The video discusses the importance of corporate responsibility in promoting diversity and inclusion, particularly for Black entrepreneurs. It highlights the challenges faced by Black business owners in raising capital and the need for systemic change in corporate hiring practices. The fashion industry is used as a case study to illustrate the lack of diversity at executive levels and the need for educational programs. The video concludes with a call for long-term partnerships between large corporations and Black-owned businesses to ensure lasting change.

What is the primary action companies should take to address racial inequality?

• Expand their product lines

• Hire more employees

• Focus on internal and external communication

• Increase their marketing budget

What is a significant challenge faced by black entrepreneurs, especially women of color?

• High competition

• Limited market access

• Difficulty in raising capital

• Lack of creative ideas

What change is suggested for big fashion companies to promote racial equality?

• Reducing product prices

• Hiring black people at executive levels

• Outsourcing production

• Increasing advertising campaigns

What initiative is the Council of Fashion Designers of America taking to promote diversity?

• Launching a new fashion line

• Creating an employment program for black people

• Organizing fashion shows

• Offering discounts on products

How can large corporations ensure long-term change in supporting black-owned businesses?

• By reducing their workforce

• By offering short-term contracts

• By investing in black-owned businesses

• By focusing on traditional markets