Journal of Management and Business Innovations
Volume: 03, Number: 01, 2021

Implementation of SWOT Analysis in Marketing Strategy for Murabahah Finance Products PMG-ASN Motorcycles During COVID-19 Pandemic

Kevin Mifthah Hadi Lubis (Universitas Islam Negeri Sumatera Utara)
Nuri Aslami (Universitas Islam Negeri Sumatera Utara)



Article Info

Publish Date
30 Jun 2021

Abstract

This study's findings include a marketing strategy, specifically the marketing of PMG-ASN Motorbike Murbahah financing products, implemented by PT. Bank Sumut during the Covid-19 pandemic, which includes several strategies, namely: picking up balls, building networks, providing excellent service, and providing satisfying facilities to increase customer trust and satisfaction so that custodians feel secure. According to the SWOT analysis findings, PT. Bank Sumut has taken the risk of competing in a competitive market while offering customers innovative products. SO Strategy (potentially lucrative opportunities): Expanding market share, expanding collaboration with motorcycle dealers in North Sumatra, and building relationships with academics, government officials, and business leaders. WO strategy (Weakness Opportunities): Specifically, implementing a ball pick strategy, enhancing consumer loyalty, and improving product quality are examples of WO strategies. An ST strategy (strengths Treats) involves partnering with government departments and dealers to define marketing objectives and improve service quality. A second technique is executing more excellent promotion through various media and establishing an effective and efficient marketing plan (Weakness Treats / WT).Keywords: Covid-19 pandemic, marketing strategy, motorcycle PMG- ASN products, SWOT

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Journal Info

Abbrev

jombi

Publisher

Subject

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

Description

Journal of Management and Business Innovations (JOMBI) is an online peer-reviewed International research journal aiming at promoting and publishing original high quality research in all disciplines of management and business. JOMBI is a journal that published by the Department of Management, Faculty ...