Impact Of Globalization On Income Distribution

Impact Of Globalization On Income Distribution
Introduction Today we live in an extremely dynamic and globalized business environment, it is perhaps the driving forces of capital and trade streams
across the borders. Globalisation has integrated financial markets, labour productivity and product implementation with the economical factors across
the globe (Lynn et al 2004). The most crucial discussions on the aspects of globalisation are the impact of increased economic integration on income
distribution (Lingard & Rizvi 2007). One of the biggest business challenges in recent times involves understanding how to respond to an environment
that is unpredictable and markets in which the basis of the competition is continuously changing. Alongside the unpredictability, any attempt to set...
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With the growth of transport and communication networks possible, individuals and businesses can exchange goods, services and information at a rate
which us humans would have considered impossible 50 years ago. From improvements in the economy, rise in emerging markets and dramatic growth
in technology, businesses have little or no choice but to adapt to the dynamics of globalisation and design strategies that compliment the compliance
structure of current market trends and institutional conditions (Ghemawat, 2003). Organisational culture is also known to be classified by measures
dictated by these forces. This paper analyses how global forces impact the current and future elements of business and society emphasizing on factors
such as technological developments, rise of emerging markets, demographic shifts and future of labour market, focus on sustainability and economic
globalisation. Specifically, the paper will focus on what factors affect the financial and economic integration and how technology and demographic
changes affect the future market trends and what aspects need to be considered in the coming future. Furthermore, it will articulate the importance of
designing business goals around the elements of sustainability and global economic concentration levels of leading industries taking over the market.
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Merchant Shipping Activities Remain The Pillar Of Global...
1. Introduction
According to the OECD (2012) merchant shipping activities remain the pillar of global trade, with more than 80% of international cargo transported
via sea. Throughout history, maritime activities have played a vital role in shaping the world, from fishing, to the transport of people during the age
of discovery, as well as global trade. With world trade growth being the core driving force behind maritime trade, other factors include; institutional
and technological factors, freedom of trade, as well as China's participation in the global economy (World Ocean Review n.d.). As shipping is a
derived demand, developments in maritime transport are thus shaped by global macroeconomic trends. The biggest problem in shipping is the ability
to forecast long term freight rates, and current tools such as generalized autoagressive conditional heteroskedasticity (GARCH) are often aimed at
short term correlation. GARCH is an approach which helps describe market volatility (Investopedia n.d.). Freight rates essentially drive the shipping
industry in terms of fleet size, and are often a good indication of the strength or weakness of the shipping market. The volatile state of the current
market means the accurate need for forecasting and keeping up to date with trends is imperative. This report aims to provide an overview of current
trends in merchant shipping.
2. Ownership
2.1 Flags of convenience and the largest ship owning countries Panama – with a population of just

U.s. Steel Protection : Advancement Options
Cody Goodin U0352255 ECON–5550–001 U.S. STEEL PROTECTION––ADVANCEMENT OPTIONS I. ISSUE: As of December of this year, a
complete report has been announced via The United States International Trade Commission (USITC) affirming damages to U.S. steel manufacturers
from imports abroad. Because of additional broad domestic concerns, including bankruptcies with domestic steel manufacturers, immediate
multifaceted relief is necessary. Domestically, early in this same year, imports have increased and have been negatively coupled with slowed industrial
growth. Abroad, foreign firms may attempt to retaliate against U.S. exports or seek other detrimental concessions. Because of the divisiveness between
these entities, it is necessary to find... Show more content on Helpwriting.net ...
market. As a result, the union of United Steelworkers of America would launch a multi–million dollar marketing campaign denoted as "Stand Up for
Steel," while also attempting to wield influence through The Congress and executive branch. Here the group pushed for import quotas and the
implementation of a Section 201 arrangement. Despite this, the U.S. steel industry would subtly oppose the union positions vis–Г –vis a Section 201
and quotas, before eventually capitulating. Particularly in the case of the former, the industry feared the risks a Section 201 could bring. Further, with
the conclusion of Bush and Reagan administrations' voluntary export restraints (VER), anti–dumping cases would become the largest aim and solution
for the industry. Indeed, numerous steel firms would initiate anti–dumping cases in 1998 against Russia, Japan, and Brazil, where the union would
eventually join them. Here, momentum against the Clinton administration would build via Senators Arlen Specter (R–PA) and John Rockefeller
(D–WV) in easing Section 201 implementation. Coupled with this, a declaration by way of The House would demand a ban on inequitable steel
imports from several countries for one year. Despite their condolences the Clinton administration would be skeptical about any sharp response. Here,
Treasury Secretary Robert Rubin would hold

