International Journal of Economics, Business and Innovation Research
Vol. 3 No. 06 (2024): International Journal of Economics, Business and Innovation Research (IJEBIR)

Business Strategy Analysis Using SWOT And QSPM: A Case Study of Naz Cake and Cookies Bandar Lampung

Duta, Trio Arya (Unknown)
Sari, Aida (Unknown)
Ambarwati, Dwi Asri Siti (Unknown)



Article Info

Publish Date
03 Oct 2024

Abstract

This research aims to evaluate the business strategy of Naz Cake & Cookies using the SWOT and QSPM methods. To address increasing competition, effective business strategies are necessary for the company to sustain and grow. The SWOT method is employed to identify the internal and external factors affecting the company. After identifying the SWOT factors, the QSPM method is applied to evaluate and select the most appropriate alternative strategies based on the identified factors. The analysis results suggest that the most effective strategy to implement is increasing production volume to maintain customer trust. Additionally, strategies such as offering discounts near closing time are also considered important to support the company's growth. Recommendations include increasing production, optimizing the use of digital marketing, and reorganizing product layout to enhance visual appeal and customer experience. With these strategies, Naz Cake & Cookies is expected to maintain and improve its competitiveness in the market.

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Journal Info

Abbrev

IJEBIR

Publisher

Subject

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

Description

International Journal of Economics, Business and Innovation Research (IJEBIR) is a high quality open access peer reviewed research journal. providing a platform for the researchers, academicians, professional, practitioners and students to impart and share knowledge in the form of high quality ...