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Ariful Islam (2013-3-5-020) Your Designation: Asst. Merchandiser-Product Development Your Official Contact No: 01716058725 Attention The information those you will supply never be disclosed in this form or in any form which can identify the informer.Request: be very candid to answer the question.
1. What are the internalstrengths(factors such as: products, pricing, costs, profitability,
performance, quality, people, skills, adaptability, brands, services, reputation, processes, infrastructure, etc. plus product, process, customer, distribution, finance, administration.)of
garment industry of Bangladesh?Consider all factories of Bangladesh. Example: low cost available labor force. List 10 other strengths of the industry: 1. Strong Brand Name and popular top-of-the-mind brand. 2.Offering Good Quality Products. 3.Having large and diversified segments that provide wide variety of products. 4.Cost Leadership Strategy. 5. Excellent sales staff with strong knowledge of existing products. 6.Good Relationships with Customers. 7.Good Internal Communications. 8.Successfull Marketing Strategies. 9.Reputation for Innovation. 10.Current Profit Ratio Increased.
2. What are the internal weaknesses (factors such as: products, pricing, costs,
profitability, performance, quality, people, skills, adaptability, brands, services, reputation, processes, infrastructure, etc.plus product, process, customer, distribution, finance, administration.)of garment industry of Bangladesh?Consider all factories of
Bangladesh. Example: Lack of skilled labor force. List 10 other Internal Weakness of the industry: 1. Lower Productivity in various segments. 2.High Employee Turnover. 3.Lack of Technological Development that affect the productivity and other activities in whole value chain. 4.Less Attention on Manpower Training. 5.Many Man Many Minds. 6.High Rental Costs. 7.Cash Flow Problems. 8.Weak Record Keeping Systems. 9.Lack of Strategic Management Systems. 10. Lack of Following up Procedures.
Bangladesh?Consider global garment business. Example:China is shifting the production from low value product to high value product. List 10 other Opportunities of the industry: 1. Growing casual wear market. 2. Low manufacturing and production costs in various international markets. 3. Increasing acceptability of western wear across the world. 4.Serve additional customer groups. 5.Entering new market or segments. 6.Expand Product Line to meet boarder, 7.Diversify into related products. 8.Adding Complementary Products. 9.Ability to move to better strategy groups. 10.Complecency among rival firms.
Bangladesh?Consider global garment business. Example: Cancellation of GSP facility by USA. List 10 other Threats of the industry: 1. Entry of New Competitors. 2.Rising Sales of substitutes Products. 3.Slower Market growth. 4.Adverse government and political Pressures. 5.Growing Competitive Pressures. 6.Growing Burgaining Power of Customers or suppliers. 7.Increasing price of Raw materials which impact on the final product. 8.Changing buyer needs and tastes. 9.Adverse demographic changes. 10.To make balance between Price and quality of the product.
5. Do you think our garment business has strong backbone? Yes I strongly believe that, our garment business has strong backbone in our country because the ready made garment industry has occupy the unique position in the bangladesh economy. It is the largest exporting industry in Bangladesh, which experienced phenomenal growth during the last 25 years.
- 2% Is Bangladeshs Share in the global apparel business. - The RMG industry accounts for 78% of the exports. - RMG exports to TRIPLE by 2020 with 6 Million workers. - 16% of the GDP of bangladesh is contributed by the garment industry.