What Are The Factors Involved In Process Of Economic...
The factors involved in process of economic growth of nations have transformed overtime, from savings to trade, foreign investment and human
capital base of the country. With opening up of the economies and the formation of multiple agreements among the countries, trade and FDI have
become the major medium of accord among the economies. There has been surge in FDI inflows ever since the countries adopted liberalisation
policies across the globe. The countries have been looking for policies to attract more FDI by boosting investment climate in their countries, to finance
their process of growth and development. The table 1.1 shows inflows of FDI in countries in different income groups. The largest increase in FDI
/GDP ratio has been in... Show more content on Helpwriting.net ...
Textile industry contributes 14% of industrial output and 4% of the total GDP in India. "The country attracted $198.86 million foreign capital in the
sector during April–March 2013–14, up 91.41 per cent", says Business Standard, August, 15, 2014. Textile industry also allows for 100 % FDI under
automatic route. The government has come up with Technology Up gradation Fund Scheme, Integrated Textile Parks, Integrated Processing Schemes
and Integrated Skill Development Scheme. Chemical sector contributes 16 % of manufacturing GDP and 2.11% of Indian GDP. This sector has
estimated size of the market US$ 144 billion and covers 70,000 commercial products. This sector also allows 100% FDI under automatic route besides
a few restrictions on industries registered under MSME sector. Strong domestic and export demand have caused growth of the sector. The government
has begun policy to setup Petroleum, Chemicals and Petrochemicals Investment Regions (PCPIR) which is an investment region spread across 250
square kilometres with basic infrastructure for the manufacture of domestic and export related products of chemicals, petroleum and petrochemicals.
Consumer goods industry has grown with compound annual growth rate of 10.8% for the period 2003–2012. With 65% of urban market the industry, it
allows 100% of FDI in single brand retail and 50% in multi–brand retail industry. Crude steel production has increased at CAGR of 8.2 % between

Sustainability Of Tata Steel
INTRODUCTION
Most of the Top performing companies in India and around the world have increased their focus on sustainability and improved their current efforts
around reduction of emissions, water, energy, climate change and waste management. We know that according to Brundtland definition of Sustainable
Development "a development that meets the needs of the present without compromising the ability of future generations to meet their own needs", Tata
Steel is a good example for this definition. [1]
Tata Steel was established in Jamshedpur in 1907, under the supervision of Jamsetji N. Tata, is today a global business enterprise having services and
products in more than 150 countries and have employees spread across five continents, and they are world's second–most geographically diversified
steel producer. Tata Steel is among the top global steel companies in the world.Sustainability is one of the important aspects of the culture of Tata Steel.
The founder of Tata group, JN Tata's belief that "the community is not just another stakeholder in business, but the very purpose of our organization's
existence." In the span of few years, Tata Steel company has taken the top position in the world of industry in many aspects and has been recognized
as a top leader in many ... Show more content on Helpwriting.net ...
In recent years, Tata Steel's CSR programs have implemented a different and a new approach towards development and improvement of most of the
programs and initiatives that are designed and is delivered through grassroots engagements within village panchayats. The key aspects of sustainability
approaches are mentioned below refer Figure (1):
1. Stakeholder engagement
2. Corporate sustainability team
3. Participation in national and international forums
4. External expert's

iSteelAsia: A Secure, Neutral Steel Trading e-Commerce...
I Steel Asia case
iSteelAsia is a secure, neutral steel trading e–commerce platform created by Andrew Cho Fai in december 1999 for steel industry professionals.
Indeed, iSteelAsia enables users to purchase and sell steel, network with a global community of steel traders and find informations and news concerning
steel industry.
1) Describe briefly the market itself and the market conditions (positive / negative trends, opportunities / threats) under which iSteelAsia developed.
Identify more specifically the threats that the company faces or may face in the near future.
The market under which iSteelAsia developed is the market of the Steel in Asia. After, the crisis of 2001, the global steel market have known a
development of ... Show more content on Helpwriting.net ...
Moreover, there is an other danger that the players don 't manage or don 't want to deal with this new e–commerce kind of trading and finally prefer to
trade with tradionnal companies, and that the customers stay cagey of this system of trade. Indeed, the players may not trust new technologies or may
not want to change their habits, or don 't have enough knowledge to feel confident to deal with this kind of companies.
Eventually, the iSteelAsia have to worried about competitors, notably about US and Europe competitors (they are more advanced in e–commerce
technology). So they have to all the time innovate and up–to–date their skills and knowledge to don 't lost their market share.
Also, there is an other risk because of the Asian boom technologic. Indeed, there will be a lot of news local start–up, so a lot of news competitors on
the market.
Besides, the news competitors should have better knowledge because they just graduated from graduate schools.
2) Describe what iSteelAsia offers to the market (use the value delivered to the customer В« benefits/costs В» framework) and more particularly the
way through which iSteelAsia used e–commerce to offer more to the customer, compared to its previous, В« tradionnal В» operations.
IsteelAsia proposes a neutral vertical portail, offering online trading and informations about the steel industry. Globally, it proposes a global view of the
steel market, for instance about the prices and the economic trends. It

