International Journal of Economy, Education and Entrepreneurship (IJE3)
Vol. 4 No. 2 (2024): International Journal of Economy, Education and Entrepreneurship

DETERMINING THE MARKETING STRATEGY OF LOKALATE USING SWOT ANALYSIS METHOD

Jocom, Alexander Abieza Pinem (Unknown)
Frianto, Agus (Unknown)



Article Info

Publish Date
30 Aug 2024

Abstract

This research aims to determine what marketing strategy can be applied at Lokalate brand using SWOT analysis. This research uses a descriptive methodology by looking at the historical data from 2022. Data collection is acquired from secondary data and observation conducted on the brand environment. The data collected was then analyzed using the IFAS, EFAS, and the SWOT matrix. The result showed that the IFAS matrix obtained a strength value of 1,625 and a weakness value of 0,875. Indicates that the Lokalate brand utilizes more Strength rather than the weakness value. The EFAS matrix obtained an opportunity value of 1,5 and a threat value of 0,875, which indicates that the Lokalate brand occupies more significant opportunities than threats. Based on the SWOT analysis quadrant, Lokalate is in the first quadrant. Is the appropriate strategy for Lokalate to utilize its Strength and take advantage of any existing opportunities

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Journal Info

Abbrev

home

Publisher

Subject

Economics, Econometrics & Finance Education Other

Description

International Journal of Economy, Education and Entrepreneurship (IJE3) is a peer-refereed open-access international journal which has been established for the dissemination of state-of-the-art knowledge in the field of Economy and Education. Starting from 2021, IJE3 would be published Three times ...