Free Essay

Status of Sharks Stocks

In:

Submitted By kisslawsam
Words 1376
Pages 6
Name
Course Instructor
Course
Date of submission
Status of Shark Stocks Protection of all species in the ecosystem, especially the imperiled species, for reasons fundamental among them socioeconomic and environmental is crucial. Debate centering on whether the shark species is imperiled or not, has effects on allocation of funds meant for conservancy efforts. However, the agreement from both sides is on sharks importance and their sustainability as crucial. This expose elucidate positions informing both sides. Further, the expose will identify the most strongly supported side and identify probable lobbies that support either side. Baum and Myers used data on the number of catches to compare the amount of shark species captured in the 1950s and 1990s in addressing their decline in the Gulf of Mexico. They noted that, catches on the Whitetip shark, the most prevalent of the sharks in the 1950s, declined by 99%. Additionally, catches of the Silky and Dusty shark declined by 91% and 79% respectively (142). Thus, this decline historically reflects on the level of humanity’s exploitation, for instance, the disappearance of the Whitetip in the Gulf of Mexico. Effectively, the near disappearance of the species underlines an ecological shift on the pelagic baseline. In another study in the Northwest Atlantic, Baum et al. concluded that there was a 50% decline of all the recorded but one species of shark. This study focused a short period of 15 years between 1986 and 2000 (391). Effectively, the findings emphasized consideration of sharks as endangered species requiring conservatory efforts like any other protected marine predators. Importantly, the decline in the numbers of sharks in the Northwest Atlantic reflects a global phenomenon. Incidentally, consumers globally exert the same pressures on demand and thus overfishing in one part of the world represents a global trend. Both sides of the debate agree on progress in the study of demographic rates and shark population modeling. Thus, both sides agree that this progress ensures accuracy in establishing the status of the shark population. Burgess et al. pointed out that, studies by Baum et al. in 2003 and another one by Baum and Myers in 2004 overstated the decline in shark population. In this regard, Burgess et al. pointed out that, the two studies based their inferences on limited data sets that were inappropriate in estimating the abundance of shark population (“Is the collapse real?”). It is crucial to note that, these two studies were responsible in informing conservatory efforts meant to protect the shark. Burgess et al. further point out that, Baum et al. consideration of some data sets unsuitable while drawing their inferences was wrong and never considered increase of other shark species. (“Reply to Robust estimates”). Thus, discrediting some data sets makes the conclusions biased. Effectively, the establishment of a sharp decline in the number of sharks based on the set of data these researchers used was wrong. Furthermore, failure to use the set of data classified as unsuitable does not validate the other data used in making the conclusions. Thus, their findings posit that conservatory efforts are not essential since there are no threats on sharks.
Informed opinion From the foregoing, both sides raise valid points concerning data on the shark population. However, the issue centers on validity of the set of data used in drawing conclusions. Hence, the side opposed to imperiled sharks discredits the other in the debate by claiming that the set of data used to draw this conclusion was wrong. Nevertheless, the side advocating for conservancy efforts has an upper hand in the debate since it explains the reasons for discrediting some data sets. In this case, Baum, Kehler and Myers observed that, relative abundance indices, such as sampling data in a small geographical area, might adversely underestimate the extent of the declines in the shark population. In effect, this eventually makes the opposing side in the debate lack other basis to support their arguments. It is evident that, societies have moved beyond using fish for survival needs. This is a fact recognized by those identifying with a decline in shark population. As a result, human-fish interactions is not limited to food purposes only but also to angling and sport fishing. In addition, captured sharks are crucial laboratory experiments meant to benefit the human population. Hence, the shark population is on the decline based on these factors as the side advocating their conservation propose. On the other hand, capturing sharks is distressful and even inhumane to some people. Posner argued that, teleost fish, this is the class containing the shark species, has the ability to feel and experience pain. In effect, humanity should respect the shark species and every human being should support the conservation measures. On the other hand, Mackinnon opined that animals, fish included, had interests different from those of human beings and effectively their rights had to be protected (377). Every species is crucial for the ecosystem. Myers et al. noted that, impacts of eliminating top-predators, like sharks, in the ecosystem are far-reaching since they include a release of an intermediate predator from the control of another while subsequently introducing cascades of indirect trophic interactions (1848). Thus, humanity’s persistent exploitation of the sharks is a challenge to the ecosystem regarding its sustenance since sharks occupy the apex-predators position on these trophic interactions.
Probable Lobbies There are groups crucial for conservatory measures; they include Convention on International Trade in Endangered Species (Cites) whose aim is to protect species from extinction by their sale. On the other hand, the International Union for Conservation of Nature (IUCN) and The PEW Charitable Trusts, focus their efforts towards conservation and protection of endangered species. Another organization known as Save our Sharks devotes its operation to specifically conserve the sharks. In addition, the Humane Society of the United States of America and People for the Ethical Treatment of Animals (PETA) use their resources in promoting ethical practices on animals. On the other hand, these other three groups are useful in the opposing side of the debate. The first one is The Animal Attack files, associated with George Burgess, who opposes that sharks are imperiled. The other two other bodies namely; It’s Vivisection and Huntingdon Life Sciences advocate use of animals in experimental lab research. From the foregoing, the side opposing that sharks are imperiled do not use statistical data to put across their message. Their reliance on the data sets used by the side advocating for conservatory measures of imperiled sharks is proof they lack the capacity to prove that sharks are not in any danger. On the other hand, the side supporting this debate uses data sets to establish and correlate the fish population in certain periods. As a result, their conclusion that sharks are imperiled underscores the need for conservation measures to protect the available stock.

