Made in Bangladesh Bangladesh garments industry creating shared value in response to social issues related to work
Adnan, Abu Saleh Md. Tarique (2020)
Adnan, Abu Saleh Md. Tarique
2020
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Julkaisun pysyvä osoite on
https://urn.fi/URN:NBN:fi:amk-2020060817574
https://urn.fi/URN:NBN:fi:amk-2020060817574
Tiivistelmä
Bangladesh highly depends on the ready-made garments industry (RMG) for their economic growth but the industry is suffering from social problems related to work safety. The objective of this thesis is to find out how Bangladesh can solve work-related social issues by adopting the novel concept called Creating shared value known as CSV. The literature review suggests that in the RMG sector, there is not any research on CSV but corporate social responsibility (CSR) and green garments concept has been a growing topic in Bangladesh. In this thesis, Porter and Kramer’s (2011) three levels of CSV have been discussing in the theoretical framework. The empirical study has been qualitative research and conducted by semi-structured interviews that are related to RMG industries and the MS Excel system analyzes text data. The result suggests that the RMG sector will initially invent new products and services by solving the unsatisfactory social needs of unserved customers, targeting disadvantaged populations in emerging markets, and undeveloped markets. Secondly, the RMG sector should redefine competitiveness across the supply chain and tackle social problems while at the same time generating substantial cost savings by providing managing inbound and outbound logistic paths, enhancing employee health and safety, and recycling waste materials. Finally, through infrastructure growth, preparation, and improved cooperation, the RMG sector will improve the skills of local clusters in the third direction. Strong regional communities boost rural development, thus adding to the efficiency and inattentiveness of ready-made textile factories. Results indicate that CSV may also be realized in all markets, although in developing and least-developed economies, the influence of the possible social interest will be greater.