Steel Industry
Analysis of Indian Steel Industry
Submitted by: Purvi Tibrewalla Roll 146, Sec B.
Submitted to: Ms. Paramita Sarkar
1
DECLARATION
I hereby declare that the work presented in this Project entitled "Analysis of Indian Steel Industry" submitted to Ms. Paramita Sarkar full–time faculty
at Smt. J.D.Birla Institute (Department of Management), Kolkata is an authentic record of my original work. The total word count of this paper is
18113 words.
Purvi Tiberewalla
2
ACKNOWLEDGEMENT
"A student is always incomplete without the guidance of his teachers."
The successful completion of a task is incomplete without mentioning the name of the person who extended his help and support in making it a
success. Firstly, I would like ... Show more content on Helpwriting.net ...
20 III.2. Steel production processes ................................................................................. 22 III.3. Types of steel
....................................................................................................... 24 III.4. Components of the cost of production ..............................................................
25 IV. Institutional Design ............................................................................................... 27 IV.1. Introduction
........................................................................................................ 27 IV.2. Policy regime for the Steel sector in India........................................................
28

5
IV.3. Role of Government ........................................................................................... 29 V. Performance of the Indian Steel Industry
............................................................ 30 V.1. Production of Steel ............................................................................................... 30 V.2. Steel
Producers In India ...................................................................................... 32 V.3. Export and Import Of Steel
................................................................................ 33 VI. Industry Analysis36 VI.1. Michael Porter's Five Forces Model

Nucor Corporation Case Essays
Assignment #4: HRM Issues/Diversification Strategies: Nucor Corporation
Strategic Management, Business 599
Introduction In this paper, we will present an analysis of Nucor Corporation in Case # 10 (Arthur, Strickland, & John, 2010). The paper will discuss
the trends in steel industry and how it may impact Nucor's strategy. In addition, the paper will describe the organizational and management philosophy
at Nucor. Furthermore, the paper will identify 3 HRM issues related to strategy implementation and recommend actions to address these issues.
Recommendation whether a related or unrelated diversification should be used will also be discussed. Finally, we will be looking at Organizational
structure issues the company ... Show more content on Helpwriting.net ...
manufacturing GDP. The industry has undergone a major transformation since its recession during the late 1980s, investing in new process and
product technologies and closing older mills. Today's steel industry is technologically sophisticated, employing over 189,000 American production
workers in jobs paying about 55% above the average for all U.S. manufacturing. The United States is the largest steel producer in the world,
producing 112 million tons of raw steel in 2000, 12% of total world production. The industry has recently experienced large levels of imports because
of world steel overcapacity resulting from economic downturns in Asia. The industry's return on sales for the year 2000 was –2.8%.] Nucor's strategy
focused on two major competencies: building steel manufacturing facilities economically and operating them productively. The company's hallmarks
were continuous innovation, modern equipment, individualized customer service, and a commitment to producing high–quality steel and steel
products at competitive prices. Nucor was the first in the industry to adopt a number of new products and innovative processes, including thin–slab cast
steel, iron carbide, and the direct casting of stainless wire. Nucor's analysis will primarily focus on management's ability to allocate resources while
cutting costs and competing in international markets. The industry itself does not allow for product differentiation or immense

