Monday, May 25, 2020
Individual Case Analysis BUS490 Comprehensive Examination Nucor Steel Corporation Written by: Lukas Kubilius Professors: Bonnie J. Straight Julian J. Prewitt Lithuania Christian College 2 March 2005 Overview of situation Nucor Corporation with 24 plants/divisions and 8,000 employees, operated in nine states recycling more than 10 million tons of scrap steel annually. Producing carboy and alloy steel in bars, beams, sheet, and plate; steel joists and joist girders; steel deck; cold finished steel; steel fasteners; and metal building systems, the corporation was known as the most modern and efficient, having streamlined organizational structure,Ã¢â¬ ¦show more contentÃ¢â¬ ¦More attention to own business than to competitors is their strategy. South magazine observed that Nucor is Ã¢â¬Å"stripped down, no nonsenseÃ¢â¬ organization. It keeps maintaining low cost and efficiency, which is the key to making profit in steel industry, by keeping the employee force at the level it should be, empowering them, being totally honest, involving them in decision making process, and using effective incentive compensation system. NucorÃ¢â¬â¢s ten year goals are: Ã¢â¬ ¢ Achieving average annual earnings growth of 10%-15%. Ã¢â¬ ¢ Exceeding return on capital Ã¢â¬ ¢ Maintaining minimum 14% return on equity. Ã¢â¬ ¢ Delivering 8%-10% return on sales. Ã¢â¬ ¢ Becoming market leaders of every product group and business where they compete. Key Issues and Problems Ã¯Æ' ¼ Growth in troubled steel industry. How to sustain NucorÃ¢â¬â¢s earnings growth in the industry, which has many marginal competitors and production overcapacity. Ã¯Æ' ¼ Market position. How to protect and establish NucorÃ¢â¬â¢s market position. Ã¯Æ' ¼ Organizational structure. Need for expanding size of executive management team and adding new corporate layers in the corporation. Ã¯Æ' ¼ Human Resource Management. Need for reanalyzing employee wages and bonus system. Finances A typical Gross profit margin depending on the industry may be 25 to 30%. NucorÃ¢â¬â¢s Gross profit margin ratio indicates that industry is intense and cost of goods is one of the main of factor in profitability. After examining the five yearShow MoreRelatedEssay on Nucor Case Analysis1235 Words Ã |Ã 5 PagesNucor Corporation Ã¢â¬â Case Study and Recommendations on Strategy Nucor Corporation Ã¢â¬â Case Study and Recommendations on Strategy Introduction Nucor Corporation: Competing against Low Cost Steel imports deals with leading steel manufacturer Nucor Corporation and trends in the steel industry affecting Nucor. Steel manufacturing is an old business, but is currently facing the fast changes associated with new technologies, the rise of globalization, and changes in cost and efficiency. To date, NucorRead MoreNucor Case Analysis4046 Words Ã |Ã 17 PagesIndividual Case Analysis BUS490 Comprehensive Examination Nucor Steel Corporation Written by: Lukas Kubilius Professors: Bonnie J. Straight Julian J. Prewitt Lithuania Christian College 2 March 2005 Overview of situation Nucor Corporation with 24 plants/divisions and 8,000 employees, operated in nine states recycling more than 10 million tons of scrap steel annually. Producing carboy and alloy steel in bars, beams, sheet, andRead MoreNucor Case Analysis Essay2164 Words Ã |Ã 9 PagesNucor Corporation Case Analysis Section 1: Recommendations Recommendation 1: To expand more internationally by building plants in lower property taxed areas with low tariffs to ship products out. Recommendation 2: To put in place job descriptions for employees. By doing this it will save Nucor litigation fees and troubles if something arises in the workplace between the employee and Nucor about job duties, injuries, etc. Recommendation 3: Other than expanding internationally, Nucor shouldRead MoreNucor Corporation Case Analysis Essay2454 Words Ã |Ã 10 Pages11/9/2010 Nucor Corporation Memo Response: Per your request I have analyzed Nucor Corporation and the steel industry. After performing both strategic and financial analysis I offer my recommendations. Executive Summary: Nucor Corporation was the most profitable steel producer in North America in both 2005 and 2006. It is regarded as a low-cost steel producer in the United States, and one of the most efficient and technologically innovative steel producers in the world. Nucor is knownRead MoreCase Studies67624 Words Ã |Ã 271 PagesCase Studies C-1 INTRODUCTION Preparing an effective