(JUMPER)
Vol. 1 No. 1 (2023): July

MARKETING STRATEGY OF PT INDUSTRI JAMU AND SIDOMUNCUL PHARMACY TBK IN REACHING THE INTERNATIONAL MARKET

Andi Dewi Angreyani (Faculty Economics and Business University State of Makassar)
Muh Al Fatah AP (Faculty of Economics and Business, Universitas Negeri Malang)
Andini Ramadani (Faculty of Economics and Business, Universitas Negeri Malang)



Article Info

Publish Date
06 Jul 2023

Abstract

As the business world evolves with intense competition, consumers are becoming more discerning in their decision making when choosing high quality goods at the desired cost in order to receive the greatest value from their purchase. So that an international marketing strategy is needed at PT Sido Muncul. It is hoped that this research can become a reference and description of a company in developing marketing strategies that are international markets. This study examines the international marketing strategy at PT Sido Muncul. It is hoped that this research can become a reference and description of a company in developing marketing strategies that are international markets. Data analysis techniques use interactive model analysis which involves data reduction, data presentation, and drawing conclusions. The results show that Sido Muncul continues to develop its products, increasing the reach of target customers, product variants, and production capacity. Initially, PT Sido Muncul’s target market is in Export destinations are Indonesian citizens and foreign tourists who have been to Indonesia. However, as time goes by, PT Sido Muncul's products are increasingly in demand by local people in export destination countries. The strategy used is to build overseas branches in the Philippines and branches in Nigeria, product development, and expansion of domestic distribution.

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Journal Info

Abbrev

JUMPER

Publisher

Subject

Humanities Economics, Econometrics & Finance Social Sciences

Description

Journal Management & Economics Review : JUMPER is a journal for publishing research results on business decisions, processes and activities in actual business settings. Theoretical and empirical advances in buyer behavior, finance, organizational theory and behavior, marketing, risk and insurance ...