Jurnal Kewirausahaan dan Inovasi
Vol. 4 No. 4 (2025)

Formulation of Business Development Strategies to Achieve Competitive Advantage

Khanza, Adillah Dhianida (Unknown)
Fakhri, Erie Awalil (Unknown)



Article Info

Publish Date
11 Nov 2025

Abstract

The rapid growth of the creative industry in Indonesia highlights the urgent need for busi-ness development strategies that can help small and medium enterprises remain competi-tive and sustainable. This qualitative study focuses on business development planning for Candyco Handmade Crochet. It identifies three main challenges faced by Candyco: lim-ited marketing strategies, production management causing stock imbalances, and signifi-cant competition from similar businesses offering diverse products at competitive prices. The research analyzes data to propose a comprehensive market development strategy emphasizing innovative marketing through live shopping, efficient production manage-ment, and better brand differentiation. The findings reveal that the strategies increase the opportunities for Candyco to expand market reach, achieve revenue targets, and improve competitiveness in the handmade crochet sector. This study is expected to contribute to business development planning in the creative industry and provide effective standard operating procedures (SOP) for Candyco’s operational activities. Moreover, the results can serve as a practical reference for other creative SMEs seeking to strengthen market posi-tioning and achieve sustainable growth.

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Journal Info

Abbrev

jki

Publisher

Subject

Decision Sciences, Operations Research & Management Environmental Science Social Sciences

Description

Publish all forms of quantitative and qualitative research articles and other scientific studies related to the field of Entrepreneurship Management and ...