Works Cited
Baum, Julia K., Daniel G. Kehler, and Ransom A. Myers. Robust estimates of decline for pelagic shark populations in the northwest Atlantic Ocean and Gulf of Mexico. Fisheries. 30.10(2005): 27-30. Print.
Baum, Julia K., and Ransom A. Myers. Shifting baselines and the decline of pelagic sharks in the Gulf of Mexico. Ecology Letters. 7(2004): 135-145. Print.
Baum, Julia K., Ransom A. Myers, Daniel G. Kehler, Boris. Worm, Shelton J. Harley, Penny A. Doherty. Collapse and conservation of shark populations in the northwest Atlantic. Science. 299(2003): 389-392. Print.
Burgess, George H., Lawrence R. Beerkircher, Gregor M. Cailliet, John K. Carlson, Enric Cortes, Kenneth J. Goldman, R. Dean. Grubbs, John A. Musick, Michael K. Musyl, Collin A. Simpfendorfer. Is the collapse of shark populations in the northwest Atlantic Ocean and Gulf of Mexico real? Fisheries. 30.10(2005): 19-26. Print.
---. Reply to “Robust estimates of decline for pelagic shark populations in the northwest Atlantic Ocean and Gulf of Mexico. Fisheries. 30.10(2005): 30-31. Print.
Mackinnon, Barbara. Ethics: Theory and Contemporary Issues. California: Wadsworth Publishing, 2008. Print.
Myers, Ransom A., Julia K. Baum, Travis D. Shepherd, Sean P. Powers, and Charles H. Peterson. Cascading Effects of the Loss of Apex Predatory Sharks from a Coastal Ocean. Science. 315(2007): 1846-1850. Print.
Posner, Pam L. Pain and Distress in Fish: A Review of the Evidence. ILAR Journal. 50.4(2009): 327–328. Print.

Similar Documents

Premium Essay

The Red Dress Boutique

...16 January 2015 The Red Dress Boutique I first heard of The Red Dress Boutique while watching an episode of The Shark Tank, which airs on Friday night on NBC. Having never heard of this brand or company before, I was instantly intrigued by business partners and couple, Josh and Diana Harbour’s business strategy. In episode 605 of the Shark Tank which aired in the Fall of 2014, the Harbour’s detailed how their social media strategy has basically propelled The Red Dress Boutique to an annual revenue of over $7 million dollars. This business generated multi-million dollar revenue without spending a dime in marketing – and simply using social media – namely Facebook, as its primary marketing source. What makes The Red Dress Boutique stand out is the way they connect with potential customers via Facebook in general. Their Facebook page (https://www.facebook.com/TheRedDressBoutique) has nearly 1.4 million likes and on average they post 10-12 status or product updates daily. The staff at The Red Dress also does a fantastic job of engaging with customers in these status update threads by offering commentary on garment sizing, inventory alerts if a potential item is limited on stock and general styling ideas and product cross selling. The Red Dress Boutique not only engages and attracts potential customers selling via their Facebook page, they also have a very active Pinterest board as well (http://www.pinterest.com/Shopreddress/). While viewing their Pinterest...

