Performance Improvement Strategy for Independent Assurance Services at PT Indonesian Classification Bureau (Persero) Belawan Commercial Branch

Authors

  • Abd. Rahman Universitas Indonesia
  • Retno Kusumastuti Universitas Indonesia

DOI:

https://doi.org/10.37385/ijedr.v5i2.4204

Keywords:

Independent Assurance, Business Strategy, Performance Improvement Strategy, Competitive Advantage

Abstract

Independent assurance services have the characteristics of a complex environment and high uncertainty. The product life cycle is very short which is easily imitated by other companies and immediately replaced by new products with more sophisticated technology. This requires companies to continuously carry out business development to grow sustainable competitive advantages and overcome a very dynamic and complex competitive environment. This research is quantitative descriptive research with a qualitative approach, namely research that describes the condition of the object under study in the form of direct observation, conducting Focus Group Discussions and surveys using questionnaires. The data analysis method used in this study is an analysis using the SWOT matrix to determine alternative strategies. From the results of the SWOT analysis, five priority strategies were obtained to improve the performance of PT BKI Belawan Branch in carrying out independent assurance services. First, maintaining and improving quality to compete with foreign companies or other competing companies in synergy with other holding companies. These can be done through competitor analysis by evaluating the strengths and weaknesses of competitor companies. Second, making cooperation MoUs consistently with external partners in several cities. Third, continuing business improvement ethics and accountability to shareholders. Fourth, exchanging the test equipment with a different tool or the test is carried out in another laboratory that meets the requirements. Fifth, if the technician uses improper procedures, the technician will need to be retrained by certified project personnel.

References

Audretsch, D., Sanders, M., & Zhang, L. (2021). International product life cycles, trade and development stages. The Journal of Technology Transfer, 46, 1630-1673.

Aharoni, Y. (2024). How small firms can achieve competitive advantage in an interdependent world. In Standing on the Shoulders of International Business Giants (pp. 263-274).

Bentley, K. A., Omer, T. C., & Sharp, N. Y. (2013). Business strategy, financial reporting irregularities, and audit effort. Contemporary accounting research, 30(2), 780-817.

Dekoulou, P., & Trivellas, P. (2017). Organizational structure, innovation performance and customer relationship value in the Greek advertising and media industry. Journal of Business & Industrial Marketing, 32(3), 385-397.

Dewi, Y. S., & Darma, G. S. (2022). Shifting business strategy of international standard hospital in metaverse era. JMMR (Jurnal Medicoeticolegal dan Manajemen Rumah Sakit), 11(1), 30-43.

Farida, I., & Setiawan, D. (2022). Business strategies and competitive advantage: the role of performance and innovation. Journal of Open Innovation: Technology, Market, and Complexity, 8(3), 163.

Gonzalez, M. E., Quesada, G., Mueller, J., & Mueller, R. D. (2011). International business curriculum design: identifying the voice of the customer using QFD. Journal of International Education in Business, 4(1), 6-29.

Habib, A., & Hasan, M. M. (2017). Business strategy, overvalued equities, and stock price crash risk. Research in International Business and Finance, 39, 389-405.

Hallstedt, S. I., Isaksson, O., & Öhrwall Rönnbäck, A. (2020). The need for new product development capabilities from digitalization, sustainability, and servitization trends. Sustainability, 12(23), 10222.

IdSurvey. (2023). CAWI methologogy – computer assisted web interview. https://www.idsurvey.com/en/ cawi-methodology/

Kamukama, N., Ahiauzu, A., & Ntayi, J. M. (2011). Competitive advantage: mediator of intellectual capital and performance. Journal of intellectual capital, 12(1), 152-164.

Kotler, Philip, dan Keller, Kevin Lane (2013) Marketing Management. Pearson Horizon Editions. 14th Edition. Pearson Education Limited, England

Kumar, S., Sureka, R., Lim, W. M., Kumar Mangla, S., & Goyal, N. (2021). What do we know about business strategy and environmental research? Insights from Business Strategy and the Environment. Business Strategy and the Environment, 30(8), 3454-3469.

Miles, R. E., Snow, C. C., Meyer, A. D., & Coleman Jr, H. J. (1978). Organizational strategy, structure, and process. Academy of management review, 3(3), 546-562.

Mio, C., Panfilo, S., & Blundo, B. (2020). Sustainable development goals and the strategic role of business: A systematic literature review. Business strategy and the environment, 29(8), 3220-3245.

Porter, M. E., & Strategy, C. (1980). Techniques for analyzing industries and competitors. Competitive Strategy. New York: Free.

Rahim, A. (2016). Rahman dan Enny Radjab. Manajemen Strategi.

Saaty, T. L. (2001). Fundamentals of the analytic hierarchy process. The analytic hierarchy process in natural resource and environmental decision making, 15-35.

Treacy, M., & Wiersema, F. (1995). The discipline of market leaders: Choose your customers, narrow your focus, dominate your market. Addison-Wesley.

Woodcock, N., Green, A., Starkey, M., & Customer Framework™. (2011). Social CRM as a business strategy. Journal of Database Marketing & Customer Strategy Management, 18, 50-64.

Zaman, R., Farooq, M. B., Khalid, F., & Mahmood, Z. (2021). Examining the extent of and determinants for sustainability assurance quality: The role of audit committees. Business Strategy and the Environment, 30(7), 2887-2906.

Downloads

Published

2023-11-06

How to Cite

Rahman, A. ., & Retno Kusumastuti. (2023). Performance Improvement Strategy for Independent Assurance Services at PT Indonesian Classification Bureau (Persero) Belawan Commercial Branch . International Journal of Economics Development Research (IJEDR), 4(5), 2583–2594. https://doi.org/10.37385/ijedr.v5i2.4204