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MSMEs IN TIME OF COVID-19 PANDEMIC. STRATEGY AND CHALLENGES OF ECOMMERCE ADOPTION: EVIDENCE FROM INDONESIA
No full textMSME in both developing and developed countries play an important role in industrialization and economic growth by contributing significantly to increasing the workforce, increasing income and catalyzing growth in both cities and villages. E-commerce technology is now generally accepted, and its use can provide numerous benefits to companies, especially small and medium-sized enterprises. Big corporations, on the other hand, are largely responsible for the expansion in e-commerce use by enterprises. As opposed to bigger corporations, MSME acceptance of e-commerce lags behind. Furthermore, MSME in developed countries continue to struggle to implement e-commerce technologies into their operations. Obstacles such as a lack of human resources, internal opposition, and unprepared customers and corporate associates, to name a few. lack of support, security issues and high cost still preventing MSME to adopt e-commerce technology. In order to formulate strategies for MSME, Comprehensive strategy-formulation framework is chosen. According to analysis, the priority order of strategies for MSME to adopt e-commerce technology are government intervention followed by partnership, training school and communication leadership. Keywords: E-Commerce, MSMEs, Barriers, Strateg
Financial Performance and Valuation Assessment (Case Study: PT Astra International Tbk for the Period of 2015-2020)
No full textThe announcement of the spread of Covid-19 in Indonesia by President Joko Widodo, caused the JCI to fall to the level of IDR 3,937 in March 2020 from IDR 6,299 at the beginning of 2020. PT Astra International Tbk with the stock code ASII was also affected to fall to IDR 3,755 per share from IDR 6100 on February 2020. Not only that, the spread of this virus has also caused ASII's monthly sales to continue to decline. This situation makes investors need to know the external conditions and internal conditions of the company before making a decision. External conditions were carried out using PEST analysis and Porter's Five Forces analysis. The company's internal conditions using Common Size Analysis and Financial Ratio Analysis. The factors that most influence the rate of return on investment or ROE are obtained through DuPont analysis. Stock valuation uses the Absolute Valuation method with DCF Valuation and Relative Valuation using (P/E) Ratio as well as (M/B) Ratio. The results of the study concluded that overall PT. Astra International Tbk has a good performance. However, the company must increase the company's Activity Ratio which is below the industry average. Absolute Valuation with the DCF method shows ASII shares are undervalued. Relative valuation with (P/E) Ratio and (M/B) Ratio also shows ASII shares are undervalued.Keywords: Company Financial Performance , Stock Valuation, Discounted Cash Flow, Free Cash Flow, Price Earnings Ratio, Price to Book Value Rati
PROPOSED MARKETING PLAN FOR INCREASING PASSENGER LOAD FACTOR OF NAM AIR BANDUNG-SURABAYA ROUTE
No full textBandung is one of the potential areas for domestic flights, so Nam Air open Bandung-Surabaya route on 2015. In February 2019, this route experienced a decrease in passenger load factors which only reached 36%, even though the domestic flight PFL average reached 78%. To improve the PFL, Nam Air focuses on the attributes affecting their customers in making decisions to increase the percentage of passenger load. The research methodology in this research is the marketing research theory with approach using the discrete choice model. In making the stated preference (SP) questionnaire, the efficient design was used with NGENE software then collected 1880 observational data. The results of the questionnaire using the BIOGEME software to estimate the multinomial logit (MNL) model, then found significant attributes affecting passenger choice. By processing all attributes, the results show that only IN and JT price are significantly influential. Furthermore, the researchers processed all brand attributes with significant results. The price of the three alternative airlines is elastic. The researcher propose a Marketing Model with a three Sub Model, the model are achieve break even volume, adjust prices with discounts and promos, build a strong brand for Nam Air. The overall Sub Model arranged in 19 marketing programs. Next the Researcher also conducts Cost and Benefit analysis to produce the right implementation and marketing budget.Keywords: Airlines, attribute, dicrete choice model, elasticity, marketing strateg
Curriculum Design for Digital Financial Innovation in Higher Education Institutions in Indonesia
Get PDFAbstract. Due to rapid technological advancement, the financial industry is now transitioning from traditional to digitally based financial services. In Indonesia in particular, this transformation is being carried out in accordance with the idea of digital finance innovation. However, within the Indonesian financial industry, there is a competency gap that hinders the rate of progress of this transformation. Accordingly, this study aims to create a curriculum designed explicitly for digital finance innovation for Indonesian higher education institutions in order to address the existing competency gap. Through the application of multivariate regression analysis, eight required competencies and their respective subjects were identified in this study. The identified competencies can provide insights for higher education institutions in creating a curriculum to ensure that their future graduates can fill the competency gap within the Indonesian financial industry. The results of the study state that: (i) an effective and appropriate relationship between DA, RM, BM, and SM competencies and can improve the ability of financial institutions to identify and manage risks in their environment; (ii) the