MGT409 Nucor Presentation

MGT409 Nucor Presentation - Nucor Corporation MGT 409 Group...

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Nucor Corporation MGT 409 Group 4: Josh Borysiak Kathryn Gardner Cong Hui
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Nucor History Founded in the early twentieth century to manufacture motor cars under the name Reo After filing for bankruptcy in 1938, they reorganized and as Reo Motors, specializing in trucks and luxury lawnmowers In 1954, they sold off their assets and
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Nucor History Cont. In 1965, bankruptcy was looming and David Thomas was replaced as the CEO by Kenneth Iverson Iverson was the head of Vulcraft, which makes steel joists He decided to divest most of Nuclear’s operations and focus on creating a minimill to create steel from scrap Nuclear Corporation of America was renamed Nucor in 1972 and steadily expanded through 1986
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Current Nucor Operations Few layers of management Decentralized decisions High powered performance incentives “Hire for attitude, train for skill” Minimized status related differences among employees 16 steelmaking and fabrication plants in 10 locations across the US 2nd most productive steel maker in the world
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Current Nucor Operations Cont. Sold 2/3 of its output to external customers and 1/3
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This note was uploaded on 11/17/2011 for the course MGT 409 taught by Professor Mannorm. during the Fall '08 term at Michigan State University.

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MGT409 Nucor Presentation - Nucor Corporation MGT 409 Group...

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