Analisis strategi pengembangan bisnis peusahaan kontraktor (studi kasus: PT Tri manunggal karya)

Increasing competition in Indonesia's construction business forces PT Tri Manunggal Karya (PT TMK) to innovate to survive in the construction industry. One way is by having a competitive strategy for its business development. As a holding company, a proper strategy is highly required by PT TMK to open up market opportunities for the company and to avoid the risk of business failure and financial losses. This study aims to analyze internal and external factors and analyze the priority strategies for PT TMK development. The analysis methods used were Internal Factor Evaluation (IFE) Analysis, External Factor Evaluation (EFE) Analysis, Strength, Weakness, Opportunity, and Threats (SWOT) Analysis, and Analytical Hierarchy Process (AHP) Analysis. The result shows that the external condition of PT TMK is in a medium position in responding to opportunities and threats. Its internal figures are in a strong stand in utilizing strengths and overcoming its weaknesses, and therefore suggest build and grow strategy, which later on becomes intensive strategy. Opportunity in the company's industry can be concluded because infrastructure development remains as a focus for both national and local government. The threats are post-pandemic conditions and local pride and closeness in bidding process. The result of the Analytical Hierarchy Process (AHP) shows the strategy of acquiring new business units is considered as the main priorities, followed by expansion out of Java Island