is still necessary to have improvement and evaluation through these attributes. The relevance of SP CCD curriculum considered to be quite relevant, as indicated in 64 percent of graduates working in relevant jobs to their field of study and 90 percent courses contained in the curriculum used to support their work
Rancang bangun sistem pengendalian internal atas pelaporan keuangan berbasis penilaian mandiri
Get PDFResearch on internal control over financial reporting (ICOFR) emerged after the existence of the Enron case in 2002 because it was allegedly undermined by corporate governance mechanisms and a lack of board of directors' capacity to maintain the integrity of financial openness (Gordon 2002). The Indonesian government has included obligations related to the ICOFR in Law No. 1 of 2004 concerning State Treasury. However, ICOFR has not yet used independent self- control assessment.
The self assessment of the internal control system for the management of State finances has been a recommendation from the Republic of Indonesia Supreme Audit Agency for the Government of the Republic of Indonesia. In order for the self internal control assessment to be built more effectively and efficiently, then an self assessment is carried out based on information technology by implementing continuous monitoring that can provide improvements to the deficiencies that occur.
With these needs, researcher is motivated to conduct research to design an internal control system for the management of State Finances based on self assessment by utilizing information technology in the application of continuous monitoring. This research is expected to produce novelty in the form of:
1. The internal control framework that is suitable for the ICOFR system for the management of state finances in Indonesia is produced using the right methodology, which involves the views of experts in the field of internal control /audit;
2. Integration of internal control framework, monitoring, control self assessment with a system design approach;
3. Design of State’s Internal Control over Financial Reporting System Based on Self Assessment using a system design approach, which contributes significantly positively to the development of the sciences and practices related to the management of State finances.
This study analyzes the current situation regarding entity level internal control over State financial reporting. The next stage determines the ideal conceptual model through Soft System Methodology (SSM) after mapping problematic situations in the form of Rich Picture. Based on the SSM results, the proposed corrective actions were made as strategic assumptions after going through stakeholder analysis from respondents who came from stakeholders. Because there are several internal control frameworks, before designing the Self Assessment-Based Internal Control System of State Financial Management (SADARI), the appropriate internal control framework was determined using the Analytical Hierarchical Process method involving eight international certified experts in internal control / audit field. The final stage is to design an Self Assesment-Based Internal Control System of State Financial Management (SADARI) based on COSO, which was chosen as the internal control framework. Furthermore, system design is outlined in a general system design that includes elements: inputs, throughputs / processes, outputs, feedback, control, goals, and environment. Each element is designed with the design of the elements so that a more detailed picture is obtained. Particularly related to elements of throughputs / processes are also equipped with interaction diagrams, especially related to sub- systems of implementation and sub-system appraisal at SADARI. In addition, it is also designed an implementative control self assessment design and continuous monitoring design that has the ability to detect deficiencies and make corrections to errors in values on significant accounts. In the next stage verification was carried out involving international certified experts who understood the concept of ICOFR, BPK RI officials, compilers of the State Financial report, and Government Internal Supervision Apparatus. This verification is to ensure that the design of SADARI is in accordance with ICOFR requirements and the demands of the parties concerned. At the final stage validation is carried out to ensure the system is in accordance with reality. One of the validation techniques used is a testing technique for a system that involves the State Financial management practitioner and the State Financial report compiler who is a prospective user of the system. Given this SADARI design is based on information technology, it is necessary to first build a SADARI prototype application for later use in simulation.
This research has realized the SADARI prototype application in the form of a web-based computer application that can be accessed at the address https://app. sadari.now.sh. Based on the simulations carried out, the following are produced:
1. SADARI demonstrates the existence of continuous monitoring properly;
2. SADARI demonstrates how to correct misalignment / incorrect accounts / values;
3. SADARI demonstrates the existence of CSA (control self assessment);
4. SADARI demonstrates the results of an assessment of the effectiveness of internal controls which internal controls are effective, effective with exceptions, or contain material weaknesses.