Words: 443 - Pages: 2

Free Essay

A Gem of Study

...entrepreneurs get rich quick, but still others do it even while they're young. Quite a few of them are making their first million before they're even of legal drinking age. http://www.inc.com/john­boitnott/40­young­people­who­became­millionaires­before­they­were­20.html 1/6 19/01/2015 40 Young People Who Became Millionaires Before They Were 20 | Inc.com While most teens spend their youth honing work skills in entry-level jobs, whether that's slinging fast food or working retail, others get that spark to succeed at an early age. There's no shortage of useful advice out there to help even the very young make strong business decisions. There is also no minimum age to become a millionaire, as these "kids" know firsthand. From playing the stock market to starting up their own companies, check out these 40 teens who made millions before turning 20. 1. Ashley Qualls: The founder of WhateverLife.com got her ingenious idea back in 2004 when she was just 14. Meant to showcase her design skills, the site really took off when Qualls started doling out freebie MySpace layouts. An anonymous buyer offered her $1.5 million and the car of her choice, but she declined. 2. Juliath Brindak: She began creating sketched characters at age 10, and then developed a complementary social-media platform at 16. Her Miss O & Friends company is now worth an estimated $15 million, though Brindak gets most of her revenue from ads. 3. Sean...

Words: 2392 - Pages: 10

Premium Essay

Chapter 29 Mergers and Acquisitions

...production process stage than the bidder is called a _____ acquisition. a. conglomerate b. forward c. backward d. horizontal e. vertical Difficulty level: Easy CONGLOMERATE ACQUISITION a 6. The acquisition of a firm whose business is not related to that of the bidder is called a _____ acquisition. a. conglomerate b. forward c. backward d. horizontal e. vertical Difficulty level: Easy PROXY CONTEST b 7. An attempt to gain control of a firm by soliciting a sufficient number of stockholder votes to replace the current board of directors is called a: a. tender offer. b. proxy contest. c. going-private transaction. d. leveraged buyout. e. consolidation. Difficulty level: Easy GOING-PRIVATE TRANSACTION c 8. A business deal in which all publicly owned stock in a firm is replaced with complete...

Words: 5911 - Pages: 24

Free Essay

Work

...Race and Ethnicity Should racial profiling be a legitimate law-enforcement policy in some areas? Should Affirmative Action for state university enrollment be continued? Should the primary method of public school funding--property taxes in individual school districts--be amended to create more fairness in schools? Should high-school history classes and social-studies curriculum be changed to reflect diversity and multicultural perspectives? Should Christmas, Easter, and other religious observances be considered national holidays? If a university offers "African-American Studies" or "Black Studies" as courses, should it also offer "European-American Studies" or "White Studies"? How do certain television programs perpetuate racial or ethnic stereotypes? Should Columbus Day be discontinued in favor of a new post-colonial perspective? Should schools only purchase textbooks that offer revised or alternative histories of historical events? What should be done about racial disparities in the sentencing of criminals? Should the American government pay reparations and return land to Native Americans? Should hate groups have the right to distribute literature on university campuses? If research shows that certain racial or ethnic groups receive poorer medical care on average, how should this problem be corrected? Should governmental organizations have staffs that accurately reflect the racial, ethnic, and gender balance in society? Gender and Sexuality What should be...

Words: 4167 - Pages: 17

Free Essay

Environmental Law

...Coastal Resources Management, Policy and Planning In Bangladesh Md. Masudur Rahman, Zubair Ahmed Chowdhury and Md. Nasir Uddin Sada Department of Fisheries Bangladesh Rahman M.M, Z.A Chowdhury and M.N.U Sada. 2003. Coastal resources management, policy and planning in Bangladesh, p. 689 - 756. In G. Silvestre, L. Garces, I. Stobutzki, M. Ahmed, R.A. Valmonte-Santos, C. Luna, L. Lachica-Aliño, P. Munro, V. Christensen and D. Pauly (eds.) Assessment, Management and Future Directions for Coastal Fisheries in Asian Countries. WorldFish Center Conference Proceeding 67, 1 120 p. Abstract This paper reviews the coastal fishery resources of Bangladesh emphasizing the coastal environment, capture fisheries and management issues relative to the sector. Bangladesh’s Exclusive Economic Zone (EEZ) covers an area of about 166 000 km2. This area has abundant natural resources such as fish, shrimps, crabs and other marine products. Shrimp and fish trawling is the most important economic activity in this area. The fishery sector makes a significant contribution to the national economy in terms of foreign exchange, income generation and employment. It is very important in nutrition, especially in providing animal protein. In 1997 - 99, the marine fisheries sector contributed 22% of the total fishery production of 1 373 000 t. However, the resources are being destroyed in many ways. The fisheries resources have declined and fishers are getting poorer. The decline is partly due to estuarine...