Essay about The Establishment of Globalization
Traditional international trade involves a complex system of trade barriers to ensure the protection of domestic industry and its workers interests. The
trade impediments and subsidies include protective tariffs, import quotas, non–tariff barriers such as licensing, and export subsidies. Originally, a
country's economy acted independently of other nations. The growing trend since the establishment of GATT in 1947 is globalization.
Introduction
In globalization, a country acts as a part of a free trading community consisting of member nations around the globe. As a trading community, trade
problems can easily be resolved through negotiations rather than a trade war (McConnell 104–105). The US government employs the use of protective
... Show more content on Helpwriting.net ...
Currently, there are several products, which have an AD order on them; barbed wire and barb less wire strands, welded carbon steel pipe and tubing,
line and pressure pipe, oil country tubular goods, hot rolled carbon steel flat products, corrosion–resistant carbon steel flat products, cotton shop towels,
solid urea, steel concrete reinforcing bars, sugar, cut–to–length carbon steel plate, stainless steel plate in coils, iron construction casting, carbon steel
butt–weld pipe fittings, brass sheet and strip, frozen concentrated orange juice, industrial nitrocellulose, silicon metal, circular welded non–alloy steel
pipe, stainless steel wire rod, silicomanganese, stainless steel wire rod, stainless steel bar, line and pressure pipe, new steel rails, pure and alloy
magnesium, fresh Atlantic salmon, preserved mushrooms, chloropicrin, barium chloride, greig polyester cotton print cloth, natural bristle paint brushes
and brush heads, petroleum wax candles, porcelain–on–steel cooking ware, tapered roller bearings, heavy forged hand tools w/wo handles, sparklers,
sulfur chemicals, sulfanilic acid, helical spring lock washers, sebacic acid, paper clips, cased pencils, coumarin, fresh garlic, furfuryl alcohol, glycine,
melamine institutional dinnerware, to obtain a complete product listing visit the antidumping website.
Countervailing duties are used to help industry compete against foreign subsidized industry. A country will subsidize an industry it

Case Study on Nucor Corp
Case 2: Nucor Corporation: Competing Against Low–cost Steel Imports
The Company, Nucor Corporation, started its operation in nuclear instrument and electronics business in early 1950s to early 1960s. Facing
bankruptcy, the board of directors opted for a new leadership and appointed Kenneth Iverson as president and CEO. He concluded that to be able to
avert bankruptcy is to exit the nuclear instrument and electronics business and rebuild the company around its subsidiary, Vulcraft, which is engaged in
steel joist business. After its integration, it has expanded its operation in steelmaking seeing opportunities on newly emerging technology to produce
steel more cheaply.
At the turn of the century, Nucor was the second largest steel ... Show more content on Helpwriting.net ...
These strategies have been very effective in terms of expanding its resources as well as conceptualization of new technology (using electric arc furnace
as alternative to conventional furnace) and improvement of plant efficiency thru equipment upgrades. The usage of the technology has allowed low
investment cost for facilities and equipment that eliminated expensive steps in steel making. Also the use of scrap materials has lessened the
purchase of ore for steel making. Furthermore, joint ventures have given them option to join global market of steel producers. However, Nucor
should be also wary on possible entrants that could offer low cost steel which might be a reason for a loss of customers which in–turn loose potential
income and worst cut jobs.
Steel, being a commodity that is dictated by market demand, has been changing continually. But being a low cost provider, it has resulted to numerous
customers entering into non–cancellable contracts.
Organization and Management in Nucor had a simple and streamlined structure to allow employees to innovate and make quick decisions. The
company was highly decentralized with most day–to–day operating decisions made by division or plant level managers and their staff. When someone
is performing below expectations in

What Is Nucor's Failure
1. Give a synopsis of the case. Nucor's has had a stimulating company history that emerged from two corporate failures. Nuclear Corp. which objective
was to participate in the conglomerate trend popular at the time. Nuclear at this time acquired a various high–tech business, such as radiation sensors,
semiconductors rare earth, and air conditioning equipment. The company did not create profits and was eventually reorganized in 1966 with Ken
Iverson in charge. Iverson should be viewed as the founding father of what we know as Nucor today. Iverson was hired because of his great
knowledge and experience of both Aeronautical engineering and business management. He singled handily prevent Nucor's 1965 Bankruptcy by
liquidity and permanently closing esoteric, unprofitable, unrelated, high–tech divisions and concentrated on the steel joist business. This action proved
to be successful. Nucor contained on this successful trend by opening additional joist plants and in 1968 ... Show more content on Helpwriting.net ...
The company has invested in the employees to achieve their company success. Nucor maintains low costs by keeping the employee force at the
level it should be, not doing things that aren't necessary to achieve our goals, and allowing people to function on their and their own and by judging
them on their results. To keep a cooperative and productive workforce you need, number one to be completely honest about everything, number two
to allow each employee as much as possible to make decisions about their work , to find easier and more productive ways to perform duties and their
and number three, to be as fair as possible to all employees. As an HR Major, I can really appreciate this method of self–evaluation and feedback
process. I think this a bit too much independence in my opinion but I really do think that this is a great exercise to gain feedback from lower level
employees on daily task to keep cost down and a productive

