Journal of Business and Management
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Determining Key Performance Indicators: Case Study at School of Business and Management ITB
Get PDFAbstract- Organization is known as the most important and basic function of management. School of Business and Management, Institut Teknologi Bandung (SBM-ITB), is one of the most well known business and management school in the country. Today in Indonesia, the competition between different business schools has become tighter over the years. The research objective is to determine a set of alternatives of Key Performance Indicators (KPIs) for SBM-ITB since SBM-ITB currently does not have a proper system to deliver incentives for the employees, a system to develop their employees, and a system to develop their employee competencies/career. Hence a proper performance appraisal system is required to create the system. In order to create performance appraisal system, certain factors must be determined. The method use to determine the Key Performance Indicator is the steps in improving Key Performance Appraisal System, narrative analysis, and conceptual framework on determining Quantitative KPIs. The sample consists of fourteen professional staff (non-academic staff) of SBM-ITB representing their different units/division. The result of this research shows the Key Performance Appraisal for fourteen professional staffs after merging their Job Profile, ISO, RENSTRA, and conducting an interview. The result of this research is the recommended example or alternative of KPIs that can be used by SBM-ITB in determining their employee KPIs in the future, which is aim to increase the performance of their employees. The recommendation for this research is to improve and update their current job description, ISO, and RENSTRA and to further expand the KPIs for other staff in SBM-ITB. Â Keywords: key performance indicator, SBM-ITB, organizatio
A Comparative Risk Analysis of Islamic and Non Islamic Bank in Indonesia from 2004 to 2014 Using Financial Ratios
Get PDFAbstrack. The development and growth of Islamic finance in Indonesia has gone rapidly since it started in 1990. The Islamic finance has cover banking industry, made Islamic banks and Islamic Business Unit (UUS) that is under the control of established banks. As Islamic banks got stronger in the market, it concluded that Islamic Banks have to compete against conventional banks and other type of bank in Indonesia. Therefore, this study analyzed the financial performance of Islamic or Sharia banks, compared with conventional banks in Indonesia. This study will focus on risk ratio of Islamic banks and conventional banks. This study study 78 (observation) islamic banks, 232 Islamic Business Unit (UUS) and 1227Non Islamic Banks in Indonesia during 2004-2014 with risk ratios, which are Deposits to Assets (DTA), Equity Multiplier (EM), Equity to Deposts (ETD), Total Liabilities to Equity (TLE), Total Liabilities to Shareholder Capital (TLSC), and Retained Earnings to Assets (RETA). The data collected are secondary data which obtained from Otoritas Jasa Keuangan (OJK), include the income statement, balance sheet, statement of change in stockholders’ equity, and statement of cash flows. The findings shows there are differences between eight ratios that are used for the study. Findings from the calculation in previous chapter shows that Islamic Banks are statistically less risky than Non Islamic Banks, especially from 2004-2008, 2012 and 2014, based on the mean and median results. The results happen because of the change in risk components within the studied banks through years. Plus, there are also few changes in number of banks included in the calculation in 2009-2011 and 2013, that cause a difference from other studied years. Keywords: Islamic bank, Risk, Ratio Analysi
Is BI Rate Effective?: An Investigation of Taylor Rule Application in Indonesia
Get PDFAbstract.This research examines the effect BI rate towards the economic condition of Indonesia, measured by various variables using the Taylor Rule methods. This study has a purpose to measure the effect of BI rate to the Indonesian economics to see the effectiveness of BI rate towards Indonesian Economics. Considering the fluctuating Indonesian economics, the research seems necessary. The methodology used on the paper will be VAR (Vector Auto Regression). The type of VAR used will be determined in the paper based on the type of the data through various tests. This paper concludes with a discussion of recommendation, and the limitations of the research. Some researcher and economic watchers have considered that BI rate ineffective because of various reasons. The results was BI rate is not significantly affect other variables in Taylor Rule and some variables like Inflation are the one significantly affect other variables.Keywords: BI rate, economics, inflation rate, Gross Domestic Product, Taylor Rul
Relation Between Crude Oil and Indonesia Stock Market