Words: 38220 - Pages: 153

Premium Essay

Alibaba

...Wiki Loves Earth has come to Australia for the first time. Upload your photographs of our unique natural environment, help improve Wikipedia and win some great prizes along the way! ------------------------------------------------- Alibaba Group From Wikipedia, the free encyclopedia For the character from the Arabian folk tale, see Ali Baba. Coordinates: 30°11′31.12″N 120°11′9.79″E Alibaba Group Holding Limited | | Type | Public Company | Traded as | NYSE: BABA | Founded | 4 April 1999; 17 years ago Hangzhou, Zhejiang, China | Headquarters | Hangzhou, Zhejiang, China | Area served | Worldwide | Founder(s) | Jack Ma | Key people | * Jack Ma (Chairman) * Daniel Zhang (CEO) * Joseph Tsai (Executive vice-chairman) | Industry | Internet | Products | E-commerce, Online auction hosting, Online money transfers, mobile commerce | Services | Online shopping | Revenue |  CN¥76.204 billion (2015)[1] | Operating income |  CN¥22.716 billion (2015)[1] | Net income |  CN¥24.261 billion (2015)[1] | Total assets |  CN¥255.434 billion (2015)[1] | Total equity |  CN¥146.097 billion (2015)[1] | Employees | 34,985 (March 2015)[2] | Subsidiaries | Guangzhou Evergrande Taobao F.C., Taobao, Tmall,UCWeb, AliExpress | Slogan(s) | Global Trade Starts Here | Website | alibabagroup.com | Alibaba Group | Simplified Chinese | 阿里巴巴集团 | Traditional Chinese | 阿里巴巴集團 | [show]Transcriptions | | Alibaba Group Holding Limited is a Chinese e-commerce company...

Words: 5906 - Pages: 24

Premium Essay

Blackberry Takeover

...Legal Aspects of BLACKBERRY Takeover by FAIRFAX Legal Aspects of BLACKBERRY Takeover by FAIRFAX by by Anubhav Gaur SMBA12045 Section B Anubhav Gaur SMBA12045 Section B TABLE OF CONTENTS Acknoledgement Summary blackberry ltd. Section 1.1 : History Section 1.2 : Strategic Changes Section 1.3 : Success in Market place Section 1.4 : Changes in Financial Fortunes Section 1.5 : Financial Fortunes FAIRFAX LTD. Section 2.1 : Corporate Governance Section 2.2 : History Section 2.3 : Credit Ratings MERGERS & ACQUISATIONS Section 3.1 : Legal Structures Section 3.2 : Documentation Section 3.3 : Business Valuation TAKEOVERS Section 4.1 : Types Of Takeover Section 4.2 : Financing a Takeover Section 4.3 : Mechanics Section 4.4 : Strategies Section 4.5 : Agency Problems Section 4.6 : Pros & Cons Laws & Codes used during takeover Section 5.1 : City Code on Takeovers & Mergers Section 5.2 : Competetion Law Section 5.3 : Takeover Directives Section 5.4 : Companies ACT 1985 BLACKBERRY TAKEOVER REGULATORY APPROVAL COMPETETION COMMISION FOR TAKE OVER FCPA Section 8.1 : Provision & Scope Section 8.2 : History Section 8.3 : Requirements Section 8.4 : Application UK BRIBERY ACT TAKEOVER MECHANICS OF BLACKBERRY TAKEOVER CONCLUSION BIBLIOGRAPHY & REFERENCES ACKNOLEGDEMENT I take this opportunity to express my profound gratitude and deep regards to my guide Prof. Deepak Dayal for his exemplary guidance,...

Words: 23370 - Pages: 94

Free Essay

Gmat Verbal

...Practice Test #1 Sentence Correction 1. To meet the rapidly rising market demand for fish and seafood, suppliers are growing fish twice as fast as they grow naturally, cutting their feed allotment by nearly half and raising them on special diets. 2. Organized in 1966 by the Fish and Wildlife Service, the Breeding Bird Survey uses annual roadside counts along established routes to monitor changes in the populations of more than 250 bird species, including 180 songbirds. 3. Less than 35 years after the release of African honeybees outside Sao Paulo, Brazil, their descendants, popularly known as killer bees, had migrated as far north as southern Texas. 4. Excited about the prospects of harnessing Niagara Falls to produce electric power, Nikola Tesla, the inventor of alternating current, predicted in the mid-1890's that electricity generated at Niagara would one day power the streetcars of London and the streetlights of Paris. 5. The airline company, following through on recent warnings that it might start reducing service, announced that it was eliminating jet service to nine cities, closing some unneeded operations, and grounding twenty-two planes. 6. The list of animals that exhibit a preference for using either the right or the left hand (i.e., claw, paw, or foot) has been expanded to include the lower vertebrates. 7. Obtaining an investment-grade rating will keep the county's future borrowing costs low, protect its already-tattered...