case analysis C-3 CASE 1 CASE 2 CASE 3 CASE 4 CASE 5 CASE 6 CASE 7 ABB in China, 1998 C-16 Ansett Airlines and Air New Zealand: A flight to oblivion? C-31 BPÃ¢â¬âMobil and the restructuring of the oil refining industry C-44 Compaq in crisis C-67 Gillette and the menÃ¢â¬â¢s wet-shaving market C-76 Incat TasmaniaÃ¢â¬â¢s race for international success: Blue Riband strategies C-95 Kiwi Travel International Airlines Ltd C-105 CASE 8 Beefing up the beeflessRead MoreAnalysis Of Nucor s Strategy For Cost Leadership Strategy915 Words Ã |Ã 4 PagesAccording to the case study, Nucor has been opting for cost leadership strategy. Cost leadership is an approach that relates a firm pursuing to get the lowest cost in industry. According to NucorÃ¢â¬â¢s case study, it is absolute that Nucor applies correctly and successfully in cost leadership as it has managed to gain relatively low cost of their production. The firm builds manufacturing plants inexpensively and guarantees that they are operated efficiently. Due to Nucor has maintained high profits evenRead MoreCritical Success Factors Of The Company1115 Words Ã |Ã 5 PagesSituational Analysis 3.1 External Analysis 3.1.1 Critical Success Factors Cost Leadership Strategy: The adoption of cost leadership has been a significant success determinant for the company. Therefore, Nucor has assured that it becomes a cost leader through the use of advanced technologies in steel manufacturing. As well as Nucor invested actively in research and development and applied a lean management structure that improves efficiency for production. Technology and Innovation: Nucor took intoRead MoreNucor at Crossroads1352 Words Ã |Ã 6 PagesNucor at a Crossroads Nucor at a Crossroads Case Analysis In 1986, three distinct segments defined the U.S. steel industry; integrated steel mills, mini-mills, and specialty steel makers. The integrated mills have the capacity to produce a maximum of 107 million tons of steel per year, mini-mills produced a maximum of 21 million tons of capacity a year, and the nationÃ¢â¬â¢s specialty steel makers could produce a maximum capacity of 5 million tons of stainless and specialty grades of steel. This leadsRead MoreNucor Case1339 Words Ã |Ã 6 PagesNUCOR MEMORANDUM To: F. Kenneth Iverson and Management Team of Nucor Corporation CC: AGSM Faculty Teams Subject: Investment Decision Date: 04/22/2009 From: 1713898 The Situation In 1986, flat sheet segment contained 52% of US total steel market1. Nucor Corporation, which is a steel minimill well-known for its leadership, efficient operation and well-structured compensation, is showing the interest in the flat sheet segment. At the same time, there are many new thin-slab casting technologies toRead MoreNucor Case Study Essay1320 Words Ã |Ã 6 PagesNUCOR (25 Points) 1. List and elaborate some strategic issues facing NUCOR? Nucor has been facing many industry challenges including the overall development of the industry. They are competing with foreign firms on cost and efficiency. Nucor has a low cost strategy because as they say their product is not necessarily very attractive. It does not have attractive or unique selling features other than its cost. The commodity of steel is in a very competitive market. Nucor understands that innovation
Friday, May 15, 2020
No, Walt Disney did not invent the lightbulb, or the computer, but what he did do was revolutionize animations, cartoons, and make billions of peoples imagination and happiness go wild. Ã¢â¬Å"In bad times, and in good, IÃ¢â¬â¢ve never lost my Zest for life.Ã¢â¬ Walt Disney said this because that is how he felt about life, he knew there would be ups and downs, but the only way to get through them was to stay positive and enjoy everything life has to offer. Walter Elias Disney was born in Chicago, Illinois, on December 5, 1901. He is the fourth of five children, and his parentÃ¢â¬â¢s nameÃ¢â¬â¢s are Elias and Flora Disney. His father was a very strict and religious man. Elias Disney would sometimes physically abuse his children. His father was working as aÃ¢â¬ ¦show more contentÃ¢â¬ ¦He was also a cartoonist for the school paper. At age 16, he dropped out of school to join the army. He was rejected for being underage, so instead he joined the Red Cross. Red Cross sent him to France for a year, there, he drove an ambulance. After France, he went back to Kansas City in 1919, to work as a commercial illustrator. Later he made crude animated cartoons. He