Nucor Essay -- essays research papers

Business Summary and StrategyNucor is the largest steel manufacturer in the United States. It remains a profitable company despite existence in one of the most cyclical industries in the economy. Nucor enjoys this success for several(prenominal) reasons, employee relations, lumber, productivity, and aggressive pursuit of design and technical excellence. Nucors strategy is that of a wretched cost provider, they know they are selling a commodity and regard their competitive edge in the industry is lowering prices through innovation and productivity. The company operates primarily in two business areas, steel move and steel products.Steel Industry OutlookDriving Forces Globalization - imprint cost foreign manufacturers dumping steel in the U.S. and other markets. Changes in the economy Changes in currency valuations Input/raw material prices primeval Success Factors Technological innovation such as the strip modeling technology, investing in technology suc h as this allows Nucor to take mensural risks to ultimately lower their cost to produce steel subsequently airlift margins. They now own the U.S. and Brazil rights to this technology. Employee relations - Nucor employees are more productive, true-blue and Nucor has lower employee cost than competitors. Global Economic addition - if global and U.S. growth continue, Nucor will continue growth. Product Quality - Nucor has a reputation for quality products. Market S...