Critical success factors in hosiery industry in Taiwan

Presenter: Caine ChenInstructor: Dr. Pi-Ying Teresa HsuDate: June 12, 2015

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Contents

1. Introduction2. Literature Review 3. Methodology

Introduction

1. Research Background2. Statement of the problem3. The Purpose of the study4. Research Questions

Research Background

The hosiery industry in She-Tou Township, (OEM) an original equipment manufacturer, owned its specific geography resources and history cultures and has built the considerable foreign currency during its heyday.

Statement of the problemDue to the change of industrial structure, the loss of the OEM advantage, the the hosiery industry declined gradually in recent times and is regarded as a “sunset industry”.

The Purpose of the study

Under these disadvantageous factors, how the hosiery industry practitioners should transform to make the competition is the purpose of this research.

Research Questions

1. Which factors of Business Model are important to hosiery industry?

2. How important is the role of the managers and management actors in hosiery industry?

3. How is a Critical Success Factor ensured in hosiery industry?

Literature Review

1. Recent research in hosiery industry

2. Business Model3. Critical Success Factor4. Analytic Hierarchy Process

Recent research in hosiery industry

Ten years ago, researchers were investigating the effect of OEM in taiwan hosiery industry: how to reduce labor costs.

(You-Bui, 2001)

Recent research has suggested that adding value through technology may indeed facilitate processes beneficial to taiwan hosiery industry.

(Luo, 2012)

Business Model

value proposition, value architecture, value finance, and value network articulate the primary constructs or dimensions of business models

(Debei & Avison, 2008)

Critical Success Factors

The limited number of areas in which results, if they are satisfactory, will ensure successful competitive performance for the organization. They are the few key areas where things must go right for the business to flourish.

(Rockart, 2001)

Analytic Hierarchy Process

A structured technique for organizing and analyzing complex decisions, based on mathematics and psychology. The AHP helps decision makers find one that best suits their goal and their understanding of the problem

(Thomas, 1970)

Practical Model Process

Business Model

Critical Success Factors Analytic Hierarchy Process

Practical Model

Methodology

1. Participants2. Instrumentations3. Research Procedures

participants and sampling

Participants managers profile

mail to 16 managers

in hosiery industry 1. enterprise size over 20 employees

2. 8 males / 8 females3. length of service over 5 years4. education over junior college

Instrumentation(1)

Questionnaire

based on a Lykert-type scale (1 through 5, going from very low, low, middle, high, and very high,) to measure the effect of the components indicated and to evaluate the perception about the degree of success in implementing business strategy.

was revised from Leidecker & Bruno(1984) ,consist of 30 items (DATE):20150901-20150930(TIME): 15 MINUTES

Questionnaires

questions:

q1 ： The clear GOALS of managers

q2 ： Rational allocation of resources of managers

q3 ： Coordination of effective relationships

q4 ： Institutionalized welfare system

very low low middl

e high very high

Instrumentation(2)

Interview

Case studies are analyses of persons, events, or other systems that are studied holistically by one or more method. The case that is the subject of the inquiry will be an instance of a class of phenomena that provides an analytical frame an object .

(Thomas, 2011)

Interview

q1: The clear GOALS of managers is a Critical Success Factor. How should a manager to set them up?

q2: Institutionalized welfare system is a Critical Success Factor. What should they included?

consist of 5 items (DATE):20151001-20151002(TIME): 30 MINUTES

Instrumentation(3)

❖spss 18.0 will adopt to analyze the quantitative data

❖Reliability analysis

❖Descriptive statistics will use for data processing and analysis

❖T-test will use for data processing and analysis

Analysis

Research Procedures

Business Model

Key success factors

Analytic Hierarchy Process

Questionnaire Questionnaire Interview

Reliability analysis Descriptive statistics T-test statistics

Q1 Q2 Q3

Research Value

This is done with the hope that it may provide an alternative solution to the problem of permanent operation in hosiery industry. Additionally, the system may serve as a basis for the study of finding critical success factors in any industry.

Thank you

iF YOU REALLY WANT TO DO SOMETHING, YOU’LL FIND A WAY.if you don’t, you’ll find an excuse.

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