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Competing Values Framework. Case Study – PT Apexindo Pratama Duta. Presented by. Aditya Narendra Maharsi. Angie Pritta Caroline. Ahmad Ardiansyah Zein. Bambang Wijarnako. Pranoto Satrio Wicaksono. The Content. Company Profile. Theoretical Background. Performances.
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Competing Values Framework Case Study – PT ApexindoPratama Duta Presented by Aditya NarendraMaharsi Angie Pritta Caroline Ahmad ArdiansyahZein BambangWijarnako PranotoSatrioWicaksono
The Content Company Profile Theoretical Background Performances Competing Values Analysis Conclusion & Recommended Strategies
Company Profile Vision A world-class drilling contractor offering quality without compromise HertrionoKartowisastro • Mission • Maintaining a high standard of Safety, Health, and Environment (SHE) to ensure the safety an welfare of employees and to protect the surrounding environment. • Providing maximum value to all of stakeholders and making a positive impact to the society and the environment. • Developing human resources with global-standard quality and competency. Founder
Company Profile : Milestone 1984 1992 2005 Established as an Indonesian offshore Drilling contractor First submersible swampbarge rig, Maera ISO 9001 :2000 Certification in Quality Management System 2007 2009 2008 Super premium Jack up rig, Soehanah The Safety Campaign Upgrade the ISO 9001 :2008 version
Company Profile : Milestone 2000 2001 2002 Expand operation to Middle East Merged with PT Medco Antareja IPO : 10 July 2002 2012 2011 2009 Certification of ISO PT ApexindoEnergiInvestama become the new majority shareholder of the Company Settled IDR Bonds ApexindoPratama Duta
Company Profile : Operation Onshore Offshore FPSO (Floating Production, Storage, and Offloading)
Theoretical Background • COMPETING VALUE • Kerangkabudayaorganisasi yang dikembangkanoleh Cameron dan Quinn (1999) berdasarkan model teoritisdisebut “Competing Values Framework” atau “KerangkaNilaiBersaing“. • Parameter atauVariabel yang dianalisa : • Concern for Task vs. Concern for People • Stability and Efficiency vs. Flexibility and Innovation • Internal vs external focus. • Long Term vs Short Term. • etc
Theoretical Background COLLABORATE CREATE CONTROL COMPETE
Theoretical Background CREATING CVF FROM FINANCIAL EMPIRICAL DATA
Developement Developement Theoretical Background Innovation Innovation Type of Organization Growth Growth Community Community Speed Speed Quality Quality Profits Profits Efficiency Efficiency Cost Leadership Differentiation
Developement Developement Theoretical Background Innovation Innovation Type of Organization Growth Growth Community Community Speed Speed Quality Quality Profits Profits Efficiency Efficiency Fit Stretch
Developement Developement Theoretical Background Innovation Innovation Type of Organization Growth Growth Community Community Speed Speed Quality Quality Profits Profits Efficiency Efficiency Best Cost – Blue Ocean Best Cost
Theoretical Background COMPETING VALUE INDUSTRY VS COMPANY (example)
Performances Listing History
Performances Stock Price Movement (1st Month) Offering Price at relisting (IPO) Rp. 1.562 (5 June 2013)
Performances Financial Statement
Performances Financial Statement
Performances Stock Price Comparison
Competing Values Analysis Financial data PT ApexindoPratama Duta for creating CVF
Developement Competing Values Analysis Innovation Industry vs competing value company PT ApexindoPratama Duta Growth Community Speed Quality Profits Efficiency Best Cost
Conclusion • APEX could be categorized as the company with Compete and Collaborate culture. • In term of Quality, Community and Knowledge, APEX’s scores are higher than average sector’s scores. • In term of Innovation, Growth, speed and Efficiency, APEX’s scores are far lower than average sector’s scores. • APEX should have strategies to escalate the Growth, Speed and efficiency score at least close to the average sector’s scores.
Recommended Strategies • Increasing the ROA • Escalating the satisfaction of the existing clients and increasing the company performance to attract potential clients and investors. • Escalating QHSE Performance • Developing cost reduction (Cost Efficiency) Program • Developing Training and Development Program to increase the competency of the employee in order to support Cost Efficiency program and increasing the productivity. • Utilizing available IT system to support Cost Efficiency Program and Increasing the productivity. • Re-structuring the existing organization to achieve the efficient and Effective organization.
Strategic Mapping Financial Perspective Customer Perspective Satisfaction ROA Trust Internal Business Process Perspective Cost Efficiency Safety Perfor. Productivity Learning and Growth Perspective Restructuring IT System Competency
Conclusion & Recommended Strategies Thank You