Archive for June, 2010

Japan Vs Paraguay

June 30th, 2010 Comments off

Just this evening I watched a great performance of Indonesian friends. Yes, this week is a great week of Indonesian students, called as InaWeek 2010. We have many things activities that describing Indonesia culture, we rocked APU with Indonesian performances, paskibra, Indonesian fun day, ethnic foods, parade ondel-ondel, and grand performance compiles saman, tor-tor and kecak dance, & many others. Every Indonesian proud to be part of these activities. Even, international students also have being involved into it.

I intend to talk about nationalism. In a week, Indonesian wear batik, barong’s t-shirt, every shirt about Indonesia. This means we want to be identified as Indonesian. We love our country, we want to revive Indonesian culture & arts to students from other countries, to say that my country rich with many kinds of arts & cultures. Even though bad things happened in my country, we still proud to be Indonesian.

And, this is about nationalism also. When I see Japan match versus Paraguay now, Japanese channels discuss and take term on Japan football creatively. A channel was taking survey of Japanese about the possibility of their team on WC2010 to be winner on this match. vary in results. Regarding to my research, I am thinking about Japanese management style. This jumped thinking eager me to find out about it.

Culture in management is actually developed by society character. In the case of Japan, that would become the influence factor to build unique management of Japan. Many people might being agree that Japanese characters and work ethnic is one of the world most extraordinary culture. However, a few people know about Shosan Suzuki who credited for the development of capitalism in Japan in 16th century. He taught Zen-based social ethic in which people had to become ‘living Buddhas’.  He said that work equaled asceticism. Work is an expression of religious activities. He said: Throw yourself into worldly activities. For the sake of the nation and citizen, send the goods of your province to other provinces, at wall the end.

Continuing his thought, he also mentioned that: Travel around the country to distant of people. Your activities is an ascetic exercise that will cleanse you of all impurities. Purify your mind and body by fording rivers. If you understand that this life is but a trip through a evanescent world, and if you cast aside all attachments and desire to work hard, Heaven will protect you.

Of course, I do not intend to argue about faith in this term :-)

*I dont have enough opened-eyes to finish it. My ear is still hearing Japanese commentators are guiding the match. I really got sleepy. padahal Japan Vs Paraguay belum kelar tuh..he eh..go go for me..ganbarimashou ne..:-D*

Categories: Out of the boxes Tags:

Learn & learn

Have you become a good supervisor for your students? This writing is aimed to reassure me, and remind you that a lecture is about learning every time, a continuous attempt to improve our ability as a teacher. My experience as student recently pursue me to encourage and ask to my self to do as good as supervising matters of Professor ‘X’ when I supervise someone else some time, and do not imitate and repeat Professor ‘Y’ ‘s faults.

Of course, I do believe that supervise and teach are peculiar (or unique, for more suitable) manner for each person. I mean it depends on the ability and characters of them. About ability, everybody can learn about the content matters. But, refer to character and personality, wow…it is not as easy as turning the hand. And everyone agree about it. But, again, I still believe that if someone learns, behave and think on open minded ways, everything is gonna be better :-)

From a link, I found this. Henry Fayol mentioned a teacher as an active student who can play very much attractive and fascinate role upon overall performances in the class. As an active adviser, teacher need:

  • Control: To draw up and issue instruction, and stay with the students, closely supervising its action.
  • Guide to clarify what is required, hand over ownership to students and offer to give advice when they call you.
  • Consult: To give a broad outline, ask students to discuss ideas and agree actions, using us as a separate expert reference point.
  • Facilitate to give overall direction, co-ordinate the group’s discussion and expect it to produce a progress report.

