Business In Indonesia Research Articles

Performance measurement of Tempeh crackers supply chain management using Halal criteria on SCOR Model

Currently, the Indonesian business world is still dominated by Small and Medium Enterprises (SME). The number of SME has reached more than 26 million businesses, with Sumatera Utara being the province with the fourth largest number of SME in Indonesia. Every SME that produces halal products needs to measure its production performance by considering halal criteria to find out and measure the implementation of Islamic principles in product processing. There are 15 Key Performance Indicators used in measuring performance with SCOR Model and 6 of them are related to halal, namely Halal MUI label, Halal raw material, Order received damage free, Accuracy payment to suppliers, Appropriate in paying salaries, and number of defective products. Final performance of Tempeh SME is 45.94; which shows the performance of SME is still in a marginal condition. Based on the identification with the traffic light system, out of 15 KPIs (Key Performance Indicators) there are 7 KPIs that have a red color which indicates that repairing efforts are needed, namely: meetings with customers, MUI halal labels, number of defective products, flexibility in product manufacturing, equipment life, complain rate, and product replacement time.

Financial Literacy Effect and Fintech in Investment Decision Making

Indonesia is a country that has a fairly good level of investment from year to year, based on KSEI 2020 data. This indicates that Indonesia's business opportunities are quite promising. This increase in investment was also followed by technological developments in the financial sector as we know fintech. The results of this fintech product have been widely used by many groups, especially for investment activities. This is one of the driving points for increasing investment in Indonesia. In general, investments are usually made by people who have sufficient literacy skills. Because various experiences state that someone who has good financial literacy will be able to make good decisions in terms of finances that have both short and long term impacts. However, the current condition has a different pattern where even without financial literacy the cloud community is currently able to invest even if they only get a little information. This research was conducted to see and explain the phenomena that occurred and provide confirmation that the shift in perspective patterns occurred. The result of the research states that financial literacy does not influence a person in making decisions, while fintech is a factor that influences someone in making investment decisions.

ANALISIS DAN PERANCANGAN SISTEM INFORMASI PENENTUAN SHUTDOWN POINT PADA PT. LARIS SUMUT MAKMUR MEDAN

This research was conducted aiming to design a New Student Selection Decision Support System. To help the selection process for new student admissions at the Indonesian Business Polytechnic, a decision support system (SPK) was designed to help the data processing of prospective new students who register using the Weighteded Product (WP) method. This Weighteded Product method is done by using multiplication to link the attribute rating, where the rating of each attribute must be raised first with the Weighted of the attribute in question. The criteria used in this Decision Support System consist of: capacity, achievement, academic tests, age, and passing scores. From the sample of data examined, the ranking results were found to be the best value of prospective students with a value of 0.0841 and 0.0791.

SISTEM PENYELEKSI MAHASISWA BARU BERBASIS WEB MENGGUNAKAN METODE WEIGHTED PRODUCT

This research was conducted aiming to design a New Student Selection Decision Support System. To help the selection process for new student admissions at the Indonesian Business Polytechnic, a decision support system (SPK) was designed to help the data processing of prospective new students who register using the Weighted Product (WP) method. This Weighted Product method is done by using multiplication to link the attribute rating, where the rating of each attribute must be raised first with the weight of the attribute in question. The criteria used in this Decision Support System consist of: capacity, achievement, academic tests, age, and passing scores. From the sample of data examined, the ranking results were found to be the best value of prospective students with a value of 0.0841 and 0.0791.