No full textAbstract. The surge in crude oil price in the course of a recent year has created lots of interest for the relationship between crude oil price and the stock market. In recent year, crude oil price had significant move in the world. Crude oil price decreases to lower price in the history. This situation makes the company get significant impact especially for Energy Company and Production Company that used crude oil for primary material that will affect stock value of the company. The little move in crude oil price will give move in country stock market performance. That movement makes some impact in the Indonesia stock market that their stock has unpredicted move in the Indonesia stock market. The movement of crude oil price will affect movement stock market get negative or positive impact. It will make investor and internal management make some policy to move in Indonesia stock market based on analysis of the relation between crude oil price and the stock market. The researcher propose of this study to know how far dynamic relation between crude oil price and stock market in emerging market like Indonesia. This research will give comprehensive study about the relation between oil price and stock market for large scope research. the investor can make this research can be used in make decision making to invest in Indonesia The data about IHSG and stock price will gather from Yahoo Finance and crude oil price will be gather from Bloomberg Website. The range time period of data is from January 2008 to April 2016. The methodology of this study is use unit root test, Johansen’s cointegration test, vector error correction model (VECM), Granger causality test, impulse response functions (IRFs) and variance decompositions (VDCs) to looking relation between crude oil price and Indonesia Stock Market. The result of these studies is there a not relationship between crude oil price and Indonesia Stock market in a long-term relationship. This result will give insight to future research about relation oil price and stock market and give one subject to investor in make decision to invest in Indonesia  Keyword: Crude oil price, Stock Market, Long-term relationship, Indonesi
Improving Employer Attractiveness of Salon MOZ5 Bandung through Employer Branding
Get PDFAbstract—Nowadays companies have to compete with their competitors, not only on products or services, but also on attracting employees. During the last couple of years, competition concerning attracting, recruiting, and retaining the best possible skilled employees has increased significantly. Without the right applicants, organizations are not able to develop the level of competitive advantage needed to compete in an unstable economy. As a consequence of those, companies are increasingly trying to make themselves as attractive employers on the labor market. One way to attract recruits and assure the current employees are engaged in the culture and the strategy of the firm is employer branding. In salon industry like Salon Moz5 Bandung, the need for professional employees is very important to satisfy customers.Because It affects the revenue of the salon.However, in February 2016, the revenue of Salon Moz5 Bandung decreased drastically. The capacity of the salon is not enough with the number of customers. It was because of the lack of applicants applying for jobs in the salon. One thing that can make applicants apply in a company is employer branding. It is important to know what factors attracts new employees and then make it as employer branding. The researcher is interested to analyze the effects of the location, corporate image, corporate social responsibility, task, and flexibility in working to employee attractiveness. The research is conducted to test several hypotheses which are; is there a significant effect of location, corporate image, corporate social responsibility, task, and flexibility in working to employer attractiveness and how to increase the number of applicants applying for jobs at Salon Moz5 Bandung. The analysis technique used in this research is the multiple linear regression. The respondents are 74 students of SMK N 9 Bandung majoring skin and hair care in 3rd years and alumnus who just graduated in 2016. The result of the analysis shows that the only factor that has a significant effect on employer attractiveness is corporate image. This research recommends to Salon Moz5 Bandung’s owner to make a more well known corporate image, create a brand ambassador program, and socialize about Salon Moz5 Bandung to schools so the number of applicants will increase.Keywords—location, corporate image, corporate social responsibility, task, flexibility in working, employer attractivenss, salo
Customer Insight Towards Start-Up Business OF the Early Three Months Period with SWOT and Marketing Mix of 4PS Tools: A Case Study OF Pippi Petite Company