Iron & Steel Industry in India
The objectives of the study are as follows: To analyze the top and bottom five Iron and Steel Industries in India Analyzing the trend of key ratios
across the top and bottom five Iron and Steel companies in India Finding the factors responsible in the production of Iron and Steel To analyze the data
of the associated factors and finding a model for demand in Indian Iron and Steel Industry in 2010 Overview The steel industry is a dynamic, innovative
sector, which is constantly adapting and refining itself to become more competitive in the market. The industry does this by developing new, improved
steel grades and production procedures that produce better and more cost–effective product lines for ... Show more content on Helpwriting.net ...
However, the 1973–4 oil crisis put a brake on the fast pace of steel production growth and further led the global steel industry into a transformation era
lasting two decades. The period 1975–2000 was characterized by production stagnation, in terms of scale, and structural transformation driven by
widespread technological innovation which created 75% of the categories of steel products used today. Current Global Scenario In the year 2000, the
World Crude Steel production was 848 million tonnes, showing an impressive growth of 7.6% over the previous year. The world steel consumption
also rose by almost 8%. The international steel trade constituted around 303 million tons or 40.5% of the production. In 2001 and 2002, world crude
steel production was 833.70 million tonnes and 886.70 million tonnes, respectively. The following significant developments have been witnessed
recently in the global steel scenario: There has been a spate of mergers and acquisitions all over the world in the steel industry. This is a relatively new
development in the steel industry and is not confined only to companies within the same country but often involved cross border acquisitions and
mergers. China has emerged as the most vibrant market for steel production and consumption. The crisis of excess capacity and

Nucor
–295275–371475Nucor Corporation Competing against Low–Cost Steel Imports 110000110000Nucor Corporation Competing against Low–Cost Steel
Imports What are the primary competitive forces impacting U.S. steel producers in general and the producers like Nucor that make new steel products
via recycling scrap steel in particular? Please do a five–forces analysis to support your answer. As mentioned in the case the main problem is the excess
of steel in the steel market. Right now foreign steel is being dumped in the US. This results that supply exceeds demand which results off course in
decreases of profit for many steel companies. This gives a lot of pressure to the companies and most of them are not able to survive the pressure and...
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The reasons are the following: Because of globalization all the markets are open and easier to enter for companies all over the world. This increases
the entrance of foreign competitors like Chine, Italy, South Korea etc. Another factor are the energy and raw material costs that effect the profit of a
company. Not to forget that the economy itself is really unstable. Last but not least the government regulation and laws that can increase the prices of
the products as well. We believe that they should expand. Nucor is self–reliant and has a good strategy which made the company the second largest
producer in the US. They should expand to global market to be able to increase their market share. They can go to markets such as Russia, China
or Brazil, since they are dumping into the US market. However they should evaluate the Porter five forces before making any decisions since these
markets are really competitive. What type of strategy has Nucor followed? Which of the five generic strategies discussed in Chapter 5 is Nucor
employing? Is there any reason to believe that Nucor has achieved a sustainable competitive advantage over many of its steel industry rivals? If so,
what type of competitive advantage does Nucor enjoy? The core strategy of Nucor is that of cost leadership via the use of technology. Through
innovation and the use of high quality technology to process their steel, Nucor was able to achieve this cost advantage.

Iron and Steel Industry
1. INTRODUCTION
1.1 Field Of Research
The field of research is to study the factors which affect the profitability of IRON AND STEEL industry, which is the most crucial element for the
growth of any developed or developing economy. It acts as backbone of human civilisation. It is a product of a large and technologically complex
industry having strong forward and backward linkages in terms of material flows and income generation. With regards to Indian Economy it is one of
the most energy intensive sectors. Increase in productivity can be achieved through cleaner technologies and manufacturing process which will help in
merging Economic, Social and Environmental Objectives. Many companies in the past many years have undergone mergers ... Show more content on
Helpwriting.net ...
Export restrictions were eliminated 3. Import tariffs were reduced from 100 percent to 5 percent 4. Decontrol of domestic steel prices 5. Foreign
investment was encouraged, and the steel industry was part of the high priority industries for foreign investments and implying automatic approval for
foreign equity participation up to 100 percent. 6. System of freight ceiling was introduced in place of freight equalization scheme.
As a result, the domestic steel industry has since then, become market oriented and integrated with the global steel industry. This has helped private
players to expand their operations and bring in new cost effective technologies to improve competitiveness not only in the domestic but also in the
global market. Private sector contribution in the total output has since been increasing in India. Development of private sector has caused high growth
in all aspects of steel industry that is capacity, production, export and imports. During the last decade more than 12 Mt of capacity has been added in
the steel industry, this is mostly in the private sector. Recently, the steel industry is receiving significant foreign investments such as POSCO South
Korean steel producer and Arcelor–Mittal Group UK/Europe based steel producer announcing plans for establishing about 12 Mt production units each
in India.
2.2 AN OVERVIEW
Today IRON AND STEEL industry is facing a slowdown due

