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Assignment 02 TTF Model

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RMG Industries'
Competitiveness
Major Factors in Respect to TTF Framework
Participants From GROUP - 02
Dolan Bhowmik
Shaiket Dey
Nafish Sams Sourav
Roll : 12727
Mail: dolan112610@gmail.com
Roll : 12111
Mail : shaiket123@gmail.com
Roll : 12732
Mail : nafishsamssourav@gmail.com
Syfur Rahman
Emteaz Uddin
Hossain Ahamed
Roll : 10697
Mail : shuvo3419@gmail.com
Rajan Kabir
Roll : 12543
Mail : rajankabir@gmail.com
Md.Monjurul Huq
Roll : 12048
Mail : jesan.bharul@gmail.com
Roll : 12164
Mail : emteazsovon@gmail.com
Al Fahad Hossain
Roll : 12622
Mail : alfahadhossain1993@gmail.com
Mahabbat Hossain
Roll : 12103
Mail : mhr014@gmail.com
Roll : 12282
Mail : hossainahamed22@gmail.com
The Triple Triangle Framework:
TTF uses three triangles, each summarizing the factors that affect business competitiveness
at different levels.
These levels are:
1. Enterprise domain.
2. Industry domain
3. Facilitation domain
ENTERPRISE
3Cs
“Enterprise domain issues arise from within the organization/enterprise”
Capability:
The ready-made garment (RMG) sector is a prominent contributor to GDP growth, employment
generation, and foreign currency inflow in Bangladesh. Bangladesh has achieved the prestigious
second place among the biggest textile exporters countries.
Strength:
1.
Have Highly Experienced Professionals
2.
Over 40 years of Experienced.
Threat:
1.
Not Adhere with world fashion Trends.
2.
Depends on other countries in terms
of Fabrics & Accessories.
Source: ITC Trade map, TTS Analysis
Capital:
In FY22, the RMG sector contributed 9.25 percent to GDP. Bangladesh's overall RMG export earnings
stood at USD 42613.15 million, which was 35.47 percent higher than that of the previous fiscal year.
Strength:
1. Have available water resource
which help effectively on fabric
dyeing process.
2. Have Able to create “Made in
Bangladesh” as brand in the world.
Threat:
1. Water Level is going down need
to concern in future, and need
to taken steps for water
consumption reduction.
Culture:
RMG sector is one of the important sectors which has so many contributions in the social, technological
& environmental development of Bangladesh
Strength:
1. Women Empowerment.
2. Organizational Structure.
3. Charity Activities
Threat:
1. Child Labor.
2. Harassment.
3. Corruption.
INDUSTRY
3Cs
“Industry domain issues arise from the core of the market system, immediately outside the
firm-domain. It involves key market and non-market actors”
Competitor:
In FY22, the RMG sector contributed 9.25 percent to GDP. Bangladesh's overall RMG export earnings
stood at USD 42613.15 million, which was 35.47 percent higher than that of the previous fiscal year.
Strength:
1. Long term Experience
2. Strong Performance in Price
3. Strong Capacity
Threat:
1. Increasing Labor Cost
2. Consumer Price Sensitivity
Collaborator:
In terms of exports, the RMG sector contributes around 83 percent of all export earnings for Bangladesh.
The country needs to recoup the benefit of efficient implementation of Supply Chain Management (SCM) in order
to achieve lower lead time, lower cost and higher quality. Cheap labor is no more giving required business for
the RMG.
Strength:
1.
72 percent of the sourcing activity
directly by brands.
2.
Creating new industries to repurpose
the wastage of the industry.
Threat:
1.
Volatility of Raw Material Prices
2.
Squeezing Profitability of Forward
Collaborators
3.
China Government Holiday.
Customer:
The RMG industry has made a very significant contribution to Bangladesh's national economy by
generating foreign exchange earnings and creating employment opportunities that reduce
poverty. Various reports have emphasized the potential for future growth of the sector based on
higher volumes, more sophisticated products and the provision of added value services.
Strength:
1.
High potential to increase market share
2.
Low Labor Cost.
3.
Create
positive
image
for
the
investment in sustainable approach
Threat:
1.
Withdrawal of GSP Benefits.
2.
Global Crisis.
3.
Squeezing
Profitability
Collaborators.
of
Forward
MACRO
3Cs
“Extra-Market’/Macro Facilitation Domain issues arise from the wider environment that is a
part of the overarching business ecosystem ”
Country Context:
Strength:
1.
Last 10 years Political Stability
2.
Open Many new textile college to expand creative and learned
Graduates on Textile Engineering
3.
Start many courses like PGD to create effective man power.
4.
Open Many new EPZ
Threat:
1.
Inflation Rate Increasing.
2.
$ Price increasing.
3.
Price hiking in every sector.
4.
Global Crisis.
Creative Context:
There is no doubt that automation can increase the efficiency of production, reduce the number of
defects, and reduce the overall cost of manufacturing. The global demand for quality garments,
low cost of production, and competitive advantage can be achieved by the adoption of
automation.
Strength:
1.
Make Process Easier. (3D sampling,
AutoCAD, Auto cutter etc.)
2.
Higher Efficiency.
Threat:
1.
Huge Investment.
2.
Unemployed Labor. (60 per cent
around 5.38 million) Source – Govt.
a2i Project with ILO.
Cross-Border Context:
Moreover, it accounts for over 75 percent of the country's total export earnings, provides
employment almost 5 million people, accounts for over 10 percent of the country's GDP, and
contributes around 40% of its manufacturing output.
Strength:
1.
Diversified companies and foreign
investment.
2.
Economic Growth.
Threat:
1.
Unequal economic growth.
2.
Global Supply Chain Management
is hampered seriously.
THANK YOU…
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