role of strategic_management

May 29th, 2015
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Abilene Christian University
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Strengths of NUCOR: • The firm was very experience in Electronic • The President of the firm was very competitive and he had huge experience in steel industries. The firm was also producing steel products in the history

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SUBJECT: STRATEGIC MANAGEMENTNAME: NAYAN M. GARGEROLL NO. : 12SEMESTER: 4THDATE: 06/04/2011Que 1: Consider NUCOR as it was in 1965-67prior to entering into steel business. Identify the strengths and weaknesses of the firm. What are the reasons that made it go for steel business?Ans: Strengths of NUCOR:The firm was very experience in ElectronicThe President of the firm was very competitive and he had huge experience in steel industries. The firm was also producing steel products in the historyWeakness of NUCOR:The firm got bankruptNUCOR was not stabilized in terms of business and they were trying to enter into too many business like Nuclear Plant business, Automobile and Electronic. The firm was not succeeded and failed to make faith in the Market Reasons that made NUCOR to go for steel business1. There was a demand in the steel industry during that time period frame2. Steel was very basic need for infrastructure point of view and NUCOR thought that this is a good area to enter into3. NUCORs president had some experience about metal industry4. The raw material was easily available5. President put right skill full people to work on steel pr

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