The Indonesian Journal of Business Administration
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Knowledge Management Implementation to Improve Branch Key Performance (Case Study in Sharia Bank of XYZ Branch)
No full textAbstract.The purpose – this research is focusing on the formulation of the appropriate KM program which can be used and implemented by the branch on its daily branch operation in order to improve branch key performance with the case study in Sharia Bank of XYZ Branch.Business Issue – the declining of branch key performance in the year of of 2013 compared to the previous years, and this condition urgently need to be noticed by the management as well as overall staff, so the performances on the following years will be better.Design/methodology/approach – the methods which is used in this research is quantitative research, with using the Descriptive Statistic method to collect data and present it in the form of tables, diagrams, etc. The data collection approaches in this research are through: 1. Interview process to the branch management in order to gain broader perspective and to find out the main cause of the research problem. 2. The questionnaire process to all employees in the branch and it’s used as a tool to collect and record information related with the current and expectation condition of knowledge management implementation in the Sharia Bank of XYZ branch.Findings – the research found that by analyzing the branch current condition of KM implementation for variable of people, process and technology, branch is still lacking in the critical dimension on each variables which were contributed to the declining of branch key performance. The appropriate KM formulation were produced in this research (by using “the Five Steps Knowledge Management Implementation†concept from Garfield), in accordance with the branch conditions with the KM Objectives emphasizing on the increasing of KM awareness, employee competencies and branch knowledge sharing.Keywords – Islamic banking, Sharia Branch, KPI, KM Program, KM Implementation.  Â
Performance and Maintenance Improvement of UG Electrical Equipment PT. Freeport Indonesia
No full textAbstract. Operation movement from Grasberg to Underground requiring UG Electrical, as the sole electrical maintenances and services provider in underground area, to develop the best maintenance plan to improve effectiveness and efficiencies in performing both maintenances and services activity as there would be expansion in working area and additional equipment to be maintained. Business process reengineering approach is taken as guide in developing methodology to rectify and improve current problem in maintenances and services activity. Current situation analysis is done to describing and analyzing the current (as-is) process map, current symptoms and root cause problem, and resources and capability assessment. Desired target is described by analyzing customer needs and determining performance indicator to achieve it.The results of current versus desired target in performance will be used to analyze performance gap for each performance indicator and inhibitors that causing gap in performance. Development of adequate KPI is proposed in order to rectify gap in performance. New internal business process of maintenances and services also will be developed as activity guidance for all functional teams to achieve desired KPI. . Options in data acquisition, namely SAP, SCADA (equipment telemetry), and shift activity report are considered in order to provide adequate information in KPI’s dashboard development. Keywords: Maintenance plan, performance gap, business process, KPI, dashboard
Implementation of Change Management in Store X
No full textAbstract - The author doing the implementation management changes directly to the Store "X" located in Sukabumi, the company has been moving in this industry for 24 years. Changes that will be conducted the company namely, transformation that includes leadership, strategy, structure and culture and have the nature of revolutionary. If the, encounter of failure will lead to shocks in the company, so that the necessary the application of changes management in to manage them. This research describes how to perform the transformation and handling of resistance that will arise in making changes. The model used is Prosci's Change Management Process and The ADKAR model, because this model overall will guide agents of change in determining the stages of will be conduct in the process of change management. In the implementing the change, the process will be divided into two stages, the first stage is the introduction formulation of business requirements and designing concepts, the next is the second stage namely to apply and implementing. The Company has conducted a survey of its employees, amounting to 20 people. The results of the survey showed the awareness and the desire to make a change with the value of 3,35 and has a sufficient understanding of the changes with the value of 3,25. This change program will be succeed with attention to other factors like a planning and strategic namely, the implementation process and application the program of changes. The company has planned implementation of this change program during the term 18 months. Keywords : Change Management, Transformation, The ADKAR Model, Implementatio
Proposed Business Strategy And Its Implementation For Moslem Fashion Wear Ragazza
No full textAbstract—Ragazza is a local brand in Indonesia, which serves customers with the products of Muslim women's clothing that is unique and also stylish. Along with the development of Muslim clothing industry as well as technology, the demand and revenue also increased for Ragazza. However, from the results of the analysis show that the performance of Ragazza not so good. Without a good strategy formulation causes Ragazza has unstable income and can’t meet the demand well. Strategy formulation process is done with the external and internal environment analysis to identify existing opportunities and threats that will be faced by Ragazza, as well as the strengths and weaknesses possessed by Ragazza that called SWOT analysis. Porter's Generic Competitive Strategy also performed to determine the focus of the strategy to be used. Blue Ocean Strategy is used to help Ragazza build an innovation strategy in this intense competition to make the competition irrelevant. Strategy Diamond helps in determining the strategy and the steps that necessary to compete in the market. Overall, this Muslim clothing market is an attractive market and has a promising growth in the future. Ragazza must take some appropriate action adapted to its capabilities. This implementation is done to improve the performance of Ragazza in order to capture the market and greater profits as well as improving the company's competitive position.Keywords: Muslim Clothing, Business Strategy, Blue Ocean Strategy, Strategy Diamon
