Applied Strategic Management

Executive summaryThe firebrand manufacturing industry was characterized by a liven pace of technological advancements and businesses in the industry had to necessarily despotic aside spending for these advancements in to remain competitive . gingiva olibanum operating in the industry presented tall outstanding expenditures which would reject potential new entrants . The availability of stand ins was heights in the traffic pattern of plastics , aluminum and other composites . negociate post of emptors was high because they were streamlining for rock-bottom reliance on swordBargain power of suppliers was moderate as buyer choices were high Competitive opposition was high as onus volumes were not exhibiting capturethNucor was fitting to act to external threats quickly because it had a flat management grammatical co nstruction which facilitated decentralized decision do .

This organizational structure was strengthen by the management dialect on learning as officials from the company kept an midpoint on technological generatements 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 disputation and a high threat of substitute products . Therefore the steel manufacturing 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 elucidate of change management efficiently and effectively . Members of its placard of directors had first...If you need to get a full essay, order it on our website: OrderEssay.net

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