IDENTIFICATION OF ACTORS, FACTORS, RESTRUCTURING OPTIONS, AND IMPLEMENTATION STRATEGIES FOR IMPROVING PERFORMANCE AND GROWTH OF BUMD OF FOOD SECTOR IN JAKARTA
The market share control of BUMD in the food sector in Jakarta is between 2-8 percent. This condition has been unable to fulfill the target set by the Provincial Government and has not operated effectively as a regional parastatal. Therefore, efforts are being made through organic strategy to achiev...
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| Format: | Article |
| Language: | English |
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iVolga Press
2020-08-01
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| Series: | Russian Journal of Agricultural and Socio-Economic Sciences |
| Subjects: | |
| Online Access: | https://rjoas.com/issue-2020-08/article_15.pdf |
| _version_ | 1797765249007353856 |
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| author | Siahaan H.M.P. Priyarsono D.S. Rifin A. Arifin B. |
| author_facet | Siahaan H.M.P. Priyarsono D.S. Rifin A. Arifin B. |
| author_sort | Siahaan H.M.P. |
| collection | DOAJ |
| description | The market share control of BUMD in the food sector in Jakarta is between 2-8 percent. This condition has been unable to fulfill the target set by the Provincial Government and has not operated effectively as a regional parastatal. Therefore, efforts are being made through organic strategy to achieve a target of 30 percent, although it has been difficult. Meanwhile, there is a great chance of achieving this target because food demand continues to increase every year due to population growth. When the performance and growth of a company are no longer able to develop with classic or organic strategy, then inorganic growth is another alternative that can be taken. Therefore, this research aimed to identify the actors, factors, and the most appropriate strategy alternatives to improve the performance and growth of BUMD, and how to implement them. Quantitative methods were used, which based on questionnaires from 5 experts who understand the characteristics and business processes of 3 BUMDs in the food sector. Furthermore, data were analyzed by AHP and triangulation methods to formulate implementation strategies using BMC. The results showed that at the level of Actor, Factor, and Strategy alternative, the most important are BUMD management, GCG, and holding company respectively. The recommended classification is a management holding company, which can control and monitor the business decision making of the subsidiary. However, the biggest challenge is GCG that is less optimal, disparities in human resources, weak competitive advantage, and political intervention. |
| first_indexed | 2024-03-12T20:07:37Z |
| format | Article |
| id | doaj.art-27101bcad877454da34a7b3034afef31 |
| institution | Directory Open Access Journal |
| issn | 2226-1184 |
| language | English |
| last_indexed | 2024-03-12T20:07:37Z |
| publishDate | 2020-08-01 |
| publisher | iVolga Press |
| record_format | Article |
| series | Russian Journal of Agricultural and Socio-Economic Sciences |
| spelling | doaj.art-27101bcad877454da34a7b3034afef312023-08-02T01:55:33ZengiVolga PressRussian Journal of Agricultural and Socio-Economic Sciences2226-11842020-08-01104812613410.18551/rjoas.2020-08.15IDENTIFICATION OF ACTORS, FACTORS, RESTRUCTURING OPTIONS, AND IMPLEMENTATION STRATEGIES FOR IMPROVING PERFORMANCE AND GROWTH OF BUMD OF FOOD SECTOR IN JAKARTASiahaan H.M.P.0Priyarsono D.S.1Rifin A.2Arifin B.3Business School, IPB UniversityDepartment of Economics, Faculty of Economics and Management, IPB UniversityDepartment of Agribusiness, Faculty of Economics and Management, IPB UniversityDepartment of Agricultural Economics/Agribusiness, University of LampungThe market share control of BUMD in the food sector in Jakarta is between 2-8 percent. This condition has been unable to fulfill the target set by the Provincial Government and has not operated effectively as a regional parastatal. Therefore, efforts are being made through organic strategy to achieve a target of 30 percent, although it has been difficult. Meanwhile, there is a great chance of achieving this target because food demand continues to increase every year due to population growth. When the performance and growth of a company are no longer able to develop with classic or organic strategy, then inorganic growth is another alternative that can be taken. Therefore, this research aimed to identify the actors, factors, and the most appropriate strategy alternatives to improve the performance and growth of BUMD, and how to implement them. Quantitative methods were used, which based on questionnaires from 5 experts who understand the characteristics and business processes of 3 BUMDs in the food sector. Furthermore, data were analyzed by AHP and triangulation methods to formulate implementation strategies using BMC. The results showed that at the level of Actor, Factor, and Strategy alternative, the most important are BUMD management, GCG, and holding company respectively. The recommended classification is a management holding company, which can control and monitor the business decision making of the subsidiary. However, the biggest challenge is GCG that is less optimal, disparities in human resources, weak competitive advantage, and political intervention.https://rjoas.com/issue-2020-08/article_15.pdfcorporate restructureregionally-owned holding companymanagementstrategy |
| spellingShingle | Siahaan H.M.P. Priyarsono D.S. Rifin A. Arifin B. IDENTIFICATION OF ACTORS, FACTORS, RESTRUCTURING OPTIONS, AND IMPLEMENTATION STRATEGIES FOR IMPROVING PERFORMANCE AND GROWTH OF BUMD OF FOOD SECTOR IN JAKARTA Russian Journal of Agricultural and Socio-Economic Sciences corporate restructure regionally-owned holding company management strategy |
| title | IDENTIFICATION OF ACTORS, FACTORS, RESTRUCTURING OPTIONS, AND IMPLEMENTATION STRATEGIES FOR IMPROVING PERFORMANCE AND GROWTH OF BUMD OF FOOD SECTOR IN JAKARTA |
| title_full | IDENTIFICATION OF ACTORS, FACTORS, RESTRUCTURING OPTIONS, AND IMPLEMENTATION STRATEGIES FOR IMPROVING PERFORMANCE AND GROWTH OF BUMD OF FOOD SECTOR IN JAKARTA |
| title_fullStr | IDENTIFICATION OF ACTORS, FACTORS, RESTRUCTURING OPTIONS, AND IMPLEMENTATION STRATEGIES FOR IMPROVING PERFORMANCE AND GROWTH OF BUMD OF FOOD SECTOR IN JAKARTA |
| title_full_unstemmed | IDENTIFICATION OF ACTORS, FACTORS, RESTRUCTURING OPTIONS, AND IMPLEMENTATION STRATEGIES FOR IMPROVING PERFORMANCE AND GROWTH OF BUMD OF FOOD SECTOR IN JAKARTA |
| title_short | IDENTIFICATION OF ACTORS, FACTORS, RESTRUCTURING OPTIONS, AND IMPLEMENTATION STRATEGIES FOR IMPROVING PERFORMANCE AND GROWTH OF BUMD OF FOOD SECTOR IN JAKARTA |
| title_sort | identification of actors factors restructuring options and implementation strategies for improving performance and growth of bumd of food sector in jakarta |
| topic | corporate restructure regionally-owned holding company management strategy |
| url | https://rjoas.com/issue-2020-08/article_15.pdf |
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