Journal Cover Indonesian Journal of Business and Entrepreneurship
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  This is an Open Access Journal Open Access journal
   ISSN (Print) 2407-5434 - ISSN (Online) 2407-7321
   Published by Bogor Agricultural University Homepage  [24 journals]
  • Risk Management of Sugar Production Due to the Magnitude of Losses (Case
           Study of PT Perkebunan Nusantara X)

    • Authors: Ahmad Zainuddin, Intan Kartika Setyawati, Rudi Wibowo
      First page: 153
      Abstract: High sugar consumption cannot be fulfilled by domestic sugar production. The reason is that the performance and efficiency of the national sugar mills (PG) are still relatively low. Measurement of efficiency of sugar mills can be conducted by counting the sugar losses. This study aims to (1) to analyze the value of loss index and its implications on the efficiency of sugar mills;and (2) to assess the risk due to losses. Primary and Secondary data were used in this study containing annual data of sugar mills performance indicators in PTPN X such as Overall Recovery (OR), Boiling House Recovery (BHR), Mill Extraction (ME),the amount of bagasse, the amount of filter cake, and the amount if molasses at sugar cane factory (period of 2011-2015). The data were analyzed by evaluative descriptive analysis, index calculation, and risk assessment using Failure Mode and Effect Analysis (FMEA) method. The analysis shows that the losses produced by sugar mills in Indonesia are still quite high around 2.60–2.88%. This level of losses shows the performance of sugar mills is inefficient and causes financial losses in sugar mills. Production risk assessment due to losses shows a high level of risk. Therefore, sugar mills must have a program to reduce its level of losses to the minimum level (<2%). Meanwhile, sugar mills must have programs to utilize losses to be value-added co-products.Keywords: losses, FMEA, efficiency, performance, sugar industry
      PubDate: 2017-09-03
      DOI: 10.17358/ijbe.3.3.153
      Issue No: Vol. 3, No. 3 (2017)
  • The Role of Partnership in Value Chain of Sweet Potato in Regency of West
           Java (Case Study of PT Galih Estetika Indonesia Partnership)

    • Authors: Eva Farichatul Aeni, Amzul Rifin, Netti Tinaprilla
      First page: 165
      Abstract: The partnership between the farmers and PT Galih Estetika Indonesia as the exporter company in the field of sweet potato processing is expected to support the development of sweet potato agribusiness in Kuningan Regency and become one of the solutions for farmers’ problems. Termination of partnership contracts undertaken by the farmers will have an impact on the implementation of partnerships, company operations as well as the value chain. This study aims to analyze the pattern of partnership, degree of partnership, value chain structure, value chain governance, farmers’ income (partner and non-partner) and margin. The method of data processing and data analysis used the descriptive analysis qualitative and quantitative descriptive analysis. The results showed that the pattern of partnership that is formed is a centralized pattern with the degree value of partnership of 716 (madya pattern). The structure of the value chain by mapping the actors and their activities result in relationships and coordination between the parties. Farmers with companies belong to the modular type in VCG. Economic benefits indicate that net income of partner farmers is Rp22,157,828/Ha, while non-partner farmers obtain Rp12,306,789/Ha and the smallest margin is obtained by the coordinator. The analysis shows that farmers' incomes are larger, but partnership planning has not been ideal. Therefore, the roles of farmers, companies and related agencies are required in the running of the ideal sweet potato partnership program.Keywords: sweet potato partnership, partnership pattern, value chain, value chain governance, revenue
      PubDate: 2017-09-03
      DOI: 10.17358/ijbe.3.3.165
      Issue No: Vol. 3, No. 3 (2017)
  • Business Model Canvas and Strategies to Develop Biodiesel Industry of PT.
           XYZ in Order to Implement CPO Supporting Fund Policy

    • Authors: Aman Mustika, Rina Oktaviani, Sukardi Sukardi
      First page: 176
      Abstract: Biodiesel is considered as one of the alternative eco-friendly fuels. Besides, the government also issued policy related to biodiesel that is CPO Supporting Fund (CSF) Policy. The aim of the research is to identify Business model canvas (BMC) biodiesel industry in PT XYZ and to know the strategies to develop business from biodiesel industry in line with the CPO supporting fund policy. The analysis tool used in this research is BMC, SWOT and Quantitative Strategic Planning Matrix (QSPM). The research results in identifying BMC of PT XYZ is customer segment that the company serves in the form of domestic as well international customers. The value the company offers is biodiesel quality that is in accordance with SNI standard and the distribution is at the company’s cost; the relationship built with the customers is by communities and co-creation; the marketing network through stock exchanges and commodity exchanges; the revenue obtained from selling biodiesel and the price difference between biodiesel and solar from BPDPKS; the company’s resources are human resource, raw material resource, and financial resource; the main activities carried out by the company is CPO process to become biodiesel and sale; the company’s partners are GAPKI, BPDPKS and APROBI; the cost structure is operational cost, workers’ salary, and CPO levy fund. Furthermore, the strategy to develop biodiesel industry in line with the rapid increase of competitiveness is to increase the biodiesel production capacity and communication improvement and CRM to improve customers’ service.Keywords: biodiesel, CPO supporting fund (CSF), levy fund, vegetable oil (BBN), business model canvas (BMC)
      PubDate: 2017-09-03
      DOI: 10.17358/ijbe.3.3.176
      Issue No: Vol. 3, No. 3 (2017)
  • Comparison of the Performance of SOEs Banks and Private Banks and its
           Influece to the Stock Prices

