Management policy of Penney company in the United States

Penny's business policy is different, which is also an indispensable condition for his success. James Penny obtained the necessary financial resources and management personnel by joining the "Partners Association". Because the manager of each store can accumulate enough capital from the income outside the store; If he trains an employee to participate in the selection and effective management of a new store, he can buy shares in this new store 1/3. Penny must also provide the human resources needed for the development of the company, so that every manager can select the most qualified employees and let them receive the best possible training. The profits of these stores are often invested in companies, either to repay the interest of partners or to invest in new wholesale stores.