9, no. 0000021755 00000 n Internal analysis of ICT sector of Bangladesh With the Internal analysis will try to show what internal factor (strength and weakness) on our ICT industry. Knitwear Readymade Garments Sector of Bangladesh, Woven & Knit sector contribution, Export trade information, top buyers, manufacturing items, vision and SWOT analysis. It actually helps to develop business strategies which increase business competencies. 0000121596 00000 n & Hamid, ABA. In the SWOT analysis it tells the most important strengths, weaknesses, opportunities and threats of the industry. 5, no. 0000022447 00000 n Over the years the apparel industry of Bangladesh is growing faster than any other industry. 0000001130 00000 n 49-54, 4 March 2015. https://doi.org/10.5958/0973-9343.2015.00007.1, Khalid Nadvi, John Thoburn, Bui Tat Thang, Nguyen Thi Thanh Ha, Nguyen Thi Hoa & Dao Hong Le, "Challenges to Vietnamese firms in the world garment and textile value chain, and the implications for alleviating poverty," Journal of the Asia Pacific Economy, vol. A swot analysis: Bangladesh economic perspective SWOT is an acronym for Strengths, Weaknesses, Opportunities, and Threats. Conclusion. 0000020547 00000 n 111 0 obj SWOT. )V:��q���ڥ?l!lQW�Y^�Wu�_֏�u�u�RԁQܟ�*�:�������H�9�X�*��T����>�lO�MK����Y|s��?���#��c�/ߛ7W��Jd�{#�� �_��u%�s�cU�U���ת�l%W�����&0��/߉¿� �2�{D�u^I��*����-�(�-��'�|C��g�� �Vu� �)a$E7X�z�\�u��mVkz({"�N�Plߺ �-N}�/�����E݂dg�� S5�Y49�}1����w�1ڽ��:�t{����l�6��[��6����oŠ͂�m���9��j����׳C��z5~��*Xtuk�(�� 7(�'K]�e�5�t�ZE�,5� @�h=�K��S����U��}H2t���Ѐ2 ' Ul=�ѣmh�1�m����RE�L�(C��V,@�4��Z�d���0I�"[k�:Q��5�{L�U�n�m(F��mR��P�VV�a�5���� Lp)�v �c䊱�hG����- �̺�F�|�oԲ�`z6-�hTf��: ��b̻�c���6@����Ύ���1�"4Fc@hL�6��ƒ����"4ڶ)Z��V��E�Q�C�X�"C���yt�dd^�F�,c+K�,����3�Kh[�zl�I��d�c���4���)�����#�mI:� �� "Branding of Bangladeshi Apparel Products in International Market: A Survey," Global Journal of Management and Business Research, vol. 4, pp. 0000000977 00000 n From this, we can know the areas where the Bangladeshi Industry is strong and where he has to improve. Bangladesh textile and apparel industry is standing … In this project work, from the top readymade garments or apparel exporter countries, three countries like China, Vietnam and India are taken with Bangladesh for comparison. Retrieved from: www.reuters.com/article/us-bangladesh-garments-idUSKCN1LT2UR, Duarte, AYS. "Present status of Workers in ready-made Garments industries in Bangladesh," European Scientific Journal, ESJ, vol. SWOT analysis A SWOT Analysis on Readymade Garment Industry in Bangladesh: RMG is the leading industry in Bangladesh. One of the worst incidents occurred in 2013, when an 8-story garment factory in Savar, which is just outside of Dhaka, completely collapsed. Environmental Forces and SWOT Analysis of Garments Industries in Bangladesh Executive Summary Bangladesh’s industrial base, which has remained stagnant over the past two decades, is … 0000114686 00000 n Exports of textiles, clothing, and ready-made garments accounted for 77% of Bangladesh’s total merchandise exports in 2002. In this research, the author has prepared a questionnaire and made a survey of it. 1, no. 14-18, 2018. "Swot Analysis Of Bangladesh Garment Industry" Essays and Research Papers . Over the years the apparel industry of Bangladesh is growing faster than any other industry. 0000001351 00000 n From the above mentioned analysis and Textile Focus research a SWOT analysis of the Bangladesh textile and garments industry for the year 2020 and onward is outlined below. Biman Bangladesh Airlines Ltd. - Strategy, SWOT and Corporate Finance Report, is a source of comprehensive company data and information. 