5. This study resulted in COSO being chosen as an appropriate internal control framework, integrating internal control framework, monitoring, self-assessment control with a system design approach, and designing SADARI which tested its validity. This study raises managerial implications in the form of SADARI development, preparation of significant account identification standards, training on understanding major risks, risk control matrix, and ICOFR on the management of State Finance
Transisi peningkatan kinerja keuangan perusahaan pada sektor pertambangan dan pertanian
Get PDFThe global financial crisis in 2008 caused the IHSG to experience a significant decline. The decline in the IHSG affected all sectoral indices. The biggest decline was experienced by the mining and agricultural sectors. The mining and agriculture sector index declined again in 2015. The decline in commodity prices allegedly affected both sectors. The decline in company performance in times of crisis has the potential to cause bankruptcy. The bankruptcy of the company begins with the stage of the decline in financial conditions called financial distress. The topic of financial distress and turnaround has a close relationship, because turnaround success is determined by efforts to overcome problems that bring the company into financial distress.
In this study used a logistic regression calculation method (logit) which aims to get a sample of companies experiencing financial distress and companies that managed to do turnaround. One of the objectives of this research is to make a prediction model of financial performance transition from mining and agriculture subsector companies.
The results of the study show that the transition of the company's financial performance is influenced by the variable size of the company, retrenchment, the level of distress and the type of industry. The company's ability to adapt to the environment tends to be different, management skills in implementing alternative strategies in dealing with crises can determine success in improving poor performance. Comparison between the two sectors states that the agricultural sector has a transition probability of financial performance better than the mining sector. Based on the formulation of managerial implications, the alternative strategies produced consist of efficiency-oriented and entrepreneurial strategies. Companies with relatively small total assets, an increase in tangible assets, a decrease in the level of distress and industry type, can be considered by investors in investing. The government is expected to be able to oversee the planned strategic steps, including the establishment of DMO and B20 programs
Pengembangan model bisnis koperasi serba usaha pinto jaya
Get PDFKoperasi in its development as a business entity still faces various issues that causes a lot of cooperative to be inactive and broke up. One of the cooperative that is still actively operating is KSU Pinto Jaya which established on 2011. And this became a challenge for KSU Pinto Jaya which focused solely on savings and loan to analyze business strategy so that it will be a developed and sustainable cooperative that could provide welfare for its members. The aim of this research is: (1) to identify business model that KSU Pinto Jaya run using business model canvas. (2) to identify strength, weakness, opportunity, and threat that belongs to KSU Pinto Jaya. (3) to design new business model that can be utilized as a developing strategy for KSU Pinto Jaya in the future. This research is using descriptive qualitative method through the approach of primary data and secondary data. This research is using business model canvas approach. This approach is guided by questionnaires and interviews that is directed to respondents about nine key elements that belongs to business model canvas of KSU Pinto Jaya and SWOT analysis to all business canvas model elements. Aside from that, this research is also using Focus Group Discussion (FGD) method and analyzing Blue Ocean Strategy (BOS) which will be combined to decide BMC in the future and the developing strategy for KSU Pinto Jaya. Research results showed that current elements of business model of KSU Pinto Jaya is known from the customer segment belonged to employees of PT. Chingluh, UMKM, and members. Value proposition that is being offered are savings and loan with an adjustable payment system and tenor time, location that is close to PT. Chingluh, low interest and fees, and a speedy, certain, and convenient service. SWOT analysis showed that repairs on business model is emphasized on increased application information technology management system. This repair can be applied by the cooperative in short term. Further business model is done by Blue Ocean Strategy method which refers to SWOT analysis. This research offers two business model plannings based kn Blue Ocean Strategy that can be utilized by KSU Pinto Jaya to develop their business in the future, which are increasing acceptance for credits and loans for purchasing electronic appliances and vehicles, and the formation of trading businesses. And so in conclusion the development strategy for KSU Pinto Jaya are: (1) fixing the company data management utilizing information technology. (2) developing credit product for purchases, and (3) developing new business unit (trading unit / sales of consumed products)
Dampak faktor eksternal dan internal terhadap effective tax rate perusahaan sektor infrastruktur, utilitas dan transportasi di bursa efek indonesia
Get PDFThe Indonesian Government collects taxes from its citizens to fund State Budget (APBN). On average, contribution of tax revenue to the State Budget within the period of 2010-2015 was 71 percent. The figure exemplifies significant contribution of tax revenue to the sustainability of governance and development in Indonesia. Previous literature suggest that corporate external and internal factors have influence for corporate tax payment and effective tax rate. However, there have been lack of empirical evidence in Indonesia.