Then, let us think, learn and act. Nobody would not being worst person. But, as humankind, would you call me up if some day I fall? ;-)

*..tomorrow is just another day.. ‘Mandy’ by Barry Manilow’
common room, 11:58am

Categories: Lecture Tags:


June 24th, 2010 Comments off

Today’s CSR is more related to Socially Responsible Invesment (SRI) funds. Why? Because investors who concern about social and environmental activities prefer to invest on company that definitifely has been screened by particular private institution and categorized as ‘green’ or ‘good’ company. Many of institutions which released social and environmental indexes or rating nowadays, even you cannot mention and remember all of them. Some examples are World Index for Social and Environmental Responsibility, Jantzi Social Index, Domini Social Index, and so on. Browse it to find out them all :-)

This index provider built a set of criteria which usually containing positive or valued criteria, and negative or excluding criteria. Those positive criteria comprise ‘good’ matter such as:

  • equality of opportunity
  • recycling
  • saving energy & preserving natural resources
  • transparency in information
  • commitment to solidarity with society
  • controlling pollution
  • safety at work
  • support for training & education
  • company investment

Meanwhile, some negative criteria are usually including:

  • arms
  • gambling
  • exploitation in the third world
  • pollution
  • genetic manipulation
  • pornography and sexual exploitation
  • tobacco
  • alcohol
  • environmental degradation
  • nuclear energy

Then, based on their public information and monitor/interview independent experts of the companies, companies will be examined by a research group within indexes/rating provider. Company that expressed big scores on negative criteria will be cut down, and whose revealed positive behavior will be selected.

However, should be noted that SRI is not merely refer to selecting process. It comprises engagement of investors actively on monitoring social and environmental activities of firms. This activity is called shareholder activism. A term that might be weird in ‘traditional financial’ management classes. Surely, because I was lecturing it some semester ago..bwehehee :-)

Other important term is community investment. What is that? This term refers to activity of investors (through investment they have done) to seek financial return and social return as well. In financial language, its return must be at least equal with the amount of invesment made. Gotchaa..!!

Cyber room, 20:15pm

‘I am alive’ by Celine Dion

Categories: Research Tags:

Not cloud #5, #10, #11 and #7

In April 2010, McKinsey Global surveyed executives and asked them online about forces that reshape the global economy. Interesting to know that respondents agree to mention five interconnected themes that provide opportunities and challenges to business entities. They are:

  1. growth in emerging markets
  2. labor productivity and talent management
  3. the global flow of goods, information and capital
  4. natural-resource management
  5. the increasing role of governments.

Pay more attention to growth in emerging market, to capture its opportunities executives believe that they ought to:

  1. Building local presence (54%)
  2. developing partnerships/joint ventures with local companies (50%)
  3. Recruiting talent from emerging markets (47%)
  4. Developing new business models (45%)
  5. Deploying talent to emerging markets (42%)
  6. Reconfiguring the price/value proposition of product offerings (33%)
  7. Building relationships with governments in emerging markets (33%)
  8. Investing directly in local companies (23%)
  9. Developing local brands (20%)
  10. No actions are aimed at capturing growth from emerging markets (10%)

Moreover, regarding effects of increased global information flows recently, respondents viewed that it would:

  1. Increase innovation (40%)
  2. Provide greater consumer awareness and knowledge (39%)
  3. Increase product/service customization (33%)
  4. Increase consumer choice (28%)
  5. Provide growth in technology-enabled communities (25%)
  6. Increase target marketing (24)
  7. Increase supply chain insight (22%)
  8. Increase consumer involvement in product/service development (20%)
  9. Increase labor productivitiy (18%)
  10. Increase government transparency (8%)
  11. Increase democratization (6%)

The survey also revealed the ways to deal particularly with natural-resource constrains. Need to highlight that taken actions to figure out the environment drawback is differ among industry sectors. They are:

  1. Conserving to reduce need for natural resouces
  2. Developing innovations to shift need for natural resources
  3. Ensuring that natural resources are available through backup sourcing, contingency planning
  4. Influencing industry standards regarding natural resources
  5. Building relationships with governments to ensure access to natural resources
  6. Ensuring that natural resources are affordable through hedging
  7. Investing directly to procure natural resources

Thus, you will see that world of business and economy has changed and reshaped day  by day surely. Cases and objects of study on business are becoming wider respectively. Our education must be monitored and improved to adopt it frequently.

