Competitive Position of the Most Admired Companies 2018 in Consumer Goods Category
Friska Sipayung1, Liasta Ginting2, Magdalena Linda Leonita Sibarani3
1Friska Sipayung, Faculty of Economics and Business, Universitas Sumatera Utara, Medan, Indonesia.
2Liasta Ginting, Faculty of Economics and Business, Universitas Sumatera Utara, Medan, Indonesia.
3Magdalena Linda Leonita Sibarani, Faculty of Economics and Business, Universitas Sumatera Utara, Medan, Indonesia.
Manuscript received on 17 October 2019 | Revised Manuscript received on 23 October 2019 | Manuscript Published on 02 November 2019 | PP: 524-534 | Volume-8 Issue-2S9 September 2019 | Retrieval Number: B11130982S919/2019©BEIESP | DOI: 10.35940/ijrte.B1113.0982S919
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© The Authors. Blue Eyes Intelligence Engineering and Sciences Publication (BEIESP). This is an open access article under the CC-BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/)
Abstract: The Warta Economic Intelligence Unit (WEIU) conducts research in 2018.The research team uses the desk research and quantitative research methods. This research produces the names of companies with the highest awareness and the best image based on the perceptions of respondents as the desired company. Referring to (1) the opinion of David (2016:11), obtaining and maintaining competitive advantage is very important for the long-term success of the organization. (2)Solihin’s opinion (2012:25) through strategic decisions made by company management, it will ensure the maintenance of the company’s competitive advantage, so the researchers suspect that the success of the Consumer Goods companies in Indonesia Most Admired Companies (IMAC-2018) is due to the right strategy decisions. Regarding IMAC-2018 Consumer Goods Category, this study aims to identify and analyze competitive positions based on financial performance in the Consumer Goods industry, 2)formulate strategies that can be carried out to improve competitive positions in the Consumer Goods industry. To achieve this goal, the research approach used is a combination of qualitative and quantitative approaches with a strategic management design model. The data used in this study are secondary data, namely the financial statements of consumer goodscompany in 2016, 2017 and 2018. This research was conducted in the Top Five Indonesia Most Admired Companies 2018 in Consumer Goods Category, namely PT Garuda Food, PT GudangGaram, PT Nestlé Indonesia, PT Indofood and PT Unilever Indonesia.The results show that 1)the financial performance of PT Unilever Indonesia, shows the best position compared to the others. 2)the strategies chosen based on competitive conditions are aggressive and defensive strategies.
Keywords: Company Strategy, Competitive Position, Financial Performance.
Scope of the Article: Industrial, Financial and Scientific Applications of All Kind