Reasons for the Failure and Revival Strategies of Garment Enterprises Taking Fuguiniao as an Example

Authors

  • Sijin Ma
  • Shiyi Wu
  • Lerong Chen
  • Wanling Wang
  • Deyu Li

DOI:

https://doi.org/10.54097/fbem.v3i3.297

Keywords:

Garment enterprises, Development dilemma, Porter's five forces model, SWOT analysis

Abstract

In the era of rapid development of science and technology information, Internet plus has gradually entered the public's vision. The deep integration of traditional industries and the Internet has created a new development ecosystem, and led the "new normal" of innovation driven development. In this context, we chose Fuguiniao, a leading enterprise in the clothing industry that was once popular all over the country, as the research object. Through the analysis of the enterprise's strategy, combined with the industry environment, using the methods of Porter's five forces model analysis and SWOT analysis, this paper finds the reasons for the failure of the garment enterprise, and puts forward the effective strategies to revive it.

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References

Wu Xiaoru. An analysis of the diversification strategy of enterprises from the decline of Fuguiniao [J]. Tax, 2019 (30): 169-170.

Xiao Linuan. Research on the causes and Enlightenment of Fuguiniao financial crisis [D]. Overseas Chinese University, 2020.

Guan Jian. Those who are big and happy will be crazy -- the inevitability behind the defeat of HNA, Huiyuan and Fuguiniao [J]. International brand watch, 2022 (07): 68-69.

Sun Yilin. Business strategy choice of family enterprises under the background of economic transformation -- a study based on the transformation performance of Fuguiniao [D]. Wuhan Textile University, 2021.

Liu Yun. Research on identification and control of capital chain risk of Fuguiniao [D]. Chongqing Industrial and Commercial University, 2021.

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Published

18-04-2022

Issue

Section

Articles

How to Cite

Ma, S., Wu, S., Chen, L., Wang, W., & Li, D. (2022). Reasons for the Failure and Revival Strategies of Garment Enterprises Taking Fuguiniao as an Example. Frontiers in Business, Economics and Management, 3(3), 5-13. https://doi.org/10.54097/fbem.v3i3.297