Business Strategy for A Distressed Company Turnaround and the Application of US’ Index Theory to Determine the Financing Strategy: Case Study of PT BCS, An Online-To-Offline E-Commerce Platform
Abstract
This paper analyses the turnaround approach for a struggling online-to-offline automobile e-commerce enterprise via company diversification, financial analysis, and the application of the US Index theory to identify optimal financing solutions. The study utilizes primary data from management interviews and secondary data from corporate records and market research, employing both qualitative and quantitative methodologies. The results indicate that although the organization encounters difficulties in system integration, pricing consistency, and elevated operational expenses, there are prospects in the expanding automotive aftermarket and industry digitization. The study employs the US Index theory and thorough analysis to offer strategic recommendations for operational enhancements and a systematic financing approach, thereby advancing both practical business solutions and theoretical insights into recovery strategies in the digital era.
References
AISI. (2024). Statistic Distribution. Retrieved 5 November 2024, from https://www.aisi.or.id/statistic/
Buttignon, F. (2020). Distressed firm valuation: A scenario discounted cash flow approach. Journal of Business Valuation and Economic Loss Analysis, 15(1). Retrieved from https://doi.org/10.1515/jbvela-2020-0002
Damodaran, A. (2014). APPLIED CORPORATE FINANCE FOURTH EDITION.
GAIKINDO. (2024). Indonesian Automobile Industry Data. Retrieved 5 November 2024, from https://www.gaikindo.or.id/indonesian-automobile-industry-data/
Gangrade, K. D. (1982). Methods of data collection: Questionnaire and schedule. Journal of the Indian Law Institute, 24(4), 713–722.
Gitman, L. J., & Zutter, C. J. (2011). Principles of Managerial Finance. Retrieved from www.myfinancelab.com
Kabir, S. M. S. (2016). Methods of Data Collection. From: Https://Www.Researchgate.Net/Publication/325846997_METHODS_OF_D ATA_COLLECTION. Retrieved from https://www.researchgate.net/publication/325846997
Kruschwitz, L., & Löö, A. (2020). Springer Texts in Business and Economics Stochastic Discounted Cash Flow A Theory of the Valuation of Firms. Retrieved from http://www.springer.com/series/10099
Osterwalder, A., & Pigneur, Y. (2010). Business Model Generation: A Handbook for Visionaries, Game Changers dan Challengers. New Jersey: John Wiley & Sons, Inc.
Rabianski, J. S. (2003). Primary and secondary data: Concepts, concerns, errors, and issues. The Appraisal Journal, 71(1), 43.
Rothaermel, F. T. (2021). Strategic Management (5th Edition). New York: McGraw-Hill Education.
Saunders, M. N. K., Lewis, P., & Thornhill, A. (2019). Research Methods for Business Students (8th Edition). New York: Pearson.
Siahaan, U. M. (2019). The Introduction and the Application of US’ Index Theory to Enhance Quality of Loan within Banking Industry and Financial Institutions Case Study: Bank ABC. Online) International Journal of Research in Business Studies and Management (Vol. 6).
Taherdoost, H. (2021). Data Collection Methods and Tools for Research; A Step-by-Step Guide to Choose Data Collection Technique for Academic and Business Research Projects. International Journal of Academic Research in Management (IJARM), 10(1), 10–38.