PT Catur Mitra Taruma is one of the cattle fattening companies having a role as a source of beef cattle inventory for the beef processing industry. However, this company has the potential to experience a variety of supply chain risks that can hamper the company's business processes in carrying out its operational activities. The purpose of this study is to identify and analyze the risks that potentially appear in the process of supply chain beef cattle at PT. Catur Mitra Taruma, asses and evaluate identified risks, and formulate priority risk of mitigation and risk of chain action. The identification of supply chain risk was done using the dimensions of Supply Chain Operation Reference (SCOR). The method used in this study was the House of Risk method, an analysis that aims to identify and prioritize the source of risk for effective mitigation measures to minimize the potential risk and the source of existing risks. The identification results showed that the source process had the greatest risk of a total of 29 identified risk events in the company. In addition, there were 13 priority risk sources based on the ranking order of the priority risk index (ARP), rating of the total of 45 identified risk sources in the company. From the results of risk management analysis, there are recommendations of 10 priority risk mitigation actions that can be applied in PT. Catur Mitra Taruma in a potential supply chain risk prevention action in the company. Keywords: supply chain, supply chain risk, risk management, House of Risk, cattle fattening business
{"title":"Management of Supply Chain Risk in Cattle Slice Fattening at PT. Catur Mitra Taruma","authors":"Aulia Rizky Elvandra, M. Maarif, S. Sukardi","doi":"10.17358/IJBE.4.1.88","DOIUrl":"https://doi.org/10.17358/IJBE.4.1.88","url":null,"abstract":"PT Catur Mitra Taruma is one of the cattle fattening companies having a role as a source of beef cattle inventory for the beef processing industry. However, this company has the potential to experience a variety of supply chain risks that can hamper the company's business processes in carrying out its operational activities. The purpose of this study is to identify and analyze the risks that potentially appear in the process of supply chain beef cattle at PT. Catur Mitra Taruma, asses and evaluate identified risks, and formulate priority risk of mitigation and risk of chain action. The identification of supply chain risk was done using the dimensions of Supply Chain Operation Reference (SCOR). The method used in this study was the House of Risk method, an analysis that aims to identify and prioritize the source of risk for effective mitigation measures to minimize the potential risk and the source of existing risks. The identification results showed that the source process had the greatest risk of a total of 29 identified risk events in the company. In addition, there were 13 priority risk sources based on the ranking order of the priority risk index (ARP), rating of the total of 45 identified risk sources in the company. From the results of risk management analysis, there are recommendations of 10 priority risk mitigation actions that can be applied in PT. Catur Mitra Taruma in a potential supply chain risk prevention action in the company. Keywords: supply chain, supply chain risk, risk management, House of Risk, cattle fattening business","PeriodicalId":15119,"journal":{"name":"Journal of Business and Entrepreneurship","volume":"62 1","pages":"88-88"},"PeriodicalIF":0.0,"publicationDate":"2018-01-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"74576419","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
The objectives of this research were to illustrate the business model of PT Labas with the Business Model Canvas (BMC) approach, to develop the business development strategy of the company, and to describe the development of the company. This research used a descriptive analysis method. The analyzing tools used in this research included the Business Model Canvas (BMC) and Strength, Weakness, Opportunities, Threats (SWOT) analysis. The portraits of the existing nine elements of BMC of PT Labas describe the business processes that have been run by the company at this time. The SWOT analysis from these nine elements resulted in several alternative business development strategies for PT Labas. The strategies that can be undertaken by PT Labas management include operational improvement, core-plasma partnership with the enlargement partners, innovation & product quality improvement, market development, and business capital enhancement. BMC improvement is conducted by strengthening the elements of customer segment, channel, customer relationship, key resources, key activities, key partnership, and cost structure. The development of the BMC element provides changes to other elements. Keywords: eel (Anguilla spp.), PT Labas, BMC, strategy, business development
