Performance Improvement Strategies for A Public Company: A Case Study of PT Hutama Karya (Persero)

DOI

10.2991/978-94-6463-400-6_77How to use a DOI?

Keywords

Firm Performance; SWOT; PT Hutama Karya

Abstract

This research focuses on formulating strategies to enhance the performance of PT Hutama Karya (Persero) (HK). Through interviews with three managerial informants, representing diverse fields within HK, a SWOT analysis was conducted to identify internal strengths and weaknesses, as well as external threats and opportunities. The resulting strategies for performance improvement encompass: 1) Diversifying into technical consultancy services to capitalize on HK’s skilled human resources; 2) Investing in communication technology for improved coordination and project execution; 3) Prioritizing projects based on urgency and potential returns through project mapping; 4) Centralizing marketing activities to enhance the performance of construction business marketing; 5) Securing supply contracts for raw materials at agreed-upon prices by leveraging an extensive business network; 6) Establishing internal regulations to ensure operational stability during political upheavals; 7) Utilizing digital technology to foster strong relationships with working partners; and 8) Optimizing asset recycling for increased effectiveness and efficiency. Limitations of the study include reliance on interview data from three managerial representatives, suggesting a need for future research to expand data types, include more informants across different levels, and provide a comprehensive understanding of HK’s performance and strategic requirements for sustained improvement.

Copyright

© 2024 The Author(s)

Open Access

Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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TY  - CONF
AU  - Arif Rahman
PY  - 2024
DA  - 2024/05/22
TI  - Performance Improvement Strategies for A Public Company: A Case Study of PT Hutama Karya (Persero)
BT  - Proceedings of the 8th International Conference on Accounting, Management, and Economics (ICAME 2023)
PB  - Atlantis Press
SP  - 1007
EP  - 1020
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-400-6_77
DO  - 10.2991/978-94-6463-400-6_77
ID  - Rahman2024
ER  -