A product innovation approach that can have a positive impact on both the environment and consumers is biotechnology. Seaweed, a material obtained from the sea, offers a lot of potential. Future prospects for several industries include the use of seaweed product innovation employing a biotechnology method. This research is based on business issues and how to maximize existing potential. This research aims to study the performance of the corporate strategy and the development of product innovation in a biotechnology-based company, namely Ocean Fresh CV. Data collection was carried out by means of semi-structured interviews with the directors of the company and analyzed by evaluating internal factors and discussing using the Balanced Scorecard approach. This study shows that the Company’s Strategy and Product Innovation carried out at Ocean Fresh CV have positively impacted business growth so far. The results of this analysis will be made in the form of a Matrix Scenario Planning to be able to provide business solutions that can be implemented by companies for future business growth.

Biotechnology is a developmental process of product innovation that can provide many benefits to the environment and consumers. One resource that has great potential is derived from the sea, namely seaweed. Utilization of Seaweed product innovation using a biotechnology approach can be a new prospect for various industries in the future. This study aims to see what strategies can be carried out for business actors in this industry to increase their business growth. The method used in this study was to survey respondents using convenience sampling and analyzed descriptively. The data obtained in this study is regarding consumer demographics, awareness from consumers and also perceptions regarding the importance and how the innovation strategy should be carried out for seaweed biotechnology products. The results obtained show that the level of knowledge of respondents regarding the innovation of seaweed biotechnology products is still low, but there is confidence from respondents regarding the potential benefits of this product innovation in the future. It can be concluded in this research that product innovation must continue to be improved by being oriented towards consumer needs and must also be accompanied by a good marketing strategy, especially in increasing digitalization which can make it easier to reach target buyers.

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