{"title":"Eel Business Development Strategy in PT Laju Banyu Semesta (Labas)","authors":"Hesti Indri Purwaty, R. Oktaviani, O. Suparno","doi":"10.17358/IJBE.4.1.99","DOIUrl":"https://doi.org/10.17358/IJBE.4.1.99","url":null,"abstract":"The objectives of this research were to illustrate the business model of PT Labas with the Business Model Canvas (BMC) approach, to develop the business development strategy of the company, and to describe the development of the company. This research used a descriptive analysis method. The analyzing tools used in this research included the Business Model Canvas (BMC) and Strength, Weakness, Opportunities, Threats (SWOT) analysis. The portraits of the existing nine elements of BMC of PT Labas describe the business processes that have been run by the company at this time. The SWOT analysis from these nine elements resulted in several alternative business development strategies for PT Labas. The strategies that can be undertaken by PT Labas management include operational improvement, core-plasma partnership with the enlargement partners, innovation & product quality improvement, market development, and business capital enhancement. BMC improvement is conducted by strengthening the elements of customer segment, channel, customer relationship, key resources, key activities, key partnership, and cost structure. The development of the BMC element provides changes to other elements. Keywords: eel (Anguilla spp.), PT Labas, BMC, strategy, business development","PeriodicalId":15119,"journal":{"name":"Journal of Business and Entrepreneurship","volume":"68 1","pages":"99-99"},"PeriodicalIF":0.0,"publicationDate":"2018-01-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"83265418","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
This paper was aimed to analyze the efficiency of Manufacturing Sector in Province of Aceh – Indonesia. The analysis was conducted using the secondary data on manufacturing sector of Province of Aceh together with the Data Envelopment Analysis (DEA analysis). Based on the research, it was found that the manufacturers that had highest output included those producing Fertilizer, Chemical, and Rubber whereas the manufacturers that had the lowest output included Foods and Tobaccos. This condition was caused by the lower interest of the producers involving in foods and tobaccos products. By using DEA analysis, the efficiency value of each product is varied. Using constant return to scale (CRS) assumption, there are four manufactures that are not efficient, including Foods and Tobaccos, Textile, Animal skin products and shoes, and Fertilizer, Chemical, and Rubber products. Keywords: efficiency, manufacturing sector, data envelopment analysis
{"title":"The Efficiency of Manufacturing Sector: Empirical Evidence From Aceh Province Indonesia","authors":"M. Nasir, Eva Arafah, Hizir Sofyan","doi":"10.17358/IJBE.4.1.55","DOIUrl":"https://doi.org/10.17358/IJBE.4.1.55","url":null,"abstract":"This paper was aimed to analyze the efficiency of Manufacturing Sector in Province of Aceh – Indonesia. The analysis was conducted using the secondary data on manufacturing sector of Province of Aceh together with the Data Envelopment Analysis (DEA analysis). Based on the research, it was found that the manufacturers that had highest output included those producing Fertilizer, Chemical, and Rubber whereas the manufacturers that had the lowest output included Foods and Tobaccos. This condition was caused by the lower interest of the producers involving in foods and tobaccos products. By using DEA analysis, the efficiency value of each product is varied. Using constant return to scale (CRS) assumption, there are four manufactures that are not efficient, including Foods and Tobaccos, Textile, Animal skin products and shoes, and Fertilizer, Chemical, and Rubber products. Keywords: efficiency, manufacturing sector, data envelopment analysis","PeriodicalId":15119,"journal":{"name":"Journal of Business and Entrepreneurship","volume":"30 1","pages":"55-55"},"PeriodicalIF":0.0,"publicationDate":"2018-01-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"87135970","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Sago has been widely cultivated or nourished for a long time by farmers and traditional communities in some areas such as East Kolaka District of Southeast Sulawesi Province. The purpose of this research was to know the allocation of production factors in producing sago flour and to analyze the efficiency and condition of Return to Scale of sago processing business in East Kolaka District. This research used a descriptive analysis method. The data used were primary data and secondary data. The