Eksis: Jurnal Riset Ekonomi dan Bisnis 2022-03-19T07:00:25+07:00 Rita Mutiarni Open Journal Systems <div style="text-align: justify;"><strong><em>Eksis: Jurnal riset ekonomi dan bisnis</em></strong> is a biannual peer-reviewed journal published by scientific paper publishing institution (LP2KI) STIE PGRI Dewantara Jombang. It aims to take part in the advancement of <strong>management, accounting, and economic knowledge</strong> by publishing high-quality researches on contemporary trends in economics and business in emerging markets/ countries.</div><div style="text-align: justify;"><strong></strong>As the main horizon of the journal is to embrace the contemporary trends in economics and business, hence its scope is dynamic and evolving to accommodate the most recent and emerging issues, challenges, and phenomena</div><div style="text-align: justify;">For example, accounting for disasters, big data analytic in business, spiritual capital for management, and sustainability. .</div><div style="text-align: justify;"><strong></strong>We invite industry experts and academic scholars to take a part of our journal’s readers, authors, and reviewers.</div><div style="text-align: justify;">Since 2018, Eksis: Jurnal Riset ekonomi dan bisnis has been nationally accredited (Sinta 4)</div> BUSINESS STRATEGY FORMULATION OF DAYA MINYAK, Ltd 2022-03-19T07:00:25+07:00 Anugerah Satiawarman Tanti Sutandra Ningky Sasanti Munir The weakening of crude oil price had caused the performance of Daya Minyak, Ltd decline. The efforts to improve had succeeded in improving performance, but it was still below the industry average. Therefore, in 2020 a research was carried out aimed at systematically formulating Daya Minyak, Ltd business strategy for the years 2021-2024. This applied research was conducted qualitatively, using the business strategy formulation model from David and David (2016) where external strategic issues were compiled in the External Factor Evaluation (EFE) matrix and internal strategic issues in the International Factor Evaluation (IFE) matrix. The weighted value of the EFE matrix is 2.93 and the weighted value of the IFE matrix is 2.97, which meant that the future business strategy is to hold and maintain. Two alternative strategies, market penetration, and product development were developed using the Internal-External (IE) matrix and the TOWS matrix. Two priority strategies, namely a strategy to increase market penetration through integrated services at low costs and a product development strategy through increasing local content with international standards are determined by the Quantitative Strategic Planning Matrix (QSPM). 2021-04-13T00:00:00+07:00 Copyright (c) 2021 Eksis: Jurnal Riset Ekonomi dan Bisnis Green Investment: Incorporate Environment, Social, And Government Factors In Investment Decision 2022-03-19T06:59:47+07:00 Pandu Adi Cakranegara Filson Maratur Sidjabat There are two types of investors, the first is the type of investor who focuses on return on investment and the second type is the investor who pays attention to Environmental, Social, and Governance (ESG) values in investing. This requires management to make adjustments to create a competitive advantage. One of the frameworks used to measure the competitive advantage of a company is the Porter framework. However, Porter's framework needs to be supplemented with ESG values to capture the value creation process in today's business environment. This research is applied research by applying the existing framework in the field. In this case, the framework used consists of two, namely the Porter framework and the LST integration framework. The ESG framework is implemented at the industrial level using industrial divisions based on industrial divisions in the Indonesia Stock Exchange. This study focused on the raw material production sector, namely agriculture, and mining. This study showed that ESG factors affected the competitive advantage of companies and industries. If a company in an industry ignores the value of ESG, the company will experience a decrease in competitiveness. Meanwhile, if the industry does not pay attention to the ESG factor, the industry will experience a decline compared to other industries that pay attention to the ESG factor. 