The Study of Consumer Perception on Indonesia Rattan Furniture as the Basic Knowledge for Strategy Formulation of Rattan Furniture Business in Indonesia
No full textAbstract—The purpose of this academic journal is to study the consumer perception toward Indonesian rattan furniture as the basic knowledge for strategy formulation of rattan furniture business in Indonesia. To formulate a business strategy, a sample company XYZ Furniture is used because the company has the condition that correlates with the business problems. The variables of research including product, brand equity, consumer knowledge and purchase intention. The study of these variables would become the basic knowledge for the strategy formulation. Keywords-component; consumer perception, strategy formulation, Indonesian rattan furniture
An Investment Analysis on Business Strategy Simulation to improve Bio Ethanol Price Competitiveness using Simple Multi Single Step Reactor Cellulose Ethanol
No full textAbstract. As the main fuel source became depleted, studying or evaluating on alternative fuel source became more serious. Ethanol as one of this alternative fuel becomes ever more feasible. PT. Pupuk Kujang smell this opportunity, by using government initiative they tried developing starch technology in Cikumpay - Purwakarta. Bearing sad tiding the starch technology had it inherit drawback one of them are Food or Fuel dilemma. This problem can be adverted by optimizing ethanol business through cellulose bio ethanol which relied on waste bio mass instead of food source. This cellulose technology still poses its own drawback which is production inefficiency, since the bio mass to ethanol conversion rate are lower than starch it required huge amount of bio mass. Down scaling the plant to a manageable level, and creating higher probability of successful conversion through plant and bio reactor portfolio, cellulose technology can be brought to a more optimal production level thus opening new windows of opportunity. Further plant operation management optimization can be achieved, through changing energy source from full bio mass to solar energy. Plotting the plant location within market place can be done through splitting the distillation process from bio reactor process. This also creates more effective transportation since one way trip is possible from the market place to distillation complex. Lowering grade produce within the reactor also increase safety and further ease plan operation. Through the right strategic approach, and acting as PT. Pupuk Kujang SBU as waste bio mass and ethanol provider, this project could be executed in field operation, without worrying of this plant inherit flaw. Through financial analysis this project passes for great investing prospect with ROI at 186% and IRR at 32%. Sensitivity test also prove that investor should be more focus on productivity than environment aspect since only 20% impairment of productivity can bring this plant to a loss condition
Business model development of PT Fajar Adhisurya Perkasa
No full textAbstract.According a report released by Indonesia’s telcommunication firms overall showed strong revenue growth, averaging 6% to 8 % in the second quarter of 2014. Much of that growth can be attribute to BTS firm’s operators success in delivering affordable mobile broadband. Significant increasing in telecommunication industry showing positive impact to PT Fajar Adhisurya Perkasa.In 2015 subscribe in Indonesia will increasing to 391 million and internet increasing from 40 million in 2015 to 178 million in 2016, and business monitor international expects there to be 441.8 million subscribe with penetration rate of 173.8%. In 2011 the Indonesia telecommunication market generated US$ 14.9 billion in service revenue but in the same time PT FASA’s revenue starting decreasing because cost structure strategy. Following the growth of the telecommunication industry, PT Fajar Adhisurya Perkasa’s revenue should be increase significantly. However the cost structures in business model show that company has negative profitability and performance. Its high interest expenses and no prototype, integrity, and low competencies cause PT Fajar Adhisurya Perkasa to suffer from deficit for two years in 2012 and 2013. To increasing its profit and sales, and also to minimize its expenses, PT Fajar Adhisurya Perkasa need to assess the current situations and revise its strategy with business model development to make more appropriate strategy in the future.The new strategy analysis formulation begins with analyzing internal and external environment to identify opportunities and threat of the BTS industry as well as the strengths and weakness of the company. Business model development in part of cost structure and value preposition with create prototype based on project will help company to faster execute project, save money and time in all aspect. The result of all analysis and strategy, company need to restructure cost from external aspect and design prototype for external and internal, applied integrity and competencies to internal’s company.PT Fajar Adhisurya Perkasa needs to consider this strategy to increase revenue, market, profit and make promising sustainable growth in the future. However the company should take urgent actions regarding its financial problem by cutting interest expenses, create prototype, increasing efficiency, and last output with business model development to improve its competitive position.Keyword: Business Model Development, create prototype, BTS IndustryÂ
Business Feasibility Study of Optical Permai Branch at Batam, Kepulauan Riau.