met cartoonist Ubbe Eert Iwwerks, better known as Ub Iwerks at Pesmin-Rubin Art Studio, where his brother Roy had gotten him a job. After that, Walt Disney worked at Kansas City Film Ad Company. From there, Walt Disney then decided to open his own animation business. He recruited Fred Harman as his first employee. Walt Disney and Fred Harman made a deal with a local Kansas City theater to screen their cartoons, which they called Laugh-O-Grams. The cartoons were well liked, and Walt Disney was able to buy his own studio for making cartoons. After a while though, the company had so much debt, it was forced to declare bankruptcy. Disney and his brother, Roy, soon pulled every penny they had and moved to Hollywood. Ub Iwerks also moved to California, and there the three began the Disney Brothers Studio. Th eir first deal was with New York distributor, Margaret Winkler. The deal was for their Alice CartoonÃ¢â¬â¢s and their new character Oswald the lucky Rabbit. A few years later, Disney learned that Margaret Winkler and her husband, Charles Mintz, had stolen the rights to
Wednesday, May 6, 2020
A comparative literary study of the effect of mental illness on the central characters is the semi-autobiographical novels The Bell Jar by Sylvia Plath and Girl, Interrupted by Susanna Kaysen. Comparing two women trying to deal with mental illness and are trying to cope with the mental pressures they put on themselves and by other people. Although the differences between these two novels are The Bell Jar shows EstherÃ¢â¬â¢s life before she descends into mental illness whereas SusannaÃ¢â¬â¢s story is about her time in a mental institution and experiencing other patients who are in similar situations. The title Girl, Interrupted Ã¢â¬Å"Interrupted at her music: as my life had been, interrupted in the music of being seventeen... What life could recover from that?Ã¢â¬ refers to the painting as she sees it as a distillation of her own experience. Just like the girl in the painting was interrupted so was Susanna and for two years she was unable to live the life that she wanted to. The Bell Jar is a metaphor used by Sylvia Plath to show that Esther is trapped inside her own head and is unable to escape the doubtful and insecure thoughts she has. It is also used as a metaphor for society as people are unable to escape from the expectation which society puts upon them. Girl, Interrupted and The Bell Jar both on different levels reflect the authors Susanna Kaysen and Sylvia PlathÃ¢â¬â¢s life story. The Bell Jar especially becomes very similar to an autobiography to Sylvia PlathÃ¢â¬â¢s life because the eventsShow MoreRelatedAnalysis Of `` The Yellow Wallpaper `` And The Memoir Girl, Interrupted By Susanna Kaysen1515 Words Ã |Ã 7 PagesSylvia Plath s novel The Bell Jar, the short story The Yellow Wallpaper by Charlotte Perkins Gilman, and the memoir Girl, Interrupted by Susanna Kaysen all tell the story of three women slowly descending into mental illness. Esther, the main character of The Bell Jar falls into a deep depression and attempts suicide despite appearances of being successful. The unnamed narrator of The Yellow Wallpaper becomes insane under the care of her physicist husband, John. And Susanna, the autobiographical
Tuesday, May 5, 2020
Question: Discuss about the Management and Organisations in a Global Environment. Answer: Acceptance of Taylorism in contemporary organization The Taylorism is adopted in the Australian, American or European organization but not in the original form. Grachev and Rakitsky (2013) depicts that technology and automation are changing day by day and accepting this theory like traditional way, does not maximize the productivity and profitability. Traditionally, this theory is used to increase the productivity by eliminating the unnecessary physical movements of workers but in recent times, companies emphasize more on other curricular activities. It is evident that if employees have a time limit, they have the intention to work at faster rates and due to same reason after introducing Taylorism in Ford the productivity increases 300% more than the previous production (Witzel and Warner 2015). Moreover, in recent times, the principle idea of breaking the long processes in pieces is also adopted by the contemporary organization that is the key to success for an organization in information technology (Bell et al. 2015). Kemp (2013) als o illustrates that with the application of the