Men's Wearhouse Case Study

3956 WordsApr 4, 201316 Pages
Case Study: Men’s Wearhouse: Success in a Declining Industry Group Two James Ewing David Feuerhak Tammy Hager Steven Harvard Vicki Hood Bryan Hubbard Human Resource Management - BUSI-342-D01 Professor Dave Calland August 12, 2011 Abstract The following collaborative project provides an analysis of the 2005 Men's Wearhouse case study authored by Jeffrey Pfeffer, which details the successes of the Men's Wearhouse in a declining market. Since the 2007 economic austerity that rattled the global business markets, many businesses struggled to survive. In the men’s clothing line, some businesses failed to survive; many, like the Men’s Wearhouse found their way back to prosperity. Moving forward, businesses would benefit analyzing the practices of the Men’s Wearhouse, The purpose of this project is to provide a brief overview and highlight some of the key concepts that Men’s Wearhouse founder, George Zimmer established to produce a healthy, vibrant company. Further, this analysis delves into some of the practices of the Men’s Wearhouse that draws concern and suggestions are offered for improvement. Overview Founded in 1973, the Men’s Wearhouse continues to thrive in the competitive clothing market. Starting with only $7,000 in assets, founder George Zimmer opened the doors to one of the most profitable men’s clothing retailers in the United States. Thirty-seven years later, the Men’s Wearhouse assets totaled 1.2 billion (Men's Wearhouse, 2010, p. 26). The secret behind Zimmer’s continued successes in his management of the Men’s Wearhouse is his belief in human potential. George Zimmer strongly believed in the idea of tapping untapped human potential as a key to success, not only for the Men’s Wearhouse but for business in general, and saw the difficulty of quantifying

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