Nucor Corporation Case Analysis

To: Dan DiMicco From: McKensie Booth Subject: Strategic Management Date: 11/9/2010 Nucor slew Memo Response: Per your request I have canvas Nucor Corporation and the leaf blade industry. After performing both strategic and financial analysis I offer my recommendations. Executive sum-up: Nucor Corporation was the most profitable blade producer in North America in both 2005 and 2006. It is regarded as a imprint-cost steel producer in the United States, and atomic number 53 of the most efficient and technologically innovative steel producers in the world. Nucor is known for its aggressive pursuit of innovation and technical excellence, strict quality systems, strong emphasis on employee relations and custody productivity, cost conscious corporate culture, and ability to achieve low costs per ton produced (C-194). Offering a streamlined organisational structure, Nucor uses its ability to achieve incentive-based compensation systems that rewards goal-orientated individuals for their performance. Over the years Nucor has expand progressively into the manufacturer of a wider and wider range of steel products, which has gotten it to be able to offer steel users 1 of the broadest product lineups in the industry.

In this industry steel products are considered commodities, and most steel plants turn out products with comparable quality to other companies. This makes one producers reinforcing bar essentially the same as another producers reinforcing bar, which in turn makes a particular sort of sheet steel made at one plant almost identical to the same grade of sheet steel made from another plant (C-195). Because of this, steel producers are forced to be price-competitive with the market price of for each one individual steel product being driven by demand-supply conditions for that product. After considering all of these aspects of Nucor, and the steel industry I pass on be discussing the strength of the competitive forces, the key success factors for... If you desire to get a full essay, order it on our website: Orderessay

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