case study “Nucor in 2009”‚ Nucor’s business strategy can be categorized as cost leadership. There are clear evidence in the case that shows Nucor using an integrated set of actions to produce at the lowest cost‚ while still maintaining an acceptable level of quality compared to their competitors. In this critique‚ the Value-chain model will be used to illustrate how Nucor aligns their activities to this business strategy. I/ Primary structure Regarding Inbound Logistics‚ Nucor has a highly
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Performance Measurement‚ Nucor’s case study 1.Nucor performed very well because of choice of a successful strategy. The most significant part of it from the corporation’s point of view is that every plant worked as a single company. They had to show reports to the headquarters but all everyday events had to be solved inside the plant. It allowed the company to react fast for local changes. Another important point in the strategy is the level of wages. Basic payment of managers was quite low. They
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alternative to petrol-based vehicles (Better Place 2012). Due to various factors‚ Better Place was forced to file for bankruptcy in May 2013. This paper will analyse the behavioural approaches taken by Better Place focussing specifically on ideas by Abraham Maslow‚ a humanistic psychologist‚ who was a renowned for his hierarchy of needs theory. Several recommendations will be provided on how Better Place could have avoided their demise based on Maslow’s theory. The behavioural approach is the sole emphasis
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explain the specific policies and operating practices that Nucor has employed to implement and execute its chosen strategy. Include Tawhidic paradigm in your explaination. Pursue and implement cost-saving technologies: Nucor purchasing existing plant capital rather than building new capacity‚ provided the acquired plants could be bought at the bargain prices‚ economically retrofitted with new equipment and then operated at cost comparable. Nucor successes in pioneering new technology and become the world’s
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is a theory in psychology proposed by Abraham Maslow in his 1943 Paper “A Theory of Human Motivation” Maslow wanted to understand what motivates people. He believed that individuals possess a set of motivation systems unrelated to reward or unconscious desire. Maslow stated that people are motivated to achieve certain needs. When one need is fulfilled a person seeks to fulfill the next one‚ and so on. The earliest and most widespread version of Maslow ’s hierarchy of needs includes five motivational
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Maslow Maslow’s Hierarchy of Needs is a diagram created by Abraham Maslow. is one of the best-known theories of motivation. Created by psychologist Abraham Maslow‚ the hierarchy is often displayed as a pyramid‚ with the most basic needs at the bottom and more complex needs at the peak. Maslow believed that humans communicate to fulfill many of our basic needs. Maslow felt that our basic needs must be met before we are
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Abraham Maslow (1954) attempted to synthesize a large body of research related to human motivation. Prior to Maslow‚ researchers generally focused separately on such factors as biology‚ achievement‚ or power to explain what energizes‚ directs‚ and sustains human behavior. Maslow posited a hierarchy of human needs based on two groupings: deficiency needs and growth needs. Within the deficiency needs‚ each lower need must be met before moving to the next higher level. Once each of these needs has been
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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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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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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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