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A Challenges–Adaptive Mechanisms–Results (CARE) Model for Indonesian Entrepreneurs with Disabilities
Get PDFAbstract. This article explores challenges that motivate persons with disabilities to engage in entrepreneurship and adaptive mechanisms to overcome their challenges. The study expands the understanding of the initial challenges-adaptive mechanisms-results (CARE) model by including entrepreneurs with different disabilities who deal with various challenges and adaptive mechanisms to attain social, personal, and business-related goals. We conducted semi-structured interviews to explore the lived experiences of nine entrepreneurs with physical, sensory, or mental disabilities. Our empirical findings indicate that difficulties at the personal level decreased all respondents' job opportunities, which encouraged them to become entrepreneurs in striving for independent living. We find support from their circle, education, and technological advancements to have been the most effective adaptive mechanism strategies leading their entrepreneurial activities to success. The expanded CARE model contributes to the literature on entrepreneurship for persons with disabilities and provides insights potentially for all stakeholders supporting the entrepreneurial ecosystem for persons with disabilities.Keywords: Challenges, adaptive mechanism, disability, disabled entrepreneurs, entrepreneurshipAbstrak. Artikel ini mengeksplorasi tantangan yang memotivasi penyandang disabilitas untuk terlibat dalam kewirausahaan dan mekanisme adaptif untuk mengatasi tantangan mereka. Studi ini memperluas pemahaman tentang model tantangan - mekanisme adaptif - hasil (CARE) dengan melibatkan pengusaha dengan ragam disabilitas berbeda yang menghadapi berbagai tantangan dan mekanisme adaptif untuk mencapai prestasi sosial, bisnis, dan pribadi. Penelitian ini melakukan wawancara semi terstruktur untuk menggali pengalaman hidup sembilan pengusaha penyandang disabilitas fisik, sensorik, dan mental. Berdasarkan temuan empiris kami, kesulitan di tingkat pribadi menurunkan semua peluang responden untuk mendapatkan pekerjaan di tempat kerja. Fakta ini mendorong mereka untuk menjadi wirausahawan untuk berjuang hidup mandiri. Dukungan dari kalangan mereka, pendidikan, dan kemajuan teknologi merupakan strategi mekanisme adaptif yang paling efektif yang mengantarkan kegiatan wirausaha mereka menuju kesuksesan. Model CARE yang diperluas berkontribusi pada literatur tentang kewirausahaan bagi penyandang disabilitas dan memberikan wawasan kepada semua aktor penting dalam mendukung ekosistem kewirausahaan bagi penyandang disabilitas.Kata kunci: Tantangan, mekanisme adaptasi, disabilitas, wirausahawan difabel, kewirausahaan
State-Owned Enterprises and Cost of Debt: Evidence from Indonesia
Get PDFState-Owned Enterprises or SOEs is a significant economic player. In Indonesia, SOEs as therepresentation of government dominates the strategicbusiness sectors and directly contribute to GDP andemployment, but the performance of SOEs in Indonesia is still associated with improper management such as poor and inefficient governance. In recent years, efficiency and restructuring of SOEs have continued to be carried out but currently, several SOEs are struggling to avoid the threat of bankruptcy due to the uncontrollable debt. Unfortunately, there isn’t much paper that discusses the SOEs and capital structure-related topics, especially debt financing. Thus, thisresearch aims to fill the gap and investigate the influence of state ownership on the cost of debt in Indonesia. The sample from this research is all bonds issued from non-financial public companies that are listed on Indonesia Stock Exchange in 2017-2019. The result indicates that the SOEs in Indonesia will receive a lower cost of debt compared to the non-SOEs. Moreover, this study also reveals some factors that could influence the cost of debt in Indonesia. Through the result from this study, this research could present new insight into corporate finance topics regarding capital structure decisions of SOEs in Indonesia. Keywords: state-owned enterprises, cost of deb
Impact Of Strategic Change on Ericsson Company Performance Through Organizational Learning
Get PDFThis study examines the role of strategic change on Ericsson's company performance through organizational learning, where to form a strong strategic change requires TMT knowledge capabilities, organizational commitment and transformational leadership. This study uses a quantitative and qualitative approach. Data is collected from 92 business units in Ericsson's 23 regional branches in the Asia & Australia Region. This study uses Structural Equation Modeling (SEM) analysis, where the results of this research analysis indicate that company performance will increase from the indirect influence of TMT knowledge capabilities and organizational commitment mediated by strategic changes and organizational learning. However, transformational leadership does not have a significant effect on strategic change so that transformational leadership has no effect on performance. Some of the factors that hinder transformational leadership at Ericsson include limited authority and cultural differences between leaders and leadership areas. Keywords: TMT knowledge capability, organizational commitment, transformational leadership, strategic change, organizational learning, organizational performanc
The Influence of Work Motivation and Organizational Culture Towards Employee Performance in the Post-Merger of Three State-Owned Enterprises Sharia Banks in Indonesia: A Case in Bank Syariah Indonesia