The objectives of this research are: (1) to analyse the growth of corporate effective tax rate (ETR); (2) to analyse factors that have influence on corporate financial performance through a model of effective tax rate from the infrastructure, utility and transportation sector (IUT) in the Indonesian Stock Exchange (Bursa Efek Indonesia/BEI); and (3) to analyse the impact of corporate external and internal factors to the tax payment and effective tax rate from the infrastructure, utility and transportation sector (IUT) in the Indonesian Stock Exchange (BEI). Selected companies generated profits in the period 2010 – 2015. The research uses econometric model which formulized through a series of stages namely specification model, identification model, estimation model, validation model and simulation model. The model consists of 20 equations, 7 structural equations and 13 identity equations. The model was estimated using a 2 SLS (two stage least square) method. Data analysis uses SAS/ETS version 9.4 program. Model validation and simulation utilizes Siedel method.
Results show: (1) IUT companies in the BEI are relatively comply in terms of paying taxes, it can be seen from the average ETR of IUT sector that is not significanly different with the other sector in BEI; (2) the effective tax rate model was constructed from the equations of sales, TC (total cost), DA (depreciation and amortization), AT (fixed asset), AL (current asset), debt (DEBT), and INT (interest expense); and (3) The validation of the effective tax rate model concludes that this model was valid, thus represent the natural environment; and the followings are the results of the tax revenue simulation model (a) the increase in tax rate affects increase in tax and ETR; (b) the decrease in tax rate affects decrease in tax and ETR; (c) the decrease in Central Bank (BI) interest rate affects decrease in both tax and ETR; (d) the increase in GDP affects increase in tax and ETS; (e) the increase in inflation affects increase in tax and ETR; (f) the depreciation of IDR (Indonesian rupiah) exchange rate affects increase in tax and ETR; (g) equity increases have an impact on tax increases and ETR; (h) HPPBUA decreases have an impact on tax increases and ETR; (i) The simulation scenario of IDR exchange rate depreciation combination or the increse of tax rate with increasing EQ or the use of HPPBUA have the highest impact on the increase of financial performance, tax payment and ETR.
The following are the managerial implication for corporate: (1) the ETR in IUT Sector is not significantly different from the JSE average ETR, that is why maintaining the existing tax payment policy and the ETR rate or tax planing is already an appropriate thing to do, (2) SIZE variable, GB, PC, DA, HPPBUA, EQ, SALES, DEBT dan BIR are having impacts on the corporate financial performance, so it is recomended to expand the business network, perform a merger/ acquisition, efficiency, and finding a low budget financing on IUT Sector; and (3) to increase the corporate financial performance as the IDR exchange rate are being depreciated or the government is raising the tax rate that is when the corporate is sugested to do EQ enhancing or to do HPPBUA efficiency.
The following are the managerial implication for government: (1) the ETR in IUT Sector is not significantly different from the JSE average ETR, that is why the government should maintaining the existing tax policy or regulacy and encourage corporates to put their name on JSE list supported by administration convenience; (2) SIZE Variable, GB, PC, DA, HPPBUA, EQ, SALES, DEBT and BIR are having impacts on corporate financial performance. To increase the corporate financial performance it is strongly suggested for the government to make tax policy or regulation that is able to push corporates to do size upgrade, perform a merger/ acquisition, efficiency, and finding a low budget financing on IUT Sector; and (3) to increase their tax payment and corporate ETR, as the IDR exchange rate are being depreciated or the government is raising the tax rate that is when the government is sugested to encourage and to facilitate the corporates to do EQ enhancing or to do HPPBUA efficiency.
These followings are the recommendations for future studies: (1) should consider to focus on companies not listed in the BEI; (2) should explore to use samples from selected IUT sector companies from particular sub-sector; and (3) should add certain State Budget macroeconomic assumptions such as the oil price and oil and gas lifting in model
Penyusunan balanced scorecard pada pt cipta paramula sejati
Get PDFPT Cipta Paramula Sejati is one of the companies engaged in building management in Jakarta. PT Cipta Paramula Sejati manages the rental of buildings and office space in the Jakarta Design Center Building. Jakarta Design Center (JDC) is a mall that has three types of businesses related to building space rental. Every company will be faced with various problems, both from within the company (internal) and problems from outside the company (external). This study aims to analyze internal factors and external factors that affect the company, analyze strategic objectives and key performance indicators (KPI), and to develop performance measurement methods for at PT Cipta Paramula Sejati based on Balanced Scorecard concept.