Words: 9754 - Pages: 40

Premium Essay

Leadership

...Week 4 Print A | Given that people make the difference in how well organizations perform, assess how an understanding of organizational behavior concepts and theories is a useful knowledge base for career success and for improving an organization's effectiveness. | Key Concepts * Define organizational behavior and describe why is it important. * Analyze what organizations are like as work settings. B | Given the influence of factors such as values, attitudes, beliefs, feelings, and personality on individual behavior, demonstrate how knowledge of individual difference factors helps in understanding, predicting, and influencing individual behavior. Use a diagnostic instrument, such as the Life Styles Inventory (LSI) to assess your personal thinking and behavior styles and their role in accomplishing self-improvement goals. | Key Concepts * Describe the nature of managerial work. * List the individual differences and how they impact performance. * Define value differences among individuals. * Define emotions and attitudes. * Analyze job satisfaction and why it's important. * Describe personality types and how they differ. * Learn how to manage diversity and individual differences, and why this is important. The High Performance Organization Visionary Leadership | A Culture of Accountability | Affinity for Risk | Strategic Agility At the heart of the high performance organization (HPO) is people—in particular, leaders who model...

Words: 9996 - Pages: 40

Free Essay

A New Credit Scheme for Fisheries Sector

...|ABC BANK PLC | |PROPOSED CREDIT SCHEME FOR FISHERIES SECTOR IN SRI LANKA | | | | | | | |BY S K DESHAN MILINDA | | | |Date: 10/17/2012 | | | Table of contents: Introduction ……………………………….. 02 Fishing Societies ……………………………….. 03 Production & domestic market ……………………………...... 04 Consumption ………………………………... 05 Export & Imports ………………………………... 06 Social Welfare ………………………………... 07 Credit schemes by other banks ……………………………….... 08 Government Policy ...

Words: 3140 - Pages: 13

Premium Essay

Mergers and Acquisitions Basics

...Mergers and Acquisitions Basics Mergers and Acquisitions Basics All You Need To Know Donald DePamphilis Amsterdam • Boston • Heidelberg • London New York • Oxford • Paris • San Diego San Francisco • Singapore • Sydney • Tokyo Academic Press is an imprint of Elsevier  Academic Press is an imprint of Elsevier 30 Corporate Drive, Suite 400, Burlington, MA 01803, USA Elsevier, The Boulevard, Langford Lane, Kidlington, Oxford, OX5 1GB, UK Copyright © 2011 Elsevier Inc. All rights reserved No part of this publication may be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopying, recording, or any information storage and retrieval system, without permission in writing from the publisher. Details on how to seek permission, further information about the Publisher’s permissions policies and our arrangements with organizations such as the Copyright Clearance Center and the Copyright Licensing Agency, can be found at our website: www.elsevier.com/permissions. This book and the individual contributions contained in it are protected under copyright by the Publisher (other than as may be noted herein). Notices Knowledge and best practice in this field are constantly changing. As new research and experience broaden our understanding, changes in research methods, professional practices, or medical treatment may become necessary. Practitioners and researchers must always rely on their own experience and knowledge...

Words: 105288 - Pages: 422

Premium Essay

Mergers and Acquisitions

...Mergers and Acquisitions CHAPTER 21 OPENING CASE I n April 2007, Netherlands-based ABN AMRO and U.K.-based Barclays announced a merger that would create the world’s largest asset manager as well as one of the world’s five largest banks. The value of the deal was about €67 billion ($91.07 billion). Under the terms of the merger, Barclays would offer 3.225 shares of the new company for each share held by ABN AMRO shareholders. Also, ABN AMRO agreed to sell LaSalle Bank to Bank of America for $21 billion, which would result in a €12 billion distribution to shareholders. How do companies like ABN AMRO and Barclays determine whether a merger is a good idea? This chapter explores reasons that mergers should take place, and, just as important, reasons why they should not. There is no more dramatic or controversial activity in corporate finance than the acquisition of one firm by another or the merger of two firms. It is the stuff of headlines in the financial press, and it is occasionally an embarrassing source of scandal. The acquisition of one firm by another is, of course, an investment made under uncertainty, and the basic principles of valuation apply. One firm should acquire another only if doing so generates a positive net present value for the shareholders of the acquiring firm. However, because the NPV of an acquisition candidate can be difficult to determine, mergers and acquisitions, or M&A activities, are interesting topics in their own right. Some of the special...

