Garuda Indonesia restructuring strategy due to company performance enhancement
Keywords:
Restructuring, Finance, AviationAbstract
Garuda Indonesia restructuring objective is to address the financial and operational problems faced by the company, as well as ensure long-term business sustainability. The restructuring strategy carried out by Garuda Indonesia was to overcome the various problems it faced, namely a significant financial decline, including increasing debt, high operational costs, and reduced revenue. To deal with this situation, Garuda Indonesia adopted several strategic steps. The method used in this study is a descriptive method, which is a research method used to systematically describe the facts or characteristics of a phenomenon faced by Garuda Indonesia through the collection of relevant public data and information about the steps taken by Garuda Indonesia in its restructuring efforts. This method aims to provide a comprehensive picture of the restructuring strategy undertaken by Garuda Indonesia. The first step is internal improvement, in which the company conducts a thorough evaluation of the organizational structure, reducing costs, and improving operational efficiency. In this process, Garuda Indonesia restructured its human resources, reduced the number of employees, and improved its management and control systems. The results of the restructuring carried out by Garuda Indonesia cannot be assessed as a whole because it is still in the implementation process. However, the restructuring measures that have been taken demonstrate the company's commitment to overcoming the problems encountered and strengthening their position in the market.
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Fatimah, Siti. 2019. Pengantar Transportasi. Pertama. Makasar: Myria Publisher.
Hagger, M. S., Cheung, M. W. L., Ajzen, I., & Hamilton, K. (2022). Perceived Behavioral Control Moderating Effects in the Theory of Planned Behavior: A Meta-Analysis. Health Psychology, February. https://doi.org/10.1037/hea0001153
Hanindharputri, M. A., & Sagung Intan Pradnyanita, A. A. (2021). Konten Visual Instagram Sebagai Strategi Pemasaran UMKM Baru. Institut Desain Dan Bisnis Bali, 1–8. https://www.instagram.com/omosnackbali,
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Luther Gulick. 2019. “MANAJEMEN SUMBER DAYA MANUSIA Eri Susan 1.†Jurnal Manajemen Pendidikan 9 (2): 952–62.
Liu, Q., Lee, W. S., Huang, M., & Wu, Q. (2022). Synergy between stock prices and investor sentiment in social media. Borsa Istanbul Review. https://doi.org/10.1016/j.bir.2022.09.006
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Raza, A., & Jalees, T. (2016). Measuring The Effect Of Product Placement Strategy On Attitudinal Aspects. Pakistan Business Review Oct 2016, 774–791.
Sığırcı, Ö. (2021). Artificial Intelligence in Marketing. September, 342–365. https://doi.org/10.4018/978-1-7998-6985-6.ch016
Sulistyorini. 2009. Manajemen Pendidikan Islam. Yogyakarta: Penerbit Teras.
Tambunan, Diana, and Tri Widyastuti. 2022. “Menilai Kinerja Keuangan Maskapai Penerbangan Garuda Indonesia Di Saat Pandemi Covid-19: Studi Kasus.†JEMBA: Jurnal Ekonomi, Manajemen, Dan Akuntansi 1 (1): 97–106. https://bajangjournal.com/index.php/JEMBA/article/view/1609.
Winarso, Widi. 2014. “Pengaruh Biaya Operasional Terhadap Profitabilitas (Roa) Pt Industri Telekomunikasi Indonesia (Persero).†Ecodemica 2 (2): 258–72.
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Published
2023-07-18
How to Cite
Ozali, I. (2023). Garuda Indonesia restructuring strategy due to company performance enhancement. Journal of Management Science (JMAS), 6(3), 324–330. Retrieved from https://www.exsys.iocspublisher.org/index.php/JMAS/article/view/270
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