Nucor Steel : Competitive Analysis
Essay specific features
September 4, 2015
No of pages / words:
33 / 9117
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An on staff legal team at Nucor allows a more adept knowledge about the steel industry and therefore assists in helping safeguard Nucor from many lawsuits.
• Bring back the Organic Hierarchy
Seeing that autonomy is one of the most important factors for this company, it is best if Nucor brings back the organic hierarchy that made the company what it is today...
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In doing so, it helps Nucor to keep their communication channels short so they are able to make quick and decisive decisions.
• Restructure the Incentive Systems
Nucor, like many other companies, has a relatively high cost of goods sold. In order to reduce their COGS, it would be beneficial to the company if they would rethink restructuring their incentive system...
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