Nucor Corporation (A) We are a cyclical business... Basically when you are at the peak of the cycle—times are good‚ interest rates are low‚ people are building—our margins increase. When we go to the trough‚ of course‚ the margins are squeezed. But over the last 25 years Nucor has never had a losing quarter. Not only a losing quarter‚ we have never had a losing month or a losing 1 week. —John D. Correnti‚ President and CEO‚ Nucor In 1998‚ Nucor was a Fortune 500 company with 6‚900 employees
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Nucor Corporation is made up of 11‚500 teammates whose goal is to "Take Care of Our Customers." We are accomplishing this by being the safest‚ highest quality‚ lowest cost‚ most productive and most profitable steel and steel products company in the world. We are committed to doing this while being cultural and environmental stewards in our communities where we live and work. We are succeeding by working together. Nucor ’s History Nucor Corporation is the largest steel producer in the United
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Nucor at a Crossroads Background of the US steel industry In 1986 total domestic steel consumption in US was 90 million tons‚ this comprised of 69 million tons of domestically produced steel and 21 million tons imported. Post 1979‚ the demand for steel started falling year on year due to stagnation of many steel-intensive industries‚ particularly construction and availability of substitutes such as aluminium‚ plastics and advanced composite. US Steel makers | Integrated | Mini mills |
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John Johnson wrapping up his remarks. “So our executive team thinks there are real business opportunities for us in developing these two new strategic thrusts. But before I go to the board for final approval next month‚ I need to know that our IT‚ marketing‚ and sales plans will support us all the way‚” Johnson concluded. Brian mentally calculated the impact these new initiatives would have on his organization. He had heard rumors from his boss‚ the COO‚ that something big was coming down. He had even
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Background Nucor Corporation is a leading American steel company with a headquarters’ staffs of less than 95 people and just 5 layers of management‚ from the CEO to the front-line employee1. It managed to make profit for decades in America despite the period of slow demand for steel‚ and the stiff competition in the industry. So‚ what are Nucor’s competencies that enable it to enjoy continual success? To explore its sources of competitive advantage‚ value chain analysis is constructed. Value-Chain
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Conserve and Preserve With today’s growing population‚ resource consumption is becoming a huge concern. It is important that humans realize what is best for both our present and future generation‚ and what is best for our planet. We must preserve certain areas from being destroyed to keep their natural beauty. We should also conserve resources‚ so they can continue to flourish‚ but also so we can continue to live our lives without depleting these resources. Every individual unit of the environment
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I. Porter’s Five Forces Analysis of the Steel Industry & Firm Level capabilities analysis 1. Competition from substitutes Increasing substitutes in the form of plastics‚ aluminum and advanced composites. 2. Threat of Entry High barriers to entry in the integrated mill segment. However‚ with the mini-mills‚ the barriers are being lowered due to lower costs (a tenth of those in the integrated mills per ton of steel produced). 3. Competition from rivals Highly competitive since products are
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ModMeters Synopsis When the CEO launches two new strategic initiatives requiring integration across all business units‚ the organization – whose IT decisions have been largely delegated to its business units in proportion to their revenue generating capacity – now faces the dilemma of how to prioritize its IT projects in order to support the new strategic “enterprise” vision. Organization Chart Identify the Key Issues 1. CIO and CEO don’t agree on direction of company
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Case Study 1: Nucor Corporationand New jersey Insurance co: Notes Case Study 2: Xerox Corporation: Xerox Corporation Question No.1 Outline the management control system at XEROX. What Are the elements that makes the system work ? Management Control System at XEROX Conditions prior to 1970. * Rigid System * Emphasis on Accuracy * Setting Unrealistic targets * Inadequate data analysis * Reporting & planning process was very long and bureaucratic
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Fiji’s Mythology Reflects Unique Culture and Location The Fiji islands were discovered in 1643 by a Dutch explorer named Abel Tasman. The island cluster was once known‚ as Viti are now rich with history‚ and culture. Fiji Island’s unique terrain‚ climate‚ origin‚ culture‚ religious beliefs‚ and history have all attributed to the folklores that are known today. The Fiji islands are located in the South Pacific Ocean. The 332 island and 500 islets were formed more than 150 million years ago through
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