Proceedings of 6th FIRST T3 2022 International Conference (FIRST-SS 2022)

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SWOT Analysis as a Basis for Identifying Risks to the Going Concern of the “Waring Jaya” Palembang Catfish Farm

Authors
Muhammad Husni Mubarok1, *, Maria Maria1, Indra Satriawan1, Eka Jumarni Fithri1
1Accounting Departement, Sriwijaya State Polytechnic, Palembang, Indonesia
*Corresponding author. Email: mhusnimubarok@polsri.ac.id
Corresponding Author
Muhammad Husni Mubarok
Available Online 31 July 2023.
DOI
10.2991/978-2-38476-026-8_11How to use a DOI?
Keywords
SWOT Analysis; Risk; Going Concern
Abstract

This study aims to identify risks using the SWOT analysis technique. This technique provides information about the potential strengths, weaknesses, opportunities and threats in the “Waring Jaya” catfish farm in the Ilir Barat I sub-district of Palembang. This research was conducted in June 2022 in the “Waring Jaya” business group which has 10 members. Data was collected through observation and interviews with group members as the informan. Furthermore, the data was compiled and analyzed using the SWOT analysis technique. Based on the results of the research, information was obtained that the strength aspect value was 3.6, the business weakness aspect value was 3.9, the business opportunity analysis aspect value was 3.6 and the business threat aspect value was 3.6. This shows that the Waring Jaya Business has potential strengths that are slightly smaller than weaknesses and opportunities that are greater than threats. Furthermore, according to the results of the business quadrant calculation, information is obtained that the x-axis value is -0.3 and the y-axis is 0.9, so it can be concluded that the Waring Jaya Business is in quadrant III. From the results of the SWOT analysis, a number of strategic issues were identified that could threaten the sustainability of the business in the future. These issues are limited business capital, regeneration of human resources in the livestock business, increasingly expensive PUR seed and feed prices which have the potential to pose a risk to business continuity in the future.

Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of 6th FIRST T3 2022 International Conference (FIRST-SS 2022)
Series
Advances in Social Science, Education and Humanities Research
Publication Date
31 July 2023
ISBN
978-2-38476-026-8
ISSN
2352-5398
DOI
10.2991/978-2-38476-026-8_11How to use a DOI?
Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Muhammad Husni Mubarok
AU  - Maria Maria
AU  - Indra Satriawan
AU  - Eka Jumarni Fithri
PY  - 2023
DA  - 2023/07/31
TI  - SWOT Analysis as a Basis for Identifying Risks to the Going Concern of the “Waring Jaya” Palembang Catfish Farm
BT  - Proceedings of 6th FIRST T3 2022 International Conference (FIRST-SS 2022)
PB  - Atlantis Press
SP  - 85
EP  - 93
SN  - 2352-5398
UR  - https://doi.org/10.2991/978-2-38476-026-8_11
DO  - 10.2991/978-2-38476-026-8_11
ID  - Mubarok2023
ER  -