Taylorism, attractive packages and job security for employees id also a significant factor that modern companies also were taken into consideration for obtaining success in the business. Taylorism in Call Centres Sinha and Gabriel (2016) portrays that Taylorism cannot be completely implemented in call centers as call center is divided into different sectors departmental wise depending on the area of expertise of employees. They have the target to help a certain number of customers, so if there is a time boundary for them, definitely they can serve more customers but on the same time, the time specified for each customer may not be same. So, Brophy (2015) depicts that they focus more on satisfied customers rather a number of calls. Therefore, Witzel and Warner (2015) affirm that Taylorism can be seen in the approach, where the more the customers serve the best service to the organization, they can attain attractive packages and recognition. Impact of Taylorism in modern world It is obvious that some traditional approaches are beneficial for the growth of the organization and the prime object for the Taylorism is to increase the financial growth by utilizing the maximum employees capability (Bell et al. 2015). The contemporary institutes also emphasize more on the maximum ability of the employees; however, the way of implementation of this theory is different. According to the video, the task is divided into several departments so that big projects can be divided into the module and easily manageable. Parker (2016) portrays that this policy is equally applicable in the modern institute where big companies are often divided into several departments. On the other hand, Hamel and Breen (2013) negates that when organizations structure does not have a specialized job, companies usually fail to adapt to changing circumstances that are following the Taylorism principle and hence this principle is best suited for small companies. This inflexibility does not work w ell in a contemporary organization where managers equally emphasize on the betterment of the employees. Taylor et al. (2013) on the other hand illustrates that in recent times, managers also focuses on assembly line automated technique so that better results can be obtained in lesser time. As per as the provided video, a different rule is implemented where workers are allowed to pull the cars through one workstation after another, which led to the birth of assembly line. Implementation of this principle results in the total manufacturing time of each car reduced to one and a half hour. In addition to that, during that era, time bounds are provided to each employee to maximize their working ability and as a result, the person who loaded 12 tons materials on a daily basis, loads 47 tons of materials at the same time that enhances the productivity of Ford (Witzel and Warner 2015). In a contemporary organization, the same principle is applied however regarding targets, in the completion of which the employee will get extra financial and emotional benefits. Grachev and Rakitsky 2013) depict s that this validates the term that we take care of our employees who in turn takes care of our business. Fayolism as the Necessary Complement of Taylorism Taylor has some major principles- Daily work carefully planned and laid out for workers, standard coordination between equipment and working procedures, attractive packages for employees (Cristallini and Savall 2014). The primary reason for formulating these principles is that an organization has to provide a huge portion of revenue for labor. Therefore, Taylor depicts that offering great packages to these employees will motivate them to do more work and this principle is followed by modern managers also. Moreover, Parker (2016) defines that Fayolism follows some major principles like- Division of work, authority and responsibility, order, equity, a subordinate of individual interest to general interest, the stability of tenure, the unity of direction, scalar chain and chain of command. All these principles play a crucial role for better associativity with1 the work in the workplace which enhances the productivity. Brophy (2015) portrays that according to Taylorism workers are consid ered as machines whereas Parker (2016) negates that according to Fayolism workers are considered as an important asset for the organization. In Mr. William's case, from the provided case study, Taylor enlightens that