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Analysis of Enhancing Marketing Performance in MSMEs Through Strategies to Boost Local Value-Creation and Competitiveness

In: Proceedings of the 8th Global Conference on Business, Management, and Entrepreneurship (GCBME 2023)

Author

Listed:
  • Hartelina

    (Universitas Singaperbangsa)

  • Reminta Lumban Batu

    (Universitas Singaperbangsa)

  • Nanda Puspitasari

    (Universitas Singaperbangsa)

  • Ayuk Hidayanti

    (Universitas Singaperbangsa)

Abstract

The implementation of value creation strategies in Small and Medium Enterprises (SMEs) within Karawang Regency is a key approach for enhancing their competitiveness. The greater the emphasis on value creation in the operational activities of SMEs, the higher their level of competitiveness. This, in turn, contributes to improved marketing performance for SMEs. The primary research question addressed in this study pertains to the extent of value creation’s impact on the competitiveness of SMEs. The objective of this research is to thoroughly analyze data and information concerning the implementation of value creation strategies and the competitive landscape among SMEs in Karawang Regency. This study employs a descriptive-verification approach, utilizing explanatory surveys and cross-sectional methods to gather primary data via questionnaires. Data analysis for this research was carried out using SPSS Statistics 25. The findings of the study indicate a statistically significant relationship between the creation of local value and competitiveness, with a 2.4% influence of local value on competitiveness. The remaining 97.6% of the factors affecting competitiveness are attributable to other unexamined variables.

Suggested Citation

  • Hartelina & Reminta Lumban Batu & Nanda Puspitasari & Ayuk Hidayanti, 2024. "Analysis of Enhancing Marketing Performance in MSMEs Through Strategies to Boost Local Value-Creation and Competitiveness," Advances in Economics, Business and Management Research, in: Ratih Hurriyati & Lili Adi Wibowo & Sulastri Sulastri & Lisnawati Lisnawati (ed.), Proceedings of the 8th Global Conference on Business, Management, and Entrepreneurship (GCBME 2023), pages 489-495, Springer.
  • Handle: RePEc:spr:advbcp:978-94-6463-443-3_63
    DOI: 10.2991/978-94-6463-443-3_63
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