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http://dx.doi.org/10.13106/jafeb.2021.vol8.no3.0505

Strategies for MSMEs to Achieve Sustainable Competitive Advantage: The SWOT Analysis Method  

JATMIKO, Bambang (Faculty of Business and Economics, Universitas Muhammadiyah Yogyakarta)
UDIN, Udin (Faculty of Business and Economics, Universitas Muhammadiyah Yogyakarta)
RAHARTI, Rini (Business and Economic Faculty, Universitas Janabadra)
LARAS, Titi (Faculty of Business and Economics, Universitas Janabadra)
ARDHI, Kholifah Fil (Faculty of Business and Economics, Universitas Muhammadiyah Yogyakarta)
Publication Information
The Journal of Asian Finance, Economics and Business / v.8, no.3, 2021 , pp. 505-515 More about this Journal
Abstract
The essential purpose of this study is to propose strategies for developing micro-, small-, and medium-sized enterprises (MSMEs) to realize sustainable competitive advantage by applying the SWOT analysis method. Thus, the main problems investigated in this study are: a) around 60-70% of MSMEs in Kulonprogo regency do not yet have access or financing from banks; b) lack of knowledge of production technology; c) in general, MSMEs business actors are still incorporated legal entities; d) MSMEs do not have a good financial administration and management system; e) coordination between MSMEs stakeholders has not been integrated; f) limited facilities and infrastructure of MSMEs, primarily related to technological tools; and g) limited access to raw materials so that MSMEs often get low-quality raw materials. This study employed a survey method with questionnaires and interviews. By using the Slovin tools sampling technique, the number of samples was 39 MSMEs in Kulonprogo Regency, Yogyakarta, Indonesia. The results of this study confirmed that the Kulonprogo MSMEs should pay attention to seven aspects of business management to achieve sustainable competitive advantage. The seven aspects are: 1) business strategy; 2) human resources; 3) information technology; 4) products; 5) promotion; 6) cooperation; and 7) corporate social responsibility (CSR).
Keywords
Business Strategy; MSME; Competitive Advantage;
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