Journal La Bisecoman
Vol. 7 No. 5 (2026): Journal La Bisecoman

The Potential of Local Wisdom Based MSMEs in Improving the Economy

Muhammad Farras Nasrida (Department of Development Economics, Faculty of Economics and Business, Palangka Raya University, Indonesia)
Suherman Suherman (Department of Development Economics, Faculty of Economics and Business, Palangka Raya University, Indonesia)
Abdul Halim (Department of Development Economics, Faculty of Economics and Business, Palangka Raya University, Indonesia)
Sabirin Sabirin (Department of Development Economics, Faculty of Economics and Business, Palangka Raya University, Indonesia)



Article Info

Publish Date
25 Aug 2026

Abstract

This study analyzes the strategic potential of local wisdom based Micro, Small, and Medium Enterprises (MSMEs) in Palangka Raya City. This economic pillar accounts for 23.4% of the Gross Regional Domestic Product (Palangka Raya City Government, 2022). Despite having unique Dayak cultural assets, the synergy between the MSME economy and cultural assets has not been optimal due to operational challenges. This study fills this gap by mapping the potential and formulating development strategies. Using a descriptive analytical qualitative approach, data were collected through indepth interviews, observations, and documentation studies, and then analyzed thematically. The objectives to (1) map local wisdom SME products, (2) analyze business models and challenges, and (3) formulate a strategic model have been achieved. The results show great potential in Rattan Weaving and Speckled Thread Batik, but are constrained by traditional business models and the "authenticity commercialization paradox." A holistic development strategy model was formulated, focusing on capacity building, access to capital, digital transformation, and institutional strengthening.

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Journal Info

Abbrev

JournalLaBisecoman

Publisher

Subject

Economics, Econometrics & Finance

Description

Journal La Bisecoman ISSN 2721-124X (Online) and 2721-0987 (Print) includes all the areas of research activities in all fields under Business, Economics, and Management such as Financial Management, Accounting, Administrative System, Brand Innovation and Brand Management, Management, Business ...