Diversification Strategy

HRM Issues/Diversification Strategies BUS599 HRM Issues/Diversification Strategies 1. Discuss the trends in the firebrand diligence and how it may impact Nucors strategy. The Nuclear Corporation of the States was involved in the nuclear instrument and electronics business. The partnership went through and through many years of severe financial strains, so the gilds board of directors opted for smart leadership and appointed F. Kenneth Iverson as President and CEO. He felt that the only way to format the company on positive ground was by exiting the nuclear instrument and electronics business and rebuild the company around its utile South Carolina-based Vulcraft subsidiary, which was in the blade business ( Thompson, Strickland, & Gamble, 2010). The company adopted the name Nucor Corporation in 1972, and Iverson initiated a long-term strategy to grow Nucor into a major player in the linked States steel industry. By 1985, Nucor had become the seventh largest steel company in America, with revenues of $758 million, six joist go unders, and four state-of-the-art steel mills that used electric arc furnaces to produce new steel products from recycled scrap steel.

Nucor was regarded as an excellently managed company, an accomplished affordable producer, and one of the most competitively successful manufacturing companies in the country. At the turn of the century, Nucor was the second largest steel producer in the United States and sales in 2000 exceeded 11 million tons, and revenues were nearly $4.8 one thousand thousand (Thompson, Strickland, & Gamble, 2010). 2. Discuss the organizational structure and management ism at Nucor. Nucors organizational structure was a truly simple one to follow. It allowed employees to innovate and make quick decisions. close of the day-to-day decisions were made by division or plant-level normal motorcoachs and their staff. The group manager or plant general manager had control of the day-to-day decisions that affected the group or plants... If you want to get a full essay, order it on our website: Orderessay

If you want to get a full essay, wisit our page: write my essay .