Nucor's Strategy in the Steel Industry
The Steel Industry
BUS 599
Strategic Management
1. Discuss the trends in the steel industry and how it may impact Nucor's strategy
According to Economy Watch, it has been stated, "that from the period starting from 1910 till the year 1960, the first position in terms of producing the
largest amount of steel in the whole world was captured by United States Of America. During this period it was observed that almost half of the total
steel production around the globe was produced by USA. But the scenario started to change after the countries like Japan and China came to the fore"
(Economy Watch, 2010). This is one of the major trends that Nucor was realizing when it came to the Steel industry around the world. Steel was
becoming a ... Show more content on Helpwriting.net ...
The company was not all about the corporate headquarters, but more in tune with the individual plants. Each plant had either a general manager or a
group manager. "The group manager or plant general manager had control of the day –to–day decisions that affected the group or plant's profitability"
(Thompson, Strickland, & Gamble, 2010). These general managers report to the assigned VPs at headquarters. This gives each plant a sense of
independency where they are able to make their own decisions on how their plant will be ran. Many other companies would be hesitant to implement
such a open door policy but this obviously has worked for them. The main concept is to decentralize their operations mas much as possible. Each
section does their own thing their own way. As long at each section was making money, operating in the black and hitting their profit target, they could
operate without much objection from corporate. needs to step in and help when a plant is falling behind on their numbers for the year. 3. Identify three
(3) HRM issues related to strategy implementation and recommend actions to address these issues.
General managers must operate at a capacity and efficiency to make a 25 percent return for the company. This is a pro when it comes to running a
plant in their own way but it definitely could cause the company to keep a close eye on a general manager if they do not meet their quota for the year.
Furthermore, they indicate

Nucor Swot Case Study
Mission Statement
The following is Nucor's Mission Statement from their company website:
Nucor Corporation is made up of 17,300 teammates whose goal is to "Take Care of Our Customers." We are accomplishing this by being the safest,
highest quality, lowest cost, most productive and most profitable steel and steel products company in the world. We are committed to doing this while
being cultural and environmental stewards in our communities where we live and work. We are succeeding by working together.
Strategic Profile and Case Analysis Purpose Nucor is a leading steel manufacturer and recycler in the United States. Their headquarters are located in
Charlotte, North Carolina, and the company is made up of about 17,300 ... Show more content on Helpwriting.net ...
The steel industry is also a predominately male–led industry. This is evident by Nucor's leadership circle, and executives, where only one woman is
present. This lack of diversity has an impact on the industry, and limits the potential of the industry with a mainly male run workforce.
Technological There have been many advances in the steel industry, especially many from Nucor. Although the steel industry hasn't typically been seen
as a technological industry, a lot of technology is needed to run the equipment and milling processes. A new development is the twin shell electric arc
furnace, which would help mini–mills increase production, lower costs, and take market share, according to the case study. The article goes on further
to describe the most important advances in technology, saying, "Today's most productive steelmaking facilities incorporate advanced metallurgical
practices, sophisticated process–control sensors, state–of–the–art computer controls, and the latest refinements in continuous casting and rolling mill
technology." Technology is needed to make the best products in the most efficient manner, and the steel industry will see more efficient and positive
changes as technology gets better.
Environmental
Clean air laws are the main issues involving the steel industry. The Environmental Protection Agency has enacted many federal and state clean air rules
as steel

What Are The External Factors Of John Deere
Companies often run into roadblocks when trying to move their business forward. Often times they center their focus on the internal and external
factors that effect the business. Focusing on progressing in today's economy external factors becomes priority for businesses. Being able to focus on
these trends help business to strategically plan for any unforeseen circumstances. Before we evaluate the external factors we must understand there are
two distinguished type of trends in the industry/economy. There are trends that offer strategic opportunities and the other that oppose threats to the
company. Being able to distinguish between the two can open sectors of opportunities and new ventures for the company. John Deere also known as
Deere & Co. has preceded many external factors in their corporation some of which may be posed as threats and others that are opportunities. Each
trend is identified by a specific weight to help businesses to deal with them accordingly. For John Deere being able to obtain patents has been of ease
along with innovation of e–commerce platforms. Nothing weighs in than international presence in the global markets. As these factors identify as
opportunities there is always proposition for threats. John Deere produces agricultural machinery in this industry the weather and natural disasters can
cause ... Show more content on Helpwriting.net ...
has been producing agricultural machinery for decades being able to obtain patents for their products was an easy process. Being a top competitor in
the industry and in competition with only handful of companies put Deere & Co. at advantage. John Deere innovates new machinery and obtains
patents for there products before the release. According to News Rx, John Deere recently obtained a patent for Pressure Based Control System for
Agricultural Implement (ProQuest). Although, the company has been entangled with the law for patent infringement it has shown that constant
commissioner whom issue the patents grants invention by the