relationship between FIK knowledge and PRO and BM competencies can help financial institutions ensure that their DFI products, such as applications, meet the standards set by regulators and improve management practices; (iii) the relationship between FL and PRO competencies can improve the organization's ability to reduce the possibility of miscommunication and misperceptions surrounding DFI ideas. Hence, these findings have implications for the university curriculum that implements them, bolstering the output of graduates who can help accelerate the actualization of the digital financial innovation agendas of the Indonesian financial industry.Keywords: digital finance innovation; financial technology; higher education institutions Abstrak. Dengan pesatnya kemajuan teknologi yang terjadi, industri keuangan kini berada pada fase transisi dari layanan keuangan tradisional ke layanan keuangan berbasis digital. Khusus di Indonesia, transformasi dilakukan dengan mengikuti ide inovasi keuangan digital. Namun, dalam industri keuangan Indonesia, terdapat gap kompetensi yang menghambat laju kemajuan transformasi. Oleh karena itu, penelitian ini bertujuan untuk membuat kurikulum yang dirancang secara eksplisit di bawah inovasi keuangan digital untuk institusi pendidikan tinggi di Indonesia dalam rangka mengatasi kesenjangan kompetensi yang ada. Melalui penerapan analisis regresi multivariat delapan kompetensi yang dibutuhkan dan subjek masing-masing diidentifikasi. Kompetensi yang teridentifikasi dapat memberikan wawasan bagi institusi pendidikan tinggi dalam membuat kurikulum untuk memastikan lulusan masa depan mereka dapat mengisi gap kompetensi di industri keuangan Indonesia. Hasil penelitian menyatakan bahwa (i) Hubungan yang efektif dan tepat antara kompetensi DA, RM, BM, dan SM dapat meningkatkan kemampuan lembaga keuangan dalam mengidentifikasi dan mengelola risiko berada di dalam lingkungannya, (ii) Hubungan antar pengetahuan FIK dengan kompetensi PRO dan BM dapat membantu lembaga keuangan memastikan produk IKD mereka seperti aplikasi dalam memenuhi standar yang ditentukan oleh regulator seiring dengan peningkatan praktik manajemen dan (iii) Hubungan antara kompetensi FL dan PRO dapat meningkatkan kemampuan organisasi untuk mengurangi kemungkinan miskomunikasi dan persepsi yang salah tentang ide IKD. Oleh karena itu, hasil temuan ini berimplikasi bagi Kurrikulum PT yang menerapkannya, memungkinkan output lulusannya dapat membantu industri keuangan Indonesia mempercepat aktualisasi agenda inovasi keuangan digitalKatakunci: inovasi keuangan digital, teknologi keuangan, institusi pendidikan tinggi
PROPOSED PROGRAM STRATEGY OF CREATIVE SCHOOL FOR LECTURER DEVELOPMENT IN HE TRIDHARMA (CASE STUDY: CYAN.ID)
No full textIndonesia has a lot of workforce that significantly increase from time to time, which creates fresh potential power for Indonesia economic. Good workforce means that it should be developed with good education as well. But this development also has some constraints, which is the lecturer ability to cope with the rapid development are low. Even lecturer has main task to do Higher Education (HE) Tridharma, which is research, lecturing, and empowerment, these tasks are not completely done perfectly. The main issue is on how our development in education tend to forget the definitive of creativity. Creativity are often misconcepted and focus on concrete matter rather than abstract matter. This condition creates unbalanced mindset which created gap in problem solving and derived innovation for social empowerment. This is why Cyan.id are created to solve these mindset problems. This research will use several methods to determine the program strategy that applied for Cyan.id. The methods are Politics, Economics, Social, & Technology (PEST) analysis, Marketing mix (4P), Porter’s Five Forces, Key Success Factor, and Value Chain. The other methods to create valid data is to perform Minnesota Test of Creative Thinking (MTCT) and questionnaire to determine whether the creative school program is effective. These methods need to be done in order to create exact needs and strategy for Cyan.id and its customers.Keywords:Creative, Strategy, School, Tridharma, Educatio
Understanding Customer Insights Through Big Data: Innovations in Brand Evaluation in the Automotive Industry
Get PDFAbstract. Insights gained from social media platforms are pivotal for businesses to understand their products’ present position. While it is possible to use consulting services focusing on surveys about a product or brand, such methods may yield limited insights. By contrast, on social media, people frequently express their individual and unique feelings about products openly and informally. With this in mind, we aim to provide rigorous methodologies to enable businesses to gain significant insights on their brands and products in terms of representations on social media. This study employs conjoint analysis to lay the analytical groundwork for developing positive and negative sentiment frameworks to evaluate the brands of three prominent emerging automotive companies in Indonesia, anonymized as “HMI,” “YMI,” and “SMI.” We conducted a survey with a sample size of n=67 to analyze the phrasings of importance for our wording dictionary construction. A series of data processing operations were carried out, including the collection, capture, formatting, cleansing, and transformation of data. Our study’s findings indicate a distinct ranking of the most positively and negatively perceived companies among social media users. As a direct management-related implication, our proposed data analysis methods could assist the industry in applying the same rigor to evaluating companies’ products and brands directly from social media users’ perspective. Keywords: Brand image, social media, data analytics, sentiment analysis, conjoint analysi
Chinese MNEs Ownership Global Strategy: Do Geographical Distance, Market Size, & Regulatory Quality Matter?
