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All Journal INTERNATIONAL JOURNAL OF ECONOMIC LITERATURE INTERNATIONAL JOURNAL OF SOCIETY REVIEWS (INJOSER) International Journal of Social and Education (INJOSEDU)
Mohd Syahrin
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Economics, Econometrics & Finance Social Sciences

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Journal : International Journal of Social and Education (INJOSEDU)

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INNOVATIONS IN LEGAL MANAGEMENT: TRANSFORMING THE ROLE OF LAW DEPARTMENTS IN ORGANISATIONS Latif Karim; Sigit Pandu Cahyono; Mohd Syahrin
INTERNATIONAL JOURNAL OF SOCIAL AND EDUCATION Vol. 1 No. 5 (2024): August
Publisher : Pondok Pesantren Baitul Quran

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Abstract

In an era of digital revolution where interconnectivity and globalisation are growing at a rapid pace, innovation in legal management has become a necessity for every organisation to survive in the midst of fierce competition and comply with increasingly complex regulations. Legal departments that used to focus on reactive roles such as dispute resolution and fulfilling minimum obligations are now transforming into more strategic and proactive entities. The implementation of advanced technologies such as artificial intelligence, data analytics and automation has changed the way law departments work, enabling increased efficiency, reduced costs and a focus on value-added activities. Globalisation and increasing regulatory complexity require law departments to have rapid adaptability and a deep understanding of the laws of various jurisdictions. The role of the legal department has expanded from a mere compliance watchdog to a strategic business partner capable of responding responsively to changing regulations and market dynamics. However, this transformation is faced with obstacles such as internal resistance to change, limited resources, and the challenge of integrating new technology into existing systems. The success of legal management innovation depends on effective strategy, visionary leadership, and appropriate investment in human resources and technology. In conclusion, to achieve effective and innovative legal management, an organisation needs to overcome these constraints through a strategic and progressive approach. By creating an enabling environment for innovation and growth, legal can act as a strategic partner that not only ensures compliance and risk management but also supports the sustainable achievement of business objectives.
EVALUATION OF RISK MANAGEMENT STRATEGIES IN PROFIT OPTIMIZATION IN THE BANKING SECTOR Adhista Setyarini; Ziko Hamdi; Mohd Syahrin
INTERNATIONAL JOURNAL OF SOCIAL AND EDUCATION Vol. 1 No. 6 (2024): September
Publisher : Pondok Pesantren Baitul Quran

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This study aims to evaluate risk management strategies in profit optimization efforts in the banking sector. The findings reveal that the implementation of a reliable risk management strategy is able to contribute significantly to increasing profitability and financial stability of banks. Solid risk management helps in identifying, measuring, and managing various potential risks that could potentially threaten the bank's financial performance. Successful risk management enables banks to minimize potential losses and maximize opportunities, ultimately increasing profits in a sustainable manner. This study confirms the importance of integrating risk management into a bank's business strategy. Risk management is not only needed as a protection tool, but also as an important component in strategic decision-making. By incorporating risk considerations in day-to-day activities, banks can make more informed and timely decisions, which in turn helps reduce uncertainty and improve operational efficiency. The role of technology and data analytics is also highlighted, as it improves the accuracy of risk prediction and evaluation. The utilization of advanced technology enables banks to respond to risks quickly and effectively, thereby preventing negative impacts on financial performance. The implementation of technology-based risk management systems enhances transparency and accountability, which increases stakeholder confidence in bank management. In addition, compliance with dynamic regulations is also an important factor in the risk management strategy. Stringent regulations encourage banks to continuously adapt and refine their risk management framework. Compliance with regulatory rules not only avoids sanctions but also builds a good reputation in the eyes of investors and customers.
Co-Authors A.Hamid Adhista Setyarini Al-Amin Alfiana Amândio de Araújo Sarmento Anggi Setya Prayoga Erwin Felina C Young Hadenan Towpek Iyad Abdallah Al- Shreifeen Jeferson Siahaan Latif Karim Loso Judijanto Melyana R Pugu Miranu Triantoro Moh. Yamin Darsyah Mohamad Khairi Bin Haji Othman Mohammad Taqiuddin Mohamad Muhammad Syafri Nahot Tua Parlindungan Sihaloho Sigit Pandu Cahyono Teti Anggita Safitri, Teti Anggita Ziko Hamdi