Penerapan Data Mining Asosiasi pada Pola Transaksi dengan Metode Apriori

Indonesian business is a promising thing, the competition that occurs in the business of business people is always trying to be strategic and breakthroughs that can ensure the continuity of what they do. The youngest business cafe / restaurant, especially among young people to adults. The development of the Cafe / Restaurant business in Indonesia is growing rapidly, this can be seen from the many cafes / restaurants that have emerged which provide attractive interior design venues and offer a comfortable and pleasant atmosphere to gather with family and friends. Many competitors in business, especially in cafes / restaurants, require developers to find strategies that can increase sales, one of which is the use of transaction data.Data Mining is the process of extracting information from data sets through the use of algorithms and techniques involving the fields of statistics, machine learning, and database management system. A priori algorithms are a type of association rule in data mining. In this study using secondary data. The results of calculations and analysis of consumer research using Data Mining with the Apriori Algorithm method, overall from the sales sample data obtained 52 association rules that meet support above 20% and 50% confidence. Based on the test results using Rapidminer, it can be rejected by that the product that consumers are more interested in is the minimum confidence above 50%.

The impact of macroeconomic variables on credit risk: Evidence from Indonesian business sector level data

This study aims to empirically examine the effect of macroeconomic variables on credit risk in each business sector in Indonesia. Using time-series quarterly data during the period 2011q1-2019q2, this study utilized the Autoregressive Distributed Lag (ARDL) model. The results of this study explain that macroeconomic variables namely GDP growth in the long run have a significant negative effect on credit risk in 6 sectors and in the short term have a significant negative effect on 6 sectors. Inflation has a significant positive effect in the long run on one sector, namely the provision of accommodation and provision of food and drink, and a significant negative effect on 6 sectors, in the short term inflation has a significant positive effect on 7 sectors and a significant negative effect on one sector, namely education services. The last variable is the long-term loan interest rate which has a positive effect on 7 sectors and in the short term has a significant positive effect on 6 sectors on the high value of credit risk in each business sector in Indonesia. The result indicating that macroeconomic variables have a real impact on credit risk.

Family Business Sustainability through Community Orientation

<p>This research aims to explore the sustainability of family business through the implementation of Corporate Social Responsibility (CSR) to the community surrounding the company. As many research studies mentioned that family businesses are often strongly anchored in the local community, the high commitment to the local community will leads to a high degree of socially responsible acting. Qualitative method is used in the form of a case of an Indonesian small business in Bogor. The data collection is done using direct methods like observation, interview, and going through the company documentations to comprehend the case situation. The result of the research shows that the CSR implementation, in case observed, was in accordance with the needs of surrounding community. The CSR activities were in the form of the education, religious activities, public facilities, employee and community empowerment. The community and the company were supporting each other in order to make the activity success. This study concludes that this symbiotic CSR could be new model for family business enterprises sustainability through CSR.</p>

Strategy Creation Procedures at Corporation in Indonesia: Concept vs Practice

Strategy will valuable when it is used as a managerial process for developing and sustaining the integrations between organizational goal, organizational resources, and the continuously changing market opportunity with an objective to shape and adjust organizational effort and products, so an organization can reach competitive advantage. This paper is written to contrast the strategy formulation process and the functions of strategy embedded in the formulation process in textbook theoretical side and in practical side in business organizations in Indonesia. This study uses a questionnaire to see respondents' responses. Majority of the 82 organizations participating in this study believe that they use the same strategy formulation process as the theory suggested and they also believe that they are utilizing the strategic functions embedded in the formulation process. The results of this study are expected to be able to give contribution to the business organizations when they are formulating their strategy, effort that they have to invest, and advantages that they can utilize by having a specific strategy formulation process. The well crafted and adjusted strategy to changes of the environment and internal factors will enable organizations more focus in reaching their long-term goal and adapting to uncontrollable changes.

MAPPING INDUSTRI KREATIF KECAMATAN KEDUNGKANDANG KOTA MALANG

The creative industry is one sector that is currently being intensified by the government. It is hoped that each region in Indonesia has a creative industry that can be developed. This study aims to map the creative industry in Kedungkandang District, Malang City which refers to the 2015 version of the Indonesian Business Sector Standard (KBLI). This research was conducted in Kedungkandang District, Malang City with a research focus on 32 creative industries. Then to find out the description of the creative industry in Malang, the social mapping method is used. The results showed that Kedungkandang District is a sub-district with the lowest creative industry players in Malang City. In Kedungkandang District, only a few sub-sectors of the creative industry have developed well, namely crafts, fashion and culinary. The knitting craft industry is an alternative for developing the creative industry in Kedungkandang District. With a focus on the creative industry, Kedungkandang District will have a unique characteristic of Kedungkandang District. Key words: Creative, Industries, Kedungkandang sub-district

