Transition Of Corporate Power And How It Effect Fashion Industry Assignment

Transition Of Corporate Power And How It Effect Fashion Industry - Assignment subjectThe paper Transition Of Corporate Power And How It Effect Fashion Industry discusses Transition Of Corporate Power And How It Effect Fashion Industry. In the fashion sector, the corporal should be focusing on the governance so that they maximize residuals and in thecases of investor-owned firms, theyhave to make a pro datadistribution to theshareholders. The pro-data distribution allows accountability when it comes to government subsidies and the role of advertize laws and community interest. An example of a transition of corporate power in thefashionindustry is China. China is one of the largest consumers of textile with its population of 400 million, giving a gritty demand for textile. In the past, the fashion industry has faced problems starting from insufficient raw materials and inadequate technology. In 1950, the Chinese government started it five-year plan with the construction of cotton plant mills, printing and dyeing plants. The plan was not only meeting the demands of the growing population but also to provide employment. The government solely embarked on the production, expression and distribution. It however failed to meet the requirements of its population, so the government introduced a modernized method of the open policy. Therefore, allowed foreign direct investors to do businesses in China. It also enabled China to animate its outdated industry rapidly and also make new economic ties with other countries. The result was a transformation of the intermediate products like thread.