Case Study Of Nucor

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“Nucor”
Nucor Corporation case study is about how the corporation motivated its employees where they were willing to put forth an extra effort to do whatever it takes to get the job accomplished. Our study is based on the management policy of the director and CEO of the corporation at the time from 1999 to 2008. Under CEO Daniel R. DiMicco, a 23-year veteran, Nucor has expanded to 22 plants while managing to instill its unique culture in all of the facilities it has bought, an achievement that makes him a more than worthy successor to Iverson
History of Nucor
Wikipedia states “Nucor Corporation, a Fortune 300 company headquartered in Charlotte, North Carolina, is the largest steel producer in the United States, and the largest of the so-called "mini-mill" steelmakers (those using electric arc furnaces to melt scrap steel, as opposed to companies operating integrated steel works with blast furnaces). Nucor is North America's largest recycler of any material, recycling one ton of steel every two seconds. The company's total annual steelmaking capacity roughly is 25 million tons.[2] Nucor operates 23 scrap-based steel production mills.” Nucor employs 20,000 non-union employees across the United States.
Nucor has had some great possibilities that made it stand out from its competition. For one its largest competitor US Steel a union company just finish one of the nation’s largest employee strikes where 22,000 employees refuse to work at the plant. “About 22,000 USX employees stopped work on August 1, 1986, after the United Steelworkers of America and the company could not agree on new employee contract terms. This was characterized by the company as a strike and by the union as a lockout. This resulted in most USX facilities becomi...

... middle of paper ...

...Global growth (expatriate- global cultural differences)

• Integrate established organizational culture throughout new acquisitions o Promote internal agent/leadership development o Facilitate input from new employees

• Review all individual plant financial and operating data o Audit balance sheet, income statement and statement of cash flows
 Evaluate contribution margins (i.e.Crawfordsville) o Analysis of activity ratios

• Examine plant operations for duplication o Schedule company wide plant manager monthly meetings o Re-engineer operations based on findings

By implementing the above recommendations, Nucor will be able to effectively and efficiently continue their decisive growth trend while maintaining the unique and extraordinary organizational culture they are built on. These recommendations will help minimize growing pains of the future. (Thomas)

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