Kebijakan dan strategi peningkatan kinerja bumn abc holding

Utoyo, Bambang (2019) Kebijakan dan strategi peningkatan kinerja bumn abc holding. Doctoral thesis, Institut Pertanian Bogor.

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Abstract

The government's efforts to improve the performance of SOEs include establishing a holding for SOEs that are similar in their business fields. The establishment of the holding company has been carried out in several business fields, including PT Pupuk Indonesia Holding Company for state-owned companies in the fertilizer industry, PT Semen Indonesia Holding Company for state-owned companies in the cement industry, and PT XYZ Holding Company in plantation and pharmaceutical businesses. and BUMN ABC Holding for BUMN in the plantation business. The formation of BUMN ABC Holding was intended to increase BUMN ABC Holding's and its subsidiaries' performance. But unfortunately, the results of the study revealed that the financial and operational performance of BUMN ABC Holding's subsidiaries during the 2014-2017 period was no better than the performance before the holding, and BUMN ABC Holding's performance was lower than the target in the holding proposal. The research objectives are to: 1) Analyze the development of the performance of BUMN subsidiaries before and after holding, holding performance, and the factors that influence its performance; 2) Analyze, and Formulate policies that need to be carried out by the government to improve the performance of BUMN ABC Holding and its subsidiaries, including proposed systems for evaluating the performance of plantation SOEs, and holding stateowned plantations, as well as forms of state-owned holding plantations; 3) Analyze, and formulate a strategy that needs to be done by BUMN ABC Holding to improve the performance of BUMN ABC as a whole. Data collection is carried out through field surveys, interviews, in-depth interviews, and FGDs with experts. The data was then obtained by descriptive statistics, non-parametric statistics, soft system methodology (SSM) including rich picture (RP), root definition (RD), and purposive activity model (PAM) and a system of system methodology (SOSM) which included the strategic assumption of surfacing and testing (SAST), interpretive structural modeling (ISM), and analytical network process (ANP). From descriptive statistics, it is known that the equity of BUMN ABC Holding subsidiary was better than before holding established due to asset revaluation. Profit and Loss and ROA are no better than before holding, ROE and DER have no significant changes. BUMN ABC Holding's performance is far lower than the target set in the holding proposal. Statistic non-parametric test hypotheses whether equity, profit and loss, ROA, ROE, and DER, equal or not before and after holding. By using a 90% significance level, the results of the hypothesis test show: 1) There are differences in equity before and after holding (equity after holding is higher); 2) There is a difference in income before and after holding (deteriorating profit-loss performance after holding); 3) There are differences in ROA before and after holding (decreasing ROA after holding); 4) There is no difference in ROE after and before holding; 5) There is no difference in DER after and before holding. With SSM analysis, the problem of policy and strategy described in the rich picture is continued with root definition which results in more focused root causes. The results of the analysis show that the performance of BUMN ABC Holding is due to the government's inconsistency in the bio diesel and bio ethanol program, the absence of individual performance appraisals, the formation of holding companies which are not preceded by good due diligence, the absence of subsidiary governance guidelines there are financial difficulties that have an impact on fertilization, maintenance and replanting that are not in accordance with the standards, human resources whose capabilities and integrity still need to be improved, as well as the tendency for the decline in plantation commodity prices. From the results of the analysis of SAST and ISM, it can be obtained the definite important variables which have a high driving power and independent level that can be used as a basis for the preparation of policies and strategies, which are; 1) the existence of performance assessment of the holding; 2) the performance self-assessment of plantation SOEs is focused on the sustainability of the plantation business. 3) the existence of a certain legal basis related to the position of SOEs; 4) global synergies to stabilize the plantation products prices; 5) intensive and integrated campaigns by all stakeholders to mitigate any negative issues on plantation products; 6) bio ethanol and bio diesel programs that are carried out consistently by the government; 7) the presence of clear criteria for replacement if necessary of the position of directors and commissioners before their term of office is completed; 8) the selection of directors of subsidiaries is the authority of the parent company; 9) strengthening subsidiaries governace; 10) the enhancements of HR capabilities and integrity; 11) the development of talent pool for developing innovations; 12) strengthen the synergy between holding with subsidiaries (breaking the silos); 13) development of downstream industries ;14) production machinery rejuvenation and revitalization of low productivity assets; 15) IT development to integrate financial and operating data; 16) fertilization according to standards; 17) standardised maintenance; and 18) technology development for efficient production and distribution. From the results of ANP analysis, it can be concluded that the priority policies and performance improvement strategies of BUMN ABC Holding are: 1) performance self-assessment of the holding; 2) bio ethanol and bio diesel programs carried out by the government consistently; 3) strengthen the governance of subsidiaries; 4) development of downstream industries; 5) technology development for efficient production and distribution; and 6) the enhancements of HR capabilities and integrity. Government policies in improving institutions, competitive advantages, and governance, as well as strategies, have been carried out by BUMN ABC Holding in sales, human resource development, investment, production, procurement of goods and services, and financing have not been able to improve BUMN ABC Holding's performance. If there is no sharpening of the policies and strategies that have been carried out, then the performance of BUMN ABC Holdings will not increase as expected. In making policies and strategies for improving BUMN ABC Holding's performance, the results of this study can be one of the references.

Item Type: Thesis (Doctoral)
Uncontrolled Keywords: analytical network process, holding, interpretive structural modeling, peningkatan kinerja, soft system methodology, SSM, ANP, SEM. analytical network process, holding, interpretive structural modelling, performance improvement, soft system methodology.
Subjects: Manajemen Sumber Daya Manusia
Depositing User: SB-IPB Library
Date Deposited: 07 Jan 2020 03:08
Last Modified: 07 Jan 2020 05:57
URI: http://repository.sb.ipb.ac.id/id/eprint/3530

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