Case Background The Industry Nucor Corporation has been moving in a very challenging industry which has faced various problems in recent years. The steel industry experienced slowed demand for steel which resulted from substitution of alternative materials. Furthermore‚ it also had to cope up with increased foreign competition and strained labor relations. But despite all these obstacles‚ Nucor Corp. still managed to have a five-year sales growth average of 23%‚ which is 11 percentage points
Premium Management Steel
Nucor Corporation (A) We are a cyclical business... Basically when you are at the peak of the cycle—times are good‚ interest rates are low‚ people are building—our margins increase. When we go to the trough‚ of course‚ the margins are squeezed. But over the last 25 years Nucor has never had a losing quarter. Not only a losing quarter‚ we have never had a losing month or a losing 1 week. —John D. Correnti‚ President and CEO‚ Nucor In 1998‚ Nucor was a Fortune 500 company with 6‚900 employees
Premium Steel
Courses of Action 18 5. Plan for Implementation 18 1. Identification of a Significant Strategic Issue (Nucor distinguishes itself from the rest of the steel industry with its use of scrap steel‚ a fact that makes Nucor the largest recycler in the nation.[25] Furthermore‚ the company uses modern steel making techniques allowing Nucor to employ fewer workers. The workers that Nucor does employ are all independent of unions; these workers have a vested interested in the productivity of the company
Premium Steel Pig iron Steelmaking
Diversification Strategies BUS 508 Contemporary Business Seena S. Nelms Strayer University Diversification Strategies What is diversification? According to the Merriam-Webster Dictionary online‚ diversifications means to produce variety or to engage in varied operations. Diversification is a strategy that takes companies into new markets with new products and services to increase their profitability. Some corporations have diversified and succeeded‚ while other have
Premium
INTERNATIONAL BUSINESS SCHOOL UNIVERSITI TEKNOLOGI MALAYSIA CITY CAMPUS‚ KUALA LUMPUR HUMAN RESOURCE MANAGEMENT GROUP ASSIGNMENT Case 3: The Art of Motivation NUCOR LECTURER: ASSOC. PROFESSOR DR ROSMINI OMAR |CHAN LI WUEN |MR 091104 | |rashidah yusof khan
Premium Natural gas Steel Coal
Nucor at a Crossroads Background of the US steel industry In 1986 total domestic steel consumption in US was 90 million tons‚ this comprised of 69 million tons of domestically produced steel and 21 million tons imported. Post 1979‚ the demand for steel started falling year on year due to stagnation of many steel-intensive industries‚ particularly construction and availability of substitutes such as aluminium‚ plastics and advanced composite. US Steel makers | Integrated | Mini mills |
Premium Steel Capitalism Steelmaking
Individual Case Analysis BUS490 Comprehensive Examination Nucor Steel Corporation Written by: Lukas Kubilius Professors: Bonnie J. Straight Julian J. Prewitt Lithuania Christian College 2 March 2005 Overview of situation Nucor Corporation with 24 plants/divisions and 8‚000 employees‚ operated in nine states recycling more than 10 million tons of scrap steel annually. Producing carboy and alloy steel in bars
Premium Profit margin Steel Profit
Summary Nucor is an industrial steel company headquartered in Charlotte‚ North Carolina. They are aninnovative and lean company operating with safety in mind and a goal of returning investmentsto stockholders. There management system is extremely lean and consist of 5 levels. Nucor is a highly segmented and independent company. They benefit from each manager operating there segment as its own business entity. This prospective allows Nucor to maintain ahigh degree of entrepreneurship throughout its
Premium First-mover advantage Strategic management Management
Diversification Strategies Diversification is a risk that companies have to take in order to stay competitive in it’s changing market. Some companies have been successful diversifying their business‚ and in opposition there are other companies that in the process of expanding their business have not succeeded. For the purpose of this report‚ I will use the “Sara Lee Corporation” as a successful company throughout its diversification strategies. On the other hand‚ I would use Ebay as an example
Premium
The diversification of beetles may be driven by feeding strategy. Feeding on plants‚ specifically flowering plants (angiosperms)‚ further explains the diversity of beetles. One reason behind why switching to angiosperms improves diversification is because angiosperms provided beetles a starter to new niches. Some beetles diversified into lineages that specialize on feeding different parts of the pants (roots‚ seeds‚ leaves). This diversification in one habitat would then constitute adaptive radiation
Premium Beetle