Economic policy; Environmental policy; Federal government; Federal legislation; Government agencies; Natural resources; Society
This paper uses a Case Study method to examine the phenomena of cultural change within Commercial Fishing Communities (CFCs). Points of discussion include some of the basic principles of entrepreneurship such as risk, succession, and benefit to communities. Included is a focal discussion that reflects on past business models in comparison to newer possible models that detail the potential for extending the participation of family fishing business through innovation and diversity. A primary objective of this paper is to determine if alternate methods to govern a natural recourse are viable. This includes research of the effect of past, present, and proposed regulations on traditional business models. A secondary objective examines if the external driver of current government regulatory practices, (which evidence shows have moved an industry of what was once many small independent owners, towards fewer larger business) is a component of modern business evolution, or a deliberate act by various organizations to consolidate the wealth of a specific natural resource once shared by thousands.