The Influence Of Capital Intellectual On Business Performance At PT Indonesia Asahan Aluminum (Persero)

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The Influence of Capital Intellectual on Business Performance at PT Indonesia Asahan Aluminum (Persero)

Abstract

This study aims to empirically test the influence of capital intellectual on business performance at PT Indonesia Asahan Aluminum (Persero), a company under the Ministry of SOEs. The data used in this study were taken from the annual report for the period 2009 to 2013 involving decision makers or managerial staff in the company. The variable studied consists of three independent variables that form capital intellectual, namely Human Capital (HC), Structural Capital (SC), and Relational Capital (RC). Meanwhile, the dependent variable used is Business Performance (BF). The approach used is correlational, which aims to determine the significant relationship and the level of relationship between these variables. The analysis was carried out using the Structural Equation Model (SEM) IBM-Amos 21.

Introduction

In today's fast-paced and competitive business environment, companies are constantly seeking ways to improve their performance and stay ahead of the competition. One key factor that can contribute to a company's success is its intellectual capital. Intellectual capital refers to the knowledge, skills, and expertise that exist within an organization, and it can be categorized into three main components: Human Capital, Structural Capital, and Relational Capital. This study aims to investigate the influence of these three components of intellectual capital on business performance at PT Indonesia Asahan Aluminum (Persero).

Theoretical Background

Intellectual capital has been recognized as a critical factor in determining a company's success. It encompasses the knowledge, skills, and expertise that exist within an organization, and it can be categorized into three main components: Human Capital, Structural Capital, and Relational Capital.

  • Human Capital: Human capital refers to the knowledge, skills, and expertise that exist within an organization. It includes aspects of individual knowledge, skills, and competencies in the company. In the context of PT Indonesia Asahan Aluminum, improving the quality of human resources through training and education can increase productivity and innovation. This leads to better business performance, considering that human factors are one of the most important assets in achieving company goals.
  • Structural Capital: Structural capital involves the system, process, and infrastructure that exists in the company. At PT Indonesia Asahan Aluminum, the application of an efficient and effective system, and innovation in the production process can improve operational efficiency. Therefore, an increase in structural capital contributes to positive business performance, helping companies to adapt in dynamic environments.
  • Relational Capital: In the current digital and globalization era, building and maintaining good relationships with business partners is very important. PT Indonesia Asahan Aluminum which has a strong relationship with stakeholders can optimize cooperation opportunities and increase market confidence, all of which have a positive impact on business performance.

Methodology

This study uses a correlational approach, which aims to determine the significant relationship and the level of relationship between the variables. The data used in this study were taken from the annual report for the period 2009 to 2013 involving decision makers or managerial staff in the company. The analysis was carried out using the Structural Equation Model (SEM) IBM-Amos 21.

Results

The results of this study show that structural capital (SC) had a positive influence on business performance (BF), as well as Human Capital (HC) and Relational Capital (RC), each also has a positive influence on business performance (BF).

Discussion

The findings of this study suggest that the three components of intellectual capital - Human Capital, Structural Capital, and Relational Capital - have a positive influence on business performance at PT Indonesia Asahan Aluminum (Persero). This implies that the company should focus on developing and optimizing these components to achieve better business performance.

Conclusion

Overall, this study shows that the three components of capital intellectual - Human Capital, Structural Capital, and Relational Capital - have a positive influence on business performance at PT Indonesia Asahan Aluminum (Persero). Thus, the company is expected to be able to optimize the management and development of each of these components to achieve better business performance. This will bring a positive impact not only for the company itself but also for stakeholders involved in it.

Recommendations

Based on the findings of this study, the following recommendations are made:

  • PT Indonesia Asahan Aluminum should focus on developing and optimizing its human capital by providing training and education to its employees.
  • The company should also focus on developing and optimizing its structural capital by implementing efficient and effective systems and processes.
  • PT Indonesia Asahan Aluminum should also focus on building and maintaining good relationships with its stakeholders to optimize cooperation opportunities and increase market confidence.

Limitations

This study has several limitations that should be noted. Firstly, the data used in this study were taken from the annual report for the period 2009 to 2013, which may not reflect the current situation of the company. Secondly, the study only focused on PT Indonesia Asahan Aluminum and may not be generalizable to other companies. Finally, the study only examined the influence of intellectual capital on business performance and did not examine other factors that may influence business performance.

Future Research Directions

This study provides several directions for future research. Firstly, future studies can examine the influence of intellectual capital on business performance in other companies. Secondly, future studies can examine the influence of other factors on business performance, such as market conditions and government policies. Finally, future studies can examine the impact of intellectual capital on other outcomes, such as employee satisfaction and customer satisfaction.
Frequently Asked Questions (FAQs) about the Influence of Capital Intellectual on Business Performance at PT Indonesia Asahan Aluminum (Persero)

Q: What is intellectual capital, and how does it relate to business performance?

A: Intellectual capital refers to the knowledge, skills, and expertise that exist within an organization. It encompasses three main components: Human Capital, Structural Capital, and Relational Capital. These components have a positive influence on business performance, as they contribute to productivity, innovation, and operational efficiency.

Q: What is Human Capital, and how does it impact business performance?

A: Human Capital refers to the knowledge, skills, and expertise that exist within an organization. It includes aspects of individual knowledge, skills, and competencies in the company. Improving the quality of human resources through training and education can increase productivity and innovation, leading to better business performance.

Q: What is Structural Capital, and how does it impact business performance?

A: Structural Capital involves the system, process, and infrastructure that exists in the company. At PT Indonesia Asahan Aluminum, the application of an efficient and effective system, and innovation in the production process can improve operational efficiency. Therefore, an increase in structural capital contributes to positive business performance.

Q: What is Relational Capital, and how does it impact business performance?

A: In the current digital and globalization era, building and maintaining good relationships with business partners is very important. PT Indonesia Asahan Aluminum which has a strong relationship with stakeholders can optimize cooperation opportunities and increase market confidence, all of which have a positive impact on business performance.

Q: How can PT Indonesia Asahan Aluminum optimize its intellectual capital to achieve better business performance?

A: PT Indonesia Asahan Aluminum can optimize its intellectual capital by focusing on developing and optimizing its human capital, structural capital, and relational capital. This can be achieved by providing training and education to its employees, implementing efficient and effective systems and processes, and building and maintaining good relationships with its stakeholders.

Q: What are the limitations of this study, and how can they be addressed in future research?

A: This study has several limitations that should be noted. Firstly, the data used in this study were taken from the annual report for the period 2009 to 2013, which may not reflect the current situation of the company. Secondly, the study only focused on PT Indonesia Asahan Aluminum and may not be generalizable to other companies. Finally, the study only examined the influence of intellectual capital on business performance and did not examine other factors that may influence business performance.

Q: What are the implications of this study for PT Indonesia Asahan Aluminum and other companies?

A: The findings of this study suggest that PT Indonesia Asahan Aluminum and other companies should focus on developing and optimizing their intellectual capital to achieve better business performance. This can be achieved by providing training and education to employees, implementing efficient and effective systems and processes, and building and maintaining good relationships with stakeholders.

Q: What are the future research directions for this study?

A: This study provides several directions for future research. Firstly, future studies can examine the influence of intellectual capital on business performance in other companies. Secondly, future studies can examine the influence of other factors on business performance, such as market conditions and government policies. Finally, future studies can examine the impact of intellectual capital on other outcomes, such as employee satisfaction and customer satisfaction.