Get PDFThe prosperity of any organization relies generally on employee’s qualities, capabilities, and skills, which can be measured by their performance. On February 1, 2021 Indonesia's three state-owned sharia banks, PT Bank Syariah Mandiri, PT Bank Negara Indonesia Syariah and PT BRISyariah officially merged their sharia banking unit to become a new entity, namely PT Bank Syariah Indonesia Tbk. Subsequent to the changes that have been made since the mergers, maintaining high employee performance is critical as well as understanding what factors that can boost employee’s performance productivity. In this research, authors assume that work motivation and organizational culture can have a good impact on employee performance in the post-merger of three state-owned sharia banks. Therefore, to prove it, authors try to conduct research on work motivation and organizational culture to deepen the understanding of the impact of work motivation and organizational culture on Bank Syariah Indonesia as well understanding the impact of mergers and its implications on employees. Methodology used is quantitative by distributing questionnaires to collect the data of 100 employees which then analyzed with multiple linear regression. Keywords: Employee Performance, Work Motivation, Organizational Culture, Bank Merger
A Proposed Knowledge Management Performance and Benefit at PT Indowine
Get PDFKnowledge is one form of intangible asset that plays a very important role in the competition experienced by the company. Awareness of the importance of managing existing knowledge is something that is sometimes overlooked by companies. In addition, it is accompanied by immeasurable natural disasters, such as the current COVID19 pandemic. The pandemic has changed all the mindsets of companies that require extraordinary strategies in the company's business flow patterns which sometimes cause internalization problems. Knowledge management is a system/tool that focuses on the form of information related to intangible material, as the process by which knowledge assets are collected and used to gain competitive advantage. Data was collected quantitatively which was adopted using a questionnaire from the KM Asia Productivity Organization (APO) framework. This study is to assess the current state of KM and develop KM plans for improvement. These conditions are based on the results of the assessment. When a company makes a large investment in an effort to collect knowledge assets, the company must measure the impact of knowledge management (KM) on the organization and believe that what it is doing is in line with the ideals (vision and mission) of the company. As an alternative to KM development, the authors use the Balanced scorecard to measure the achievement of goals not only non-financially to produce an innovation (tangible outcome) in accordance with the competencies expected by the company. Keywords: Knowledge Management (KM), intangible asset, APO, KM Balanced Scorecard, vision mission, COVID-19
Financial Feasibility Analysis of XYZ Hotel's Investment on Corporate Catering Business in Times of Pandemic
Get PDFDue to the financial impact of COVID-19 on the hotel industry, XYZ Hotel which is located in Bandung is planning on developing the hotel's food service, namely the corporate catering business which is considered more potential compared to the main business at this time. The investment will cost Rp217,080,000 and will be funded using equity. Given the current condition, this amount of investment is significant for the owners. Thus, they need to know the financial feasibility and risks of this investment. The results show a payback period of 1.79 years, NPV of Rp346,712,470, PI of 2.50 and IRR of 53.50% that is greater than 9.17%, the cost of capital. Using sensitivity analysis, 7 sensitive variables are identified and Monte Carlo simulations show a 67.10% probability of success of the project. Since all of the results exceed the acceptance standard, this project is feasible to be conducted in times of pandemic as it will implicate positively on the company’s financial although it still has risks that should be taken into account. Keywords: Capital Budgeting, Feasibility Study, Corporate Catering, Covid-19 Pandemic
Financial Literacy Among Students in Kabupaten Bandung West Java
Get PDFThis study aims to design proper instrument to measure financial literacy and assess the youth financial literacy conditions for the last year senior high schools students in Kabupaten Bandung, West Java, Indonesia. A quantitative approach of 5 likert-scale questionnaires is used. A total of 394 valid respondent is gathered and analyzed using structural equation modeling. It is confirmed that the used of multivariables such as financial awareness, financial experiences, subjective financial knowledge, financial skills, financial capability, financial goals, financial behaviours, and financial decisions are suitable to measure the financial literacy conditions of respondents although it is recommended to extend the variables for more accurate result. In the end, the study results informations that can be used as references to generate a proper strategy in developing students’ financial literacy. Keywords: financial literacy, senior high school students, financial experience
How Marketing Strategy Contribute to Build Brand Equity in Global Market: The Case of B2B Telecommunication Company
