Jurnal Perspektif Pembiayaan dan Pembangunan Daerah
Vol. 14 No. 2 (2026): Jurnal Perspektif Pembiayaan dan Pembangunan Daerah

Strategic development model for priority MSMEs in Jambi City using the VIKOR-STRAS framework

Yuvanda, Sesraria (Unknown)
Rachmad R., Muhammad (Unknown)
Zulfanetty, Zulfanetty (Unknown)
Ihsan, Mohammad (Unknown)
Nurkodri, Moh. Sahroni (Unknown)



Article Info

Publish Date
30 Jun 2026

Abstract

Micro, small, and medium enterprises (MSMEs) play a vital role in the regional economy of Jambi City; however, the identification of priority sectors and the formulation of sector-specific development strategies remain insufficiently addressed. This study aims to identify priority MSME sectors and formulate targeted development strategies to support regional economic development. The study employs the VIĊĦekriterijumsko KOmpromisno Rangiranje (VIKOR) multi-criteria decision-making method to rank MSME sectors based on eight evaluation criteria: business age, owner education, business experience, income, number of employees, business capital, working hours, and promotional media. The research combines secondary data analysis, field surveys, and in-depth interviews, using a purposive sample of 204 MSMEs across eight business sectors. The VIKOR-STRAS framework is subsequently applied to translate the ranking results into sector-specific development strategies. The findings indicate that the creative industry, culinary, and information technology sectors represent the three highest development priorities. Based on the sectoral performance profiles, the proposed strategies emphasize improving access to finance and market opportunities, strengthening product innovation and digital marketing, and enhancing digital infrastructure, technology adoption, and human resource capacity. The principal contribution of this study is the integration of the VIKOR method with the VIKOR-STRAS framework to translate multi-criteria ranking results into practical development strategies systematically. Theoretically, the study extends the application of multi-criteria decision-making by linking compromise-based prioritization with sector-specific strategy formulation. In practice, it provides local policymakers with a structured, evidence-based decision-support framework for designing targeted, sector-sensitive MSME development policies.

Copyrights © 2026






Journal Info

Abbrev

JES

Publisher

Subject

Economics, Econometrics & Finance

Description

Jurnal Perspektif Pembiayaan dan Pembangunan Daerah (The Journal of Perspectives on Financing and Regional Development) is an open-access, peer-reviewed international forum for scientists involved in research to publish high quality and refereed papers. Jurnal Perspektif Pembiayaan focuses on ...