103-122, July 2015. SWOT Analysis of Garment industry in Bangladesh simply means analyzing the Strength, Weaknesses, Opportunities, and Threats of the garment industry in Bangladesh. ... Introduction to Garments Market in Bangladesh. The summary of the main strength points… Purpose - In manufacturing industry, China is the most powerful all over the world. Proximity of Northern Vietnam to the Guangxi region of China encourages trade and… %�쏢 64-74, 6 August 2013. https://doi.org/10.5539/ijms.v5n5p64, Talib, MSA. Mohammed S. Chowdhury, Zahurul Alam and Mohammed Mizanur Rahman . Strength of Bangladeshi ICT Company: Bangladesh ICT sector has the potential to become a global destination for off-shoring. Bangladesh garment workers face Covid-19 hardships; VF reshuffles core and emerging brand management; Timeline – Coronavirus and the apparel industry; Market research. 21-34, 1970. https://doi.org/10.1057/palgrave.jibs.8490714, J. Sherman, J. <> A SWOT analysis of Bangladesh Economy has uncovered its overall strength, weakness, opportunity and threat in terms of its current position in world economy. External Analysis of RMG sector A business does not operate in a vacuum. 06, pp. A SWOT analysis (alternatively SWOT matrix) is a structured planning method used to evaluate the strengths, weaknesses, opportunities and threats involved in a project or in a business venture. For the work, SWOT analysis method is used to find Strength, Weakness, Opportunities and Threats for the apparel industry of each country. trailer endobj 37-39, 2009. 1, pp. To identify the SWOT of readymade garments industry of Bangladesh. Retrieved from: https://urn.fi/URN:NBN:fi:amk-2016120118630, Saxena, A. By doing the analysis this report provides the most valuable part of this study. 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. 11, no. SWOT Analysis of Garment industry in Salem simply means analyzing the Strength, Weaknesses, Opportunities and Threats of garment industry in Salem. 5, no. Sumaiya Siddika, To find out the market growth of readymade garments industry of Bangladesh. The readymade garment industry (popularly known as RMG), counts - for almost 81% of the total exports of Bangladesh. Bangladesh has a rapidly growing economy. 2, pp. Other objectives of this reports are to know the duties and responsibilities of merchandising department, to know the overall internal and external environment of Garments Industry of Bangladesh: The Challenging Ahead and Identify the major opportunity and threats of Garments Industry of Bangladesh. (2004). A SWOT analysis covers four areas of consideration. с[J���J�� And for the garment industry, China is the largest export country in the world. SWOT analysis is the method of strategic planning that enables analysis of estimates and combining of internal factors with information from external sources on the market and in business environment. 0000025515 00000 n ?Textile Industry: While agriculture for domestic consumption is Bangladesh’s largest employment sector, the money gained from exporting textiles is the single greatest source of economic growth in Bangladesh. & Tripati, PS. ��Q?�D�h����e�:�!Z[�9�T��.L��rWQ1�J���j��I;�? (2018). (2009). & Sehgal, S. (2015). 0000114585 00000 n Denim is a promising sector in Bangladesh with huge opportunity.By SWOT analysis, it's easy to measure how denim sector moving forward in a successful rate. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. endobj Retrieved from: www.academia.edu/download/34178208/410_ch6.pdf, Ahmed, HU. SWOT Analysis of Garment industry in Bangladesh simply means analyzing the Strength, Weaknesses, Opportunities, and Threats of the garment industry in Bangladesh. 01, pp. �X�L�_��;D����qL��#���Hkہ�;H`̄��. Bangladesh is a nation where article of clothing and sew industry is an extensive wellspring of aggregate GDP procuring. Abu Sayed Rafi, For the work, SWOT analysis method is used to find Strength, Weakness, Opportunities and Threats for the apparel industry of each country. From the above mentioned analysis and Textile Focus research a SWOT analysis of the Bangladesh textile and garments industry for the year 2020 and onward is outlined below. 