Governance Mechanisms in Optimizing the Management of Regional-Owned Enterprises in West Java

This study aims to analyze the implementation of governance in Regional-Owned Enterprises (ROEs) in West Java and to identify the strengths, weaknesses, opportunities, and threats faced by three key ROEs: PT. X (Finance), PT. Y (Energy), and PT. Z (Agriculture). Utilizing SWOT analysis and the Internal Factor Evaluation (IFE) and External Factor Evaluation (EFE) matrices, this research provides a comprehensive overview of each ROE's strategic position in addressing market challenges and regulatory changes. The findings reveal that PT. X holds significant potential in the Islamic financial market but faces challenges in technology and marketing. PT. Y focuses on leveraging natural resources and diversifying into renewable energy, despite its reliance on global oil prices. Meanwhile, PT. Z encounters challenges in supply chain efficiency and marketing of agricultural products. Effective governance implementation, through the principles of Good Corporate Governance (GCG), is shown to be crucial in enhancing accountability and transparency, thereby supporting the growth and sustainability of ROEs. This study also highlights the necessity of technological innovation and strategic partnerships to bolster ROE competitiveness in the era of globalization and digitalization. The limitations of this research lie in its focus on only three ROEs and its external factor analysis, which does not fully address socio-cultural and political dimensions.