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"Firm’s strategic orientation involves synchronizing environmental dynamics, corporate strategyand capital structure in order to achieve firm performance targets. The co-alignment model usedsuccessfully in the hospitality industry might be used in a wider context as a framework in explainingthese relationships simultaneously. Using the data of public firms in Indonesia during the periodof 1996-2010, we found that co-alignment model can be implemented in property and realestate industry as well as in hospitality industry."

"Abstrak Strategi bisnis sangat penting bagi perusahaan dimana perusahaan dapat menjadi lebih aktif dan sensitif terhadap ancaman di masa depan. Untuk faktor eksternal, faktor ketidakpastian lingkungan perlu dipertimbangkan untuk meningkatkan suatu strategi bisnis perusahaan dan faktor internal nya terhadap kinerja. Penelitian ini akan membahas ada atau tidaknya keterkaitan antara strategi bisnis dengan ketidakpastian lingkungan dan kinerja di industri freight fowarding dan logistik baik secara finansial dan non finansial. Data yang diperlukan adalah survei kuesioner dan menggunakan data dari beberapa perusahaan untuk menganalisis dengan pendekatan strategi porter, sebelum analisis pengujian, skor faktor kuesioner akan dihitung terlebih dahulu diuji dengan uji regresi, setelah itu hasil dari ANOVA akan dilihat apakah memiliki keterkaitan atau tidak.

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Abstract Business strategy is indispensable to company become more active and sensitive for future threats. For external factor, environmental uncertainty need to be considered for improving their strategy and from internal factor is performance. This research will discuss the linkage among business strategy with environmental uncertainty and performance in the field of freight forwarder Indonesia and logistic by financial and non financial. The required data are questionnaire survey and secunder data from some companies with approach of porter strategy, before tested, factor score of questionnaire will be calculated first with regresion after that, ANOVA will be checked whether linkaged or not."

"The purpose of this paper is to examine the strategic orientation in terms of Miles and Snow typologiesof the firms in emerging country and investigate their implications on performance. Unlikeprevious research, this paper focuses the importance of strategy implementation to the performanceimplications of Miles and Snow typology. Data was collected from 111 key informants from firms inThailand?s chemical industry using probability sampling. The one-way Analysis of Variance (ANOVA)results showed that prospectors performed better than the other three strategic types, whereas reactorsexhibited the lowest performance scores. While the success in strategy implementation is foundto be a significant predictor of firm performance, the two-way Analysis of Variance (ANOVA) resultsrevealed that the success in strategy implementation did not alter the relationship between Miles andSnow strategic type and a firm?s performance. This finding suggests that the relationship betweenMiles and Snow strategic type and a firm?s performance may be universal, regardless of the locationwhere the study is conducted. However, additional studies in other contexts are required before theconclusion can be made whether the strategic type ? performance relationship will be contingent onstrategy implementation."

"This article provides the results of an exploratory study that investigated the effect of CapabilityLifecycle Path on attaining effective adaptation through innovation. Based on Miles and Snow(1978), an empirical study was conducted to explore whether performing firms are those that indicateconsistency within the strategy, process, structure and Capability Lifecycle Path arrangement.The basic premise of this study is adaptability for sustainability, where firms go through adaptationcycles through Business Model Innovation would perform well when they are able to consistentlycreate value and effectively manage adopted business models, or denoted as Business ModelEffectiveness. Using data obtained from seven Indonesian firms in various industries, PLS Analysiswas conducted to investigate the relationships between Business Strategy, Firm Resource Configuration,Capability Lifecycle Path and Business Model Effectiveness. Findings indicated that CapabilityLifecycle Path, or decisions made on the development of capabilities at the mature stage,is an important part of the series of decisions made during adaptation to ensure performance."

"ABSTRAKSaat ini, terjadi perubahan perilaku konsumen dalam keputusan pembelian merekayang lebih melihat pada persepsi atas brand dibandingkan realita produk tersebut.Hal ini menyebabkan terjadinya perubahan pola pikir dari product-blame menjadibrand-blame. Mengingat persepsi adalah hal yang sangat sensitif dan mudahberubah, maka brand orientation dapat menjadi pilihan strategi perusahaan untukmemenangkan konsumen, kompetisi dan pasar. Berdasarkan hal-hal tersebut,peneliti mengadakan penelitian mengenai brand orientation pada UMKM danpengaruhnya terhadap kinerja keuangan UMKM. Penelitian ini menggunakanmetode SEM. Kesimpulan yang diperoleh pada penelitian ini adalah brandorientation berpengaruh positif terhadap kinerja keuangan UMKM.

