Proposed Business Strategy to Ensure Continuity in Construction Company (Study Case of PT Rekayasa Industri)
Journal Title: International Journal of Current Science Research and Review - Year 2024, Vol 7, Issue 07
Abstract
PT Rekayasa Industri (Rekind) is strategically shifting from Engineering, Procurement and Construction (EPC) to Operations and Maintenance (O&M) to improve financial stability and operational efficiency. This study explores reasons behind Rekind’s financial difficulties despite undertaking numerous large-scale projects and examine the strategic steps required for a successful transformation. Using Soft System Methodology (SSM) to analyse qualitative data collected through interviews, developing a comprehensive understanding of the organizational, financial, legal and operational complexities involved. The study identifies key transformation steps, including restructuring organizational framework, enhancing risk management practices, and fostering long-term relationships. The proposed transformations aims to achieve better financial performance, increased efficiency and a more sustainable business model, ensuring Rekind’s future growth and stability.
Authors and Affiliations
Romicere Cordias, Erman Arif Sumirat, Sylviana Maya Damayanti,
Keywords
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- EP ID EP740779
- DOI 10.47191/ijcsrr/V7-i7-70
- Views 32
- Downloads 0
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