Strategic Planning and Firm Performance: The Mediating Role of Strategic Maneuverability

Hermas KORNELIUS,Hendrawan SUPRATIKNO,Innocentius BERNARTO,Anton Wachidin WIDJAJA 한국유통과학회 2021 The Journal of Asian Finance, Economics and Busine Vol.8 No.1

This study aims to explore the relationships between strategic planning, strategic maneuverability, and firm performance in the current dynamic business environment. It employs a quantitative research method and reports on a survey, using a questionnaire, of service companies in Indonesia’s oil and gas industry. Of the 337 companies selected by simple random sampling from a vendor database, responses were received from 70 companies. The analysis was performed using Partial Least Square Structural Equation Modeling and SmartPLS software. The analysis consisted of descriptive statistics, evaluation of the measurement model, evaluation of the structural model, and hypotheses testing. The results show that both strategic planning and strategic maneuverability have a positive relationship with firm performance. In addition, there is a positive relationship between strategic planning and firm performance through the mediating role of strategic maneuverability. The findings suggest that the organizational agility, organizational flexibility, and organizational responsiveness that constitute strategic maneuverability have a positive direct and indirect effect on firm performance, namely financial performance, customer performance, internal process performance, and learning and growth. This study contributes to the strategic management literature and the theory of maneuvers by providing empirical evidence on the relationship between strategic planning, strategic maneuverability, and firm performance.

Millennial Transformational Leadership on Organizational Performance in Indonesia Fishery Startup

WANASIDA, Albert Surya,BERNARTO, Innocentius,SUDIBJO, Niko,PRAMONO, Rudy Korea Distribution Science Association 2021 The Journal of Asian Finance, Economics and Busine Vol.8 No.2

This study aims to understand the effect of millennial transformational leadership (MTL) on organizational performance in Indonesian Fishery startups. The population of this study included select fishery startups in Indonesia based on the data released by the Ministry of Marine Affairs and Fisheries of the Republic of Indonesia and Digital Fishery Network. This study used the statistical method of PLS-SEM to analyze the data. The findings show that the MTL has no direct positive relationship with organizational performance; MTL has a direct positive relationship with organizational agility; MTL has a direct positive relationship with IT capability; IT capability has a direct positive relationship with organizational agility; organizational agility has a direct positive relationship with organizational performance in fishery startups in Indonesia during this pandemic era. It is suggested that future researches use covariance-based-structural equation modeling which is able to test the research model's feasibility. Roles of mediating variables in addition to the main variables-for example, organizational agility as a mediating variable on the relationship between MTL and organizational performance - are also suggested to be examined. In spite of the limitations, the model developed is still interesting to investigate and is expected to enhance the literature on transformational leadership.

Transformational Leadership and Organizational Innovation

Eka Listiani KARTONO,Innocentius BERNARTO,Niko SUDIBJO,Rudy PRAMONO 한국유통과학회 2021 The Journal of Asian Finance, Economics and Busine Vol.8 No.6

Many researchers have studied the relationship between transformational leadership influence and organizational innovation; however, they have only shown inconclusive results. With task-oriented synergistic cooperation goal-oriented synergistic interaction as a mediating variable, the goal objective of this study was to fill the research gap between transformational leadership influence and organizational innovation. Data was collected through online electronic questionnaires using Likert Scales. This study used a census method, where the sample was all general insurance companies in Indonesia; hence, it can represent the general insurance industry. It involved 72 respondents, representing 72 general insurance companies that were actively operating in Indonesia in 2021. This research results offered crucial implications about the organizational interaction in the emerging market of the insurance industry, such as Indonesia. The survey responses were analyzed using Structural Equation Modelling (PLS-SEM) in Partial Least Square. This study found that transformational leadership positively influences organizational innovation. Then, the goal-oriented synergistic interaction has positively mediated transformational leadership influence and organizational innovation. Finally, goal-oriented synergistic interaction has a positive effect on organizational innovation. This study proposes an interaction among employees under influence of transformational leaders to achieve both explorative and exploitative innovation. Hence, leader practitioners can use the findings of this study to create synergistic interaction among followers to attain organizational innovation.

