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The Development Strategy of Freshwater Lobster Business as a Coastal Economic Strengthener

In: Proceedings of the 8th International Conference on Accounting, Management, and Economics (ICAME 2023)

Author

Listed:
  • Sanusi Fattah

    (Universitas Hasanuddin)

  • Muhammad Agung Ady Mangilep

    (Universitas Hasanuddin)

  • Nurwahidah Nurwahidah

    (Universitas Hasanuddin)

  • Fitriwati Djam’an

    (Universitas Hasanuddin)

  • Julius Jilbert

    (Universitas Hasanuddin)

  • Daniella Cynthia Sampepajung

    (Universitas Hasanuddin)

Abstract

The cultivation of freshwater lobsters stands out as a promising alternative for fostering economic growth in the southern coastal region of Sulawesi Island. This research endeavors to scrutinize both the internal and external factors influencing the development of freshwater lobsters, aiming to identify key drivers for the growth of this industry. Employing the SWOT analysis method, which systematically evaluates strengths, weaknesses, opportunities, and threats, the study unveils a comprehensive understanding of the freshwater lobster development landscape. Through this analytical lens, eight alternative policies for freshwater lobster development emerge, providing a strategic framework for sustainable growth. Notably, the SWOT analysis underscores the substantial potential of the research location, deeming it well-suited for freshwater lobster cultivation. The findings not only illuminate the viability of freshwater lobster development but also pave the way for informed decision-making and policy formulation, laying the groundwork for leveraging this aquatic resource as a catalyst for economic prosperity in the southern coastal area of Sulawesi Island.

Suggested Citation

  • Sanusi Fattah & Muhammad Agung Ady Mangilep & Nurwahidah Nurwahidah & Fitriwati Djam’an & Julius Jilbert & Daniella Cynthia Sampepajung, 2024. "The Development Strategy of Freshwater Lobster Business as a Coastal Economic Strengthener," Advances in Economics, Business and Management Research, in: Arianto Patunru & Mubariq Ahmad & Mursalim Nohong & Arifuddin Arifuddin & Anas Iswanto Anwar & Rakhm (ed.), Proceedings of the 8th International Conference on Accounting, Management, and Economics (ICAME 2023), pages 903-912, Springer.
    • Handle: RePEc:spr:advbcp:978-94-6463-400-6_69
    DOI: 10.2991/978-94-6463-400-6_69
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