Ardi, Kho and Jacob, Donald Tan and Michael, Prayogo Nugroho and Stefani, Mutiara Kornelius and Sonnia, Prayoga and Stephen, Adi (2023) The competitive advantage of Sido Muncul: Using pestle, porter’s five forces, and SWOT matrix analysis. Milestone: Journal of Strategic Management, 3 (1): 4. pp. 41-50. ISSN 2775-3565
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Abstract
Sido Muncul is a company engaged in herbal medicine, pharmaceutical, traditional medicine, health food and beverage, cosmetics, and herbal processing. It is continuously innovating its products and keeping an eye on market needs. Sido Muncul gains a place in the hearts of consumers and is one of its business strategies. In addition, Sido Muncul is also expanding into foreign markets to market and sell its products. This study uses the description of PESTLE analysis, Porter 5 Forces, and SWOT Matrix because it experiences significant challenges from competitors, regulations, the economy, internal companies, and changes in consumer behavior. Based on the PESTLE, Porter 5 Forces, and SWOT Matrix analysis, Sido appears to have strength in market growth and has unique products and competencies to survive in competition, gain profits and continue improving efficiency and product innovation. The company needs to improve: the younger generation does not use herbal products for health.
Item Type: | Article |
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Uncontrolled Keywords: | Sido Muncul, PESTLE, Porter’s five forces, SWOT matrix, SWOT analysis |
Subjects: | Economics and Business > Domestic Commerce, Marketing, & Economics Economics and Business > Consumer Affairs |
Depositing User: | Djaenudin djae Mohamad |
Date Deposited: | 17 Feb 2024 09:51 |
Last Modified: | 17 Feb 2024 09:51 |
URI: | https://karya.brin.go.id/id/eprint/32753 |