Title: Nordstrom - Dissension In The Ranks

Essay Details

Subject: Business
Author: Derek D
Date: August 5, 2017
Level: University
Grade: A
Length: 3 / 615
No of views: 0
Essay rating: good 0, average 0, bad 0 (total score: 0)

Essay text:

The first is that money does not motivate employees. The second, and more prominent criticism is that it is difficult (if not impossible) to design an effective incentive compensation plan. Overall, incentive plans have survived for a long period of time in the marketplace and this suggests that the ultimate benefits outweigh the cost...

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In the case of Nordstrom’s, its management philosophy is to allow local Managers to apply specific knowledge to operate stores. Nordstrom’s philosophy allows local Managers to buy product and stock stores based upon the trend within a certain area in an effort to extract higher profits by differentiating product lines versus offering standard lines that would appeal to broad markets...

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