197 Final

197 Final - 1. Using Nucor as an example, explain how a...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
1. Using Nucor as an example, explain how a company’s strategy, structure and culture are related. What are the benefits and possible risks of this relationship? A Company’s strategy and structure have direct influence on the moral of their employees. Compensation standards that include salary, bonuses, and benefits dictate how well the company’s employees perform. Nucor’s strategy was to create a top to bottom incentive structure that allowed employees to control how much money they would earn based on their performance. This system influences each employee, from factory worker to executive, to work hard. Everyone within the corporation was treated on a similar scale, which allowed Nucor to maintain a comfortable company culture. Employees enjoyed going to work and were motivated to perform well. Nucor’s corporate strategy helps create its unique company culture, which differed from other companies in the industry whose incentive structures were not as transparent. The success of their incentive package combined with low-cost production capabilities allowed Nucor to be successful. Employees feel like the work they do matters which makes it a more enjoyable environment to work in. Employee satisfaction is fundamental in running a company, and executives must keep this in mind when formulating corporate strategies as these strategies are reflected ultimately by the resulting culture within the company. Nucor had the foresight few companies do when developing these polices. 2. Imagine that a new product becomes available to the public tomorrow—a personal transportation device that can move individuals or cargo from place to place instantly (just like Star Trek ). Industries such as airlines,
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 10/20/2010 for the course BADM 197 taught by Professor Sallyw.fowler during the Spring '10 term at GWU.

Page1 / 4

197 Final - 1. Using Nucor as an example, explain how a...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online