Business Models For Competitive Success In The United States Textile Industry
Source: Texas Tech University
Intensifying global competition is threatening the survival of the U.S. textile industry. The authors provide insight into the competitive challenges faced by this declining industry and propose strategic responses to this dynamic economic environment. An ordered logit model provides estimates of how certain strategic decisions impact levels of firm performance. The findings indicate that a composite variable comprising market share and economies of scale positively impacts firm success; but not as significantly as a composite variable of managerial excellence and product differentiation.