Harvard Business School 9-793-039 Rev. January 20‚ 1998 DO Nucor at a Crossroads 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
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Nucor at a Crossroads On December 7‚ 1986‚ F. Kenneth Iverson‚ chairman and chief executive officer (CEO) of Nucor Corporation‚ awaited a delegation from SMS . Iverson had to decide whether to commit Nucor to a new steel mill that would commercialize thin-slab casting technology developed by SMS. Preliminary estimates indicated that the mill would cost $280‚ and that start-up expenses and working capital of $30 million each would push the total cost to $340 million. Successful commercialization
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NUCOR CASE In this analysis we use the Net present value to consider if Nucor should invest in the new technology called: thin slab minimill. NPV is really useful in order to make this kind of decision because it uses the concept of future cash value to evaluate whether the investment is worth‚ however the NPV is sometimes difficult to calculate because it is not always easy to estimate future cash flow. Considering the assumption I made in the first part of the spread sheet‚ the thin slab project
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SWOT Analysis-NUCOR Strengths * Nucor holds a leading marketing position in North America in the steel producing industry. In 2011‚ Nucor held the most shares in the markets for rebar steel‚ cold finished steel‚ structural steel‚ steel joist‚ and rebar fabrication. * Nucor is North America’s largest steel recycler. The company uses scrap steel to produce steel products. Nucor’s recycling efforts lead to higher efficiency and better productivity. * Nucor is known for producing new
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‘Scrooges decision to change his way of life is purely selfish’ Do you agree? Charles Dickens’ A Christmas Carol is a moral tale that depicts the protagonist’s Ebenezer Scrooge’s moral journey from selfishness to redemption. It can be seen that his new found way of life is derived from the desire to be a good man of the community and to assist others such as Tiny Tim. The idea of Scrooge’s transformation not being selfish can also be seen in his aspiration to contribute to the wider community
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MONEY IS THE ROOT OF ALL EVIL. DO YOU AGREE? Money is the instrument of exchange. It helps in buying and selling and also in fixing a value on things or services. It may be in metal or in paper. Money is always said to be the root of all evil‚ but I not agree with it. The money is said to be the root of evil because man have a wrong usage on it. Actually‚ money is just a medium of exchange. Money does not have brain to think how to hurt people. It is the thought of human that used money as a
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All organisms must have adaptations to survive. The adaptations that organisms develop help them to survive in their environments and then are passed down through reproduction. The genes are passed to future generations and adaptations continue to occur over long periods of time. Nature Works tells us‚” animals that are better adapted to their environment survive and breed. Animals that are not well adapted to an environment may not survive.” There are three types of adaptations that can occur: morphological
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4. What type of strategy has Nucor followed? Which of the five generic strategies discussed in Chapter 5 is Nucor employing? Is there any reason to believe that Nucor has achieved a sustainable competitive advantage over many of its steel industry rivals? Is so‚ what type of competitive advantage does Nucor enjoy? Since F. Kenneth Iverson took the role of CEO at Nucor‚ he guided the company to work under a focused low-cost leadership strategy‚ with great focus in high quality and employing state-of-the-art
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Capital Punishment is always wrong‚ do you agree? A Christian would agree as they believe all life is sacred and only god can choose when your life ends‚ he will punish you in hell for your sins and it is not the place of the government to decide whether you are killed or not. This is because in the bible it says “Do not kill” which is one of the Ten Commandments which are not to be disobeyed‚ they also believe in forgiveness and love which are the fundamentals of their religion therefore criminals
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Nucor Corporation Introduction Nucor Corporation‚ the largest U.S. mini-mill‚ continues to gain market share in flat roll and strip steel. Recent successful acquisitions‚ application of new technologies‚ prospects for global growth‚ a strong balance sheet‚ as well as improved economic outlook for the steel industry‚ make Nucor an attractive buy with a near term stock price target of $65 to $70. Background Nucor Corporation (NUE) was founded by auto manufacturer Ranson E. Olds. Through a
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