TANTANGAN PENERAPAN SISTEM BELAJAR ONLINE BAGI MAHASISWA DITENGAH PANDEMIK COVID-19

The Covid-19 virus epidemic that hit Indonesia had an impact on policies in changing creative, adaptive and innovative teaching and learning processes. In preventing the spread of the covid-19 virus, the Indonesian government closed schools and universities for a while. Campus management conducts health protocols without reducing teaching and learning process between students and lecturers. One of the activities carried out on campus is by conducting online or online classes using various applications such as zoom and E-learning. This research method is done by qualitative methods. Data obtained by conducting a survey of 50 Indonesian Business Polytechnic students online. The purpose of this research is to get information about problems and obstacles faced by students when conducting the online learning process. This research is expected to be able to provide input for higher education institutions in managing and providing policies during the Covid-19 pandemic

Analysis of the factors determining social media instragram as promotion media on the online shop in DKI Jakarta area

Social media is basically regarded as one kind of communication media. Social media in general is a medium used to socialize (connection, either personal or group and so on) among the users, it is not any exception, Indonesia's business community is Instagram social media. Instagram is one of the social networking apps used to share photos and videos that allow users to take photos and share them with followers. This way is used by online shop to promote its products. This study aims to determine and analyze the factors that determine Instagram social media as a campaign media on the online shop 1) Cognitive, 2) Affective, 3) Personal Integration, 4)Social Integration, 5) Release Tension, 6) Accessibility, 7) Relative Cost, 8) Life Style Envy about 3 online shops @elzattahijab, @zoyalovers, and @rabbaniprofesorkerudung_shop which are selling or offering women's clothing. This research uses descriptive qualitative method. Informant in this research is divided into 2 (two) that is key informant and main informant. Data analysis using comparative constant model The process of data analysis includes data reduction, data category,and sisntesisation. The 8 (eight) factors that determine social media Instagram as media promotion on the online shop and there are 7 (seven) factors that determine the online shop @elzattahijab, @zoyalovers, and @rabbaniprofesorkerudung using Instagram as a media campaign on their online shop which is, cognitive, affective , personal identity, social identity, release of tension, easy accessibility, relative reasonable cost factors. For life style envy or jealousy lifestyle, online shop does not feel this factor has become one of the use of social media Instagram as a media campaign on their online shop. And researchers have found one factor that become online factor shop @elzattahijab, @zoyalovers, and @rabbaniprofesor kerudung using Instagram as a media campaign, the innovation feature on Instagram is Insta Stories and live broadcast. Keywords: Promotion, Instagram, Online Shop

The Influence of Financial Literacy on Interest in Investing for the Academic Community of Akademi Keuangan & Bisnis Indonesia Internasional (AKBII), Bandung, Indonesia

This paper aims to analyze the effect of financial literacy on investment interests among academicians. The study was conducted on all four aspects of financial literacy, namely general knowledge of personal finance, savings and loans, insurance, and investment partially and simultaneously on investment decisions from lecturers, employees, and students at the Indonesian International Finance and Business Academy in Bandung. The subjects in this study were lecturers, employees, and active students majoring in management and accounting at the Indonesian International Finance and Business Academy in Bandung with a total number of 240 questionnaire respondents. The results of the analysis show that financial literacy has a strong influence on investment interests for the academics of the Bandung International Finance and Business Academy.

