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THE EFFECT OF GOOD CORPORATE GOVERNANCE ON THE PERFORMANCE OF MEDIUM-SIZED PUBLIC COMPANY IN INDONESIA
No full textAbstract:This research is aimed to examine the relationship between good corporate governance (GCG) and company performance, where medium-sized public companies in Indonesia will be used as the subjects. The samples that are used in this study consist of various public companies in Indonesia which are listed in development board of Indonesia Stock Exchange period 2017-2019. The set of variables that will be used in this study in order to examine the GCG has also been used in numerous similar studies which are board of commissioners, independent commissioner, institutional ownership, and foreign ownership. To measure the company’s performance, return on assets (ROA) of each company for the last three years will be used as the proxies. To examine the relationship between GCG and company performance, panel data analysis test will be used in this research. Based on the test results, it is concluded that foreign ownership has significant negative impact on performance, while the other GCG components (board of commissioners, independent commissioner, and institutional ownership) do not have a significant effect on company performance. This result shows that higher proportion of foreign ownership within the company will decrease company performance.Keywords: good corporate governance (GCG), medium-sized company, company performance (ROA)
Mapping Business Model Strategy Based-On Motivation of People to Participating in Sharing Economy
No full textThe sharing economy is a growing concept that has a massive and positive impact on society, but it is still below the traditional economy. This study is purposed mapping of sharing economy companies in Indonesia and international, and also to identify how their revenue stream, channel, and customer relationship strategy of pioneer sharing economy companies in response to motivation theory as an effort to provide literature and references for other existing or potential sharing economies, so that is expected to accelerate the development of the sharing economy. This research uses a qualitative approach and secondary data collected from previous research, company website, and articles. In this research, sharing economy companies determination is conducted by sort list of companies collected from the article based on requirements or indicators of sharing economy and pioneer sharing economy companies determination conduct use Alexa traffic and Simillarweb by comparing their rank as an indication of success in encouraging people to participate. Revenue stream assessment by looking at their revenue stream type and their monetization strategy. Channel and customer relationships assess by looking at their website using indicators of motivation (Economy Benefit, convenience, Sustainability, Sense of belonging, and Trust) to see the initiative. As the result of this research, 1. List of sharing economy companies in Indonesia and internationally divided into six sectors (finance, space, transportation, services, food, & goods) but in Indonesia, there is no company engaged in the food sector that meets the definition of the entire sharing economy. 2) List of revenue stream model strategies and monetizing strategies of sharing economy companies. In terms of revenue stream model strategy, it is found that the pattern is that companies charge commission fees to providers and assign transaction fees to users. 3)mapping website companies initiative as one of channel and customer relationship strategy in response to motivation theory, it is found the pattern in each sector and in general, it’s pattern means all companies have the initiative in some indicators. This research can be a standard or reference of other existing or potential sharing economy companies in determining business model strategy as an effort to accelerate the development of the sharing economy.Keywords: Sharing economy, Motivation, Business mod
THE INFLUENCE OF PSYCHOSOCIAL FACTORS AT WORK ON THE EMPLOYEE PERFORMANCE
No full textEmployees are the vital aspect in supporting the business with duties and responsibilities in developing business. However, one of the things that are often forgotten by the workplace is the importance of maintaining psychosocial conditions, such as letting them work like machines with excessive workloads and with various pressures to achieve business goals in the workplace. We first identify the psychosocial conditions experienced by employees at work using the short version of COPSOQ III. In this instrument, there are six domains with 23 factors. Meanwhile, employee performance is measured by the concept of Robbins (2006), which has indicators of quality, quantity, effectiveness, work commitment, punctuality, and independence. This research uses a quantitative method with 181 respondents taken randomly from Indonesian employees who work in a company or an agency. This study confirmed that all psychosocial domains had a significant influence (p < 0.05) on employee performance, and 16 factors contained in these domains directly correlated to performance. These findings suggested the business community and workplace pay attention to these six domains or, more specifically, to the 16 correlated factors because influences give to employee performance.Keywords: psychosocial, employees, COPSOQ III, employee performanc
Understanding Consumer Adoption On Personal Training Apps Using An Extended UTAUT2 Model.
