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

Keywords

Related Articles

Global Public Debt Since 1995: Long-Term Trends, Current Phase, Medium-Term Outlook for Economic Growth

Topic. The paper aims to identify long-term trends in global public debt (since 1995), provide its current overview (the magnitude of debt, concentration levels among participants and instruments, risk factors in the cur...

Impact of Fintech on Economic Development of Third World Countries: A Focus on Nigeria

The digital age has ushered in a transformative shift in the financial industry, permitting financial institutions to reach previously "unbanked" consumers in emerging economies while keeping current traditional bank cus...

Unveiling the Nexus between Capital Structure Dynamics and Stock Performance: A Panel Data Approach of Listed Firms in Vietnam

This study investigates the dynamic relationship between capital structure and stock performance in Vietnamese firms, addressing a critical gap in emerging market finance literature. Utilizing a comprehensive dataset of...

The Influence of Creativity and Innovation through Work Quality on the Work Achievement of State Civil Apparatus in Research and Badung District Regional Innovation

The Badung Regency Regional Research and Innovation Agency has an important task in increasing regional competitiveness through research and development and innovation in various sectors. In carrying out these duties, St...

Impact of Excise Tax on Reducing Tobacco Consumption – The Case of Vietnam

With rising tobacco consumption around the world, particularly in Vietnam. The essay examined and evaluated the excise duty on cigarettes in Vietnam. Moreover, the author developed a research model based on elements infl...

Download PDF file
  • EP ID EP736350
  • DOI 10.47191/jefms/v7-i6-05
  • Views 75
  • Downloads 0

How To Cite

Yudha Praja, Muhammad Rofiqi, Nurul Qomariah (2024). Using SWOT Analysis to Determine Marketing Strategies to Increase Sales and Develop Meatball Culinary MSME Businesses. Journal of Economics, Finance and Management Studies, 7(06), -. https://www.europub.co.uk/articles/-A-736350