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

Formulation of Business Development Strategies to Achieve Competitive Advantage

Muhammad Yogi Alfian (Unknown)
Arif, Moh. Erfan (Unknown)



Article Info

Publish Date
11 Nov 2025

Abstract

Purpose – This study aims to analyze the internal and external factors affecting Toko Sayur Lesmana, a greengrocery business in Pare Central Market, to formulate an appropriate business strategy for improving market stability and addressing declining revenue. Design/Methodology/Approach – This study employs a qualitative approach. Primary data were collected through interviews and observations, while secondary data were obtained from books, journals, and websites. The data were analyzed using strategic management tools, including the Internal Factor Evaluation (IFE) Matrix, External Factor Evaluation (EFE) Matrix, SWOT Matrix, Internal-External (IE) Matrix, and Quantitative Strategic Planning Matrix (QSPM). Findings – The results indicate that the appropriate strategy for Toko Sayur Lesmana is market penetration, with a Total Attractiveness Score (TAS) of 5.23. This strategy is recommended to strengthen the business position, increase competitiveness, and improve revenue performance in the horticulture market. Originality/Value This study provides value by integrating various strategic analysis tools to identify the most appropriate growth strategies for traditional vegetable shops, offering a structured decision-making model that can be applied by similar horticulture-based MSMEs.

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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 ...