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
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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
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The U.S. steel industry is comprised of three distinct groupings of companies – integrated steelmakers‚ minimills‚ and specialty steelmakers. The main difference between them is the stark divide in capacity as well as what they actually manufacture. Integrated firms can produce 107 million tons of steel through reduction of iron ore‚ and minimills have a capacity of 21 million tons‚ and these businesses utilize a scrap melting process. Specialty mills have a capacity of 5 million tons‚ and for
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Chapter 13 Real Options and Other Topics in Capital Budgeting Learning Objectives After reading this chapter‚ the student should be able to: ◆ Explain why conventional NPV analysis may not capture a project’s impact on the firm’s opportunities. ◆ Identify five different types of real options. ◆ Explain what an abandonment/shutdown option is‚ give an example of a project that includes this type of option‚ and explain what an option value is. ◆ Explain what a decision
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development of Antamina mine a real option? Compare it to a financial option. The Antamina mine case can be modeled as a real option. An option in financial terms is the right to buy/sell something‚ it is not mandatory to buy/sell‚ is a choice that the owner can do. If you can earn with the exercise of the option‚ you use your right‚ but if it is not the case you simply do not utilize it. In this way the return derived from an option is asymmetric. In real term an option is defined as the flexibility
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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
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Laura Martin: Real Options and the Cable Industry Group 13 Adarsh N (60) Gaurav Chand (82) Hemant Kumar (83) Prateek Gupta (99) Rohan Gupta (104) Sahil Jindal (105) Individual Contribution: 16.67% for all group members Strategic Financial Management Prof. K . Sudershan Ques 1. What is the role of Laura Martin? Consider the multiples analysis developed in Exhibits 2‚ 5 & 6. What assumptions does this analysis rely upon? Role: Laura Martin is a sell-side equity analyst at
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uses scenario analysis which are not projections‚ predictions‚ or preferences; rather‚ they are coherent and credible alternative stories about the future. These scenarios will enable managers to (1) help identify options in the future‚ (2) help time the decision to exercise the real option and (3) can provide an important input in the process of evaluating it. Scenario planning differs fundamentally from forecasting in that it accepts uncertainty‚ tries to understand it‚ and makes it part of the reasoning
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Multiples versus DCF analysis Multiples analysis is simple to understand and apply. The inputs for the multiple arepublicly available‚ though are vulnerable to accounting manipulation. Also‚ it isdifficult to obtain a truly comparable large sample of firms. Multiples analysis isbackward-looking‚ reliant on historical/current data to obtain multiples. It reflectsrelative value rather than the intrinsic value which DCF valuation produces.DCF analysis generates an intrinsic value as it relies on data
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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
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