being a production manager, Mr. William has to fulfill some criteria like- interpretation of the policies of the stockholder, finding out objectives of the enterprise, scope and limitations of the organization, recruitment of skilled employee, following up with the activities of the company along with the appraisal of good work of the employees. All these responsibilities are job oriented; however, following Fayolism, it is found that management of a company required skills other than engineering. Fayol considers education for administration for achieving business objectives and differentiates administrative function than technical function. Cristallini and Savall (2014) illustrates that higher authorities of an organization like chief executive determines policy, administration and management and on the same hand they have to handle employees by suggesting them alternative policies in case existing policies are hard to follow. The chief executive applies Fayol's "administrative function" and Taylor's principle of achieving the greatest volume of work together for the best result in the productivity of the organization. Reference List Bell, R.L., Kennebrew, D. and Blyden, L., 2015. An Increasing Utility for the Early Management Approaches. Brophy, E., 2015. Labour Markets and Identity on the Post-Industrial Assembly Line Answer the Call: Virtual Migration in Indian Call Centres Call Centers and the Global Division of Labor: A Political Economy of Post-Industrial Employment and Union Organizing. Labour/Le Travail, 75. Cristallini, V. and Savall, H., 2014. The Taylorism-Fayolism-Weberism Virus. In Facilitating the Socio-Economic Approach to Management-Results of the first SEAM Conference in North America (p. 9). IAP Age Publishing (USA). Grachev, M. and Rakitsky, B., 2013. Historic horizons of Frederick Taylor's scientific management. Journal of Management History, 19(4), pp.512-527. Hamel, G. and Breen, B., 2013. The future of management. Harvard Business Press. Kemp, L.J., 2013. Modern to postmodern management: developments in scientific management. Journal of Management History, 19(3), pp.345-361. Parker, L.D., 2016. The global Fayol: contemporary management and accounting traces. Entreprises et histoire, (2), pp.51-63. Sinha, S. and Gabriel, Y., 2016. Call Centre Work: Taylorism with a Facelift.Re-Tayloring Management: Scientific Management a Century On, p.87. Taylor, R.H., Perissinotto, R., Stretch, D. and Taylor, R.H., 2013. Management history. Ecology and Conservation of Estuarine Ecosystems: Lake St Lucia as a Global Model. Cambridge University Press, New York, pp.21-47. Witzel, M. and Warner, M., 2015. Taylorism revisited: Culture, management theory and paradigm-shift. Cambridge Judge Business SchoolWorking paper number 01/2015.
Sunday, April 12, 2020
Telling the truth is the most important thing to do. It is better to tell the truth and admit mistakes. Everybody should tell the truth all the time to feel more comfortable. Sometimes people have to use the polite way to express their opinion. For the fact that, it will be easier and it will also be great because they are admitting their mistakes. People can appreciate this type of behavior and that gives value to them. For example, when someone lies to their wife or husband because he or she had a relationship with someone else; itÃ¢â¬â¢s better to tell the truth because they will feel guilty all their life even if they think that they can lose their husband or wife. People who tell the truth become more truthful. Our own image must be appreciated by everybody. We have to keep a good image of ourselves. In other words, we should be honest in all situations because we trust people when they have a reputation for telling the truth. We will write a custom essay sample on Should We Always Tell the Truth or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page An honest person will become a trustable person. It is the most important feeling that many can receive. For example, if someone lies and we know that what that person said was a lie; then we are not going to trust this person again. His image of himself will not be good. When we tell the truth, it is easier to support our own idea or opinions because we donÃ¢â¬â¢t have to invent a story. People who lie invent a huge story. But if someone asks some details, we will probably be lost and forget some details to make sense of our lie. We can think that not telling the truth is.
