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In 2018-19, Bangladesh earned USD 40.53 billion by exporting goods. Of the amount, the readymade garment (RMG) sector alone earned USD 34.13 billion accounting for over 84.21 percent of total exports, followed by several other products including agricultural products, frozen food, jute and jute goods, and leather. Over the past 10 years, garment exports had been increasing at a year-on-year rate of over 13 percent. But currently, RMG is in a bad state due to the COVID-19. In the first half of the current financial year 2019-20, garment exports to the European Union fell by 6.75 percent while the export earnings from the United States decreased by 3.67 percent. According to Export Promotion Bureau data, Bangladesh earned USD 3.05 billion in November 2019, down by 10.70 percent, which was USD 3.42 billion in the same month last year.
a) From this excerption what can you tell about the corporate strategy of garments factory over the past 10 years? What might be their HR strategy at that time?
b) What is their current corporate strategy? What does HR need to do to adopt with this strategy?
C) Of the topology of strategies, which one do you think is applicable for our garments? Why do you think this way?
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