International Journal of Applied Business and International Management
Vol 8, No 3 (2023): December 2023

Enhancing Competitiveness in Indonesia's Furniture Craft Industry: A Five Porter Analysis

Sri Herliana (Institut Teknologi Bandung)
Qorri Aina (Institut Teknologi Bandung)
Umi Zuraida (Unknown)
Syifaya Qorina (Unknown)
Nur Lawiyah (Unknown)



Article Info

Publish Date
20 Dec 2023

Abstract

Indonesia's craft industry, encompassing traditional crafts such as batik printing, weaving, and furniture, plays a vital role in the nation's cultural identity. Micro, Small, and Medium-sized Enterprises (MSMEs) are key players, propelling the growth of creative cities. Among them, the furniture industry is prominent, despite a minor dip in 2022 exports. Notably, the United States accounts for 58.5% of Indonesian furniture exports and is the main export destination. This study employs the Five Porter Analysis to explore external factors influencing the furniture craft sector. The findings emphasize the importance of ensuring a stable supply of raw materials, aligning products with international preferences, promoting sustainable resource management, fostering innovation, and navigating international trade regulations. Government support is pivotal. The results demonstrate the need for a comprehensive strategy to sustain competitiveness. It calls for capacity building, market research, and global collaboration to strengthen Indonesia's position in the international market. This research offers valuable insights for policymakers, industry stakeholders, and MSMEs to enhance Indonesia's furniture craft industry's competitiveness while preserving its rich cultural heritage.

Copyrights © 2023






Journal Info

Abbrev

IJABIM

Publisher

Subject

Humanities Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Education Social Sciences

Description

The International Journal of Applied Business and International Management (IJABIM) is a peer-reviewed journal that provides a platform for scholars, professionals, and policymakers to share pioneering research in international business, management, and economics. Published quarterly, the journal ...