Indonesian Journal of Business and Entrepreneurship (IJBE)
Vol. 7 No. 3 (2021): IJBE, Vol. 7 No. 3, September 2021

Strategy of Business Digitalization of Micro, Small, and Medium Entreprises (A Case Study of Cultive Apparel)

Muhammad Faizurrohman (School of Business, IPB University)
Lukman M. Baga (Department of Agribusiness, Faculty of Economics and Management, IPB University)
Siti Jahroh (School of Business, IPB University)



Article Info

Publish Date
28 Sep 2021

Abstract

Transformation needs to be carried out by various scales of business including Micro, Small and Medium Enterprises (MSMEs). Cultive Apparel is one of the clothing MSMEs that has experienced a decline in business performance since digital development. This study aims to analyze the causes of the gap between actual and expected conditions, identify and map business environmental factors, and formulate digital business strategies. Data analysis use spider web, IFE and EFE analysis (PESTEL and 5 Forces Porter), IE matrix, and QSPM Matrix. The results show a gap in the lack of product promotion activities in the digital. The main strength lies in the product brands that are known by consumers. The biggest weakness is the limited human resources. The greatest opportunities for a price match with suppliers and consumer loyalty. The biggest threat to suppliers who carry out direct retail sales to consumers and price wars. IE matrix shows the company is in quadrant II. Strategies that can be carried out in this quadrant are intensive and integrative strategies. QSPM matrix showed that the company should develop the market. Managerial implications are carried out by improving digital infrastructure, improving operational capabilities, developing market segments, and increasing the intensity of digital marketing. Keywords: business digitalization, fashion, industry 4.0, market development

Copyrights © 2021






Journal Info

Abbrev

ijbe

Publisher

Subject

Decision Sciences, Operations Research & Management Economics, Econometrics & Finance

Description

Indonesian Journal of Business and Entrepreneurship (IJBE) publishes information of empirical research and reviews in business and entrepreneurship. IJBE is published by School of Business, Bogor Agricultural University (SB-IPB) associated with Indonesian Alliance of Magister Management Program ...