Competitive Factor Analysis of Global Readymade Garment Business In Bangladesh

Abstract

At present Readymade Garment (RMG) is the leading industry and one of the leading exporters in Bangladesh. It needs limited financial investment and relative simple technology compared to other high-tech industries. In this study, the author has identified the competitive factors in the global market of RMG business. For finding the most influential competitive factors, the author has collected primary data and used semi-structured questionnaire for the purpose of interview to the respondents. 120 respondents have been selected with probably proportion to size (PPS) for interview. Factor analysis technique has been used in this study. The complexity of intercorrelations among the responses led to the use analysis techniques to probe the relation ship among the responses. Principal factor analysis seeks to explain the intercorrelations between variables with as small number of common factors as possible and extracts the maximum amount of variance due to each factor at each stage. Statistical Packages for Social Science (SPSS) package has been used for the data analysis of the study. The findings of this study indicated that price; quality and lead-time are the very influential factors in the global RMG business