A Strategic Analysis Of Onesteel Limited
Student Name: ZUIJIA LIU Student Number: 42280099
MGTS3301 ASSIGNMENT
A Strategic Analysis of OneSteel Limited
Student Name: ZUIJIA LIU Student Number: 42280099 Tutor: Alexander Stathakis Lecturer: Martina Linnenluecke
MGTS3301–Business Policy and Strategy (A Strategic Analysis)
1
Student Name: ZUIJIA LIU Student Number: 42280099
Contents 1. Introduction.................................................................................3 1.1 Report Overview............................................................................3 1.2
Organisation Overview...................................................................3 2. External Environmental Analysis.......................................................4 2.1 Analysis
of Macro Environment........................................................4–5 2.2 Analysis of Industry Environment.....................................................5–6 2.2.1 Threat of
New Entrants..............................................................6 2.2.2 The ... Show more content on Helpwriting.net ...
Economical: Strong Australian currency affects steel manufacturing export and import (Smith 2011) Job cuts and industry shuts due to weak domestic
demand and downturn in the construction industry (ABC News 2011). Social: Changing in preference: the growing availability of alternative
materials may replace steels such metallic glass (Vieru 2011). Skilled worker shortage in Australia (BusinessSpectator 2012) Technological: With the
development of steel industry, new renewable resources are required due to nonrenewable resources will be less and less such as iron ore and carbon
(Szargut, Ziebik & Stanek 2002) Environmental: Steel Industry has impacts on air quality due to the emissions, which may lead climate change.
Environmental pollution requires steel business to reduce the emission in order to develop a clean energy future by advanced technology. Water
saving issue. (Costello 2011) Legal: Changes in taxation regulation such as the federal government passed 30% tax on iron ore and coal mining profit
(Scott 2012).

Among those external aspects, four factors should be addressed which are political, economical and environmental. From the political perspective, the
federal government offers this assistance to adapt and modify steel business models, which to ensure long–term
MGTS3301–Business Policy and Strategy (A Strategic Analysis)
4
Student

Degree of Globalisation of Ford Motor Company
In this report i do an analysis of the degree of globalisation of the automotive industry with special interest in Ford motor company. This analysis begins
with an introduction to the automotive industry then it covers industrialisation of the automotive industry, also globalisation of the automotive industry
and lastly global integration of the automotive industry.
Secondly we focus more on a case study of ford motor company which covers a brief background of Ford, then i consider the challenges of competing
globally and end with product differentiation as an appropriate competitive strategy for the Ford Motor company.
The Automotive Industry
Global vehicle production has more than doubled since 1975, from 33 to nearly 73 million in ... Show more content on Helpwriting.net ...
Japanese automakers have instituted innovative production methods by modifying the U.S. manufacturing model. They are also capable of adapting
and utilizing technology to enhance production and increase product competition.
Starkey,K. & McKinlay, A(2007:75) argues that the rising competition and increasing global trade are the major factors in improving the global
distribution system and has forced many auto–giants such as General Motors, Ford, Toyota, Honda, Volkswagen, and Daimler Chrysler, to shift their
production bases in different developing countries which help them operate efficiently in a globally competitive marketplace.
Globalisation of the automotive industry
Firms globalize when they attempt to integrate key day–to–day functions on a global scale, such as component sourcing, vehicle development, new
model introduction (the Big Three's investments in Mexico are a good example).
From a geographic point of view, the world automotive industry is in the midst of a profound transition. Since the mid–1980s, it has, like many other
industries, been shifting from a series of discrete national industries to a more integrated global industry. Global integration embeds firms in larger
regional and global–scale systems of production, consumption, innovation, sourcing, command and control. These global ties have been accompanied
by

