Journal of Contemporary Administration and Management (ADMAN)
Vol 2 No 1 (2024): April 2024

Product Development Strategy Based on Local Wisdom to Strengthen the Identity of SMEs during Ramadan

Titin (Universitas Islam Lamongan)
Nurus Safa'atillah (Universitas Islam Lamongan)
Moh. Muklis Sulaeman (Universitas Islam Lamongan)
Puguh Cahyono (Universitas Islam Lamongan)



Article Info

Publish Date
15 Apr 2024

Abstract

Ramadan is a crucial period for SMEs. During this month, consumer demand for Ramadan-specific products significantly increases. The objective of this research is to develop concrete strategies that can assist SMEs in leveraging local wisdom to produce products that reinforce their identity and enhance competitiveness in the market, particularly during Ramadan. This research method involves a literature review with a qualitative approach, focusing on descriptive analysis. Data for this study were extracted from scholarly articles published between 2001 and 2024, accessible through Google Scholar. The study findings indicate that product development strategies based on local wisdom to strengthen the identity of SMEs during Ramadan demonstrate significant value in supporting SME growth and preserving local cultural heritage. By harnessing the uniqueness of Ramadan culture and traditions, SMEs can create products that not only meet market needs but also reinforce local identity. A holistic approach involving deep understanding of cultural values, careful market analysis, cross-sector collaboration, and continuous evaluation are key to the success of this strategy.

Copyrights © 2024






Journal Info

Abbrev

adman

Publisher

Subject

Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Education Social Sciences

Description

Journal of Contemporary Administration and Management (ADMAN) is a scientific journal that focuses on the publication of articles related to the development of the theory and practice of administration and management in a contemporary context. The journal contains articles that cover a wide range of ...