Nucor Essay -- essays research papers

Business Summary and StrategyNucor is the largest sword maker in the United States. It remains a profitable company disrespect being in one of the most cyclical industries in the economy. Nucor enjoys this succeeder for several reasons, employee relations, quality, productivity, and aggressive pursuit of innovation and technical excellence. Nucors strategy is that of a low cost provider, they know they are selling a good and understand their competitive edge in the industry is lowering prices through and through innovation and productivity. The company operates primarily in two business areas, steel mills and steel products.Steel Industry OutlookDriving Forces internationalization - Low cost foreign manufacturers dumping steel in the U.S. and another(prenominal) markets. Changes in the economy Changes in currency valuations Input/raw natural pricesKey Success Factors Technological innovation such as the airstrip casting technology, investing in technolo gy such as this allows Nucor to enquire calculated risks to ultimately lower their cost to produce steel afterward raising margins. They now own the U.S. and Brazil rights to this technology. Employee relations - Nucor employees are to a greater extent productive, loyal and Nucor has lower employee cost than competitors. Global Economic growth - if global and U.S. growth continue, Nucor will continue growth. Product Quality - Nucor has a report card for quality products. Market S...