0000185422 00000 n Use of this Web site signifies your agreement to the terms and conditions. Retrieved from: www.thedailystar.net/opinion/economics/news/rmg-growth-battling-the-challenges-1846036, Khan, SS. SWOT Analysis S=Strengths, W=Weaknesses, O=Opportunities and T=Threats SWOT analysis is a tool for auditing an organization and its environment. 0000022103 00000 n The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. Hassan, F. "Bangladesh Marching Ahead with RMG Industry," Daily Sun, 06 January 2018. & Salze-Lozac’h, V. (2010) "Competitiveness in the Garment and Textiles Industry: Creating a supportive environment, A Case Study of Bangladesh," The Asia Foundation, Barkeley, California, 2010. 0000021245 00000 n (1970). 0000114767 00000 n ABSTRACT Purpose - In manufacturing industry, China is the most powerful all over the world. 4, no. Retrieved from: https://journalofbusiness.org/index.php/GJMBR/article/view/2426, Trading Economics, Retrieved from: https://www.tradingeconomics.com, World Bank, Retrieved from: https://lpi.worldbank.org/international/global, World Trade Organization, Retrieved from: https://www.wto.org, World Bank: Databank, Retrieved from: databank.worldbank.org, Lloyd’s List, Retrieved from: https://www.lloydslist.com, Apparel Industry, Export Earnings, Gross Domestic Product (GDP), Market Share, Ready-Made Garments (RMG), SWOT Analysis, http://creativecommons.org/licenses/by/4.0/. 0000224868 00000 n The Indian Textile industry adds 14% to the industrial production and 8% to the GDP of India. �������Ul;�ِ^2Z(��c��RfF=�c�$�Б��o)�V�� 0000222631 00000 n 2 1. "Indian Textile Industry: A SWOT analysis," Journal for Studies in Management and Planning, vol. To know the strategy that the industry is following to compete. In this case, SWOT analysis has been conducted to assess the competitive position of this industry in comparison with the global perspective. On the basis of SWOT analysis it is necessary to do detailed estimate of competition in fashion industry. 322-343, 2 September 2014. https://doi.org/10.1108/JIMA-03-2013-0018, Uddin, M. "The next chapter for our RMG sector," The Daily Star, 01 June 2018. SWOT analysis A SWOT Analysis on Readymade Garment Industry in Bangladesh: RMG is the leading industry in Bangladesh. Retrieved from: https://mpra.ub.uni-muenchen.de/97466/, Farhana, K. Syduzzaman, M. & Munir, MS. (2015). In 2013, the Bangladesh textile industry faced one of its toughest tests. Nazif Hasan Chowdhury, �C吣u�JH/�^�NƤ-6���O\{Ȧ��{���"�N/���`9a�'uܧ��J�*�hq3�}��-N%j�ڏ޸��g���n Xvb��T���j�P�����y��B����s9mf��kO�*�gƤB�RP�T)��_�O��nk7�˗/�zͼ�Z���7A��x~�����t�~E�n��l���G����M�6�T The garment industry in Bangladesh may have formalized in 1971 when the country was liberated. 76-87, 2014. https://doi.org/10.5958/2249-7307.2014.00916.5, Yunus, M. & Yamagata, T. (2012). 6, pp. 108 0 obj 249-267, January 2004. https://doi.org/10.1080/1354786042000207362, Hossain, MT., Islam, MN., Saber-E-Montaha, M. & Moon, JM. & Sajib, TH. 0000020481 00000 n SWOT ANALYSIS 2 SWOT is a business management anagram that stands for strengths, weaknesses, opportunities and threats. SWOT analysis of Indian Apparel & Textile Industry. %PDF-1.5 stream xref This sector was the first to provide large-scale employment opportunities to women in a Finally, external "threats" that are beyond th… Abstract: In this project work, from the top readymade garments or apparel exporter countries, three countries like China, Vietnam and India are taken with Bangladesh for comparison. Bangladesh textile and apparel industry is standing at a … & Mita, F. (2013). the swot analysis of tourism development in bangladesh the swot analysis oftourism development in bangladesh based on a study of marketin… Slideshare uses cookies to improve functionality and performance, and to provide you with relevant advertising. 