JDM (Jurnal Dinamika Manajemen)
Vol 14, No 2 (2023): September 2023 (DOAJ Indexed)

Business Performance of MSMES in Traditional Market: an Analysis of Strategic Management Aspect

Rahmawati Rahmawati (Universitas Sebelas Maret)
Siti Arifah (Universitas Tidar)
Bambang Pujiasmanto (Universitas Sebelas Maret)
Francisca Sestri Goestjahjanti (Universitas Insan Pembangunan Indonesia)
Siti Nurlaela (Universitas islam Batik)
Nurul Badriyah (Universitas Islam Lamongan)



Article Info

Publish Date
15 Sep 2023

Abstract

Objective: This study aims to analyze the business performance of MSMEs in the Bahulak Market, Karungan Plupuh, Sragen, from a strategic management perspective.Method: This study used a quantitative approach. The primary data source was obtained by distributing questionnaires to business people and MSME owners in Karungan Village, Plupuh, Sragen. The population that became this study’s target were MSMEs registered in Karungan Village with a total of 74 businesses. The sampling technique applied was simple random sampling. Data analysis employed a structural equation modeling (SEM) approach.Findings: This study successfully concluded that the production strategy, HR strategy, and development research strategy affected business performance. Besides, business actors in the Bahulak Market, Plupuh Sragen, still need assistance from various related parties to further develop the running business.Contribution: This research is crucial to do to encourage Bahulak Market Tourism Village, including the products produced, to be absorbed by the market. This study’s results are expected to provide an evaluation of strategic management practices that have been carried out by business actors who are members of BUMDES Sinar Karungan Mandiri and motivate them to develop according to market demands. The results of this study are also expected to be used as input for various related parties who will assist MSMEs to maximize their business performance.

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Journal Info

Abbrev

jdm

Publisher

Subject

Decision Sciences, Operations Research & Management

Description

Jurnal Dinamika Manajemen [p-ISSN: 2086-0668 | e-ISSN: 2337-5434] issued by the Department of Management, Faculty of Economics, Universitas Negeri Semarang, Indonesia, periodically (every 6 months) in March and September with the aim of disseminating information about the study of knowledge ...