Get PDFAbstract -PIPPI PETITE is one of start-up business in F&B sector which sells panna cotta (dessert) that was established in 2014. To keep sustainable with its competitor, PIPPI PETITE needs to develop its business. PIPPI PETITE has to be able to perceive what the customer wants and also the problems being faced by customer regarding PIPPI PETITE, both are needed to boost the company performance and eventually to reach zero complaints from PIPPI PETITE customer.This research is also formed to know what kind of program development that suits PIPPI PETITE. To reach the conclusion of this research, SWOT (Strength, Weakness, Opportunity and Threat) of PIPPI PETITE is implemented based on the customer insight. Customer insight are being used to identify what the they want and what they thought as a problem of PIPPI PETITE in order to increase the company performance. By giving appropriate solution to the problems that were being faced by PIPPI PETITE based on the customer insight, hopefully customer can feel satisfied towards the product and service that were being provided by PIPPI PETITE so that PIPPI PETITE could develop its business in a better way. This customer insight research resulted in operational problem. PIPPI PETITE was considered unable to reach the coverage area as promised. This was caused by the limited service capacity in the delivery service. Aside of that, customer also felt that the product availability of PIPPI PETITE is not yet stable so there comes complains from product availability. Product availability was caused by the limited production capability of the current kitchen owned by PIPPI PETITE. Based on the analysis conducted in both operational problems, can be concluded that PIPPI PETITE needs to add distribution channel (consignment) in area that is considered unreachable currently by the delivery service. Another solution for the operational management is to maximize the kitchen function and the product storaging so that the number of production reaches the customer’s desire. Keyword: Marketing Research, Consumer Insight, Business Developmen
Right Issue and Dilution Matters in Banking Equity Market: Study of PT Bank Mandiri (Persero) Tbk
No full textAbstract. Banking industry has specific regulation on their capital requirements according to Basel Accord agreements that bank must keep their amount of capital balanced with the total risk assets in lots of requirement criteria especially Capital Adequacy Ratio (CAR). In order to fulfil this requirement, the only way banks could raise fund with capital is Initial Public Offering (IPO) for the unlisted company and Right Issue for listed company. Since PT. Bank Mandiri (Persero) Tbk, is the biggest assets bank in the country, the only way to rise this source funding is right issue if they want to maintain their amount of capital. Right issue is preemptive right for the investor to keep their ownership percentage to prevent it from share dilution as the company raised more shares to the market. However, not everyone is aware of the possibly wealth dilution as the rising amount of shares sold at the lower price where at this research commonly called “value dilutionâ€. The research objective is to determine how variables in right issue are interacting, Bank Mandiri’s value of right issue and the value dilution as well (with comparison with similar industry at the same year), value dilution  factors that determine value dilution of right issue decisions, also the forecast of future right issue on Bank Mandiri’s plan in 2018. Theoretical right price and theoretical ex-right price have been used as the base of formula and calculation in the research developed with simulation of various number of independent variable such as subscription price and exchange ratio to find result in the correlation of these variables to the value dilution. Also, forecast of following Bank Mandiri’s right issue in 2018 used the same formula but through different process where the current price in the future has to be estimated first and the number of issued share has to be determine to forecast the possibly value dilution and choose the best combination of subscription price and exchange ratio. Findings on this research reveal that Bank Mandiri has the highest right value and total wealth value dilution among the other similar industry company that done the similar corporate action at the same year (2011, compared with Bank Bukopin, Bank Danamon, and Bank QNB) while the share exchange ratio (N) is determining factor for the value dilution as the new share calculation in fraction result will affect the existence of value dilution. If the N resulting fraction number of new shares, subscription price will make the bigger value dilution as it going lower than the current market share. However, despite of value dilution increase it makes the right value increasing as well. Recommendation of following right issue in 2018 for Bank Mandiri is they can set the price of the subscription price between Rp8,562 to Rp17,425 per share if assumed they raise the amount of new share same as the right issue before in 2011 where they issued 2.336 billion of shares (so the N would be 9.889). However if company decided not to raise the amount of share same as previous right issue, company can issue 1,538,461,538 shares (with ratio 100 for 1501 shares) with the subscription price in Rp13,000. Keywords: Right issue, Bank Mandiri, BMRI, Theoretical Right Price, Theoretical Ex-Right Price
Analyzing the Relationship Between Transformational and Transactional Leadership Style on Employee Performance in Direktorat Jenderal Pajak Jawa Barat I
