Articles

Indonesian Diplomatic Strategy Management in Addressing the South China Sea Issues

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This research evaluates the geopolitical and environmental conditions of the South China Sea and proposes strategies for Indonesia in managing potential conflicts and resources in the region. Using qualitative methods that include literature reviews from official sources and academic studies, this research highlights the importance of active diplomacy, modernization of maritime defence, and sustainable management of natural resources. The results show that Indonesia must strengthen multilateral cooperation through ASEAN, increase naval capacity, and implement the blue economy. Recommendations also include developing maritime surveillance technology, improving infrastructure, and active participation in international forums such as the UN and implementing UNCLOS. Domestic efforts to increase public awareness and research collaboration are also considered essential for maintaining regional sovereignty and security.

Enterprise Risk Management (ERM) Practices to Achieve Long Term and Sustainable Organization’s Goals: Case of Institut Teknologi Bandung (ITB)

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Every choice made in the pursuit of objectives has its risks. From day-to-day operational decisions to the fundamental trade-offs in the boardroom, dealing with uncertainty in these choices is a part of the organizational lives. A strategy is nothing more than a commitment to a set of coherent, mutually reinforcing policies or behaviours aimed at achieving a specific competitive goal. In order to ensure the implementation of efforts and the allocation of resources to achieve strategic goals, top management should conduct integrated risk management practices to all activities/initiatives of the organization’s management, both individually and collectively. Risk management is an intrinsic part of business planning and decision making. No direction is taken without looking at the potential risks and comparing them against the organization’s risk appetite.
This paper aims to research in general the practice of enterprise risk management within Institut Teknologi Bandung (ITB) as a well-known and public-state-owned university in Indonesia. This research concludes that the enterprise risk management implementation is not fully implemented yet within ITB as an enterprise. Almost all respondents agree that the implementation of enterprise risk management has a positive and significant influence on the organization’s objectives achievement. Improving university performance overall will require an effective enterprise risk management practice. Author highly recommends ITB to adopt risk management practice based on ISO-31000 standard, and it can be combined with other risk management standards available nowadays if necessary. ITB needs to start the implementation at the soonest as possible, in order to maintain its strategic position as a top university in Indonesia, increase its competitive advantages to compete in the global scale, and at the same time achieving its vision and mission in a long-term and sustainable manner.