StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...

Nucor case - Term Paper Example

Comments (0) Cite this document
Summary
Managers make different decisions in their companies, and each decision has a direct influence in revenue, costs, and profits. In analyzing the case study of Nucor steel company, different…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER94% of users find it useful
Nucor case
Read TextPreview

Extract of sample "Nucor case"

Download file to see previous pages With improving economies’ growth is expected to boost desire for many to purchase the product in the medium term.
Steel producers and mini-mill companies are situated in the midst of a very competitive environment in both domestic and global scale, which adversely affects their profitability. This competition among steelmakers is to capture a significant portion of the steel market in light of the fact that, the global supply of steel far exceeds the demand for steel products (Thompson 207). The first competitive forces impacting steelmakers is the force to drive down the profitability of steel industry, steelmakers are primarily affected by the abundant steel supply versus demand, which depresses the market price of steel as a commodity.
Competition among steelmakers is to lower product prices in order to capture a significant portion of potential customers. Secondly steel producers are adversely impacted by the entry of foreign players into the domestic steel market that are able to advantage of lower labor costs in the country. The influx of cheap imports from foreign steelmakers stiffens the existing price competition among rival steel producers hence lowering prices of steel imports; dragging down steel market prices. Lastly, steel producers are more vulnerable to the increasing cost of raw materials. This rising cost of materials has led to increase in the cost of production making it difficult for them to be price competitive. The difficult in product differentiation in the steel commodity market makes it necessary for min-mills to be able to compete with their rivals based on price, that is; pricing and market niche (Hitt, Ireland & Hoskisson 33).
The driving forces in the steel industry; the technology evolution which is a change in the steel making technology has revolutionized the world’s steel industry. The use of COREX technology in the production of steel has increased profit and its environmental ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Nucor case Term Paper Example | Topics and Well Written Essays - 1000 words”, n.d.)
Retrieved from https://studentshare.org/management/1619243-nucor-case
(Nucor Case Term Paper Example | Topics and Well Written Essays - 1000 Words)
https://studentshare.org/management/1619243-nucor-case.
“Nucor Case Term Paper Example | Topics and Well Written Essays - 1000 Words”, n.d. https://studentshare.org/management/1619243-nucor-case.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Nucor case

Nucor Corp

...?Nucor Corp. has been operating in the US Steel industry for 66 years. This industry is characterized by a considerable level of competitive rivalry resulting from 3 categories of competitors: immediate, impending and invisible. The immediate competition is exerted by US Steel which exceeds Nucor Corp. in terms of production quantity. AK Steel Holding Corporation and Steel Dynamics Inc. are also immediate competitors. Nucor faces impending competition in its international operations. The main competitor in this case is ArcelorMittal which produces 28% of the production volume accounted for by the top 12 producers. The invisible competition is potential in large companies...
5 Pages(1250 words)Essay

NUCOR Corporation Case Analysis

...it the initial thrust to foray into new territory. At the same time, they would also reduce its cost of expansion by sharing not only the broader goals and objectives but also the human competencies. Conclusions One can therefore, conclude that Nucor has huge potential that can be judiciously used to expand its business interests across the globe. The managerial leadership of Nucor must exploit its various elements of competitive advantage to enter new markets of growth like emerging economies. It would provide the company with strong leverage against its rivals in the industry. (words: 876) Reference Byrnes, Jonathan. (March 2003). The Bottom Line: Profit From Managing Your Product Flow. Harvard...
3 Pages(750 words)Case Study

Nucor Corporation

...a growth strategy. The strategy has made the company realize increase in profits and a corresponding increase in the number of their customers. The generic strategy that has been adopted by Nucor is the cost leadership strategy. This strategy targets a broader market and promotes low cost of production (Porter, 1998). To gain a competitive advantage in an industry, the firm must show to its customers that they will get value for their money. The cost leadership strategy is adopted in cases where there are many competitor and the customers are very sensitive to prices. Nucor has achieved this strategy by keeping their cost of production low and at the same time producing a wide range of...
4 Pages(1000 words)Essay

