Using SWOT Analysis to Determine Marketing Strategies to Increase Sales and Develop Meatball Culinary MSME Businesses
Journal Title: Journal of Economics, Finance and Management Studies - Year 2024, Vol 7, Issue 06
Abstract
Meatballs are a food that is much sought after by Indonesian people, especially the people of Situbondo Regency. In Situbondo Regency, there are many business people who sell meatballs. One of them is Mr. Jumari's Meatball Business P. Kardi which is located in Curah Jeru Village, Panji District, Situbondo Regency. However, there are still many business actors who still have various obstacles in marketing their products. Such as not having the right marketing strategy, not carrying out promotions or even not taking into account raw material costs and labor costs in determining the selling price. Therefore, this research uses a SWOT analysis approach to determine marketing strategies to increase sales and develop the business. Based on the IFAS and EFAS calculations that have been carried out, it can be concluded that P. Kardi's Meatball Business is at 0.7892; 0.5822. So from these calculations it can be concluded that Mr. Jumari's P. Kardi Meatball Business is in quadrant I position, this position shows a very favorable situation for Mr. Jumari's P. Kardi Meatball Business to carry out aggressive or growth strategies. The results of the SWOT analysis produce several alternative strategies that companies can choose, namely: 1) Improving product quality so that they can attract more consumers and increase consumer satisfaction and loyalty, 2) Creating products with new shapes and tastes, 3) Utilizing social media to carry out promotions and advertisements, 4) Establish good cooperation with regular meat sellers and meat grinders, 5) Expand marketing locations so that consumers who want to eat on site can enjoy their food deliciously.
Authors and Affiliations
Yudha Praja , Muhammad Rofiqi, Nurul Qomariah
Effect of Turnover Tax on Small and Medium Enterprises’ (SMEs) Growth in the Clothing Retail Industry: A Case Study of Lusaka
Taxation plays an important role in the development of every economy as well as the growth of Small and Medium Enterprises (SMEs). The purpose of the study was to evaluate the effect of turnover tax on the growth of smal...
Firm Growth and SME Performance
The study aimed to determine Firm growth, and SME Performance in Buloba town, Wakiso district, Uganda. The research sample size was 80 SMEs based in Buloba town. The study adopted a survey research design; it included th...
The Effect of Public Satisfaction in Public Services with Variables Mediated By Perceptions of Uu No.33 and 34 of 1964 (Case Research at Pt.Jasa Raharja as the Represent of Surabaya)
The purpose of the reseach was to determine the effect of public satisfaction on public services at PT.Jasa Raharja as the represent of Surabaya which was mediated by the perception of the insurance constitution (UU no 3...
Analysis of the Effect of Profitability, Company Size and Growth Opportunity toward Firm Value with Capital Structure as Intervening Variable in Consumer Goods Companies Listed on Indonesia Stock Exchange period 2018-2020
This research was conducted to analyze whether profitability, company size and growth opportunity influence firm value with capital structure as an intervening variable toward consumer goods companies listed on Indonesia...
Analysis of Value Added Tax Revenue in Indonesia from 1990 to 2022
In enhancing welfare and advancing Indonesia, the government plays a crucial role in promoting economic cooperation and implementing effective fiscal regulations, one of which is through optimizing revenue from the taxat...