KUALIFIKASI BADAN USAHA PADA PENGEMBANGAN UNIT USAHA PADA GRUP USAHA BUMN

Specifically related to companies owned by the state, Law No. 19 of 2003 concerning State Owned Enterprises (BUMN Law), it is explained that SOEs are business entities whose entire or most of their capital is owned by the state through direct participation from the separated state assets.Furthermore, each state-owned company in its development can develop its business units into an independent business entity whose shareholders are state-controlled companies and whose capital comes from company assets controlled by the state and not from direct participation in state assets. separated. The difference in authorized capital between a company controlled by the state and a subsidiary of a company controlled by the state can lead to unclear legal status of the business entity or legal entity of a subsidiary controlled by the state because based on BUMN Law, a BUMN is only qualified as a BUMN if the capital is obtained from the investment directly from the country's wealth. Furthermore, the status of BUMN in Indonesian business activities has several priorities that have been determined by laws and regulations, so that the clarity of the status of a subsidiary of a state-controlled company needs to be further studied.

Two Decades of Indonesian Business Competition Law: Implementation, Enforcement and Contribution to the Economy

Two decades have been passed the Business Competition Law and the KPPU (The Commission of Supervisory of Business Competition) was born in economic democracy of Indonesia. During that time, the existence of the Business Competition Law and KPPU can be assessed as the executor and enforcer. This paper uses a normative analytical approach to examine the implementation and enforcement of the Business Competition Law and its contribution to the Indonesian economy. Analysis of the implementation, enforcement of the Business Competition Law is based on the cases that occur in Indonesia and based on the KPPU decision. The KPPU decision is seen from the aspect of implementation and enforcement of the Business Competition Law. Then, this paper also tries to connection the enactment of the Business Competition Law with its contribution to the economy. The analysis result is: 1) Business Competition Law, substantially, including a complex legal provisions, which are divided into agreements and prohibited activities. 2) KPPU tries to take a role and authority in law enforcement of business competition, but it is not yet optimal. The legal provisions for business competition have not been able to encourage vertical mobility from small companies to become medium and big companies. Facts and data still note that most companies in Indonesia are small companies. This shows that there is still a concentration of market dominance in several big companies. It is a duty of KPPU to ensure the market runs well, fair competition, and in opportunity are open. 3) KPPU has a challenge to encourage the improvement of the small companies status to medium companies, from medium companies to become a big companies by ensuring an open business climate and fair business competition. Recommendation: 1) KPPU has more realease a technical regulations related to procedures for handling cases that follow various kinds of agreements and or activities that are prohibited by the Competition Law. 2) KPPU must be more proactive and responsive related to the issues of the interests from many people. 3) KPPU must pay more attention to the development of the digital economy industry which has a potential to become one of the contributors to state income. KPPU must ensure that the development of the digital economy runs in fair business competition to bring up many new companies. Keywords. Business Competition, Business Competition Law, The Commission of Supervisory of Business Competition.

"I'll See U Later": SELF-EFFICACY AND ACADEMIC PROCRASTINATION IN PSYCHOLOGY STUDENTS IN THE INDONESIAN INFORMATICS AND BUSINESS UNIVERSITY

Students certainly cannot be separated from academic and non-academic assignments. The tasks are faced by students can not be separated from the number and burden of courses taken. This makes students feel tired and have trouble dividing time. This phenomenon occurs in faculty students psychology University of Informatics and Business Indonesia level 2 and 3. Some psychology students level 2 and 3 have done academic procrastination because they felt unable and not sure to complete the course assignments taken. This research aims to see whether there is a relationship of Self-Efficacy with Academic Procrastination on students Psychology of the University of Informatics and Business Indonesia. The method used in this study is a correlational quantitative method. The sampling of this research used technique Accidental Sampling at the level 2 and 3 psychology faculty students Indonesian Business (N = 50). This study uses two types of scales, namely the self-efficacy scale (35 items valid, ) and academic scale procrastination (36 valid items, .). Data analysis using techniques Pearson Product Moment Correlation with the help of IBM SPSS Statistics 25 Version for Windows. Results The analysis shows that there is no relationship of self-efficacy with academic procrastination (p = 0.063 with p> 0.05) in the students of the psychology faculty level 2 and 3, University of Informatics and Indonesian business. The results of the study were not signi¦cant of possible due to other factors being has more influence on academic procrastination. Among them are academic motivation andself regulation

The Indonesian Business Competition Law: How the Police Plays a Role?

