Sustainable Business Strategy Through Product Innovation in VCO Start Businesses

Authors

  • Tri Yulianti M. Londol Faculty of Economics and Business, Tadulako University
  • Sulaiman Miru Faculty of Economics and Business, Tadulako University
  • Asngadi Faculty of Economics and Business, Tadulako University

DOI:

https://doi.org/10.58857/JBESSR.2024.v01.i01.p01

Keywords:

Business strategy, Product innovation, Business Model Canvas

Abstract

This research analyzes VCO Star's sustainable business strategy and product innovation. This research uses a qualitative approach with a SWOT analysis. The research was conducted at the VCO Star company, Central Sulawesi. This research shows that a sustainable business strategy through VCO Star product innovation is in the form of creating new products that will continue to develop. Currently, the VCO Star company has launched a new product in the form of VCO Star Body Wash, which is based on coconut oil, and these VCO Star products will continue to be developed to meet the needs of the people of Palu City. BMC is an effective management tool that positively impacts business growth, brand image, and long-term relationships with consumers and business partners. These steps create a solid foundation for VCO Star to face changing market dynamics and build a sustainable future.

Downloads

Download data is not yet available.

References

Asngadi, Mas’adah, Abady, C., Kaseng, S., Miru, S., & Saleh, H. H. (2020). Phenomenology Study of the Sustainability of Rattan Industry Cluster in Cirebon District, Indonesia. Proceedings of the International Conference on Community Development 2020, 477, 113–117.

Bertels, H. M., Koen, P. A., & Elsum, I. (2015). Business models outside the core lessons learned from success and failure. Research Technology Management, 58(2), 20–29.

Ernawati, D. (2019). Pengaruh Kualitas produk terhadap keputusan konsumen. Jurnal Wawasan Manajemen, 7(1), 17.

Fritscher, B., & Pigneur, Y. (2014). Visualizing business model evolution with the Business Model Canvas: Concept and tool. Proceedings - 16th IEEE Conference on Business Informatics, 1, 151–158.

Hasbullah & Munchtar. (2022). Pengaruh inovasi produk , kualitas produk dan promosi terhadap keputusan pembelian Ms Glow. Jurnal Ekonomi, Keuangan Dan Manajemen, 18(4), 826–831.

Kotler, P., & Armstrong, G. (2014). Principles Of Marketing (12th ed.). Erlangga.

Long, T. B. (2020). Sustainable Business Strategy. Journal Edhec Bussiness School.

Mela, E., & Bintang, D. S. (2021). Virgin Coconut Oil (VCO): Pembuatan, keunggulan, pemasaran dan potensi pemanfaatan pada berbagai produk pangan. Jurnal Penelitian Dan Pengembangan Pertanian, 40(2), 103–110.

Nasir, A. (2019). Pengaruh Inovasi Produk Terhadap Kinerja Pemasaran Industri Mebel Di Kabupaten Pasuruan. Jurnal Ilmu Manajemen Dan Akuntansi, 6(2), 17.

Neuman, W. (2014). Social Research Methods: Qualitative and Quantitative Approaches Seventh Edition. Assex: Pearson Education Limited.

Ramesh, S. V. (2020). Coconut oil as a virucidal agent: Prospects and challenges in COVID-19. Authorea Preprints.

Rather, R. A. (2019). Consequences of Consumer Engagement in Service Marketing: An Empirical Exploration. Journal of Global Marketing, 32(2), 116–135.

Sjioen, A. E., Amaludin, Rukmana, A. Y., Syamsulbahri, & Wahyudi, I. (2023). Bisnis Berkelanjutan dan Tanggung Jawab Sosial Perusahaan: Studi tentang Dampak dan Strategi Implementasi. Jurnal Bisnis Dan Manajemen West Science, 2(03), 239–248.

Sparviero, S. (2019). The Case for a Socially Oriented Business Model Canvas: The Social Enterprise Model Canvas. Journal of Social Entrepreneurship, 10(2), 232–251.

Sugiyono. (2018). Metode Penelitian Kuantitatif, Kualitatif, dan R&D. Bandung : Alfabeta.

Wulandary, A., R, F., & Hartina, H. (2021). Profil Bisnis Startup Virgin Coconut Oil Memanfaatkan Business Model Canvas (Bmc). Jurnal AGRISEP: Kajian Masalah Sosial Ekonomi Pertanian Dan Agribisnis, 20(01), 179–194.

Zhang, J., & Duan, Y. (2010). Empirical study on the impact of market orientation and innovation orientation on new product performance of Chinese manufacturers. In Nankai Business Review International,1(2), 214–231).

Downloads

Published

2024-01-05

How to Cite

Londol, T. Y. M. ., Miru, S., & Asngadi. (2024). Sustainable Business Strategy Through Product Innovation in VCO Start Businesses. Journal of Business, Economics, and Social Science Review, 1(1), 1–9. https://doi.org/10.58857/JBESSR.2024.v01.i01.p01

Issue

Section

Articles