2021-05-06T00:00:00+07:00 Copyright (c) 2021 Eksis: Jurnal Riset Ekonomi dan Bisnis Changes In Community Consumption Patterns Due To The Covid-19 Pandemic 2022-03-19T06:59:27+07:00 Andriani Andriani The Covid-19 pandemic has changed people's consumption patterns. On the one hand, the community is required to sort out and choose needs that are on a priority scale. On the other hand, people want the needs of life to be fulfilled to the fullest. This research objects to analyze changes in community consumption patterns due to covid-19. This study uses a qualitative approach with a literature study method. The data used in this study are secondary, in the form of research from institutional data AND scientific journals both print and online which selected based on four aspects, namely: 1) Provenance; 2) Objectivity; 3) Persuasiveness; 4) Values. The results of the study SHOW THAT, in general, the poor are only able to meet their primary needs. The middle class almost fulfills all their needs, both primary, secondary, and tertiary needs. The upper class can meet all their needs, both primary and tertiary. The Covid-19 pandemic also changing society's consumption patterns from consumption habits to tending to realistic. The quantity of consumption is relatively constant but the quality is decreasing. The increase in consumption allocation is more on prioritizing food quality and food diversity. Additionally, a new trend for shopping is appearing online through certain marketplace, so there is a new trend in the form of utilization of digital wallets or other non-cash transactions. 2021-06-22T00:00:00+07:00 Copyright (c) 2021 Eksis: Jurnal Riset Ekonomi dan Bisnis The Effectiveness Of Corporate Social Responsibility At Energy Equity Epic Sengkang Pty. Ltd 2022-03-19T06:59:07+07:00 Najeminur Najeminur Andi Supriadi Herdi Syam Abstract The effectiveness of the corporate social responsibility (CSR) program in indonesia still needs to be improved. It can be seen from the number of companies that make csr programs only a formality obligation without thinking about how much the benefits of the program are implemented for the community and the environment. This article discussed the effectiveness of corporate social responsibility at Energy Equity Epic Sengkang Pty. Ltd In Gilireng Sub-District, Wajo District, Which was analyzed using indicators of goal achievement, integration, and adaptation. The research method used was a qualitative approach with data collection techniques through literature review, observation and interviews, then analysis and data processing were carried out using reduction techniques and relevant data grouping. The results of the research were presented using descriptive techniques in the corporate social responsibility program at Energy Equity Epic Sengkang Pty. Ltd. Implemented by first communicating, coordinating, and socializing with the government and the community. The areas of CSR implementation are education, health, economy, public facilities, and the environment. CSR programs implemented meet effectiveness indicators, namely goal achievement, integration, and adaptation. 2021-10-08T00:00:00+07:00 Copyright (c) 2021 Eksis: Jurnal Riset Ekonomi dan Bisnis Literature Analysis and Future Research Framework in Improvement and Substitutes Strategies 2022-03-19T06:58:48+07:00 Yaumil Fauzan Malik Dyah Poespita Ernawati Abstract The aim of this paper is to examine improvement strategy using 4 approaches categorized as “substitutes for strategy” in operations strategy and to propose a framework for future research. This paper used a descriptive approach to examine peer-reviewed articles that were selected for analysis purposes. The analysis revealed that the majority of previous studies always used the principle of continuous improvement in 3 operating concepts, namely TQM, Lean, and Six Sigma, and the use of the breakthrough improvement strategy in the concept of Business Process re-engineering. Therefore, this study proposes a future research framework that is related to operational management concepts but uses the opposite improvement strategy approach. This article provides a future research framework that can be used as a basis for other researchers in the future to examine TQM, Six Sigma, Lean, and BPR from different perspectives of the improvement strategy. Professionals who worked in the operations field can use the framework provided in this article to view the company's strategy from a different perspective to gain a competitive advantage for their organization. Improvement Strategy, Continuous Improvement, Breakthrough Improvement, Total Quality Management, Lean Operations, Six Sigma, Business Process Re-engineering. 2021-10-11T00:00:00+07:00 Copyright (c) 2021 Eksis: Jurnal Riset Ekonomi dan Bisnis