The Role of Business Capabilities in Supporting Organization Agility and Performance During the COVID-19 Pandemic: An Empirical Study in Indonesia

Albert Surya WANASIDA,Innocentius BERNARTO,Niko SUDIBJO,Agus PURWANTO 한국유통과학회 2021 The Journal of Asian Finance, Economics and Busine Vol.8 No.5

This study aims to analyze the important role of business analytics capability, information quality, and innovation capability in influencing organization agility and organization performance during the Covid-19 pandemic. Data was collected from 76 companies from various sectors in Indonesia. Structural Equation Model-Partial Least Square (SEM-PLS) analysis was conducted to analyze the relationship between variables and test a series of hypotheses. Importance-Performance Matrix Analysis (IPMA), a useful analysis approach in PLS-SEM, is used, which extends the results of the estimated path coefficient (importance) by adding a dimension that considers the average values of the latent variable scores (performance). The IPMA approach examines not only the performance of an item but also the importance of that item. The results show that business analytics capability has a significant effect on information quality and innovation capability which then affects organization agility. Organizational performance is influenced by organizational agility. IPMA results show that organizational agility has the highest level of impact on organizational performance. This study will assist companies in planning business analytics, improving information quality, increasing innovation capability, and ultimately increasing agility and performance during the Covid-19 pandemic. This study will add to existing knowledge about previous literature, especially in the Covid-19 pandemic situation.

Determinants of the Small and Medium Enterprises Progress: A Case Study of SME Entrepreneurs in Manado, Indonesia

Rudy PRAMONO,L. W. SONDAKH,Innocentius BERNARTO,Juliana JULIANA,Agus PURWANTO 한국유통과학회 2021 The Journal of Asian Finance, Economics and Busine Vol.8 No.1

The purpose of this study is to descriptively reveal the demographic and business profile and personal-entrepreneurial characteristics in Manado, the capital of North Sulawesi, and secondly to associate these profiles and characters to their business progress. A sample size of 21 respondents was drawn - selected from those who warmly welcomed the interviewers for an open-ended structured questionnaire. SPSS 24 has been employed to descriptively reveal the sample distribution according to demographic factors and business entities and to determine the dominant factors affecting the progress of the business by testing the hypothesis on the association of variables under study using specified statistical analytical tools, such as regression analysis, especially stepwise regression formula, between specified dependent variables and independent variables and /or between all variables. The stepwise regression analysis has enabled the researcher to determine which variables are the most important reflecting the personal characteristics theorized as “locus of control”: self-efficacy, needs for achievement, personal traits, and barriers to business progress The analysis reveals that the progress of business does have an association and is dependent on the source of capital and education, needs for achievement and locus of control.

Celebrity Endorser and Purchase Intention: The Mediating Role of Resonance-Based Self-Attitude and Brand Credibility

Stephanie Angelina GUNAWAN,Asep HERMAWAN,Anton Wachidin WIDJAJA,Innocentius BERNARTO 한국유통과학회 2021 The Journal of Asian Finance, Economics and Busine Vol.8 No.7

This study aims to analyze the mediating influences of resonance-based self-attitude and brand credibility in a relationship between celebrity endorser credibility and celebrity endorser congruity toward brand purchase intention in the current dynamic business environment. It employs a quantitative research method and reports on a survey, using a questionnaire, including the population of consumers of various instant coffee brands in several cities in Indonesia. The number of respondents in this study was 432 people. The analysis was performed using Partial Least Square Structural Equation Modeling and SmartPLS software. The analysis consisted of descriptive statistics, evaluation of the measurement model, evaluation of the structural model, and hypothesis testing. The results partially support the model developed. The findings suggest that the instant coffee product advertising in Indonesia needs to create brand messages focusing on the formation of resonance-based self-attitude from consumers to increase the influence of celebrity endorser credibility and celebrity endorser congruity, as well as the brand credibility towards the brand purchase intention. This study contributes to the marketing literature and the theory of planned behavior by providing empirical evidence on the relationship between celebrity endorser credibility, celebrity endorser congruity, resonance-based self-attitude, brand credibility, and brand purchase intention.