Case Strategic Analyses on Nucor

Case Strategic Analyses on Nucor

Introduction

Nucor Corporation is one of the leading manufacturers of steel in the US, with its corporate headquarters in Charlotte, North Carolina. Nucor Corporation is one of the Fortune 300 Company. It came into existence in 1940. Nucor Corporation had a 20,400 number of employees in the year 2010. Daniel R. DiMicco is the CEO, the Chairman, and the President of Nucor Corporation. Nucor is the world's most leading steel recycler, and one of the most prevalent recyclers of any kind. Nucor Corporation has beaten all other corporations in the Standard & Poor's 500-Stock Index by returning the 371% profit to its shareholders. Nucor Corporation led the way in steel manufacturing industry by introducing the electric arc furnaces and mini-mills. Nucor is the technology leader in the area of steel manufacturing. Nucor has an annual capacity of 25 million ton.

Discussion

Industry Structure of Nucor

Nucor Corporation has a decentralized organizational structure, which helps the company to have a much rationalized and more efficient hierarchy. Substantial autonomy is granted to the managers at each plant so that the decision-makings are quick, and the employees do not need to wait for the orders from headquarter. This also promotes an open and informal coordination structure in the company. The top-level management of Nucor Corporation has retained this extremely decentralized, layered, and inclined organizational hierarchy in order to compete with the rivals and foreign competitors. This decentralized organizational structure has allowed the upper most management to continue their growth and development, enjoying the competitive advantage of this hierarchical structure and the environment.

Nucor Corporation brought a revolution in the steel manufacturing industry of the America in 1988, when it implemented first time in the US the flat-rolled mini-mills. This innovatory implementation made Nucor a leader in the steel making industry of ...