Cause-effect-cause-models in Strategic Management - the case of readymade garments in Bangladesh

Abstract

The garment industry developed in Western countries was developed in 1950s. A contract, Multi Fiber Agreement (MFA) for controlling the export of RMG products in developed countries. This agreement will increase the exported country by 6% every year from the developing countries which has said by this Company. In the early eighties, Bangladesh started receiving foreign support in the RMG sector. During this time some Bangladeshi got free training from a Korean company. At the end of the training, these workers started work in other industries or on their own initiative. Beginning in the early 1980s, Bangladesh's readymade garments started to be exported regularly to Europe and America. The garment industry created since the late 1980s has been playing an emergent role in the economy of Bangladesh. This growing of employment generation and the acquisition of foreign currency earning sector increased every year. Bangladesh mainly exports less expensive readymade garments so that the local price merger rate is very low. By the end of the 20th century, Bangladesh's garment exports were mainly exported to North America and Europe. Since the beginning of the 20th century, The Quota system in 2005, Bangladeshi entrepreneurs continue to try to export RMG in other countries of the world and prosperity is coming. Since 2005, due to the Quota system, Bangladesh gets privileges for garment export. Bangladesh is a developing country under the rules of Origin; Bangladeshi readymade garments have access to tax-free or reduced taxes in the countries of the European Union. (...) The Thesis focuses on improving Bangladesh clothing’s export to EU market. Banglades hclothing’s Firms have their own advantages which should be made good use in export. Byanalyzing Chinese clothing’s current situation and many external factors, such as strongcompetition, standards, which have a huge influence on Bangladesh clothing export.