Introduction to The Problem: In Indonesia, there are specialized and independent institutions in enforcing business competition law. The institution is the Business Competition Supervisory Commission or KPPU. It is because the suspected of business actors who violate Act No. 5 of 1999 are often uncooperative. In assisting KPPU, the Anti-Monopoly Law mandates the police to enforce business competition law in Indonesia. But, the extent the police’s role in helping the KPPU’s duty became the arising problem that should be discussed. Purpose/Objective Study: This research wants to discuss the role of the police in enforcing business competition law. Design/Methodology/Approach: This research is doctrinal research (normative juridical); an investigation that uses a statutory approach. The legal material referred to in this study focuses on the primary legal content, namely Act No. 5 of 1999 on Prohibition of Monopoly Practices and Unfair Business Competition, or it often called Anti-Monopoly Law, and the Indonesian Criminal Law Code (KUHP). Findings: This research shows that the police have the authority to uphold business competition law. The Anti-Monopoly Law gives power to the police in assisting KPPU. The provisions for the role of the police are contained in Article 36, Article 41 paragraph (3), and Article 44 paragraph (5) of the Anti-Monopoly Act. The role of the police to enforce business competition law begins at the time of the investigation or inspection process if the KPPU requests assistance to present reported parties, witnesses, expert witnesses, and other parties involved in business competition cases.

Board characteristics and environmental performance in Indonesian family business

Board characteristics and environmental performance in Indonesian family business

Owner-manager objectives as significant driving factor of family business performance

The purpose of this study was to determine performance as conceived by the owner-manager (POM) of the owner-manager profile (OMP) and owner-manager objectives (OMO). In analysing the results, the researcher used the method of partial least square regression software applied to data from 56 Indonesian business families. The results obtained are first, OMO has a significant effect on POM. Second, OMP has no significant effect on POM. Indicators of owner-manager education are influential as formative indicators of OMP. The indicator of knowledge sharing knowledge and knowledge of the growth of the owner-managers company has an effect as a formative indicator of OMO. Indicator of the ability to use company resources and the ability to read owner-manager financial statements have an effect as a formative indicator of POM.

GREEN ACCOUNTING PADA LOCALCHAIN MANAGEMENT HOTEL DAN INTERNATIONAL CHAIN MANAGEMENT HOTEL DI BALI

This study aims at identifying whether local chain management hotel andinternational chain management hotel in Bali have different environmental awareness, environmental responsibility, environmental involvement, environmental accounting reporting, as well as environmental audit. The data used in this study is primarydata,whichwerecollectedbyusinginstrumentthatwasadaptedfromSusilo (2008). There are 45 questionnaires that meet the requirements for testing. The results of the Independent Sample T-test analysis show that there is no difference of environmental awareness between local chain management hotel and international chain management hotel in Bali. However, there are differences of environmental responsibility, involvement in protecting the environment, environmental accounting reporting as well as environmental audit between local chain management hotel and international chain management hotel. This study provides an understanding of whether there are differences of the application of green accounting in local hotel chainmanagementandinternationalchainmanagementhotel,somethingthat,tothe best of our knowledge, have never been investigated previously, especially in the hospitality business inIndonesia.

The Construction of Kekeluargaan as an Indonesia’s Organizational Culture

Indonesia has the largest economy in Southeast Asia and the seventh largest GDP in the world, yet little is known about Indonesia’s organizational culture. This paper develops a deep understanding of kekeluargaan (kinship), which derives from an anthropological and sociological epistemologies. The paper explores Javanese culture as the foundation of Indonesia’s business context. A qualitative and indigenous approach was designed to determine if the kekeluargaan norm exists in the Indonesian workplace today. Document analysis and semi-structured interviews were used to collect data. The findings show that the kekeluargaan norm acts as the foundation of Indonesia’s organisational culture; with, hormat (respect) and rukun (harmony). Three proposition are given to consider the importance of understanding kekeluargaan as a salient Indonesian organizational culture. The paper concludes managerial and theoretical implications to Indonesian business context.