Words: 14756 - Pages: 60

Free Essay

Management

...* Question 1 0 out of 10 points | | | A Ponzi scheme is characterized by: I. an investment whose growth is financed by high returns on its investment. II. an investment whose growth is financed by new clients who give money. III. an investment that relies on receiving funds from nonprofit institutions. | | | | | Selected Answer: |  [None Given] | Answers: | A. I only | | B. II only | | C. III only | | D. I, II, and III | | | | | * Question 2 0 out of 10 points | | | Reasons why indirect finance is so important include: | | | | | Selected Answer: |  [None Given] | Answers: | A. the persistent increase in the cost of stocks. | | B. the fact that banks provide liquidity to depositors. | | C. the fact that banks increase transaction costs for savers. | | D. the fact that banks increase transaction costs for investors. | | | | | * Question 3 0 out of 10 points | | | The free-rider problem arises: | | | | | Selected Answer: |  [None Given] | Answers: | A. when people benefit from a good without paying for it. | | B. only when markets are perfectly competitive. | | C. if labor unions are strong. | | D. when a country is expanding. | | | | | * Question 4 0 out of 10 points | | | A project pays $125 with a probability of 0.75 or pays $90. What is the expected value of this project? | | | | | Selected Answer: |  [None Given] | Answers: | A. $116.25 | | B. $93.75...

Words: 26867 - Pages: 108

Premium Essay

Federal Reserve

...States to blame. People never think of the big picture, yes the United States is in a ton of debt, but why? Moreover, how did the debt even start? That should be the question people need to be asking; instead of pointing fingers on a situation that the people know so little about. It all begins at the Federal Reserve, as Ron Paul said “To understand what is wrong with the Federal Reserve one must know the nature of money.” Background Few may ask, what is the Federal Reserve? Created in Dec. 23, 1913, the Federal Reserve, also known as the “FED” is the central banking system of the United States. Due to the financial panic in 1907, also known as the 1907 Bankers Panic, there was a huge financial scare for the U.S economy. The New York Stock Exchange fell about 50 percent from its peak in 1906, the following year the big panic arose. The economy fell dramatically and spread throughout the nation causing many banks to claim bankruptcy. Without a central bank to liquefy the market, many wealthy people including J.P Morgan, put large sums of their own money in the market, keeping the economy from going under. The following year, the Congress issued an Act called the, Federal Reserve Act. The Federal Reserve Act is an agreement that created the beginning of the Federal Reserve; the act said that the central bank would be in control of all of the money and being able to issue currency that is now known as the American dollar – (Wikipedia). When the Federal Reserve was created by...

Words: 3531 - Pages: 15

Premium Essay

Nordstrom: Balancing Sales with Employee Satisfaction

...Nordstrom: Balancing Sales with Employee Satisfaction Team Seven Andrea Boras Chinny Eneh Dylan Trenhaile Jim Le Matt Macleod Oluwayemisi Dipeolu University of Lethbridge Nordstrom: Balancing Sales with Employee Satisfaction Nordstrom is an upscale fashion specialty retailer based in Seattle. From its humble beginnings in 1901, John. W. Nordstrom has created a dynasty and currently operates 121 full line stores operating in Canada and the United States (Nordstrom, 2015). They operate through two different segments: retail and credit. The retail segment, which will be the focus of this study, consists of: full line stores, rack stores, its online store, and other retail channels. The credit segment consists of providing a private credit card, two visa cards and a debit card through its wholly owned federal savings bank (Reuters). Nordstrom pioneered the concept of department store commission selling, introducing it in the 1960s. The company prides itself on creating a culture that enables their employees to be extremely entrepreneurial while remaining intensely loyal to the company (Baker, 1990). Most of Nordstrom customers, along with their competitors, recognize that Nordstrom has top-tier customer service and a very competitive return policy. That same return policy comes with a cost, particularly for the sales associates as their commissions are negatively impacted by clients returning items in the future. In addition, the high emphasis placed on customer service...

Words: 4018 - Pages: 17