    • Authors: Husnul Insan, Yusman Syaukat, Imam Teguh Saptono
      First page: 187
      Abstract: Banking industry is one of the industries which show the presence of tight competition. The competition itself can be seen from the number of banks which operates in Indonesia in 2014, that is 119 banks. The aim of doing this research is to analyze the different financial performances between Significant effect on the level of 5% and Private banks, and also to analyze the variable influence of bank finance performances to the stock price. The analyzing method which will be used on this research is radar and regression analyzing graphic illustration techniques. The result of this research shows that financial performances of SEOs Banks is better than Private Banks according to the profitability, productivity, and growth potential aspect, while on the aspect of liquidity, private banks has a better performance than SOEs banks. In terms of solvability, both banks have the same financial performances. According to the regression analysis, it is known that the bank financial performance on CAS and NIM variable has a positive and significant influence to the stock prices, while on LDR, CRR, CAR, DRR, and ROA variables they have a negative and significant influence to the stock prices. This shows that the investors have made those variables as a benchmark in their investing policies and they tend to pursue the stocks from SOEs banks rather than private banks, because generally SOEs banks have a better financial performance than private banks.Keywords: regression analysis, bank, stock prices, financial performances, radar method
      PubDate: 2017-09-03
      DOI: 10.17358/ijbe.3.3.187
      Issue No: Vol. 3, No. 3 (2017)
  • Strategy to Develop Rice Farm Business Insurance in PT Asuransi Jasa

    • Authors: Graita Gaiety Jatmiko, Arief Daryanto, Rokhani Hasbullah
      First page: 196
      Abstract: Agricultural sector has very significant roles in Indonesian economy, some of which are as the contributor of the second highest PDB and the biggest labor absorber with the contribution of 13.6% and 32% respectively. Even though, it is the biggest labor absorber,agricultural business is not interesting to the community nowadays. This is because this business has a quite high risk to fail to harvest. This research aimed to analyze the external and internal factors affecting the development of Rice Farm Business Insurance (AUTP), to know the position of the company in carrying out the AUTP, and to formulate the strategy to develop AUTP in PT Asuransi Jasa Indonesia (Jasindo). This research used descriptive method through case study with the analysis equipment, like Five Forces Porter, IFE/EFE Matrix, IE Matrix, SWOT, and QSPM. The results showed that there were several strategic factors influencing the implementation of AUTP, i.e. a wide market opportunity. The position of the company in the implementation of AUTP was in the position of hold and maintain with the recommended strategy, of market penetration and product development. In this research, eight alternative strategies were obtained with the with the highest priority was to expand the distribution channel network.Keywords: development stragety, rice farm business insurance,agricultural risk, Jasindo, QSPM
      PubDate: 2017-09-03
      DOI: 10.17358/ijbe.3.3.196
      Issue No: Vol. 3, No. 3 (2017)
  • Performance and Strategies to Develop Waste Business

    • Authors: Dika Anggari, Ujang Sumarwan, Lilik Noor Yuliati
      First page: 207
      Abstract: The objectives of this study are to measure the performance conducted based on the generating of turnover and magnitude of volume of wastes deposited by the waste sellers to CV. MBG and to analyze alternative strategies on waste business, especially for CV. MBG, through four perspectives on the Balanced Scorecard method. In addition, this study also analyzed the priorities of the four perspectives using ANP. The results show that the turnover per day can reach 94 million rupiah, and the volume generated per day can reach 12 tons. Furthermore, there are four perspectives that can measure the performance and internal process perspective as a priority to be more noticed. The conclusion of the research result shows that waste business becomes one of the most promising businesses. The managerial implication of this study is that the four BSD perspectives sorted according to their priorities from the ANP can be applied to support the company performance.Keywords: performance measurement, waste processing, analytical network process, Balanced Scorecard, CV MBG
      PubDate: 2017-09-03
      DOI: 10.17358/ijbe.3.3.207
      Issue No: Vol. 3, No. 3 (2017)
  • Cost and Benefit Analysis of RSPO Certification (Case Study in PT BCA Oil
           Palm Plantation in Papua)

    • Authors: Faris Salman, Mukhamad Najib, Setiadi Djohar
      First page: 219
      Abstract: RSPO is sustainable. It is one of many certification labels to justify a sustainable palm oil practice. The objective of this study is to identify monetary benefit and cost with the existing operating scenario of the company, or if the company is registered as the RSPO member. To identify the benefit or cost that might occur, this research compared the NPV, IRR, and benefit-cost ratio among the alternative scenarios. An ex-ante projective cash flow is simulated using the company’s historical financial report from year 2012-2016 to obtain monetary perspective of the amount of money required by the plantation to proceed with certification. Certification should cost the plantation around 466 billion rupiahs with only 66 billion rupiahs of additional income from CPO premium if the company is able to complete its certification by 2019. Total benefit of income obtained from selling the certified products of CPO and PKO may cover the certification expense which does not exceed the cost paid with the discrepancy of 331 billion rupiahs. This amount can be used to establish another palm oil plantation, create jobs and contribute to domestic products. However, the net monetary loss is close to the value obtained from timber upon land clearing, which was at 286 billion rupiahs. Being sustainable is probably never about monetary value but more about the responsibility of managing the sustainable oil palm plantation and the environment that must be taken care of.Keywords: RSPO, oil palm plantation, cost and benefit analysis, oil palm in Papua, RSPO finansial benefit
      PubDate: 2017-09-03
      DOI: 10.17358/ijbe.3.3.219
      Issue No: Vol. 3, No. 3 (2017)
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