2, pp. Retrieved from: www.thedailystar.net/opinion/perspective/the-next-chapter-our-rmg-sector-1584409, Hossain, MS. Lopa, NZ. "Chinese Investment in Bangladeshi RMG Sector," African Journal of Business Management, vol. A SWOT analysis is a strategic balance sheet of an organization; that is the strengths of the organization, the weaknesses of the organization, the opportunities facing the organization and the threats facing the organization. Finally this report make swot analysis Garments Industry of Bangladesh. Bangladesh is a developing country, the economy of this country is expanding year to year. SWOT Analysis of Garment industry in Salem simply means analyzing the Strength, Weaknesses, Opportunities and Threats of garment industry in Salem. "Future Trends in Production and Consumption in Textile," Latest Trends in Textile and Fashion Designing, vol. SWOT Analysis of Three RMG Industry: To give concept about recent status of RMG industries in Bangladesh, ... Prospects of Garment Industry in Bangladesh: Financial Prospect: Over the last fifteen years or so the garments industries ha... For Newbie ARP TEST Sample-1. As a final point, the report includes a SWOT analysis of the power industry of Bangladesh. •Bangladesh produce mostly basic products- which are low cost items; the share of fashion products i.e., high value added product is very low. 110 0 obj Jul 17, 2018. (2015). In this project work, from the top readymade garments or apparel exporter countries, three countries like China, Vietnam and India are taken with Bangladesh for comparison. Used in a business context it helps organization carve a sustainable niche in a market. “The Cold War: Chronicle of America's Wars,” Minneapolis: Lerner Publications Company, 2004. 0000022661 00000 n "SWOT analysis of the textile industry of Pakistan," Pakistan Textile Journal, pp. It also outlines the primary external influences to which this industry is subject. •Bangladesh produce mostly basic products- which are low cost items; the share of fashion products i.e., high value added product is very low. Moshiur Rahman, MBA BRAC University ... more than three quarters of Bangladesh ’s export earnings come from the garment industry, which began attracting foreign investors in the 1980s due to cheap labour and low conversion cost. It provides employment to 38 million people and thus, is the second largest employment provider after agriculture. "Indian garment export industry: an overview," The Journal of Indian Management & Strategy, vol. (2017). 1, no. 69, no. This analysis is mainly based on an imaginary situation.SWOT Analysis of Aarong. (2011) in an article named ―Analysis of Pharmaceuticals Industry of Bangladesh: It‘s Challenges and Critical Success Factors‖ stated that the pharmaceutical industry is globally known as the fastest growing industry in the world. ( 494 ) - strategic SWOT analysis S=Strengths, W=Weaknesses, O=Opportunities and T=Threats analysis..., 2014. https: //doi.org/10.35530/IT.069.06.1488, Akhlaq, MA Chandra, R. `` Bangladesh raises wages for garment,! 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( 2012 ) most important parts in the SWOT analysis can be of a special in! `` SWOT analysis of garment industry, '' International Journal of Islamic Marketing, vol //doi.org/10.35530/IT.069.06.1488,,. Data and information about ―made in China‖, Trends & analysis for employment and...., International Journal of Indian Management & Strategy, vol from the and! Organization and its environment in this case, SWOT and Corporate Finance report, a. Repec Archive, 09 December 2019 market: a survey, '' International Journal of Marketing Studies, vol from! A source of comprehensive company data and information Bangladesh 's RMG, '' Textila. This study //doi.org/10.32474/LTTFD.2018.01.000102, Khan, an 14 % to the GDP India. Outlines the primary external influences to which this industry in Bangladesh SWOT Based study for garment. 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