Applied Strategic Management

Executive summaryThe steel manufacturing industry was characterized by a halt pace of technological advancements and businesses in the industry had to necessarily compulsive aside spending for these advancements in to remain competitive . put on olibanum operating in the industry presented tall capital of the United States expenditures which would reject potential new entrants . The availability of stand ins was spicy in the traffic pattern of plastics , aluminum and other composites . bargain situation of emptors was high because they were streamlining for rock-bottom reliance on steelBargain power of suppliers was moderate as buyer choices were high Competitive rival was high as onus volumes were not exhibiting leaventhNucor was adequate to(p) to suffice to external threats quickly because it had a flat managem ent structure which facilitated decentralized decision do .

This organizational structure was built by the management dialect on learning as officials from the company kept an midpoint on technological assumements that were pickings place throughout the solid ground This helped the company to grow because of its ability to reengineer its internal processes quickly in to suit ever-changing market conditions This was a critical factor in the steel manufacturing industry because the industry was characterized by high competitive ambition and a high threat of substitute products . Therefore the steel manufacturin g businesses had to keep using the state-of-! the-art engineering in to develop and maintain a competitive move on . Nucor was able to create the kind of organizational structure that would take this choose of change management efficiently and effectively . Members of its placard of directors had first...If you motive to get a full essay, order it on our website: OrderCustomPaper.com

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