is about the art of motivation in Nucor‚ about strategy and action plan to motivate the people such as talking to them‚ listening to them‚ taking a risk on their ideas‚ and accepting the occasional failure. It ’s a culture built in Nucor with symbolic gestures with unblinking focus on the people on the front line of the business in order to maximize profitability. Nucor has foster one of the most dynamic and engaged workforces around. The nonunion employees at Nucor don ’t see themselves as worker
Premium Management Employment Steel
Nucor Case ADMN 4607 To: Michael Howe From: Suya Chen Yujing Liu February 13‚ 2013 Vision The major player in the U.S. steel industry. And change into the global steel industry (especially Asia market). Mission Nucor Corporation’s goal is to "Take Care of Our Customers.” they are accomplishing this by being the safest‚ highest quality‚ lowest cost‚ most productive and most profitable steel and steel Products Company in the world
Premium Steel Costs Mergers and acquisitions
-295275-371475Nucor Corporation Competing against Low-Cost Steel Imports 110000110000Nucor Corporation Competing against Low-Cost Steel Imports What are the primary competitive forces impacting U.S. steel producers in general and the producers like Nucor that make new steel products via recycling scrap steel in particular? Please do a five-forces analysis to support your answer. As mentioned in the case the main problem is the excess of steel in the steel market. Right now foreign steel is being dumped
Premium Porter generic strategies
Nucor has many strength’s that lie within the company lines. They are the industry leader in innovation and minimization of pollution and production cost. They make sure to take each and every step necessary in order to reduce the exposure of pollutants to the atmosphere. This gives the company a lot of credibility in that it is not only worried about itself‚ but also its surroundings. Nucor is a calculated risk taking culture so they are not quick to jump the gun on any specific task. They assure
Premium Greenhouse gas Kyoto Protocol Carbon dioxide
How would you describe the culture of Nucor? Nucor seems to possess a secret in the business world‚ a lost art regarding to how to treat employees. To think that engineers and supervisors alike would sacrifice their weekends to help out a sister plant with a failing grid and not one person was asked by their direct manager to assist is an amazing healthy team culture. A performance driven company with a team building component that rewards the whole versus the minority only when they have been
Premium Corporate governance
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
Premium Costs Cost Management
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
Premium Management Employment Strategic management
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
Premium Joint venture Investment Management
March 13‚ 2014 SUBJECT: Should Nucor Adopt the CSP Process? Cash Flow Analysis Cash flow analysis on Exhibit 1 represents net cash flow calculation using the base assumption. According to this calculation‚ Nucor would have net present value of $(11.99) million which is a negative value. This negative value on NPV indicates potential unprofitable consequences after implementing SMS’s compact strip production (CSP); therefore‚ Nucor should not invest in this new technology.
Premium Net present value Cash flow
NUCOR MEMORANDUM To: F. Kenneth Iverson and Management Team of Nucor Corporation CC: AGSM Faculty Teams Subject: Investment Decision Date: 04/22/2009 From: 1713898 The Situation In 1986‚ flat sheet segment contained 52% of US total steel market1. Nucor Corporation‚ which is a steel minimill well-known for its leadership‚ efficient operation and well-structured compensation‚ is showing the interest in the flat sheet segment. At the same time‚ there are many new thin-slab casting technologies to
Premium Costs Barriers to entry Strategic management