Management . book Hidden value Assignment Example | Topics and Well Written Essays - 500 words

Management . book Hidden value - Assignment ExampleStarting employees are usu everyy young, immigrants, or those with the difficulty obtaining work. 66% of those populate are usually female. Low wages and low skill indexes are expected, turnover is endemic. Mens Warehouse, however, chose to do things a little differently, which has maintain them as a paid industry during a time when most of the industry is failing.Mens Warehouse targets the middle income and the fact that men do not like to shop. Their prices are below mediocre and they use a everyday low pricing strategy. Their philosophy is one of the worldview. They intend they are in the people business and that their companys job is to help oneself people understand others, listen better, and develop excellent skills in order to help themselves and their teammates. In other words they attempt to help each psyche achieve their potential. Potential include such things as being a better spouse being a better parent and fulfil ling their desires at work.With the tolerant of philosophy that Mens Warehouse has, the readying also has to be somewhat different. In this case they have very little training budget. They do however believe in the power of untapped human potential. When they ranked the importance of stakeholders and their company, employees are ranked first. Following employees come customers, vendors, and shareholders. The company believes in promotion from within and all of the senior executives have been with the company a long time. The average tenure is 10 to 15 years. Management development is done through a two layer system. District managers are also trainers. The company has many training and on-site meetings throughout the year, they seldom if ever use any outside training people. They also provide to learning Universities for their employees. In interesting factor is that much of the training is also done by senior executives.Performance management is outstanding to them. They did th is through a number of constructive