Tuesday, March 10, 2020
Installing Gems from Git Repositories Many gems are hosted on git repositories, such as the public repositories on Github. However, to get the latest version, quite often there are no gems built for you to install with ease. Installing from git is quite easy though. First, you have to understand what git is. Git is what the developers of the library use to track the source code and to collaborate. Git is not a release mechanism. Its important to note that the version of the software you get from git may or may not be stable. Its not a release version and could contain bugs that will be fixed before the next official release. The first thing you have to do in order to install gems from git is install git. This page of The Git Book explains how to do this. Its rather straightforward on all platforms and once its installed, you have everything you need. Installing a gem from a Git repository is going to be a 4 step process. Clone the Git repository.Change to the new directory.Build the gem.Install the gem. Clone the Git Repository In Git lingo, to clone a git repository is to make a copy of it. Were going to be making a copy of the rspec repository from github. This copy will be a full copy, the same the developer will have on their computers. You can even make changes (though you wont be able to commit these changes back into the repository). The only thing you need to clone a git repository is the clone URL. This is provided on the github page for RSpec. The clone URL for RSpec is git://github.com/dchelimsky/rspec.git. Now simply use the git clone command provided with the clone URL. $ git clone git://github.com/dchelimsky/rspec.git This will clone the RSpec repository into a directory called rspec. This directory should always be the same as the final part of the clone URL (minus the .git part). Change to The New Directory This step, too, is very straightforward. Simply change to the new directory created by Git. $ cd rspec Build the Gem This step is a bit more tricky. Gems are built using Rake, using the task called gem. $ rake gem It may not be that simple though. When you install a gem using the gem command, silently in the background it does something rather important: dependency checking. When you issue the rake command, it may come back with an error message saying it needs another gem installed first, or that you need to upgrade a gem already installed. Install or upgrade this gem using either the gem command or by installing from git. You may have to do this several times depending on how many dependencies the gem has. Install the Gem When the build process is completed, you will have a new gem in the pkg directory. Simply give the relative path to this .gem file to the gem install command. Youll need administrator privileges to do this on Linux or OSX. $ gem install pkg/gemname-1.23.gem The gem is now installed and can be used just as any other gem.
Sunday, February 23, 2020
Mobile Online Gambling in the United States - Essay Example Mobile online gambling in the United States has become so outrageously flared up with traditional gambling being translated into mobile online applications that are carried out with simple touches and delicate presses. Although it was initially denied legalization way back in 2002, online gambling, particularly mobile online gambling has been decriminalized with a lower court dissenting that the Federal Wire Act does not rule out online gambling on a game of chance. As a result, various online platforms have designed various mobile online gambling that includes poker, casinos, sports betting, bingo, lotteries, and horse racing betting among others. The most common tools used to participate in a mobile online gambling are tablet computers, smart phones, and even mobile phones. And in 2011, it has been found that there are more than twelve online casinos doing gambling operations. These mobile casino games are able to rake billions of dollars out from the pocket of mobile gambling enthusiasts. The money is generated by participants making bets on a particular game, which are then paid through credit cards, debit cards or through various electronic commerce business companies such as PayPal or Skrill. Many signs have confirmed the rapidly increasing participation of gamblers in mobile gambling. In the United States, the surge cropped up as a result of the repealing of the Unlawful Internet Gambling Enforcement of 2006, allowing people to reengage in mobile online gambling. Projections come out to show that more and more people are drawn to involve in the online gambling market activities, especially with many smart phones and tablet computers upgrading their features. Although, many casinos use simulated monies in carrying out online gambling, today there are over 100 mobile online games that allow the use of genuine money. This ongoing development in the mobile gambling is projected to rise indefinitely. The projections can