West Science Journal Economic and Entrepreneurship
Vol. 1 No. 11 (2023): West Science Journal Economic and Entrepreneurship

MSME Empowerment Strategy: A Literature Review

Dunggio, Titin (Unknown)
Basri, Abjul (Unknown)



Article Info

Publish Date
30 Nov 2023

Abstract

By creating jobs and improving people's welfare, micro, small and medium enterprises (MSMEs) play a significant role in economic development. Limited capital, lack of innovation, traditional marketing, inefficient financial management, poor branding, and lack of utilization of online marketing due to not understanding technology are some of the challenges often faced by MSMEs. The purpose of this study is to help small and medium enterprises (MSMEs) compete in the market. This study used literature research. In this situation, an aggressive growth-oriented strategy is suggested. Combining digital marketing elements such as content marketing, blogs, search engine optimization (SEO), social media marketing, and branding with community empowerment through training, demonstrations, and mentoring is one relevant alternative strategy.

Copyrights © 2023






Journal Info

Abbrev

wsee

Publisher

Subject

Economics, Econometrics & Finance

Description

Journal of Economics and Entrepreneurship published since 2023 by Westscience Press. Editors receive scientific articles from research results, surveys, and literature reviews closely related to the Economics and Entrepreneurship sectors. WSJEE is a peer-reviewed and open-access scientific magazine. ...