*when the ‘cloud #9′ was sounding at Cyber room, 3:05pm*

Categories: Research Tags:

Business goals

June 21st, 2010 Comments off

Much more consumers expect companies’ corporate philanthropy can provide benefits for wider targets. Executives, as respondent of a McKinsey Global survey, mentioned some business goals that by reach it might enable them to fulfill its expectation. From 721 respondents,

  • 70% say company should Enhance corporate reputation and/or corporate brand
  • 44% state that company ought to Build employee and/or leadership capabilities and skills
  • 42% underline that company ought to Improve employee recruitment and/or retention
  • 38% say company need to Differentiate itself from competitors
  • 19% say company need to Manage current or future risk
  • 16% say company should Build knowledge about potential new markets or products
  • 15% mention that company should Inform areas of innovation for existing products and services
  • 12% outline that company should Meet industry norms
  • 12% state “We do not try to reach any business goals with our corporate philanthropy programs

Interestingly, from 638 respondents:

  • 57% of them mentioned that those goals are somewhat successful
  • 29% of them mentioned that not all those goals are successful, a little goal is accomplished
  • 14% of them mentioned that the goals are extremely successful

Yosh..Otsukaresama desu :-)

*on a hot spring in AP house*


Categories: Research Tags:

Africa, Chicken, InaWeek

June 19th, 2010 Comments off

Nowadays everyone is excited and focused on football and Africa things apparently. It makes me remember the similar event in 1994 when I bought a ball-drawing ceramic mug (sometimes we were surprised by the fact that a little thing could being connected with and remind us about our past experiences, isn’t it? :-) ).

Even a serious business journal relates its various topics with Africa, but not football eventually. I read how Mozambique poultry unlock a long chain chicken meat supply at that country. The article depicts that in 2004, 65% of cheap frozen broiler chicken were imported from Brazil. Obviously, world knows how Brazil maintains their  productivity and efficiency on its agribusiness sectors. However, when the chicken arrived, their meat had already passed the sell-by date.

A non profit organization at Mozambique tried to able to supply their own chicken but as cheap as Brazil’s chicken. They examine that it could be a chance to realize it but they known that adopt a strategy based on an analytical and market-oriented approach, customized for sector and focused on helping enterprises and people to make money, are must be done. They analyzed poultry value chain started with demand, supply of feed, layer and egg production, the feeding and growing of chicks, processing, marketing and retail consumption. They interviewed hundreds of participants in the poultry and feed sectors, and built a strategic plan that identified and quantified potential demand, major constraint along the value chain, points to leverage intervention, and specific industry-development program.

Eventually, within 5 years the Mozambican poultry industry has been grew more than fourfold. Its annual production reachs upward of 23 tons of chicken meat in 2009, consumption of locally produced chicken rises to 76% of total market. More than 1.200 poultry jobs have been created and more than 2,500 small-scale farmers were trained and participated in outgrower production operation. Poultry annual revenues have increased to $80 million from $20 million. What a such very significant contribution.

I just wanna share Mozambique’s experience on building their own local industry, that should be started by good systematical examining on the industry, that could be done by Indonesian circumstance also. Merdeka :-)

Beppu, 9:41 *waiting for schedule of Parade Ondel-Ondel (Inaweek 2010 at APU) practice would come*

Categories: Out of the boxes Tags:

The important new shift on business orientation

June 18th, 2010 Comments off

Last Responsible Investor’s conference held on May, 2010 in London delivered a testimony that sustainability factors are important investment issues in emerging markets. On the Sustainable Emerging Markets conference presenced by 160 delegates, the keynote speech highlighted that investors need to know how localised risks are. For example, research done by Maplecroft showed that Russia and India rated very poorly on climate and political risk, whilst Iraq and Phillippines in term of terrorism risk, Democratic Republic of Congo faces safety problems, and companies in South Africa should overcome the prevalence of HIV/AIDS. Also reminded that ‘semi-developed’ countries apparently have enough infrastructure to against flu but not containing the ability to prevent it. Then, risks that need to be aware are including water securities, natural disaster, fiscal, ageing population, diabetes and cancer. These such risks ought to be understood by investors.

It is worthy to note that institutional capital flows to the development of climate change abatement technologies and enhancement of other ESG (Environment Social and Governance) factors on companies. The speakers suggested that ESG is a universal value that should not to be put as principles merely but needs to be realized into actions. Moreover, bond/credit analyst will start to look at carbon emission in corporate rating assessments.

