Preview

assignments

Satisfactory Essays
Open Document
Open Document
411 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
assignments
Chapter 3 Case Synopsis: A Steely Resolve Nucor is a steel manufacturing company that makes steel by recycling used metals and reforming them into new beams and sheets. Nucor has long had a reputation as a good place to work, although its human resource management policies have generated some controversy. Employees are paid by how much they produce, the more they produce the more they make. Yearly bonuses are based on overall company performance. Employees can choose how hard they work and have a good deal of decision making authority. The company gives employees final say on issues such as halting the process when an error is detected or a possible equipment failure may occur. Further, employees have a significant voice in matters of company policy that affect them. The company has a no-layoff policy, but employees feel the effects of a recession in their paychecks. The current recession has reduced orders at Nucor by 50%, which means employees are seeing up to a 46% reduction in their take-home pay, a bite that most of them cannot afford. Nucor is using this slow period to catch up on and get ahead of maintenance, to write and revise safety manuals and to replace contract companies who did work such as landscape care and janitorial service with regular Nucor employees. By doing these things they help sustain their employees through this difficult time and they prepare their manufacturing plants to gear up quickly to meet increasing demand as the recession ends. Nucor has traditionally enjoyed extremely loyal employees, and they hope that loyalty will sustain the company through this downturn and will celebrate with the company as the economy recovers. Questions:
1. What factors likely contribute to employees’ job satisfaction and organizational commitment at Nucor? 2.How would you describe Nucor’s organizational culture? 3. What terminal and instrumental values do you think are important in Nucor’s

You May Also Find These Documents Helpful

  • Good Essays

    Assignment

    • 1088 Words
    • 4 Pages

    Land trusts, also known as conservancies, are not-for-profit organizations dedicated to protecting wildlife habitat and natural lands by acquiring ownership rights and transfer of development rights (conservation easements) either thru donation or purchase. This series of Term Projects follows a small land trust through the process of budgeting. Term Project I requires students to develop and analyze an annual line-item budget and translate that budget, and additional information, into a quarterly cash budget. Term Project II requires students to convert the line-item budget into a functional budget. Further information is employed by students to create a flexible budget. Actual numbers have been obscured while remaining true to the problems faced by the organization.…

    • 1088 Words
    • 4 Pages
    Good Essays
  • Satisfactory Essays

    Some of the potential needs of the company’s employees are that employees are priority for the company and that company take full responsibility of provide them with necessary equipment/gears for employee’s safety while they are performing their duties. Also the there will be jobs cut off; all miners are keeping their jobs. And company is also taking full responsibility for medical expenses.…

    • 483 Words
    • 2 Pages
    Satisfactory Essays
  • Powerful Essays

    Nucor Corporation Issues

    • 1612 Words
    • 7 Pages

    Nucor Corporation is made up of 11,500 teammates whose goal is to "Take Care of Our Customers." We are accomplishing this by being the safest, highest quality, lowest cost, most productive and most profitable steel and steel products company in the world. We are committed to doing this while being cultural and environmental stewards in our communities where we live and work. We are succeeding by working together.…

    • 1612 Words
    • 7 Pages
    Powerful Essays
  • Satisfactory Essays

    assignment

    • 328 Words
    • 2 Pages

    How do you feel about a boss who makes the strong connections with their staff and…

    • 328 Words
    • 2 Pages
    Satisfactory Essays
  • Powerful Essays

    Nucor Case

    • 2754 Words
    • 12 Pages

    When Iverson and Sam Siegel, Financial Vice President, initially assumed leadership roles, they exhibited the AI Autocratic style at individual and group level in selling off many wide‐ranging operations to focus on one area. They also made the decision to move corporate headquarters to where it is even today, Charlotte, NC. From that point leadership has continued to have a basis in the group with Nucor employees empowered to make decisions that will benefit the organization. Nucor Steel‘s leaders also exhibited other Vroom ‐Jago leadership styles as they evolved to the present day. Iverson installed radical concepts giving employees better pay and real power…

    • 2754 Words
    • 12 Pages
    Powerful Essays
  • Good Essays

    Safety is the primary concern at Alcoa, and this is important not only to their reputation but also to its employees. In the 12-month period ending in April 2009, Alcoa’s lost workday rate was 0.118. This was a stifling rate that was rapidly closing the gap with DuPont, which was considered the benchmark in safety among American companies (Lawrence & Weber, 2011).…

    • 691 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    assignment

    • 1220 Words
    • 5 Pages

    Your company president tells you not to hire any gay or lesbian employees to work as part of his office staff because it would make him uncomfortable.…

