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Exploring Core Competencies of Readymade Garments(RMGS) Manufactures in Bangladesh: An Application of Exploratory Factor Analysis

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  • Nimalathasan, B.

Abstract

Ready Made Garments (RMGs) industry is one of the Bangladesh’s success stories. Like many developing countries Bangladesh was encouraged in the late seventies into the garments industry. The RMGs in Bangladesh is characterised by small and medium sized privately owned enterprise. The industry has attained phenomenal growth over the past fifteen years as the sector has been earning millions of dollars by exporting garments. In the context of export oriented industry, the garment industry has expanded very fast. Therefore, the present study is initiated exploring core competencies of ready-made garments in Bangladesh samples of fifty garments’ manufacturers in Chittagong port city. Data were collected through a seven points Likert type summated rating scales of questionnaire from strongly disagree (-3) to strongly agree (+3) were adopted to explore the competencies. Sophisticated statistical model as Exploratory Factor Analysis (EFA) has been used. The study has identified three core competencies which are determined in RMGs manufacturers in Bangladesh. The dominant competencies are demand for work contract; opportunity seeking and risk taking.

Suggested Citation

  • Nimalathasan, B., 2010. "Exploring Core Competencies of Readymade Garments(RMGS) Manufactures in Bangladesh: An Application of Exploratory Factor Analysis," Ekonomika, Journal for Economic Theory and Practice and Social Issues, Society of Economists Ekonomika, Nis, Serbia, vol. 56(1), March.
    • Handle: RePEc:ags:sereko:288568
    DOI: 10.22004/ag.econ.288568
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    Keywords

    Production Economics;

    Statistics

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