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ABSTRACTConsumer behaviour has changed recently. Consumer base their decision ofpurchasing much more on their perception of the brand, other than the productreality. Mindset are shifting from product-blame to brand-blame. Because thenature of perception are very sensitive dan easily change, brand orientation can bestrategic option for company to survive dan win the competition, consumer, andmarket. Therefore, researcher wants to study about brand orientation on MSMEsand it impacts on financial performance on MSMEs. Structural EquationModelling Method was used. The study reveals that brand orientation has positifimpact on financial performance on MSMEs."

"This paper aims to analyze how work overload influences turnover intentions of newly hired juniorauditors in public accounting offices. Job satisfaction, work related stress and work life conflicts areused as mediating variables between work overload and turnover intention. This study employed141 auditors from several accounting firms operating in the Greater Jakarta region. The samplewas selected using purposive sampling. Three mediation hypotheses were tested using StructuralEquation Modeling (SEM). The results show that work overload has a significant effect on increasingturnover intention through both job satisfaction and work related stress. In comparison, workoverload does not influence turnover intention through work life balance. This may be due to thenature of the respondents, in which a majority of the newly hired accountants employed in thisstudy are unmarried.Tulisan ini bertujuan menganalisis pengaruh beban kerja berlebih terhadap niat mengundurkandiri junior auditor pada kantor akuntan publik. Kepuasan kerja, stress kerja serta konflik hidup dankerja menjadi variable mediasi antara beban kerja berlebih dan niat mengundurkan diri. Penelitianini menggunakan 141 junior auditor dari beberapa kantor akuntan publik di Jabodetabek. Sampeldipilih menggunakan metode purposive sampling. Tiga hipotesis mediasi diuji menggunakanPemodelan Persamaan Struktural (SEM). Hasil penelitian menunjukkan adanya pengaruh positifyang signifikan antara beban kerja berlebih terhadap niat mengundurkan diri yang dimediasi olehkepuasan kerja dan stress terkait kerja. Sebaliknya, konflik hidup dan kerja tidak memediasi pengaruhbeban kerja berlebih terhadap niat mengundurkan diri. Hal ini mungkin dapat dijelaskan olehkarakteristik sampel dalam penelitian ini dengan mayoritas responden merupakan junior auditorberstatus lajang."

"ABSTRAKTesis ini membahas efektifitas dan efisiensi kontrak lindung nilai forward danstrategi call-spread option dalam mengurangi fluktuasi laba/(rugi) bersihPerusahaan X sebagai akibat dari fluktuasi laba/(rugi) kurs porsi non-cash atasutang dan obligasi dalam USD. Efektifitas diukur dengan melakukanperbandingan standar deviasi laba/(rugi) kurs antara sebelum dan sesudah masukke dalam kontrak lindung nilai tersebut sedangkan efisiensi diukur dengan melihatbesar realisasi biaya atas kontrak-kontrak lindung nilai tersebut. Penelitiandilakukan untuk periode laporan per kuartal sejak awal tahun 2003 s/d. akhir2012. Valuasi kontrak forward menggunakan metode Net Present Value (NPV)sedangkan valuasi strategi call-spread option dilakukan dengan menggunakanmodel Geometric Brownian Motion dengan simulasi Monte Carlo. Dari penelitianini ditemukan bahwa kontrak forward secara historis terbukti mampu mengurangifluktuasi laba/(rugi) kurs namun trade-off dari hal ini adalah biaya lindung nilaiyang relatif lebih tinggi dibanding kontrak call-spread option. Di sisi lain, strategicall-spread option juga mampu mengurangi fluktuasi laba/(rugi) kurs walaupuntidak se-efektif kontrak forward. Terdapat trade-off antara mengurangi risikodengan biaya yang diperlukan untuk mengurangi risiko tersebut.

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ABSTRACTThis thesis explored the hedging contracts effectiveness and efficiency of forwardcontract and call-spread option strategy to reduce fluctuations in profit/(loss) ofCompany X as a result of fluctuations in profit/(loss) on exchange rate of noncashportion of the debt and bonds in USD. Effectiveness was measured bycomparing standard deviation of profit/(loss) on exchange rate before and afterapplying the hedging contract while efficiency was measured by level of actualhedging cost. The study was conducted for the quarterly reporting period sinceearly 2003 to end of 2012. Valuation of forward contracts was done by using theNet Present Value (NPV) while valuation of call-spread option strategy was doneby using Geometric Brownian Motion Model with Monte Carlo simulations. Fromthe study it was found that forward contracts have historically proven to reducefluctuations in profit/(loss) on exchange rate but with higher hedging cost relativeto call-spread option contracts. On the other hand, call-spread option strategy wasalso able to reduce fluctuations in profit/(loss) on foreign exchange forwardcontracts, although it was not as effective as forward contracts. There was tradeoffbetween reducing risk and the cost required to reduce the risk."