Get PDFThis study investigates the cross-border M&As performed by CMNEs in 25 developing countries from 2016 – 2018. Using econometrics approach, this study provides an empirical analysis of the role of geographical distance, host market size, and host government quality on the cross-border M&As performed by CMNEs. We find that geographical distance does not significantly affect the portion of ownership of CMNEs in cross-border M&As. We also find that host country market size and host country regulatory quality significantly influence the portion of ownership of EMNEs in cross-border M&As. Specifically, a larger host country market size and a better regulatory quality of the host country leads to higher portion of EMNEs ownership in their cross-border M&As. These findings contribute to cross – border M&As literature, especially in the context of CMNEs ownership in developing countries. Our study also offers practical implication with regard to the subject matter. Keywords: Cross – border M&As; Geographic distance; Market size; Regulatory qualit
Selection Method of Operational and Maintenance of Flaring Facility by Using BCOR Factor and Multicriteria Decision-Making Analysis (MCDM)
Get PDFThe AHP (as one of the Multi-criteria Decision Making) methods with BCOR (Benefit, Cost, Opportunity and Risk) approach can overcome the difficulties in making decision with multi-criteria for selecting the best operation and maintenance flaring facility effort in the petroleum industry, by considering technical, safety, environment, economy (in the situation where the production keep on the decline and the fluctuation of oil price), applicable regulation both in Indonesia and in the world and also the new initiative from World Bank related with environmental protection and air pollution prevention, which is Zero Flaring initiative in 2030. In this paper, by using the AHP model structure that formed by 5 layers, consist of Goal, Factor (BCOR), Criteria (there are 11 criteria), Sub-Criteria (there are 31 criteria), and Alternatives (1. Flare the gas to nearest flaring facility or 2. Repair the flaring facility). The flaring facility owner in PT. CPI can decide with confidence the best alternative for their operation and maintenance of flaring facility effort to be implemented at the field, based on the analysis results obtained from the AHP method and the BCOR approach by using Super Decision, the highest consideration is based on the highest global BCOR weight is a benefit, followed by risk and the third is cost, and the last one is opportunity. The benefit weight becomes the highest consideration since compliance to safety and environment include in the benefit criteria, besides the optimization of operation and maintenance for safety in design. This is by following per under the value and vision of PT. CPI “To be the global energy company most admired for its people, partnership and performance” From the AHP analysis with the BOCR factor, the best alternative is to flare the gas to the nearest flaring facility. Keywords: Analytical Hierarchy Process (AHP), BCOR, Flaring Facility, Multi-criteria Decision Making, Oil and Gas Industry, Operations & Maintenanc
Prospective Customer Preference Toward Service Robots: A Discrete Choice Model Approach
Get PDFAbstract. One major technological development pertains to the service robot industry. In Indonesia, the development of robots is increasing. Telkom will begin to explore new opportunities with companion robots, which can respond to and chat with humans and move around. Therefore, more analysis is needed based on market research and prospective user surveys. The present study aims to obtain information on the features of service robots significantly influencing customers’ desire to purchase them and on the types of service robots they are likely to choose. The discrete choice model method is used to understand and predict a decision from a discrete alternative, based on a set of choices constructed with the help of the Ngene software and the D-efficient design method. We processed questionnaire results using the Python-Biogeme software to look for significant attributes and their elasticity. The significant attributes of companion robots defined by T-test are basic robot look (3.86), battery life (5.45), robot price (9.16), walking-computer look (6.10), and robot weight (8.38). The suggested strategy, among the three types of companion robots, is to focus on the personal assistant robot with the highest T-test score while paying attention to the resources a company already has.Keywords: Service Robot, Discrete Choice Model, Significant Attribute, Elasticit
Healthcare Ecosystem Mapping in Secondary Health Facility for Hypertension Case
Get PDFHealthcare management research is currently broader its focuses beyond hospitals operations management and involves entities included in the healthcare ecosystem to improve overall quality. However, healthcare is a complex system with multiple issues and consisting of many entities and interactions involved. This study aims to describe the healthcare ecosystem interaction of hypertension cases. This case becomes the focus of attention because, based on Indonesia’s basic health research results, the revalence of hypertension increased to 34.1% in 2018. This research uses a qualitative approach, and the hypertension management process is described based on data collected and interview results. BPMN uses to describe the healthcare ecosystem services flow and identify entities’ interaction involved. In elaborating the interactions between entities, several things were identified that caused poor management of hypertension, such as lack of patient compliance and social support, unintegrated health data, poor coordination among stakeholders, limited staff and technology used, and many services procedures. This study provides an overview of the entity’s relationship in providing services to hypertensive patients through the healthcare ecosystem mapping that grouped entities into delivery, financing, policymaking, and innovation. Moreover, implementing an electronic-based health system is suggested to help manage hypertension cases more effectively and support data-driven decisions. Keywords: BPMN, electronic health system, healthcare ecosystem mapping, hospital, hypertension managemen