Business and Competitive analysis of RM

Topics: Economy, Economics, Economic growth Pages: 30 (9059 words) Published: December 19, 2014
Term Paper on
Business analysis of Readymade Garments industry in context of Complex Strategic environment of Bangladesh Term Paper on
Business analysis of Readymade Garments industry in context of Complex Strategic environment of Bangladesh

Prepared For:
MD. Shahin Miah
Lecturer
Department of International Business
Faculty of Business Studies
University of Dhaka

Prepared By:

Tanmoy Das
Roll No. 01
2nd Batch (15th Batch BBA)
Department of international Business
University of Dhaka

Date of Submission: 15th April, 2013

ABSTRUCT
This paper reveals the linkage between the strategic factors of Ready Made Garments and Bangladesh itself. In order to analyze business and competitive positions of RMG and Bangladesh, analysis of Bangladesh’s situation as whole is being described and analysis of RMG sector follows that as a supplementary analysis of each other. SWOT analysis, Porters five forces and porter’s diamond has given highest priority for the sake of simple analysis of this complex factor. An operational business model for RMG sector has been established in the initial part of this paper. In a later part of this paper, nine competitive forces has been established after the discussion of the PEST analysis and the Porters Five forces analysis of the RMG industry ob Bangladesh. Before we dive on this paper, we must recall that lower cost of labor force is the main competitive factor for strategy formulation of Bangladesh’s business. So, this factor will have a higher priority in the discussion of this paper. This paper starts its discussion by discussing what a business model is, and what is strategy for the better understanding of strategic and competitive factors of Bangladesh. This paper concludes with some recommendations preceded by establishing Porter’s Diamond analysis for the RMG industry of Bangladesh.

Table of Contents
Introduction2
Bangladesh's Ready-Made Garments Industry3
OPERATING MODEL FRAMEWORK OF RMG INDUSTRY OF BANGLADES5
Bangladesh garment industry aims for fast growth6
INDUSTRY ANALYSIS8
PEST Analysis of Bangladesh Business environment9
PEST ANALYSIS FOR RMG INDUSTRY OF BANGLADESH14
PORTERS FIVE FORCES ANALYSIS FOR RMG INDUSTRY17
THE NINE FORCES IN BRIEF22
SWOT Analysis of BD Business Environment:23
A SWOT Analysis on Readymade Garment Industry in Bangladesh30 SWOT ANALYSIS OF RMG INDUSTRY IN BRIEF:34
Porter’s Diamond Model analysis for RMG Industry:37
Concluding remarks and recommendations:38
References39

Introduction
Bangladesh has been witnessing tremendous industrial growth across its industrial sector, textile and apparel have especially dragged the focus of government bodies and private investors. Vast availability of lowest manpower, one of the most competitive energy costs and a proven track record in apparel production and exports have positioned Bangladesh as a regional apparel industry development hub in the Asian continent. In context of fast increase in labor wages and raw material prices in other major regional counterparts, such as China, India, Thailand etc, Bangladesh is well poised to remain most preferred destination for international apparel majors for sourcing world class fabric and finished clothes. According to this report, Bangladesh Apparel Industry Analysis, Bangladesh apparel industry has grown manifold in the last decade. The country's recognition as low cost-high quality apparel production base resulted in apparel production boom. Both small- and large-sized firms are booking huge orders from the US and EU buyers and expanding their production capacities. The study revealed that factors including new plant setups, capacity expansion in existing ones, technological up-gradation coupled with government favorable policies will enable apparel production to grow at an unmatched CAGR of 14.3% during FY 2011-FY 2014. But Bangladesh’s RMG industry requires better and improved RMG competitive business analysis with a...

References: http://www.thefinancialexpress-bd.com/2008/04/16/30828.html
http://en.wikipedia.org/wiki/Bangladesh_textile_industry
http://www.mightystudents.com/search?q=A+SWOT+Analysis+on+Readymade+Garment+Industry+in+Bangladesh
http://www.businesswire.com/news/home/20110511006349/en/Research-Markets-Bangladesh-Apparel-Industry-Analysis
http://www.just-style.com/analysis/bangladesh-garment-industry-aims-for-fast-growth_id109958.aspx
http://moshiur008.blogspot.com/2011/08/swot-analysiss-of-bangladesh-economy.html
http://e.unescap.org/tid/publication/aptir2456_haider.pdf
Continue Reading

Please join StudyMode to read the full document

You May Also Find These Documents Helpful

  • Balanced and Competitive Business Practices Essay
  • competitive analysis Essay
  • Resource and Competitive Position Analysis Essay
  • Business: Luxury Good and Competitive Advantage Research Paper
  • Business Environment Analysis Essay
  • Current Market Conditions Competitive Analysis Essay
  • Competitive Analysis Essay
  • Essay about Competitive Analysis for Cisco in China

Become a StudyMode Member

Sign Up - It's Free
You Are Wanted 2x01 | Await Further Instructions | Césped Artificial tipo Alfombra o Estera de Hierba Sintética para Jardín Terraza