    • 1220 Words
    • 5 Pages
    Powerful Essays
  • Powerful Essays

    Nucor at a Crossroads

    • 11800 Words
    • 48 Pages

    On December 7, 1986, F. Kenneth Iverson, chairman and chief executive officer (CEO) of Nucor Corporation, awaited a delegation from SMS Schloemann-Siemag, a leading West German supplier of steelmaking equipment, at his company’s headquarters in Charlotte, North Carolina. Iverson had to decide whether to commit Nucor to a new steel mill that would commercialize thinslab casting technology developed by SMS. Preliminary estimates indicated that the mill would cost $280 million, and that start-up expenses and working capital of $30 million each would push the total cost to $340 million, or nearly as much as Nucor’s net worth. Successful commercialization of thin-slab casting would let Nucor enter the flat sheet segment that accounted for half the U.S. market for steel. SMS’s compact strip production (CSP) process was, however, just one of several competing, commercially unproven thin-slab casting technologies, all of which might be leapfrogged by the turn of the century. As Iverson wrestled with these trade-offs, he reviewed the state of competition in the U.S. steel industry in general and Nucor’s position within it in particular.…

    • 11800 Words
    • 48 Pages
    Powerful Essays
  • Good Essays

    assignment

    • 669 Words
    • 2 Pages

    I confirm that I am currently meeting the pre requisites for E105 as set out in the pre registration information for students and have a valid agreement with the confirmers form. For this TMA I have only used materials drawn from the setting identified on my employers permission agreement form. In this TMA I have adhered to the E105 ethical guidance by receiving permission from my manager to discuss the setting, staff and pupils in a confidential manner. Not naming or changing the names of any individuals in such a way that maintains confidentiality.…

    • 669 Words
    • 2 Pages
    Good Essays
  • Satisfactory Essays

    Costco Swot Analysis

    • 508 Words
    • 3 Pages

    environmentally friendly, a huge worldwide concern these days. Nucor is always moving and always improving its business cycle through the use of continuing innovation. (McLean, 2009)…

    • 508 Words
    • 3 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Nucor Case Analysis Essay

    • 413 Words
    • 2 Pages

    Nucor resources are considered to be the same as any other steel company (equipment, plants, employees, etc.). But to be considered the most cost efficient steel maker in the United States is a different conversation. Nucor manages their resources extremely well from control system, to the company’s culture that promotes efficiency. Management relations are described as “informal, trusting, and non bureaucratic”, that is a winning combo for a company. Another source of success was Nucor’s ability to stop equalizing freight, giving customers price plus shipping.…

    • 413 Words
    • 2 Pages
    Satisfactory Essays
  • Powerful Essays

    Upon Review of Nucor Corporation’s current findings, analysis of internal strengths and weaknesses, as well as a comparative analysis at the industrial level of the steel industry, the following includes a summary of findings and recommendations for Nucor Steel Corporation:…

    • 9373 Words
    • 38 Pages
    Powerful Essays
  • Powerful Essays

    This may allow us to trace back to the old NCR’s organizational culture. As Thomas, David C (2003, p93) points out that NCR was a company which appeared to cultivate traditional values of being caring and family-like. This have been demonstrated by the fact that there were people who have been working in there as engineers since they graduate from school and had never left the company and as it was mentioned before…

    • 1680 Words
    • 7 Pages
    Powerful Essays
  • Satisfactory Essays

    Assignments

    • 524 Words
    • 3 Pages

    I, Prof. Melanie Andrade, hereby certify that Mr. Trevin Pereira of St. Andrew’s College of T.Y.B.M.S. has completed his project, titled ‘Mobile Marketing’ in the academic year 2012-13. The information submitted herein is true and original to the best of my knowledge.…

    • 524 Words
    • 3 Pages
    Satisfactory Essays
  • Good Essays

    Assignments

    • 1120 Words
    • 5 Pages

    Dear Student' EEG-O1/BEGE-101, which You will have one assignment for the Elective Course in English It will be based on will be a Tutor Marked Assignment (TMA) and will carry 100 marks. blocks I to 7. and your Aims: This assignment is concerned mainly with assessing your application to reproduce chunks of understanding of the course material. You are not required skills and critical appreciation information from the course material but to use the language assignment aims to teach as well that you may have acquired during the course of study. This as to assess Your Performance. instructions Instructions: Before attempting the questions, please read the following carefullY. in the Programme Guide for Read the detailed instructions about the assignment given 1.…

    • 1120 Words
    • 5 Pages
    Good Essays