No full textAbstract. In this century, the business worlds become more competitive. Both private and public organization should be able to organize and process all of the resources effectively and efficiently to get optimum performance (Hasibuan, 2004). Douglas (1996) explained that a company needs employees who has high performance, so it can help company to achieve its goals. In private company such as PT. TX Bandung, maximum employee performance is needed because it can help company to be develop. One of the factors that can motivate employees and increase their performance is the leadership style of the leader. Organization needs a leader who is capable to get their vision and mission together. Researcher interested to analyze the relationship between transformational and transactional leadership, which have impact to the employee performance. The objective of this research is to find the relationship between transformational and transactional to employee performance and to find the significant relationship between those variables. The result of the analysis shows that transformational and transactional leadership style has positive relationship to the employee performance. Transformational and transactional leadership also has significant effect to employee performance, either partially or concurrently. This study recommends that leader in the office have to increase their attitude in encouraged, motivated, gives supports and recognition, and providing rewards to the subordinates. Thus, employees are expected to become more optimal in performing the jobs. Keywords: Transformational Leadership, Transactional Leadership, Employee Performanc
Factors Influencing Voting Intention for Indonesian People Representative Council Election 2019: The Case of First Voter in Bandung
Get PDFAbstract. This study measures the eight factors adopted from Newman and Sheth\u27s model (1985) that will influence voting behavior intentions in 2019 Indonesian people representative council election, given the moderating effect of the media to strengthen the influence of the eight factors to the voting behavior intentions. A final total of 267 first voters in Bandung that participated in the 2014 Indonesian people representative council election were surveyed using a questionnaire, and the sample from population is taken using a convenience sampling method. Binary logistic regression analysis was performed to test the influences among the research variables. The result of this survey indicated that the proposed factors adopted from Newman and Sheth\u27s model (1985) as the independent variables did not provide a significant impact on first voter’s intention in Bandung for 2019 Indonesian people\u27s representative council election. The object of first voters has a very distinctive characteristics compared with the general voters in the previous research that formed the hypotheses of this study because of the difference in knowledge and information about election, so the research is expected to open new horizons for further research to examine other factors that can influence first voters. The findings will be a beneficial for political parties to ensure the regeneration of political parties and the provision of political education to young generation. Keywords: Voter’s Behavioral Intention, Political Party, First Voter
Comparative Analysis of Pre Roll Advertising On Youtube using AIDMA
No full textAbstract - Based on research conducted by Nielsen to Youtube in 2013, visitors to YouTube now reached more than 1 billion visitors per month worldwide. Youtube is now ranked as the fourth most visited site in the world in Indonesia. The high Youtube’s visitor traffic in Indonesia became a magnet for companies to advertise on the site Youtube. There’s a lot of company that invest their money to advertise their brand using Youtube as the media. The most familiar kind of advertising in Youtube is pre-roll ads which has two kinds, skippable and non skippable pre roll ads. Even though a lot of people got annoyed with this form of ads, YouTube still keep it exists. It means that, this form of advertisement still gave an impact to the brand or product. This problem will be analyzed by measuring and comparing the effectiveness between skippable and non skippable pre roll ads on Youtube using AIDMA and also by collecting behavioural substance of netizen in Bandung. Each of the phases will be measured and will be compared to find which form is more effective. Research is conducted using qualitative and quantitative research. For qualitative, researcher conduct interview to figure the substance behavior pattern of netizen in Bandung. For quantitative research, questionnaire is distributed to 200 respondents with a pre test conducted to 30 respondents. Questionnaire is distributed to netizen in Bandung who have ever access YouTube and ever found pre roll ads while accessing YouTube. There are two types of data analysis, which is descriptive and comparative analysis. All of analysis is processed using SPSS. Indicators used in the questionnaire is proven valid and reliable. Finally, the effectiveness of both pre roll ads can be analyzed by every phase of AIDMA. Over all, skippable pre roll ads is more effective than non skippable pre roll ads. One of the reason is because skippable pre roll ads involve viewers to watch the ads even though only for the first five seconds but it could make viewers easier to recognize and remember the brand that appear on pre roll ads. From the result we also know that people tend to watch the ads while waiting to skip on the skippable pre roll ads, and people tend to ignore the ads when they found non skippable pre roll ads.  Keywords : Pre Roll Advertising, YouTube, online advertising, AIDMA, skippable and non skippable ads