No full textAbstract. Batam is one of the cities with rapid economic growth. Population growth in Batam also growing rapidly because many industries that established, so many business opportunities that are open to meet the needs of residents of Batam one of which is the need of glasses. Optical Permai is one of the older players on the field, but only has 2 stores in Jakarta. The owner saw a great opportunity to open a branch in Batam. There are several aspects that are used to analyze the business idea, the legal aspects, environmental aspects, the market and marketing, human resource aspects, technical and technological aspects, aspects of risk, and financial aspects. From the conclusion on an analysis of the business feasibility of Optical Permai Batam Branch showed that the establishment of a branch in Batam feasible in legal aspects, environmental aspects, the market and marketing, human resource aspects, technical aspects and technology, and financial aspects.Key words: business feasibility study, business development, legal aspect, environmental aspect, market and marketing aspect, technical and technology aspect, risk analysis, financial aspect
Proposed Strategy and Implementation for Grand Atyasa Convention Center
No full textAbstract. Trend of beauty industry is growing rapidly in Indonesia. Now, the number of beauty clinics business have reached hundred of thousands. Other interesting fact that should be known about beauty clinic business is the majority of their customers are women. Carissa Beauty Clinic, as a new player in the industry of beauty clinic, saw a business opportunity to serve the women that are concerned about their skin and body health.The purpose of this final project is to provide suitable strategies for Carissa Beauty Clinic in corporate, business and functional level of the company in order to achieve their goals grew their business and maintain its existence. In addition to the increasing competition in the beauty clinic business, it indirectly requires any beauty clinics to have strategy that appeals to customers and provide the best service to satisfy customers. Methodology in this final project is by evaluating the external and internal environment in order to get the company’s strength, weakness, opportunity, and threat or SWOT. From the SWOT, corporate strategy can be created using TOWS matrix. The building of the TOWS matrix is supported by IFAS and EFAS table. After conducting analysis of both internal and external to the company, still many obstacles or barriers facing company such as competition is high in the beauty clinic business, replacement products that sold freely on the market, human resource are still weak, incomplete clinical infrastructure, marketing strategies are not effective, and lack of ability of the company to establish a relationship with customers.Strategy recommendation as a solution to Carissa Beauty Clinic is to improve the internal barriers faced by the company such as improve service to customers and maintain the quality of service, creating products and latest innovative treatment program, strengthening the organizational structure of the company, information technology applications for operational activities, using the media for promotional activities and information for costumers, and start making CSR (Corporate Social Responsibility) as establishment of brand image in the community. This strategy should be monitored and assessed as very influential for the condition of the company in the future. For that measurement strategies should be conducted to determine whether the strategy can meet the company's objectives so as to maintain a presence and is able to grow any further.Keywords: competition, beauty clinic business, growth strateg
Stock Price Forecasting Accuracy Analysis using Mean Absolut Deviation (MAD) and Mean Absolute Percentage Error (MAPE) on Smoothing Moving Average and Exponential Moving Average Indicator (Empirical Study 10 LQ 45 Stock with Largest Capitalization from pe
Get PDFIndonesia stock market crash of 2008, in general the majority due to external factors. The recovery of the world economy had a positive impact on economic growth in Indonesia. LQ 45 stock is a stock that has a market capitalization of 45 stocks are the most liquid and capitalized great. Based on data obtained from sources (www.idx.co.id), the condition of the development of the stock price index LQ 45 from the fourth quarter of 2009 until the third quarter of 2010 increased by 99.75%. The situation above can be analyzed through technical analysis. Moving Average indicator provides information signal sale or purchase, as the determinant of the ongoing trend., Knowing the trend reversal (reversal), and Moving Average can be used to gain support and resistance. In general, there are several indicators to measure the accuracy of forecasting, the Mean Absolute Deviation (MAD), Mean Square Error (MSE) and Mean Absolute Error Percentage Error (MAPE). The samples used were the stocks that fall into the category LQ 45 in the period February 2013 - July 2013. The Result of Measurement showed that method with the smallest MAD and MAPE is the best method chosen to determine how much the stock price forecasting in a single month, the Exponential Moving Average method recommended by the company and the investors. Keyword: Smoothing Moving Average, Exponential Moving Average, Mean Absolute Deviation (MAD), Mean Absolute Percentage Error (MAPE), LQ 45