PROPOSED BUSINESS STRATEGY ON SME (CASE STUDY: ARUMADECO)

Arumadeco, an MSME in the home decor industry, faces the challenge of balancing growth with operational efficiency as a one-person business. This study conducts a strategic tools like SWOT, VRIO, PESTEL, and Competitor Analysis. The Segmentation, Targeting, and Positioning (STP) analysis identi...

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Main Author: Ahmad, Masroor
Format: Theses
Language:Indonesia
Subjects:
Online Access:https://digilib.itb.ac.id/gdl/view/84308
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Institution: Institut Teknologi Bandung
Language: Indonesia
id id-itb.:84308
spelling id-itb.:843082024-08-15T09:06:46ZPROPOSED BUSINESS STRATEGY ON SME (CASE STUDY: ARUMADECO) Ahmad, Masroor Manajemen umum Indonesia Theses One-person business, MSME, Home Décor, Business Strategy INSTITUT TEKNOLOGI BANDUNG https://digilib.itb.ac.id/gdl/view/84308 Arumadeco, an MSME in the home decor industry, faces the challenge of balancing growth with operational efficiency as a one-person business. This study conducts a strategic tools like SWOT, VRIO, PESTEL, and Competitor Analysis. The Segmentation, Targeting, and Positioning (STP) analysis identifies young adult women in Indonesia, who prefer vintage and shabby-chic styles, as the primary market. The PESTEL analysis highlights macro-environmental factors, such as Indonesia's growing digital economy and rising consumer purchasing power, while the Competitor Analysis underscores intense competition from brands like hyeeradecor and calicoliving. The VRIO analysis reveals Arumadeco's unique, high-quality products as a competitive advantage, though limited financial resources and reliance on outsourcing are significant weaknesses. The SWOT and TOWS analyses lead to the recommendation of a Focused Differentiation Strategy, targeting a niche market with high-quality, unique products. The proposed business strategy includes operational improvements, product line expansion, and the introduction of limited-edition collections to enhance exclusivity. These strategies aim to capitalize on market opportunities and address the challenges Arumadeco text
institution Institut Teknologi Bandung
building Institut Teknologi Bandung Library
continent Asia
country Indonesia
Indonesia
content_provider Institut Teknologi Bandung
collection Digital ITB
language Indonesia
topic Manajemen umum
spellingShingle Manajemen umum
Ahmad, Masroor
PROPOSED BUSINESS STRATEGY ON SME (CASE STUDY: ARUMADECO)
description Arumadeco, an MSME in the home decor industry, faces the challenge of balancing growth with operational efficiency as a one-person business. This study conducts a strategic tools like SWOT, VRIO, PESTEL, and Competitor Analysis. The Segmentation, Targeting, and Positioning (STP) analysis identifies young adult women in Indonesia, who prefer vintage and shabby-chic styles, as the primary market. The PESTEL analysis highlights macro-environmental factors, such as Indonesia's growing digital economy and rising consumer purchasing power, while the Competitor Analysis underscores intense competition from brands like hyeeradecor and calicoliving. The VRIO analysis reveals Arumadeco's unique, high-quality products as a competitive advantage, though limited financial resources and reliance on outsourcing are significant weaknesses. The SWOT and TOWS analyses lead to the recommendation of a Focused Differentiation Strategy, targeting a niche market with high-quality, unique products. The proposed business strategy includes operational improvements, product line expansion, and the introduction of limited-edition collections to enhance exclusivity. These strategies aim to capitalize on market opportunities and address the challenges Arumadeco
format Theses
author Ahmad, Masroor
author_facet Ahmad, Masroor
author_sort Ahmad, Masroor
title PROPOSED BUSINESS STRATEGY ON SME (CASE STUDY: ARUMADECO)
title_short PROPOSED BUSINESS STRATEGY ON SME (CASE STUDY: ARUMADECO)
title_full PROPOSED BUSINESS STRATEGY ON SME (CASE STUDY: ARUMADECO)
title_fullStr PROPOSED BUSINESS STRATEGY ON SME (CASE STUDY: ARUMADECO)
title_full_unstemmed PROPOSED BUSINESS STRATEGY ON SME (CASE STUDY: ARUMADECO)
title_sort proposed business strategy on sme (case study: arumadeco)
url https://digilib.itb.ac.id/gdl/view/84308
_version_ 1822010336272711680