Nordstrom Payment Method

Student Name: Jose A Ruiz Course: Accounting 5311 instructor: Dr. Karl Putnam Due Date: 11-22-2010 Term paper: Nordstrom Payment method ethics Section: Union Carbide Bhopal Plant For several decades Nordstrom has been a leader and shorten striationter within the retail course sector. Along with uncommon and upscale clothing the store has set itself apart with its magnificent customer process that has given the lodge a warring advantage against similar competitors. In pitch for the company to take note such a highschool standard in customer service an employee final payment corpse was put into place in the mid 1960s. This system has kept up(p) and even im prove the aim of customer service besides it has also created a ostracise working environment in which competitive driven employees enlarge while many others retrieve cheated and left behind. Although this approach has proved to be successful line of work wise it has also created a backlash of stinky media for the company. The reward system is not bad by design save its major flaws reside in the application of the system by middle management. John W. Nordstrom founded Nordstrom in 1901 as a brake shoe store oriented to women shoppers. by the years the company has diversify and has become one of the steer retailers of high end apparel, lieu and accessories.

By the end of 1989, Nordstrom department stores sales were close to $3 billion with one of the highest pull in margins in the industry. Nordstrom which went humans in 1971 (NYSE: JWN), has been managed by the Nordstrom family, who until present twenty-four hour breaker point still own about half of the company . The family has maintained the philosophic! al system of the companys founder: offer the customer the trounce in service, selection, quality, and value. This philosophy has helped Nordstrom gain a goodish market share while enjoying over 20 years of uninterrupted earnings growth [Stevenson 1989]. During the 1980s Nordstrom customer service was considered the undisputed leader in the retail industry....If you postulate to lend a full essay, order it on our website: OrderEssay.net

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