IDEAS home Printed from https://ideas.repec.org/a/bjf/journl/v8y2023i12p214-229.html
   My bibliography  Save this article

Marketing Strategy of Red Brick Manufacturers in Facing Great Competition from Alternative Products: Resource-Based View (RBV) Approach

Author

Listed:
  • Abdul Razak Noval

    (Master of Management Program, Faculty of Economics and Business, Syiah Kuala University)

  • Muhammad Adam

    (Master of Management Program, Faculty of Economics and Business, Syiah Kuala University)

  • Syafruddin Chan

    (Master of Management Program, Faculty of Economics and Business, Syiah Kuala University)

Abstract

This research investigates the challenges faced by the red brick industry, with a focus on competition from alternatives such as Hebel. Using the Resource-Based View (RBV) approach, this analysis analyzes marketing strategy, the impact of internal resources, and responses to market demand. This research aims to examine the competitive advantage of each brick factory that is the respondent in this research, identify competitive advantages and the influence of internal resources, and provide marketing strategy recommendations. The research approach used is qualitative, with a purposive sampling technique. Data collection methods used Focus Group Discussions and In-depth Interviews. Data analysis using SWOT and RBV-VRIO. The results of the SWOT analysis related to the M. Yunus brick company require internal improvements. Meanwhile, Tajir Assawani must overcome external challenges and utilize internal strengths. Zulfadhli has an advantageous position so it requires an aggressive strategy with product innovation. The results of the RBV and VRIO analysis of the brick companies M. Yunus and Tajir Assawani, these two companies have a temporary competitive advantage with a focus on creating the inimitability component. Meanwhile, Zulfadhli has an unused competitive advantage, with a focus on improving organizational aspects for factors VR and I in VRIO

Suggested Citation

  • Abdul Razak Noval & Muhammad Adam & Syafruddin Chan, 2023. "Marketing Strategy of Red Brick Manufacturers in Facing Great Competition from Alternative Products: Resource-Based View (RBV) Approach," International Journal of Research and Innovation in Applied Science, International Journal of Research and Innovation in Applied Science (IJRIAS), vol. 8(12), pages 214-229, December.
  • Handle: RePEc:bjf:journl:v:8:y:2023:i:12:p:214-229
    as

    Download full text from publisher

    File URL: https://www.rsisinternational.org/journals/ijrias/digital-library/volume-8-issue-12/214-229.pdf
    Download Restriction: no

    File URL: https://rsisinternational.org/journals/ijrias/articles/marketing-strategy-of-red-brick-manufacturers-in-facing-great-competition-from-alternative-products-resource-based-view-rbv-approach/
    Download Restriction: no
    ---><---

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bjf:journl:v:8:y:2023:i:12:p:214-229. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Dr. Renu Malsaria (email available below). General contact details of provider: https://www.rsisinternational.org/journals/ijrias/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.