Nucor Corporation (steel producer) Free Essay, Term Paper and Book Report
Nucor Corporation is a steel producer classified within the minimill segment of the steel industry. Current steel industry constituents can be classified into integrated, minimills, and specialty steelmakers. The industry is characterized by low profitability due to a number of industry factors such as high levels of industry rivalry, low bargaining power with customers, and high barriers to entry and exit due to high capital costs. However, recent introduction of minimill technology has enabled companies to significantly reduce the capital costs and profitable scale of production.
Nucor operates using a cost leadership strategy and has aligned their business strategy and all functional strategies to compliment it. The strategic alignment of their functional strategies including human resources, operations, and early adoption of emerging technologies has also significantly contributed to their success. Nucor Corporation is guided by their purpose of creating lasting business success based on their core values. These values include flexibility, acceptance of risk, and the provisio......
Word Count: 1203
Page Count: 4.8 (250 words a page / double spaced)
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