Development Strategy for a Textile Firm

Journal of Management and Sustainability; Vol. 2, No. 2; 2012 ISSN 1925-4725 E-ISSN 1925-4733 Published by Canadian Center of Science and Education

Development Strategy for a Textile Firm
Luu Trong Tuan1
1

University of Social Sciences and Humanities, Ho Chi Minh City, Vietnam

Correspondence: Luu Trong Tuan, University of Social Sciences and Humanities, Ho Chi Minh City, Vietnam. E-mail: [e-mail] Received: September 26, 2011 doi:10.5539/jms.v2n2p136 Abstract The researched firm is a state-owned company of more than forty years of operation and is one of pioneer companies providing textile and garment to Vietnam market. Its vision is to be the sustainable multidisciplinary firm which operates in three main areas: textile and gament industry, travel – real estate and financial investment in global market. After more than forty years of operation in the market, company has obtained some recognized results but these are still low and do not meet company’s strategic goals and company’s shareholders expectation. A need of a development of strategy which will help company to take market positioning and to develop. This research will help to have an overview of company, its business environment, its strengths, weaknesses, opportunities and threats. Business environment and SWOT analysis are used for alternatives of strategies. Each activity of the company is reviewed to find the real problem that company is facing and helps to find a solution. A strategy is finally given for company’s competitiveness anddevelopment. Keywords: development strategy, SWOT analysis, textile industry, Vietnam 1. Introduction Vietnam is expected to grow as a manufacturing base to supply to foreign buyers in developed countries. More and more orders from corporate buyers are supposed to take place. As a matter of fact, Vietnam’s textile and garment industry plays an important role in the Vietnamese economy. The industry consists of around 2,000 enterprises; of which 25 are

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