NUCOR in 2005 (case summary)

Symptoms:Steel industry is having one of biggest slowdowns with weak prices and rivalry bankruptcies imputable to some(prenominal) municipal and international economy slowdown. Technological aging in US poise industry almost oblige US steel makers out of business. Steel makers in former(a) countries were developing and exploitation technologies that allowed significantly reducing unit prices. to the highest degree all innovations in technologies were made outside US. Competition on Us food product was tough referable to low issue prices (Japan, France, Luxemburg, Spain), that made to overturn prices also for domestic steel producers to persist in competitive. too damping and subsidized imports were taking place to win trade share. US governing initially refuses to eliminate change order of magnitude tally of steel import imputable to international trade law, but in 2002 some restriction and quotas were placed. Increased competition due to lean of company expansio ns and tendency of global consolidations. It became evidence that companies who were previously concentrate on domestic marketplaces went international acquiring both domestic and international companies gaining market power. In addition to rubbishy imports US steel industry was facing high nothing prices, increasing labor costs, increasing costs for technological innovations, change magnitude demand by customer industries, more tensions due to politics environmental rules and changing cost structure among producers.

Problem: purpose though Nucor had stable and favorable position in US market, company needs to maintain its competiti ve advantage to snuff it fierce competitio! n and uncertain environment of the industry. Nucor haven?t reacted on overall market situation changes. Company continues to pull in with no clear strategicalal vision. Due to company?s size increase it might become uncontrollable due to decentralization and lack of management depth. Company missing a new layer of management to carry out strategic planning and control tools over entire company. Alternatives:Nucor could analyze market and reconsider Nucor?s strategies by leaving the old strategies as it was. Company could use... If you want to get a full essay, undercoat it on our website: BestEssayCheap.com

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