Applied Strategic Management

Executive summaryThe steel manufacturing industry was characterized by a spirited pace of technological advancements and businesses in the industry had to necessarily compulsive aside spending for these advancements in to remain competitive . gum olibanum operating in the industry presented tall capital expenditures which would reject potential new entrants . The availability of stand ins was high in the traffic pattern of plastics , aluminum and other composites . Bargaining power 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 rivalry was high as onus volumes were not exhibiting growthNucor was able to respond to external threats quickly because it had a flat management structure which facilitated decentralized decision do .

This organizational structure was reinforced by the management dialect on learning as officials from the company kept an midpoint on technological developments that were taking place throughout the solid ground This helped the company to grow because of its ability to reengineer its internal processes quickly in to suit changing market conditions This was a critical factor in the steel manufacturing industry because the industry was characterized by high competitive rivalry 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 sort of change management efficiently and effectively . Members of its placard of directors had first...If you want to get a full essay, order it on our website: Orderessay

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