Nucor Corporation Executive Summary

Nucor Corporation is a steel company operating in three segments: steel products, the manufacturer of steel, and raw materials. Founded in 1940 and headquartered in Charlotte, North Carolina, Nucor and its subsidiaries are involved in the manufacture and sale of steel products with nearly 200 facilities in operation, including Harris Steel subsidiaries David J. Joseph Company and Skyline Steel. Nucor's operating base encompasses steel mills, steel products, and raw materials (Thompson, 2016).

Relying on equality and trust in its employees, Nucor Corporation has transformed its culture and organizational structure into a competitive strategy. Their internal organization has few hierarchical levels, and their employees are always rewarded as

First, a clear and reasoned strategy is management’s prescription for doing business, its road map to competitive advantage, its game plan for pleasing customers, and its formula for improving performance." For this reason, Nucor Corporation understands that the growth of a company depends on sector-specific strategies and organization in the flow of tasks.

It is understood, therefore, that the business strategies serve so that the organization can anticipate the problems that can occur in the middle of the way, also aiming to reduce the risks of its failure. In the case under review, it is evident that Nucor Corporation has been very successful in managing their value chains a low-cost manner, thus becoming their primary competitive advantage in the face of rivals (Thompson, 2016).

Huggins & Izushi (2011) affirms that "all firms in a given industry have a similar value chain, which includes activities such as obtaining raw materials, designing products, building manufacturing facilities, developing cooperative agreements, and providing customer service." For this, it is necessary to carry out activities aimed at creating value for the customer, which will directly and positively affect the company's

Its brand is reliable, its resources and capabilities, besides the pioneering of its work in the steel sector are remarkable factors. According to Thompson (2016), "market pioneers and other types of first movers typically bear greater risks and greater development costs than firms that move later. If the market responds well to its initial move, the pioneer will benefit from a monopoly position (by virtue of being first to market) that enables it to recover its investment costs and make an attractive