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The Importance of Creating Artificial Intelligence Supported Future Scenarios in Decision Making Processes

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Artificial intelligence technologies are rapidly developing and having a major impact on the business world. Decision-making processes play an important role for the success of an organization. However, in today’s business world with its complexity and uncertainty, it becomes difficult to manage decision-making processes. At this point, creating future scenarios supported by artificial intelligence and working on different scenarios helps businesses to be more prepared for uncertainty.

Artificial intelligence-supported scenarios can be utilized across various sectors and fields of work. AI enables businesses to analyze past data, predict trends, and consequently work on future scenarios to make more informed decisions. The significance of future scenarios lies in identifying risks and opportunities in advance, adapting to future changes, and being proactive in competition. By evaluating potential developments, shaping your business strategy, you can gain a competitive advantage and make more reliable decisions.

Qualitative methods were employed in the research. Interviews were conducted with managers from 6 different professional groups (software, biomedical, public, construction, university, e-commerce). Data was collected and analyzed using semi-structured interview forms consisting of 4 questions. When the findings were evaluated, no concerns or negative expressions regarding the use of artificial intelligence were expressed. Except for public institutions, everyone has AI in their planning. Each sector believes it is important. No negative concerns were expressed. The prominent concepts in the findings are: Speed, big data, gaining competitive advantage, personalized customer experience, risk analysis, cost advantage, technology adaptation, optimization, accurate and fast situation detection, efficiency, etc.

It is thought that the research will create significant awareness for businesses in the turbulent period of the 21st century, where uncertainties are greater than ever. Despite all the positive aspects, AI-supported decision-making processes also carry some risks. The most prominent risks include the applicability of AI-supported scenarios, security concerns, the existence of ill-trained AI models, ethical issues and data privacy.

Proposed Business Strategy to Increase Profitability in Food & Beverage Industry (Case Study: Pt Ganesha Abaditama)

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Indonesia’s retail industry is one of the most promising due to its large population and rising purchasing power from middle-class individuals and millennials with increased spending habits. Food and beverages are part of Indonesia’s retail industry. Ganesha, a manufacturer, and supplier of packaged spices has seen sales decline in the last two years. Outperforming supermarket competitors to increase sales requires a new business strategy to gain competitive advantages. This study uses the AFI framework to design a new business strategy. Porter’s Five Forces, customer, and consumer analysis are used for external business analysis. Resource-based view analysis, core competencies gap analysis, and VRIO analysis are used to analyze the internal business environment. Interviews, questionnaires, and observation provided primary data. Websites, books, articles, and journals provided secondary data. The two data sets are combined for the SWOT analysis, and the TWOS matrix is used to develop strategies. Results show that underpricing rivals and increasing product value will increase market share. Innovating the supply chain, production, and technology helps lower selling prices. Innovating existing products, packaging, and variations helps add product value. However, product innovation requires more market research to determine consumer interest.

Proposed Business Strategy to Gain a Competitive Advantage for Construction Consultant Company

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 PT Hirfi Studio is a construction consulting company that has experienced a decrease in profitability. To address this issue and improve the company’s performance, the management team needs to create a clear business strategy. This will involve setting goals and objectives, analyzing the internal and external environment of the company, and identifying the resources and capabilities needed to achieve these goals. The business strategy should also consider the company’s target market and competition, and outline actions that will give it a competitive advantage. To resolve its profitability issues, PT Hirfi Studio has decided to adopt an integrated cost leadership strategy, which involves using corporate, business, and functional strategies together to lower costs and improve efficiency while still providing high-quality products and services to customers. To implement this strategy successfully, PT Hirfi Studio will need to align its strategies with its overall goals and objectives. Through this integrated approach, the company aims to achieve long-term success, improve profitability, and gain a competitive advantage.

Business Strategy to Increase Sales Performance: Case Study of a Mineral Water Product in Indonesia

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Currently, people in Indonesia are starting to become aware of consuming proper drinking water so the demand for proper drinking water increases every year. This is an opportunity for Club mineral water to meet market demand. Club’s drinking water brand has started to gain public attention, as shown by the Club’s brand being included in the category of five bottled drinking water based on consumer choice according to Indonesia’s Top Brand data. Even so, the Club has the lowest market share percentage when compared to its four competitors. Furthermore, looking at the internal sales performance of the Indofood CBP’s group, sales of the beverage division were smaller than other divisions. This shows that the Club needs to analyze its strategy to improve its sales performance so the company can become a leader in its market. This study further analyzes how the company runs its business from an external and internal perspective. This study uses external analysis such as PESTEL analysis, Porter’s five forces, consumer analysis, and competitor analysis. Moreover, there are also internal analyses such as analysis of the company’s core competencies, resource-based analysis, and VRIO. Then a further analysis was conducted by using a SWOT analysis to determine the strengths, weaknesses, opportunities, and threats to the Club’s mineral water products. This study uses qualitative and quantitative methods using a survey of Club mineral water customers. The researcher also analyzed the position of the Club’s mineral water compared to its business competitors in terms of sales, followers on Instagram social media, frequencies of Instagram posting, and how competitors use digital media. After that, the TOWS matrix will help the Club’s mineral water develop its business and sales. The recommendations given include that the company should know its core competencies to develop, makes product innovations that are different from its competitors, improve the way product promotions are delivered, and optimizes digital media as a sales tool. Strategy implementation in the form of a Gantt chart is made based on these recommendations so that PT ICBP Club could implement it properly.

Important Factors on Make or Buy Strategy for Margin Improvement on Consumer Goods Company

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Consumer goods industry have tight a competition in the market. Therefore, companies that operate in this kind of industry should continuously improve sustainable competitive advantage. The strategy to increase competitive advantage is not through innovation but also requires cost leadership so that the company obtains an adequate profit margin. One of the efforts to gain cost leadership is that companies need to choose between make inhouse production or buy goods directly from appointed third party supplier. This study based on qualitative research methodology aims to discuss the important factors for building a business case on the make or buy options. Data for analysis purpose are obtained from interviews with individuals representing one of the leading multinational companies operating in Indonesia that produces personal care, hygiene and home care. Interviews results are written in transcript, coded and mapped to illustrate the keywords mentioned by respondents then being categorized as important factors or not. The result of the study showed that cost, capability, capacity, quality, service level and technology are important factors on consideration make or buy. Cost factor also consider projection volume, transportation and investment.

The Influence and Benefits of Technology as a Strategy in Organizations

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The article presents a description of “The Influence and Benefits of Technology as a Strategy in Organizations.” Technology is considered as a competitive advantage, which allows organizations to benefit, this technology means that these companies can maintain themselves and acquire a position interesting within the market, now organizations are interested in the acquisition of technology, this acquisition takes value because of the economic importance that can come from having the best technology within the organization. The document presents information about technology as a key strategy, which can help companies to create a competitive advantage within the market.