Suerman, Muhammad Reza (2015) MANAJEMEN RISIKO TAHAPAN PASCA MERGER (STUDI KASUS : PENGGABUNGAN PT. X DENGAN PT. Y). Undergraduate thesis, Institut Teknologi Sepuluh Nopember.
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Abstract
Penggabungan perusahaan (merger) adalah suatu kejadian keputusan
strategik yang dipilih melalui pengambilalihan semua operasi dari entitas usaha
lain dan entitas yang diambil alih tersebut dibubarkan. Tujuan utama dari
penggabungan adalah meningkatkan nilai perusahaan dan pemegang sahamnya.
Motif perusahaan dalam melakukan penggabungan antara lain motif ekonomi,
motif sinergi, motif diversifikasi, dan motif non-ekonomi. Berdasarkan motif yang
ingin dicapai, tidak semua perusahaan yang melakukan penggabungan mengalami
kesuksesan. Penyebab kegagalan merger yaitu 15% karena salah memilih
perusahaan, 27% harga beli perusahaan yang terlalu tinggi, dan yang terbesar 40%
disebabkan proses pasca penggabungan. PT. X dan PT. Y adalah perusahaan yang
bergerak di bidang ready mix. PT. X sudah memiliki pengalaman yang banyak
namun tidak didukung dengan sumber daya yang memadai. Sedangkan PT. Y
memiliki sumber daya yang jauh lebih baik, namun belum mendapat kepercayaan
customer karena masih tergolong baru berdiri dan kondisi PT. Y secara finansial
belum baik. Oleh karena itu, dalam rangka meningkatkan keunggulan bersaing
dalam distribusi produk semen yang dihasilkan oleh induk perusahaanya, maka
induk kedua perusahaan tersebut yaitu PT. S berencana untuk menggabungkan
kedua perusahaan tersebut. Dalam rangka menghindarkan dari kegagalan upaya
strategik ini, diperlukan sebuah penelitian terkait dengan manajemen risiko proses
pasca penggabungan. Framework manajemen risiko yang digunakan dalam
penelitian ini yaitu AS/NZS 4360. Setelah diidentifikasi, didapatkan 50 risiko
pasca penggabungan. Kemudian dilakukan pemetaan dan pengelompokan risiko.
Dari hasil pemetaan risiko, diketahui 17 kejadian tergolong extreme risk, 23
kejadian tergolong high risk, 9 kejadian tergolong moderate risk, dan 1 kejadian
tergolong low risk. Kemudian dibuat rancangan mitigasi untuk risiko yang
tergolong extreme, high, dan moderate risk.
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Merger is a strategic plan that done by acquiring every operations from the
other entity so the entity acquired is dissolved. The main objective of the merger
is to increase the value of the company and its shareholders. Motives for the
company in doing the merger are economic motive, synergy motive,
diversification motive, and non-economic motive. Based on the motive that want
to be achieved, not all the companies have successed in merger. The causes of the
failure of merger are 15% because choosing the wrong company, 7% because of
acquiring company which cost too expensive, and the highest cause 40% is
because of failing the post merger process. PT. X and PT. Y are the company in
the same business area (ready mix concrete). PT. X already has a lot of
experience, but not supported with the adequate resources especially in vehicles
and production machines.. Meanwhile, PT. Y has adequate resources, but still do
not earn trust from the customers because PT. Y is still newly established and the
financial condition of PT. Y is not good yet. Therefore, in order to increase the
competitive advantage in cement product distribution that produced by the PT. S
as the holding company of PT. X and PT. Y, PT. S planned to merger both
companies. Therefore, the holding company require the research about the post
merger risk management in order to avoid the failure of the strategic plan. The
risk management framework that used in this research is AS/NZS 4360. The total
risks that have been identified are 50 risks. After risk identification, the next steps
are risk assessment, risk mapping, and mitigation. From the risk map, it is known
that 17 risks are classified as extreme risk, 23 risks are classified as high risk, 9
risks are classified as moderate risk, and 1 risk is classified as low risk.
| Item Type: | Thesis (Undergraduate) |
|---|---|
| Additional Information: | RSI 658.155 Sue m |
| Uncontrolled Keywords: | Manajemen Risiko, Merger, Proses Pasca Penggabungan |
| Subjects: | H Social Sciences > HD Industries. Land use. Labor > HD61 Risk Management |
| Divisions: | Faculty of Industrial Technology > Industrial Engineering > 26201-(S1) Undergraduate Thesis |
| Depositing User: | - Taufiq Rahmanu |
| Date Deposited: | 18 Nov 2019 08:30 |
| Last Modified: | 18 Nov 2019 08:30 |
| URI: | http://repository.its.ac.id/id/eprint/71861 |
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