data obtained were tested by multiple linear regression and RTS test. Based on the results of the research, it was concluded that the average revenue of semi-mechanical sago processing business per month was Rp 6,881,524. Based on the analysis result, it was known that NPMx/Px of the number of sago stem was 8.78; the number of labour was 1.93, and fuel usage was 3.07 where the numbers were greater than 1. It means that the number of processed sago stems had not been economically efficient. From the efficiency of production factor, it can be concluded that the number of processed sago stems, the number of labour, and the fuel usage was not efficient yet. Keywords: sago processing, analysis of efficiency, revenue, production factor, return to scale
{"title":"Analyzing the Efficient Allocation of Sago Processing Business Production Factors in East Kolaka District","authors":"N. Nursalam","doi":"10.17358/IJBE.4.1.45","DOIUrl":"https://doi.org/10.17358/IJBE.4.1.45","url":null,"abstract":"Sago has been widely cultivated or nourished for a long time by farmers and traditional communities in some areas such as East Kolaka District of Southeast Sulawesi Province. The purpose of this research was to know the allocation of production factors in producing sago flour and to analyze the efficiency and condition of Return to Scale of sago processing business in East Kolaka District. This research used a descriptive analysis method. The data used were primary data and secondary data. The data obtained were tested by multiple linear regression and RTS test. Based on the results of the research, it was concluded that the average revenue of semi-mechanical sago processing business per month was Rp 6,881,524. Based on the analysis result, it was known that NPMx/Px of the number of sago stem was 8.78; the number of labour was 1.93, and fuel usage was 3.07 where the numbers were greater than 1. It means that the number of processed sago stems had not been economically efficient. From the efficiency of production factor, it can be concluded that the number of processed sago stems, the number of labour, and the fuel usage was not efficient yet. Keywords: sago processing, analysis of efficiency, revenue, production factor, return to scale","PeriodicalId":15119,"journal":{"name":"Journal of Business and Entrepreneurship","volume":"35 1","pages":"45-45"},"PeriodicalIF":0.0,"publicationDate":"2018-01-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"79625332","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
This research aimed to measure the Customer Satisfaction Index (CSI) and Customer Loyalty Index (CLI), analyze the effects of service quality and corporate image on customer satisfaction, analyze the effects of service quality and corporate image on customer loyalty, analyze the effects of customer satisfaction on customer loyalty, analyze the indicators of service quadrants required to be improved by using the Cartesian diagram, and analyze the managerial implications for the company in an effort to improve customer satisfaction and customer loyalty. The method used in the research was surveys supported by questionnaires to the customers of importers of KSO SCISI. The determination of the respondents was carried out using the non-probability sampling, and the data were analyzed using CSI (Customer Satisfaction Index), CLI (Customer Loyalty Index), Structural Equation Modeling Linear Structural Relationship (SEM LISREL) and IPA (Importance Performance Analysis). The results of the research show that service quality had positive effects on customer satisfaction, the corporate image had positive effects on customer satisfaction, the service quality had positive and significant effects on customer loyalty, and the corporate image had positive effects on customer loyalty while customer satisfaction had no positive effects on loyalty. The Customer Satisfaction Index indicates that the customers were satisfied with the services provided by KSO SCISI, and the Customer Loyalty Index also indicates that the customers were loyal to the services provided by KSO SCISI. Keywords: KSO SCISI, VPTI, customer satisfaction, customer loyalty, SEM, lisrel