No full textThe current explosive trend toward wellness and technology progression that open a boundless communication through mobile internet give an access for people to the newest information and vast collection of services on health and wellness. Personal training apps provide workout guides, videos, and coaching to assist user in performing workouts in training. This study aim to explore factors that could contribute to the behavioural intention to adopt a mHealth personal training apps by adapting an extended UTAUT2 model and determine the relationship between behavioural intention to actual adoption of personal training apps. Data collected using primary data from online surveys distributed to personal training apps user in Jabodetabek and Bandung, Indonesia, to be used for analysis in this study. Result from PLS-SEM analysis shows that social influence, facilitating condition, habit, hedonic motivation, and self-efficacy had a significant influence on intention to adopt personal training apps. Recommendation also provided for application developer and publisher to put more emphasize on features that drive more user adopting personal training application.Keywords: Behavioral Intention, mHealth Apps, Mobile Apps, Personal Training Apps, Technology Acceptance, Extended UTAUT
Determinants of Islamic Banking Profitability in Indonesia
No full textAny economic growth and stability mostly depend on its banking sector. However, the ROA of conventional banks in Indonesia always higher than Islamic banks in the previous 5 years period. This research focuses on finding the internal-bank factors that may affect the profitability of Islamic banks in Indonesia. Internal-bank factors as independent variables that tested in this research are bank size (SIZE), Capital Adequacy Ratio (CAR), Liquidity of Assets (LIQ), Operational Efficiency (BOPO), Gearing Ratio (GR), Non-Performing Financing (NPF), and Financing to Deposit Ratio (FDR). Return on Asset (ROA) used as dependent variable which represent profitability of banks. The data samples have passed the classical assumption test and continued with multiple linear regression. The result shows that partially SIZE and BOPO give a negative significant effect on ROA. CAR, LIQ, GR gives a positive significant influence on ROA. NPF and FDR have no effect on profitability of Islamic banks in Indonesia. The simultaneously significant effect is given by SIZE, CAR, LIQ, BOPO, GR, NPF, and FDR on the ROA of Islamic banks in Indonesia. Keywords: Bank size, Capital Adequacy Ratio, Liquidity of Assets, Operational Efficiency, Gearing Ratio, Non-Performing Financing, Financing to Deposit Ratio, Return on Asset
Food Waste Management Feasibility Study in Hotel X
No full textAbstract. This paper aims to find out the problems that faced by 1000Kebun and help them in implementing food waste management for the Hotel X. Hotel X is a 5 star hotel located in Bandung, Indonesia with good reputation and experience in hotel industry. Most of Hotel X wastes are food waste and several Hotel X staffs realized that they have to conduct food waste management to have their own waste management system. However, they have zero experience in waste management, therefore they will conduct cooperation with 1000Kebun, one of organic community in Bandung. Since this will be the first time for 1000Kebun to implement food waste management, they faced several problems in structuring the business, detailing the food waste management process, and calculating the worth of investment for implementing food waste management. The results from this paper are the detailed business process of Hotel X using Business Process Modelling Notation (BPMN), cost benefit analysis using Net Present Value and Payback Period, and Hotel X food waste management business model canvas.Keywords: Business Process, Business Model Canvas, Business Process Modelling Notation, Cost Benefit Analysis, Food Waste Management
Redesigning Job Descriptions and Job Specifications to Reduce Employee Turnover in Teman Lama Coffee Shop
No full textAbstract. Along with the changing trends that occur every year, this has an impact on people changing lifestyle. One form of this change is that coffee consumption has become a lifestyle of some communities which has led to the emergence of many coffee shops, one of which is Teman Lama. During their business development, Teman Lama experienced problems related to human resources. This indicated by the high employee turnover rate owned by the company. Based on preliminary study, it is known that the root of the problems experienced by Teman Lama lies in need to redesign the job analysis of each position consisting of job descriptions and job specifications. This is because employees often feel confused about doing their work and tend to do work outside their position which makes the burden they are carrying out exceeds what they are supposed to do. This happens because job analysis is not clear or even not owned by each position, thus triggering a constantly changing employee turnover rate. Therefore, this research helps Teman Lama to design job analysis that can solve their root problems. Teman Lama can also use job analysis into other human resource activities such as recruitment, performance appraisal, and compensation.Keywords: Job Analysis, Job Description, Job Specification, Employee turnover rat
