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Model for Development of a Business Strategy for Renewable Energy Technology Services

Author

Listed:
  • Noor Sembiring

    (Department of Economics, Tama Jagakarsa University, Jakarta, Indonesia,)

  • Nandan Lima Krisna

    (Department of Economics and Business, University of Persada Indonesia Y.A.I, Jakarta, Indonesia.)

Abstract

The purpose of this study is to formulate a model of the current business position of technology services in the field of renewable energy. The method used in this study is a research method with a qualitative approach, through descriptive analysis. To find information on internal resources for technology business services in the field of renewable energy and obtain organizational response to external environmental conditions, focus group discussions were held with key people in the field of renewable energy at The Agency for the Assessment and Application of Technology (BPPT). Based on the results of the analysis, it was found that the development of the business strategy already being carried out was by (1) responding to the economic conditions of Indonesia. (2) Development of technology, (3) Incorporation of Natural resources, (4) Community / user involvement, (5) Available Products and services and (6) Avaiability of Financial Resources owned or initiated by the BPPT in the Renewable Energy field. Our research found that other factors that need to be considered and even to be prioritized include (1) Policy, (2) Socio-cultural conditions, (3) Suppliers, (4) Company business partners, (5) Product development and marketing program preparation, (6) Production and operation capabilities.

Suggested Citation

  • Noor Sembiring & Nandan Lima Krisna, 2019. "Model for Development of a Business Strategy for Renewable Energy Technology Services," International Journal of Energy Economics and Policy, Econjournals, vol. 9(6), pages 65-70.
    • Handle: RePEc:eco:journ2:2019-06-8
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    References listed on IDEAS

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    1. Indupurnahayu & Edhie Budi Setiawan & Lira Agusinta & Ryan Firdiansyah Suryawan & Prasadja Ricardianto & Mustika Sari & Sri Mulyono & Reza Fauzi Jaya Sakti, 2021. "Changes in Demand and Supply of the Crude Oil Market During the COVID-19 Pandemic and its Effects on the Natural Gas Market," International Journal of Energy Economics and Policy, Econjournals, vol. 11(3), pages 1-6.

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    More about this item

    Keywords

    Internal Resources; External Environment; Market Needs; Renewable Energy;
    All these keywords.

    JEL classification:

    • M21 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics - - - Business Economics
    • Q42 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Alternative Energy Sources
    • Q48 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Government Policy
    • Q55 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environmental Economics: Technological Innovation
    • Q56 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth

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