Get PDFIn the last three decades, the telecommunications industry played a major role in the global technology revolution. But telecommunication companies are facing increasing competition from digital players which also offer voice and messaging services, accentuating deterioration in the revenue of key services in telecommunication companies. Telin, as one of the players in the global market is also transforming in various fundamental aspects and has established itself to transform into a digital telco. Telin needs to define the right and effective marketing strategy to communicate its transformation to compete in the digital industry. This research uses brand revitalization strategies to build and strengthen Telin’s brand equity. The first proposed strategy is implementing new brand architecture strategy to anticipate the new products or services, new target market, new competition, and strategic mind shift. And the second is implementing new marketing strategy to align with the new vision, mission, and positioning the company as the digital telco provider. The result of this research can help B2B telecommunication companies, like Telin, to evaluate its marketing strategy and build brand equity in the digital industry.Keyword:Brand Equity, Brand Architecture, Marketing Strateg
Financial Strategy to Strengthening The Holding Function at PT Pupuk Indonesia (Persero)
No full textThis research will explore the financial strategy implemented by PT Pupuk Indonesia (Persero) (PTPI) financial directorate to achieve the main corporate strategy and create value (efficiency) for the corporation. PTPI Finance Directorate is one of the directorates in the PTPI organizational structure that has a very vital and strategic function and role for the running of the corporation so that it must be able to provide business breakthroughs to improve PTPI's performance in the fertilizer SOE holding perspective.The purpose of this research is to answer the right financial strategy questions to strengthen the holding function further, and the value can be created through the financial strategy implemented by the holding company. To answer these research questions, the authors use an external analysis in the form of PEST analysis, porter five's force analysis, competitor analysis, and internal analysis in the form of VRIO analysis and financial analysis. The results of both external and internal analyses produce a SWOT analysis. Using PTPI's SWOT analysis, the direction of the company's business transformation is customer-centric, innovation plant nutrition, solutions and services, best in class in operations and supply chain and activist /functional holding. To achieve this and realize the company's vision, PTPI compiled the main corporate strategy, which was breakdown through strategic initiatives that must be carried out by each directorate.The Directorate of Finance determines the financial strategy in the field of funding, namely, joint borrowers/borrower co-borrower, PTPI bond issuance, and Notional Pooling Account (NPA) and non-financing strategy, namely the joint insurance program. The financial strategy above can support the main corporate strategy's achievement by enhancing and strengthening the holding function, increasing efficiency, and encouraging the development of the non-subsidized fertilizer business and non-fertilizer products owned by PTPI. The implementation of the financial strategy from 2014 - 2019 helped create value (efficiency) for the corporation on a consolidated basis of Rp. 1.42 trillion. To further enhance Good Corporate Governance (GCG) in implementing financial strategies, PTPI Group has issued Funding Guide No. PI-KEU-PD-003 and Joint Insurance Procurement Procedure No. PI-PR-KEU-014. Keywords: holding company, fertilizer, state-owned enterprise (SOE), financial strategy, financing strategy, internal analysis, external analysis, SWOT analysis, value creation, joint borrower, bonds, Notional Pooling Account (NPA), joint insurance
Human Resources (HR) Productivity in Access Infrastructure (Sub-Division) to Succeed Digital Era (Case Study PT. Telekomunikasi Division of Telekomunikasi Regional III West Java)
No full textPT. Telekomunikasi Indonesia prepares Human Resources who have broad insight (global mindset) as well as those who have special criteria including being able to interact with business partners, humble and able to adapt to the business environment. The problem in this research is the limited number of employees in the Infra Access section of the Regional III West Java. There is also an imbalance between the number of recruits for fresh graduates and the number of employees who leave (retired). With this case there will be a negative impact on the achievement of business/production targets at the company. With these problems, the researcher explores matters relating to employees as the most important organizational asset owned by the company. This study analyzes the things that affect employee productivity, employee innovation and how the network management function in the company reaches the customer properly and smoothly. This research method uses a SWOT analysis method that produces a TOWS matrix, namely SO, WO, ST and WT. This study also uses a qualitative descriptive method by collecting interview and observation data. Interviews were conducted with internal stakeholders of PT. Telecommunications Division Telkom Regional III West Java, which includes elements of Human Capital, Finance, Infra Access Network and personnel who are directly involved with employees who create innovations. The results of the study show that the company's targets can be achieved and increase every year. This is analyzed from financial data for three consecutive years from 2018 to 2020. The results of work productivity and employee creativity & innovation are also able to make breakthroughs and applications that simplify customer service on the internet, IndiHome, IPTV etc. Keywords: Access Infrastructure, Work Productivity, Innovation, Telecommunicatio