Management Assignment Example | Topics and Well Written Essays - 2000 words

Management - Assignment Example For example, the sales department had pointed out that there was inadequate support from the marketing department and for this reason, poor sales had resulted. On the other hand, according to the Director of the marketing department, the design and quality of the product were the major causes of the problem. In order to deal with the problems, a restructure plan was required to be formulated which would best suit the company. The following restructure model can be used: Source: 1 Chinese Apparel Industry Facts From the year 2003, there has been an increase in the market size of the Chinese apparel sector from USD 47,194 million to USD 78,459 million in the year 2009 at a CAGR of 8.8%. In the year 2009, there was a sharp decline in growth rate, where the market slumped due to economic chaos. From USD 95,540 million in the year 2008, the market declined to USD 78,459 million in the year 2009, which was estimated to be a decline of 17.9% of growth2. Diagnosis Internal Analysis of the Sp ortswear Company in China There were multifarious reasons that led the sportswear company in China to suffer losses such as lack of support from the marketing department and poor design and quality of the products. ... They should be aware of different rules and regulations imposed by the government including the taxation policy. Since the Sportswear Company in China is itself manufacturing the products, there is possibility of unfavorable changes in political and trade relations between Singapore and China. The political instability in China, increase in labor costs, or unfavorable weather conditions could considerably get in the way of the production and the shipment of the products of the company, which would in turn affect their operations and financial results. Economic: The sportswear company is also affected by the economy of the country. The stability of interest rate in the country is also a significant factor which can have an impact. A high rate of interest will result in the fall of demand of the product making the borrowings expensive and savings attractive. On the other hand, a low rate of interest leads to increase in the inflation. The company should also take the tax into considera tion. Mainly the taxes are of two types namely direct and indirect. Direct tax cannot be avoided and it affects the personal disposable income. People can avoid Indirect tax such as VAT by not purchasing the products. The high rate of interest in China has led to the fall in the demand of the products in the last two years thereby resulting in the losses for the company. But with the improvement in the living standards of the people of China and also changes in their consumption level, sportswear companies are becoming popular among the people, thereby enhancing the businesses of sportswear manufacturing companies in China. Social: The company should also take into consideration the