This study uses a descriptive method approach through in-depth interviews with purposive sampling and observation methods. The data used are primary data and secondary data. Primary data is obtained directly from respondents through interviews and observations on several key informants who have been selected purposively. The number of respondents consists of 4 Senior Managers and 1 Senior Section Head. Secondary data is obtained in the form of archives, company report data, journals and the internet. The analytical method used is descriptive analysis using SWOT matrix analysis (Strengths, Weaknesses, Opportunities, Threats) and Balanced Scorecard (BSC). The results obtained were eight internal conditions and four external factors that influenced the company, obtained twelve target strategies and fourteen key performance indicators, and also obtained a performance measurement design based on the BSC concept.
Based on the research results obtained internal strategic factors, namely: strategic Jakarta design center (JDC) location, JDC's brand image that has been trusted, JDC liquid financial, high employee loyalty, the only company engaged in architecture / designers, manufacturers and customer, there is no company and individual performance appraisal system (KPI), limited program, training of human resources (HR), physical building that is old. External strategic factors, namely: the high growth prospects of property development in Indonesia, the characteristics of Indonesia's consumer society, the rapid development of information technology, high levels of competition. Based on the BSC approach, the strategic objectives produced are: 1). Financial perspective, namely: enhancement financial position, growth in profitability, and enhancement asset turnover. KPI is Gross Profit Margin (GPM), Return On Investments (ROI) and Net Profit Margin (NPM), Return On Assets (ROA); 2). Customer perspectives, namely: customer satisfaction, customer loyalty, and enhancement of the company's Brand Image. KPI is a customer satisfaction index, customer loyalty rating, and brand image; 3). Internal business process perspective, namely: enhancement service quality, optimizing effective room operations, and enhancement promotional and innovative activities. KPI is the number of customer complaints, the amount of space rented, and the number of annual marketing programs; 4). Learning and growth perspectives, namely: enhancement employee commitment and loyalty, enhancement employee quality and capability, and optimizing the use of technology to support the company's operations. KPI is the level of employee's personal satisfaction and employee attendance, employee productivity, and the number of visitors who visit the company's website. Based on the results of the BSC compilation of PT Cipta Paramula Sejati, the weighting for each BSC perspective was as follows: financial perspective of 27.78 percent, customer perspective of 27.78 percent, internal business perspective of 25 percent, and learning and growth perspective of 19.44 percent. Simple BSC simulations carried out on KPI obtained by unattainable KPI are ROI, NPM, the number of annual marketing programs, and the number of visitors who visit the company's website.
Balanced Scorecard (BSC) can be applied to various types of companies, both companies that have a small business scale, companies that focus on profit, franchise companies, and educational institutions, even BSC can also be applied at the company division level. The application of the BSC concept in each company organization is adjusted to the conditions and characteristics of each company. The difference of this study to the previous BSC research was the company that became the object of research and the performance measure in the four BSC perspectives used. The object used in this study is a company that manages the rental of buildings for offices, shopping centers, and seminars, where no previous research has conducted BSC compilation research on the company. Subsequent research is expected to develop the use of BSC for performance measurement in various fields
Pengaruh manajemen modal kerja terhadap profitabilitas pada perusahaan properti dan real estate
Get PDFEfficient working capital management is a tool to maintain company business competencies so that companies can increase their profitability. During 2013-2017, the increase in net profit of property companies in Indonesia was accompanied by an increase in the cash conversion cycle and net working capital ratio which indicated that performance was increasing but not in cash flow and management of working capital was not productive. The purpose of the study was to determine the significant effect of working capital management on profitability and which working capital element has the dominant effect.
The sample used in this study were 29 property and real estate sub-sector companies listed on the Indonesia Stock Exchange (BEI) in 2013 to 2017 which had complete financial statement data and did not have a negative cash conversion cycle value. This study uses a descriptive approach and a panel data regression model using secondary data. Descriptive analysis is used to provide an overview or description of the variables studied, namely working capital management, internal and external variables of property and real estate companies listed on the Stock Exchange during the period 2013 to 2017. While the panel data regression model approach in this study was used to analyze the effect of capital management work, internal and external factors of the company to the profitability of property and real estate companies. Software eviews version 8 is used to analyze the regression model in this study.
The results show that the cash conversion cycle (CCC) has a significant negative effect on OPM, ROA and ROE, current asset to total assets ratio (CATAR) has a significant positive effect on ROA and ROE, current liabilities to total assets ratio (CLTAR) have a positive effect significant to OPM and debts to total asset ratio (DTA) have a significant negative effect on OPM and ROA. While CLTAR has the most dominant effect on OPM because it has the highest estimation coefficient among others and the company is more aggressive in implementing its working capital policy to achieve higher operating profit