Consulting report - Creditex S.A.A. – new business unit

Creditex is one of the largest textile companies in Peru, located in Lima, specializing in yarns, fabrics, and apparels. The United States is one of its leading export markets. The company required consulting help to start a new business unit owing to lack of business growth due to rising competi...

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Autor Principal: Castello Rubín, Helga Estefanía
Formato: info:eu-repo/semantics/masterThesis
Idioma: Inglés
Publicado: Pontificia Universidad Católica del Perú 2018
Materias:
Acceso en línea: http://tesis.pucp.edu.pe/repositorio/handle/123456789/12731
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Sumario: Creditex is one of the largest textile companies in Peru, located in Lima, specializing in yarns, fabrics, and apparels. The United States is one of its leading export markets. The company required consulting help to start a new business unit owing to lack of business growth due to rising competition from low-wage South East and South Asian countries. The developed countries focus on innovation and R & D, where they lead the Technical Textiles and Intelligent Textiles. The technical textiles have various applications in various industries such as automotive, construction, medical, etc. The companies who have taken the technical textile and smart textile route have shown tremendous progress in business performance. The evidence shows the company believes in a follower approach. Creditex wants to use their expertise and would like to opt for a related diversification in technical textiles. It leaves us with the most encouraging choices, medical and protective, which have great growth opportunities. Once again, both these fields are diverse, sticking to uniforms (medical and protective), where Creditex has the know-how, capacity, and the budget seems a right fit. The medical uniform segment is the most promising field due to a significant rise in old-age population across the world which calls for setting up more hospitals and more healthcare workers. The healthcare market in North America shows a positive growth forecast for the next ten years. A product development strategy was developed for creating the new business unit. The project ends with the conclusions and recommendations as well as introducing the "Innovation DNA" within the organization.