Bancassurance Business Strategy in Life Insurance: a Case Study One of Joint Venture Company in Indonesia

Abiyyu, Ikhwan; Najib, Mukhamad; Asmara, Alla

doi:10.15294/jdm.v11i1.21868

Cited by 5 publications

(4 citation statements)

References 3 publications

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“…The SWOT analysis stage is carried out to identify key factors (Sukarno and Ahsan, 2021). Finally, through the development of a new strategy model and recommendations, this research aims to provide solutions and suggestions for appropriate actions to develop the Digital Tenun Nusantara business (Abiyyu et al 2020;Sharfina and Zakaria, 2019;Yuhdi and Suranto, 2021).…”

Section: Methodsmentioning

confidence: 99%

Business Development of Digital Tenun Nusantara (Ditenun) Using Business Model Canvas and SWOT Analysis

Butarbutar,

Pasaribu,

Manurung

et al. 2023

brcs

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DiTenun is a start-up engaged in traditional woven fabrics. The main product of DiTenun is the technology that can create woven motifs using artificial intelligence. In running the business, DiTenun is still experiencing stagnation in its development so that DiTenun continues to make efforts to develop its business. One of these efforts is to participate in the Kedaireka Matching Fund program offered by the Ministry of Education and Culture. This program requires DiTenun to cooperate with Batikta and Kaldera. To support this collaboration, it is necessary to know Dtenun business model's description to make the collaboration flow more focused. Therefore, this research aimed to discover the description of the DiTenun business model and its business collaboration. Canvas Business Model was used to determine the business strategy and was tested using SWOT planning method to evaluate the project's strengths, weaknesses, opportunities and threats or business speculation. From the BMC (Canvas Business Model) that has been designed for weaving, the company are recommended to further develop it in the elements of several elements. On the key activities element, it can focus on building a community of weavers when marketing expansion is better at selling its products. On the key partner element, it can expand its partners to the ones who can make DiTenun more developed, both in terms of business and production. On key resource elements, they can further develop their technology so that they can produce more perfect motifs and can be much easier for weavers to understand. Another essential thing that DiTenun needs to pay attention to is participating in critical programs to help DiTenun expand its business.

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Section: Methodsmentioning

confidence: 99%

Business Development of Digital Tenun Nusantara (Ditenun) Using Business Model Canvas and SWOT Analysis

Butarbutar,

Pasaribu,

Manurung

et al. 2023

brcs

View full text Add to dashboard Cite

show abstract

“…Tanpa model bisnis yang terencana dan terlaksana dengan baik kemampuan perusahaan dalam mendapatkan paket pekerjaan/proyek akan menurun (Winardi, 2014). BMC adalah alat yang sangat baik untuk merumuskan solusi maupun perencanaan strategi pengembangan bisnis (Abiyyu et al, 2020).…”

Section: Implikasi Manajerialunclassified

Perencanaan Model Bisnis Konsultan Arsitektur Lanskap di Lagom Landscape Desain

Mandagi,

Harianto,

Jahroh

2023

Jurnal Lanskap Indonesia

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The Covid-19 pandemic affected the economy which resulted in the decline of construction work. This affected Lagom Landscape Design (LLD) business practices. This research aims to formulate a new business model which can be used as a business model of Lagom Landscape Design in the future. This descriptive qualitative research used purposive sampling as the technique of determining respondents, based on the Business Model Canvas (BMC) approach, which was equipped with SWOT analysis and Blue Ocean Strategy (BOS). New business model using BMC is determined in consideration of the market segment and key activities as the key factors. The result of the research indicates that the customer segment of LLD has changed to private sectors, developers, hospitality business and government projects. LLD need to reach a wider range of customers by diversifying its key activities to increase the revenue strams and create a brand image and awareness. The empirical result of this study is to contribute ideas for broadening the insights about the business development strategy of landscape architecture consultant.

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“…BMC has an advantage in business model analysis since it is able to simply and thoroughly describe the current condition of a company based on the customer segment, the value offered, the stream of value offered, relationship with customers, revenue stream, vital assets, partners, and cost structures that are owned (Rainaldo et al, 2017). BMC is a very good tool for the company to plan and build the new solution and to improve the current business (Abiyyu et al, 2020) An improvement in the company's business model is needed to improve and build the company's internal organisation (Casadesus and Ricart, 2010). Innovative business models must be able to fit internal capabilities or adapt to external changes, such as technological developments (Chesbrough, 2002) or change customer values (Mc Grath, 2010).…”

Section: Theoretical Reviewmentioning

confidence: 99%

“…Blue Ocean Strategy. Blue ocean strategy can be used as a strategy tool used in the creation of new BMC (Abiyyu et al, 2020). According to (Shafiq et al, 2017) Blue Ocean Strategy is a concept that emphasizes on value innovation.…”

Section: Theoretical Reviewmentioning

confidence: 99%

Business Model Development Strategy on Property Industry: Case Study on PT CNI

Dinna

2020

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PT CNI is a property developer company located in Cibubur. A high demand of residence leads many developer companies offer some types of housing in this area. PT CNI is currently experiencing a sales-declining, due to the high level of business competition and the sluggish national property market. Therefore, a new strategy formulation is needed that could be applied to re-increase company sales. This study aims to develop a company's strategy by describing and improving the business model of the company based on business model canvas (BMC), IE matrix, SWOT analysis, and blue ocean strategy approach. The data is collected by interviews, questionnaires, and literature studies. Informants were determined through a purposive sampling technique. From the results of the analysis, several strategies were formulated. Then the strategies were mapped back to the new BMC. The improvement shows that there are enhancements to some elements in the company's BMC.

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Bancassurance Business Strategy in Life Insurance: a Case Study One of Joint Venture Company in Indonesia

Cited by 5 publications

References 3 publications

Business Development of Digital Tenun Nusantara (Ditenun) Using Business Model Canvas and SWOT Analysis

Business Development of Digital Tenun Nusantara (Ditenun) Using Business Model Canvas and SWOT Analysis

Perencanaan Model Bisnis Konsultan Arsitektur Lanskap di Lagom Landscape Desain

Business Model Development Strategy on Property Industry: Case Study on PT CNI

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