Abstract
Micro and small enterprises (MSEs) play a vital role in the sustainability of regional economic development. The fisheries and agriculture sectors are the two leading sectors in North Halmahera Regency, contributing around 23% of the region's Gross Regional Domestic Product (GRDP). The purpose of this study is to identify external and internal factors that influence the development of fisheries MSEs and to formulate a strategy for developing MSEs in the fisheries sector. The data was collected using interviews with 30 respondents and focus group discussions. The analysis used external factor analysis (EFAS), internal factor analysis (IFAS), and SWOT analysis to formulate a strategy for developing MSEs' players. The results of the interviews show fisheries MSEs face challenges such as lack of infrastructure, limited capital, and limited competence in the fishery process. According to the IFAS results, the fisheries MSEs in North Maluku have a more significant weakness score than the strengths indicated by the score -0.49. Based on EFAS results, the fisheries MSEs in North Maluku have more significant opportunities than threats. The SWOT analysis indicates the MSEs in the fisheries sector in North Halmahera are in quadrant II, which supports a potential development strategy, including market development, market penetration, product development, and horizontal integration. Keywords: Micro and small business, fishery, Strategy development, SWOT, EFAS, IFAS
Highlights
Micro and small enterprises (MSEs) have a significant contribution and play an essential role in the Indonesian economy
The analysis used external factor analysis (EFAS), internal factor analysis (IFAS), and SWOT analysis to formulate a strategy for developing MSEs' players
The SWOT analysis indicates the MSEs in the fisheries sector in North Halmahera are in quadrant II, which supports a potential development strategy, including market development, market penetration, product development, and horizontal integration
Summary
Micro and small enterprises (MSEs) have a significant contribution and play an essential role in the Indonesian economy. The role of MSEs is quite dominant in the Indonesian economy with a large number and spreads in every economic sector, and has a considerable contribution to employment and the formation of Gross Domestic Product (Sarfiah et al 2019). The law classifies MSMEs into different business scales based on the number of assets and income they have. Another source, from the Central Bureau of Statistics, classifies MSMEs based on their number, ranging from small businesses ranging from 1-4 workers to large businesses with more than 100 workers
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