#4939. International market selection: an application of hybrid multi-criteria decision-making technique in the textile sector

July 2026publication date
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Journal’s subject area:
Business and International Management;
Strategy and Management;
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Abstract:
The international market selection (IMS) is a prime factor in the success and growth of a company. Therefore, the purpose of this study is to consolidate and apply a systematic methodology that contributes toward the evaluation of international markets and promotes entry into the export market of textile companies. Through a systematic literature review, the criteria and sub-criteria involved in the IMS process are identified and a total of 5 general criteria and 23 sub-criteria are selected. A hybrid approach is used to address the gap. In total, a multiple case study of 11 companies from different range of export values are selected. Data analysis is conducted using two multiple criteria decision-making (MCDM) models. The results demonstrate the applicability of the hybrid MCDM technique to improve IMS decision-making in the textile sector and other sectors. The possibility of achieving a generalized result through this case study is not possible, but the methodological application carried out is a novel for the selection of markets. The combination of techniques will allow wider support for the selection of markets and act as a decision support system. The detailed methodological process described in the study allows both academicians and decision-makers to replicate the study in other contexts and scenarios.
Keywords:
International market selection; Internationalization; Textile sector; TOPSIS

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