Think that the world vision about business-environment-community relationship has already shifted, I pay attention more intensively to reorient our curriculas on business education, particularly. I do not mention that this only for business manner, because science is intertwined each other. Let us think about it together :-)

Beppu, 13:58pm


Categories: Out of the boxes Tags:

Investment styles

June 17th, 2010 Comments off

Pengamat dan konsultan keuangan memiliki beragam istilah dalam mengklasifikasikan perilaku investasi dari kliennya. Berikut ini adalah terminologi yang diberikan oleh Brancato (1997) untuk kategorisasi perilaku investasi:

  • Passive investors (who index their stock)

Biasanya, investor jenis ini berinvestasi dalam sekelompok saham yang terfokus dalam sektor tertentu (misal benchmark nya adalah index of technology), atau dikelompokkan dalam dimensi region (misal index of Asian stocks).

  • Quantitative traders (bukan quantitative investors)

Trader yang termasuk kategori ini lebih suka memantau aktifitas pasar dibandingkan mengevaluasi kinerja fundamental perusahaan, meskipun sesekali menggunakan ukuran fundamental juga sih. Jadi, ukuran keputusan untuk berinvestasi lebih didasarkan pada technical analysis, price performance atau program trading.

  • Top-down investors

Investor kategori top-down ini cenderung bereaksi pada terjadinya suatu peristiwa ekonomi.

  • Bottom-up investors

Bottom-up investors cenderung mengamati karakteristik fundamental perusahaan, terutama kinerja manajemennya.

  • Momentum traders (bukan momentum investors)

Trader yang termasuk kategori ini memfokuskan evaluasinya pada trend atau momentum dari estimasi earnings yang dilakukan oleh analis pasar saham.

  • Growth investors

Investor kategori ini biasanya mengikuti pendekatan bottom-up untuk mengevaluasi adanya kesempatan pertumbuhan (growth opportunities).

  • Value investors

Investor kategori ini mengharapkan return dari kombinasi current payout dan return potensial di masa datang (sebagai hasil dari reinvestment devidend).

Sumber: Brancato, Carolyn Kay. 1997. Institutional investors and corporate governance. McGraw-Hill Company, Inc., USA.

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Slang names for foreign markets

June 17th, 2010 Comments off

Tahukah Anda bahwa setiap financial market di suatu negara memiliki nama julukan? Julukan yang diberikan oleh warga negara non US untuk financial market Amerika adalah ‘Yankee market‘, karena Yankee adalah julukan untuk warga negara Amerika. The ‘Bulldog market‘ adalah nama untuk financial market Inggris, merujuk silsilah anjing bulldog yang berasal dari Inggris. Nah..dengan konotasi semacam ini, Anda mesti bisa menebak julukan untuk ‘Rembrandt market‘, ‘Matador market‘, dan ‘Samurai market‘ kan? Ya, secara berurutan mereka adalah Belanda, Spanyol dan Jepang. Hehee..kayak WC 2010.

Namun, julukan ini memiliki manfaat unik karena foreign traders atau international investors memang harus merujuk pada hukum dan aturan yang berlaku di negara dimana stocks atau securities diperdagangkan. Ya, dalam hal ini kita bicara tentang foreign market, pasar yang memperdagangkan securities dimana issuers tidak berdomisili di negara tersebut. Nah, foreign securities ini harus tunduk pada regulasi yang dikeluarkan oleh otoritas di negara tempat securities itu diterbitkan. Sebagai contoh, jika suatu securities dari perusahaan Inggris dan diterbitkan di Amerika, maka securities tersebut harus taat pada regulasi Amerika. Dan, nama slang untuk foreign market tersebut di atas digunakan untuk memudahkan investor mengenali asal negara yang mengeluarkan regulasi :-)

Beppu, 13:57pm

Categories: Out of the boxes Tags:

Materi Manajemen Keuangan Bisnis II

June 17th, 2010 Comments off

Bahan materi Manajemen Keuangan Bisnis II yang dapat diunduh di sini meliputi:

  1. Capital Structure here
  2. Bond Refunding Bond Refunding
  3. Cost of capital Cost of Capital (New! as of March 7, 2016)
  4. Leasing Leasing
  5. Dividend policy Dividend policy (New, 26 May 2016)
  6. Merger Mergers & Acquisition (New! as of May 23, 2016)
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