An examination of the economic and social benefits from US textile industry strategic partnerships

Lorynn Divita, David Ludwig, Nancy Cassill

Research output: Contribution to journalArticle

1 Scopus citations

Abstract

A strategic partnership is an alliance between companies in which combined corporate strengths are intended to improve outcomes for all members. As a means of maintaining corporate competitiveness in the global economy, some members of the textile industry have established strategic partnerships with other members of the textile and apparel supply chain. The purpose of this study was to investigate business practices of strategic partnerships in the US textile industry with an emphasis on the economic and social value received by partners. Results of a quantitative questionnaire that was completed by 93 respondents in key decision-making positions at US textile manufacturers are discussed, indicating that benefits to partners are derived from strategic partnerships. Finally, a case study of Glen Raven Mills, a global leader in performance fabrics that has multiple strategic partnerships in place, is included. In the case study, key insights about the role partnerships have played in the company's success are excerpted from an interview with company CEO Allen Gant, Jr.

Original languageEnglish
JournalJournal of Textile and Apparel, Technology and Management
Volume5
Issue number3
StatePublished - Sep 1 2006
Externally publishedYes

    Fingerprint

Keywords

  • Corporate competitiveness
  • Glen Raven Mills
  • Strategic partnerships
  • US textile industry

ASJC Scopus subject areas

  • Management of Technology and Innovation

Cite this