The Effect of Work Creation Law on the Five Forces of Competition Related to the Formulation of Competitive Strategies According to Michael E. Porter

DOI

10.2991/aebmr.k.220701.090How to use a DOI?

Keywords

Job Creation; Competition; Industry; Strategy

Abstract

The Law on Job Creation is an Omnibus Law that has been ratified by the House of Representatives of the Republic of Indonesia. This is closely related to the interests of workers and employers. After the reform era, there was a change in the issues faced by the workers because they had to deal with the market intervention that was getting stronger due to neoliberalism. By using any point of view, the purpose of the entrepreneur (company) in running his business is to make a profit by winning the competition. To understand the forces that exist and become part of the competition in the industry, it can be done by using the five forces that affect industry competition as proposed by Michael E. Porter. This research is descriptive-analytical research describing research data. The research data was qualitative using secondary data. The results of this study were; The Omnibus Law on Job Creation can affect competition in the industry through competition among companies and can be used by companies to select generic competitive strategies, according to Michael E. Porter. This was caused by the Omnibus Law on Job Creation that was created to help provide certainty and convenience to entrepreneurs in running their business.

Copyright

© 2022 The Authors. Published by Atlantis Press International B.V.

Open Access

This is an open access article distributed under the CC BY-NC 4.0 license.

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TY  - CONF
AU  - Nugraha Pranadita
AU  - Agus Rahayu
AU  - Lili Adi Wibowo
PY  - 2022
DA  - 2022/07/12
TI  - The Effect of Work Creation Law on the Five Forces of Competition Related to the Formulation of Competitive Strategies According to Michael E. Porter
BT  - Proceedings of the 6th Global Conference on Business, Management, and Entrepreneurship (GCBME 2021)
PB  - Atlantis Press
SP  - 491
EP  - 496
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.220701.090
DO  - 10.2991/aebmr.k.220701.090
ID  - Pranadita2022
ER  -