The relationship between the concept of competitive advantage and the value of Catur Paramitha on SMEs in Sarbagita

Abstract

Purpose

This study aimed to determine the relationship between the concept of competitive advantage and the value of Catur Paramitha on small and medium enterprises (SMEs) in Sarbagita.

Design/methodology/approach

The design of this research used a qualitative approach based on the grounded theory with explorative and phenomenological approaches.

Findings

The relationship of the concept of competitive advantage orientation and the value of Catur Paramitha on SMEs in Sarbagita forms the characters SMEs’ business actors, namely, first, fair competition without hurting or harming others can be avoided. Second, the emergence of business cooperation with various business characters can form a wise entrepreneurial spirit. Third, making the entrepreneur more professional in managing the business. Fourth, forming a happy attitude to help others, making cooperation.

Research limitations/implications

The integration of applied values of local wisdom on the concept of competitive advantage orientation in building business in SME sector in Bali as a guideline for managers and lead the business.

Originality/value

The originality of this research was conceptually, building the concept of competitive advantage with local wisdom in developed countries has done by many. However, the local wisdom in developed countries is very different from the local wisdom in Indonesia, especially in Bali. Not all the main characteristics of the basic concept of cultural values in developed countries are applicable and in accordance with local conditions and cultures in the context of country. In addition, the concept of competitive advantage in developed countries is often assumed to operate in a stable and predictable business environment.

Citation

Rahyuda, I.K., Rahyuda, A.G., Rahyuda, H. and Candradewi, M.R. (2018), "The relationship between the concept of competitive advantage and the value of Catur Paramitha on SMEs in Sarbagita", International Journal of Law and Management, Vol. 60 No. 6, pp. 1522-1538. https://doi.org/10.1108/IJLMA-09-2017-0210