HRM Issues/Diversification Strategies: A Review of the Nucor Corporation Case

...? HRM Issues/Diversification Strategies: A Review of the Nucor Corporation Case Introduction Nucor is the largest recycler and still manufacturer in United States of America. The company has a largely centralized model of management, which comprises of a pay for manufacture compensation scheme (Nucor Corporation, 2009). Evidently, with globalization being experienced within steel industry especially in today emerging states, Nucor is considered one of the key players. Because effective management as viewed by many is an organization source of competitive advantage, this paper aims at analyzing Nucor trend especially in current and future...
5 Pages(1250 words)Case Study

Nucor Corporation

...managerial stages at Nucor. A majority of the company’s decisions are made at the division level. In addition, Nucor declared that its corporate office staff members were around 75 workers. This was possibly the smallest number of corporate office workers among any major company. HRM Issues Related To Strategy Implementation and Recommend Actions to Address These Issues Some of the HRM issues that are related to strategy implementation are: poor coordination within a company’s management, a case where the employees are not buying into the strategy of the company and inadequate changes within the work unit. Poor coordination within management could be brought about by inappropriate goals,...
3 Pages(750 words)Case Study

Human Resource & Competitive Advantage- A Case of Nucor

...? Human Resource & Competitive Advantage- A Case of Nucor Table of Contents Table of Contents 2 Answer 3 Answer 2 5 Answer 3 6 Works Cited 8 of the Student: Name of the Professor: Course Number: Date of the Paper: NUCOR CASE ANALYSIS Answer 1 There is no doubt that the case is an interesting example for human resource professionals and managers who are concerned with the viability of strategic human resource practices in real world business environment. First question for the case is whether using a performance based pay system instead of using separate performance appraisal system is a right choice for Nucor Corporation...
5 Pages(1250 words)Case Study

Implications of Money Transfer Companies on the Global Economy

10 Pages(2500 words)Essay

Nucor Competitive Strategy

...NUCOR CASE STUDY Nucor Case Study: How to Be Competitive in Today's Economy TABLE OF CONTENTS I. Executive Summary... 3 II. Summary of the Case. 4 III. Industry Analysis4 IV. Competitive Analysis..5 V. Company Position...5 VI. SWOT..6 VII. Issues Management Needs to Address (Worry List) ..7 VIII. Recommendation(s)8 IX. Strategy(ies) for Implementation and Execution of Recommendations.11 X. References..13 I. EXECUTIVE SUMMARY Nucor Corporation is a steel production company that, in the past, has had tremendous success. "At the end of 2006, Nucor was solely entrenched as...
11 Pages(2750 words)Case Study

Nucor Corporation

...Running Head MBA Case - Nucor Corporation MBA Case - Nucor Corporation Nucor is one of the leading steel companies operating in the USA and Canada. The driving force behind world economic growth has changed from manufacturing volume to improving high quality. As a result, the key success factor for many firms including Nucor is maximizing high quality. Rather than price, quality has become the dominant influence on customers' perceptions of value (Nucor Corporation 2008). Thus, strategy refers to the means a firm uses to reach its ends. Fundamental to every firm's mission and competitive strategy is its value strategy....
8 Pages(2000 words)Case Study

Competitive advantage

...Nucor Case Study Instead of a separate performance appraisal system, Nucor judges performance based on quality, productivity and profitability. What are the advantages and disadvantages of Nucor’s choice? The primary advantage that Nucor gets out of its performance judgement system is outstanding labour relations. There are no union based problems as employees are satisfied and trust the company for their good. Moreover, Nucor’s system helps employees earn more money than their counterparts through innovative schemes. This ensures that the most productive people are brought to the front and appreciated accordingly. In most other...
2 Pages(500 words)Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Term Paper on topic Nucor case for FREE!

Contact Us