{"title":"The Effects of VPTI's Corporate Image and Service Quality on Satisfaction And Loyalty of The KSO SCISI Customers","authors":"Arie Wibowo, H. Suwarsinah, L. Yuliati","doi":"10.17358/IJBE.4.1.75","DOIUrl":"https://doi.org/10.17358/IJBE.4.1.75","url":null,"abstract":"This research aimed to measure the Customer Satisfaction Index (CSI) and Customer Loyalty Index (CLI), analyze the effects of service quality and corporate image on customer satisfaction, analyze the effects of service quality and corporate image on customer loyalty, analyze the effects of customer satisfaction on customer loyalty, analyze the indicators of service quadrants required to be improved by using the Cartesian diagram, and analyze the managerial implications for the company in an effort to improve customer satisfaction and customer loyalty. The method used in the research was surveys supported by questionnaires to the customers of importers of KSO SCISI. The determination of the respondents was carried out using the non-probability sampling, and the data were analyzed using CSI (Customer Satisfaction Index), CLI (Customer Loyalty Index), Structural Equation Modeling Linear Structural Relationship (SEM LISREL) and IPA (Importance Performance Analysis). The results of the research show that service quality had positive effects on customer satisfaction, the corporate image had positive effects on customer satisfaction, the service quality had positive and significant effects on customer loyalty, and the corporate image had positive effects on customer loyalty while customer satisfaction had no positive effects on loyalty. The Customer Satisfaction Index indicates that the customers were satisfied with the services provided by KSO SCISI, and the Customer Loyalty Index also indicates that the customers were loyal to the services provided by KSO SCISI. Keywords: KSO SCISI, VPTI, customer satisfaction, customer loyalty, SEM, lisrel","PeriodicalId":15119,"journal":{"name":"Journal of Business and Entrepreneurship","volume":"25 1","pages":"75-75"},"PeriodicalIF":0.0,"publicationDate":"2018-01-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"78005535","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
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
{"title":"Comparison of the Performance of SOEs Banks and Private Banks and its Influece to the Stock Prices","authors":"Husnul Insan, Y. Syaukat, I. T. Saptono","doi":"10.17358/IJBE.3.3.187","DOIUrl":"https://doi.org/10.17358/IJBE.3.3.187","url":null,"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","PeriodicalId":15119,"journal":{"name":"Journal of Business and Entrepreneurship","volume":"111 1","pages":"187-187"},"PeriodicalIF":0.0,"publicationDate":"2017-09-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"79335735","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
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)
{"title":"Business Model Canvas and Strategies to Develop Biodiesel Industry of PT. XYZ in Order to Implement CPO Supporting Fund Policy","authors":"Aman Mustika, R. Oktaviani, S. Sukardi","doi":"10.17358/IJBE.3.3.176","DOIUrl":"https://doi.org/10.17358/IJBE.3.3.176","url":null,"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)","PeriodicalId":15119,"journal":{"name":"Journal of Business and Entrepreneurship","volume":"9 1","pages":"176-176"},"PeriodicalIF":0.0,"publicationDate":"2017-09-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"84298722","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
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
{"title":"Performance and Strategies to Develop Waste Business","authors":"Dika Anggari, U. Sumarwan, L. Yuliati","doi":"10.17358/IJBE.3.3.207","DOIUrl":"https://doi.org/10.17358/IJBE.3.3.207","url":null,"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","PeriodicalId":15119,"journal":{"name":"Journal of Business and Entrepreneurship","volume":"54 1","pages":"207-207"},"PeriodicalIF":0.0,"publicationDate":"2017-09-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"74120135","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
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
{"title":"Cost and Benefit Analysis of RSPO Certification (Case Study in PT BCA Oil Palm Plantation in Papua)","authors":"Faris Salman, M. Najib, S. Djohar","doi":"10.17358/IJBE.3.3.219","DOIUrl":"https://doi.org/10.17358/IJBE.3.3.219","url":null,"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","PeriodicalId":15119,"journal":{"name":"Journal of Business and Entrepreneurship","volume":"1 1","pages":"219-219"},"PeriodicalIF":0.0,"publicationDate":"2017-09-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"87350528","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
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
{"title":"Strategy to Develop Rice Farm Business Insurance in PT Asuransi Jasa Indonesia","authors":"Graita Gaiety Jatmiko, A. Daryanto, R. Hasbullah","doi":"10.17358/IJBE.3.3.196","DOIUrl":"https://doi.org/10.17358/IJBE.3.3.196","url":null,"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","PeriodicalId":15119,"journal":{"name":"Journal of Business and Entrepreneurship","volume":"126 1","pages":"196-196"},"PeriodicalIF":0.0,"publicationDate":"2017-09-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"86399495","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
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