MFA in transition: Manufacturers' marketing approaches and their perceptions of the future prospects of the Hong Kong clothing industry

Hong Kong's prominent position in international textiles and the clothing trade will continue to shift under the transition of the Multifibre Arrangement (MFA). To provide a better understanding of the relationships between the local clothing manufacturers' generic marketing strategies and their deployment for future challenges, some 33 industrialists were interviewed. The results reveal no difference between the marketing‐oriented firms and the less marketing‐oriented firms in relation to the adoption of strategic actions in response to the abolition of the MFA. The results also indicate that firms, irrespective of their marketing approaches, shared similar views regarding the perceptions of the impact of the MFA upon Hong Kong industry and the overall future prospects of the Hong Kong clothing industry. Nevertheless, an interesting finding was that there might be a relationship between a firm's marketing approaches and its attitude to experimenting with strategies under different business environments. Less marketing‐oriented firms are found to be less proactive towards future uncertainties than the more marketing‐oriented firms.