The study of factors affecting purchase intention of halal non-consumables cooking utensils products
No full textAbstract. The publication of Undang-Undang No. 33 Tahun 2014 tentang Jaminan Produk Halal or a regulation about halal product guarantee stated that all of utensil products including cooking utensils need to be halal certified. But eventually the execution of the rules is still not yet reached the stages where utensil products must to be halal certified. This cause confusion, because the one that must be halal certified is cosmetic and consumables items rather than utensil products. However, nowadays in Indonesia there is already established halal brand in non-consumables cooking utensils. This research intends to finds and explore mapping of MUI certification system for non-consumables goods inIndonesia, test factors (brand images, halal awareness, halal certification, religiosity, of attitude, subjective norm, perceived behaviour control) that influence customers to buy halal cooking utensils (non-consumables) product, and test the necessity of halal branding on cooking utensils. In this research the data collected through interview and online survey towards Muslim women. Then the data analyzed by open coding and PLS-SEM to analyse the relationship between variables. The results of this research indicates that attitudes have no significant effect towards purchase intention, with perceived behavioral control as the most significant factors which affect purchase intention. Thefinding of this research expected to provide cooking pan marketer to decide whether halal branding strategy is suitable or not for their company, to avoid ineffective resources allocation for marketing.Keywords: Cooking Utensil, Halal Branding, MUI, Purchase Intention, SEM-PL
Evaluasi Penerapan Pusat Kapabilitas Internasional Telkom Indonesia Dalam Mengembangkan Talenta Global
No full textAbstract. As the world becomes more and more connected due to globalization and various other factors, the demand of employees with global talent also increases. In 2014 Telkom Indonesia took an initiative to develop global talent for its employees due to the current international expansion they were going to conduct. Telkom International Capability Center was one of the program of the initiative which acts as the enabler for the whole thing, like its name it is a center dedicated to all affair related with international capability development. Specifically it was a center used to enhance employee’s skills and knowledge for international assignment by leveraging their global talent. It was quite effective seen from the fact that Telkom’s international expansion was successful without the need to hire a significant amount of expatriates. However with the progress of technology and new challenges in today’s world the Telkom International Capability Center has not been updated and reevaluated. The research interviewed key individuals with big involvement with Telkom International Capability Center to analyze the things which are needed to be changed in order to stay relevant and effective in its method to develop global talent, the research also conducts literature review to corroborate the findings from the interview. There were in fact a couple of things that needed to be changed such as the increased use of technological tools is needed to ensure a more efficient outcome, gamification also plays a big part to make certain that the participants is enthusiastic, the increased continuity of knowledge and feedback, and other minor adjustments. The researcher aims that it would benefit not only PT. Telkom but all other companies which are going through a similar condition. All things considered the researcher hopes that it could benefit Indonesia in enhancing their workforce in order to contribute the efforts of becoming a developed nation.Keywords: Globalization, Global Talent, Capability Cente
The Influence of TikTok Information Quality Towards Destination Image Formation in Greater Bandung
No full textCovid-19 pandemic affects tourism sectors, especially for Greater Bandung, which is a national strategic destination. Improving destination image is an essential strategy for tourism recovery strategy given the perceived belief and overall understanding of a tourist destination in the destination's image. This research will determine the role of TikTok content quality towards destination image formation in Greater Bandung. Primary research data was carried out using an online survey method related to variable information quality and destination image formation. This research was carried out from May to July 2021 with 219 respondents. Data analysis was performed using the SmartPLS 3.0 application by the PLS-SEM data analysis approach. The result was that interestingness was positively correlated with both cognitive image and affective image. In contrast, relevancy was positively correlated with the cognitive image. This study will contribute to improving the Greater Bandung destination image hence increasing tourist intents to visit Greater Bandung and thus contributing as a post-Covid-19 pandemic tourism recovery plan.Keywords: Covid-19, Destination Image, Greater Bandung, Information Quality, TikTok, Touris