SG7001 Managing Strategy & Operations and Partnerships Assignment Sample 2024

Environmental Factors	Issue	Implications for the Industry
	In the Chiang Mai International Finance corporation workroom in 2018, Thailand was ranked 99th out of a hundred eighty countries in the corruption index list.	When foreign companies and indigenous entrepreneurs place their money and resources into the economy in Chiang Mai, it creates a great many jobs (Phetrak et al., 2020).
Although we have a propensity to understand everyone, Chiang Mai’s economic mechanism will also have an effect on the indigenous currency of a nation and as such the growth and decrease of the global economy. Siam is not an exception to associate grade. In the other hand, the extreme volatility of the Thai currency sets it apart from the others. It means that if the artists’ workspace Chiang Mai sinks its money, the company can take cash from other countries to survive in the downswing worldwide. Multinational companies will go bad if overseas capital funds don’t come back. Several non-profit companies are interested and would not invest in the area if the associated market will have the potential to kill them. Since 1997, the workroom of artist Penang has dealt with variations in currency. Over the years Spain has plenty, and has changed considerably has since (Mizuno, 2020).	While it would not be as colossal as in other countries, if it is not addressed by the State, every agency would now die.	It would reduce the rate of unemployment.

Porter’s Force

Strengths

Justification

Buyers control

Shops’ temperament to reduce prices; providers power — manufacturers’ power to increase product or service standards

Atelier Chiang Mai has a hundred billion greenbugs market capitalisation, an associate degree and a product worth of $19, which is calculable.

Threat of members and the status

the threat to the newcomers in a market for a long time; powerful team action — the force of competitive play that will affect which kind of business an organisation gets or which margins of property are high, competitive league action, which will impact on how much an organisation gets — the intensity of its competitive activity.

The unemployment rate of Thailand in 2019 was 0,754% of the total workforce. The COVID-19 pandemic slows global economic growth and is forecast to expand jobs by 31.45% and to 1.1% by 2020.

The Chiang Mai workshop is responsible for 100% of globe emissions of carbon. The international rag trade emits a large proportion of greenhouse gases because of the electricity used each year in the look, packing and shopping of the many clothing from abroad. The corporate style has a negative impact on the environment (Phetrak et al., 2020).

Chiang Mai requires choices and solutions in his workplace to alleviate these issues. Building awareness and an adjustment dedication is the beginning. In most countries untreated hazardous waste from clothing mills is immediately distributed into the lakes

Toxic chemicals such as lead, mercury and arsenic, inter alia, can be found in Chiang Mai’s waste water workshop. These places are choking to sea life and the health of many people on the banks of these rivers remains important. Pollution takes place all over the world even thanks to the sea, everywhere it occurs.

The chemical use of cotton production which substantially pollutes exodus and seawater water is another significant cause of pollution.

The Chiang Mai Workshop of Artist should take two fundamental measures to change the situation:

• Choose vesture from stricter mill emission standards countries.(Phetrak et al., 2020)

• Use organically grown fibre that is made by the performance criteria when using chemical products.

Identification of Industry Question

The monetary crash of Chiang Mai studio causes disruption in the retail sector. Everywhere, attire, boots and clothing manufacturer and store test in risk. square measurement. The author gives consumers and importers who wish to play the long game and maybe grow stronger a broad suggestion. On the first day of December, the National Bureau for Economic Analyses announced the recession of the US economy in Dec 2007. The announcement was anti-climactic as vesture manufacturers and alternate branded commodity manufacturers in the United States had expected this or had feared it for a few times. It was also widely stated that Gregorian calendar month’s retail sales met estimates (Phetrak et al., 2020).

Industry Stage in Life Cycle

On the other side, retail stores had a 13.3% decrease in incomes while nickel wardrobe stores had a decrease of ten.4%. Dual digit drops in the same-store income is common, with a 208% fall from one specialization vestibule retailer.

Implication

Despite the increasing crash, tight spots and drastic customer payoff reductions, retailers and their suppliers have had their worst hits in decades. For eg, Linens N’ Junk filed either for litigation or a zone unit in the liquidation process. In the coming years, additional retailers tend to claim bankruptcy (Phetrak et al., 2020).

References

Ahmad, S. and Miskon, S., 2021. A Conceptual Model of Business Intelligence System Adoption for the Textile and Apparel Industry in Pakistan. Mehran University Research Journal of Engineering and Technology, 40(2), pp.251-264.

Ahmad, S., Miskon, S., Alabdan, R. and Tlili, I., 2020. Towards sustainable textile and apparel industry: Exploring the role of business intelligence systems in the era of industry 4.0. Sustainability, 12(7), p.2632.

Kerepat, A. and Thabhiranrak, T., TRADITIONAL RETAIL BUSINESS DEVELOPMENT MODEL IN THE NORTHEAST REGION ALONG THE BORDER OF THAILAND. Management, 5(21), pp.40-51.

Mizuno, A., 2020. Labour Migration and Relocation of Apparel Production between Thailand and Myanmar. Journal of Southeast Asian Economies, 37(2), pp.181-198.

Phetrak, A., Westerhoff, P. and Garcia-Segura, S., 2020. Low energy electrochemical oxidation efficiently oxidizes a common textile dye used in Thailand. Journal of Electroanalytical Chemistry, 871, p.114301.

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