We are succeeding by working together. Steel manufacturing is an old business, but is currently facing the fast changes associated with new technologies, the rise of globalization, and changes in cost and efficiency.
By using the PEST model, the variables of politics, economy, society and technology can be better understood.
Though some of these resources and capabilities were not very costly to imitate other companies could not imitate them as they did not possess the complementary organization capabilities that Nucor possessed that have been outlined in an earlier section.
The resource-based view RBV is an economic tool used to determine the strategic resources available to a firm.
The new mini-mill technology that Nucor commercialized and pioneered to a certain extent and the unique business model that it created around it, was also a critical resource for the 1 This note was prepared by Shankar Naskar.
Also their approach to the compensations is very unique and makes you feel more rewarded for the job you have done.
Nucor possessed a strong and unique understanding and knowledge of mini-mill technology and joist manufacturing processes.
P16 No executive dining rooms or restrooms, no fishing lodges, company cars or reserved parking 8. P11 6. They can still retrieve their dividends through retained profit earnings from past years. Plants were operating with outdated technology 8.