Auto Industry Structure and Resources
Automotive Industry – Competitive Structure and Resources WS3A7–Team 1– MBAo221 Indiana Wesleyan University ADM 534 An oligopoly is
defined by Keat and Young (2009) as, "A market in which there is a small number of relatively large sellers." The auto industry is considered to be to
an oligopoly because there are a large number of sellers, thus leaving the consumer only a certain number of companies from which to purchase an
automobile. The major manufacturers include Ford, Chrysler, General Motors (GM), Toyota, and Renault/Nissan. According to Taylor (2012), profits
are going to be derived from a handful of mega–companies in North America, Europe, and Asia. These companies include General Motors (GM), Ford,
Toyota,... Show more content on Helpwriting.net ...
The front–line workers in manufacturing, production, and sales of the auto industry generally require minimal education and receive on–the–job skill
training. These workers may have a high school diploma and great variance in skill level for manufacturing and sales. They will receive the training
needed on the job and their wages will not greatly vary; therefore, the effect of changes in training and wages for those workers of the industry would
be considered minimal in changes to the supply curve. For this group, advances in technology would have a greater impact. In reviewing the labor
supply for the business segment of the automobile industry such as business management, engineering, and marketing, this is the population of the
industry which must: understand and keep track of changing consumer demands, understand how to maximize opportunity for growth, how to forecast,
how to market, and be innovative in design and features of automobiles as technology continues to advance and the market remains competitive.
According to the Consumer Population Survey (CPS), in 2011 the U.S. Labor Force, age 25 and older, with only a high school education made up
over three and a half million potential laborers; while in the same year, those unemployed with a college degree equated to around two million (Bureau
of Labor Statistics, 2012). Therefore, the total

Nucor : A Steel Company Under The New Leadership Of F....
Nucor began as a steel company under the new leadership of F. Keeneth Iverson in 1964. By 1985, Nucor became the seventh–largest steel company in
North America. Nucor is now well–known and also the second largest steel company in the U.S. Nucor offers steel and variety of steel products. Nucor
is known for its innovation and technological excellence in the production process, streamlined organizational structure, and incentive–based
compensation plan. Nucor's relationship with its employees is the greatest strength, which allows it to retain employees and increase productivity. The
main issue of Nucor is opportunity pertaining to global expansion, which can be addressed by the acquisition of foreign subsidiaries.
SWOT Analysis
Strengths
Nucor has many strengths that include being the largest steel producer in North America, having broad product lineup, continuous production process
innovations, environment–friendly, streamlined organizational structure, incentive–based compensation system, strong relationship with employees,
and having a strong financial position. Nucor manufactures a wider range of steel products, which include steel bars, sheet steel, steel plate, structural
steel, steel joists, steel mesh, and fabricating steel reinforcing products. Nucor has incentives and bonuses for its employees for exceeding the
standards. It does not lay off its employees, which helps them retain a strong relationship with employees. Some strengths of Nucor are valuable such as

Disadvantages Of Globalization
Introduction
The trend of global economic development is to use foreign direct investment stimulate the economic development of the country and create an
environment more conducive that improve the interests of investors and local industries.
As an important driving force of economic globalization and also the implementer of FDI, Multinational Corporations occupy an unparalleled position
in the contemporary economy. According to Friedman: "We are living in a time ofglobalization. People generally think that all countries have no
choice but to wear" gold tights "(Friedman 1999: 104). Therefore, in some people's viewpoints, in the bargaining range Transnational Corporations is
more effective than the state. However, through the specific case analysis of this report, reader can see that their relationship is very delicate. It is not
that one occupies a strong position while the other is in a disadvantaged position. In summary, they cooperate and compete. They may similarly find
themselves in conflict or support each other. This report gives a few specific case studies on how to think critically about whether any of these have
more advantages status, as well as what led to this status change.
Globalization is seen as a leading cause of national policy towards the "lowest level" of countries entering a fierce global competition at the expense of
domestic interests (Drezner 2001). The government is required to give up its power to negotiate with multinational companies. With the

Challenges Faced by the Steel Industry
Challenges faced by the steel industry
Introduction3
Challenges faced by the steel industry3
Conclusion13
Work cited
During the 1950s,the European steel market, steel production and import unrelentingly augmented. This created surplus provisions on the promotion of
the Six. Due to this, there was deterioration of the market together with its selling value. This drop continued as a result of antagonism from
inexpensive introductions from eastern nations. Therefore, the European steel industry was actually positioned at a drawback for the reason that its cost
prices were higher than those of its contestants (Steel Industry and the Environment p.1). Consequently, there was a proposal from the High Authority
that there should ... Show more content on Helpwriting.net ...
This has led to the declaration that there will be reduction in the manufacture of even formations by a number of tons in the first half of that year due to
the low stipulation in the promotion of the European Union. Although, this decrease unreservedly aspires at offering support to the advertising costs
that the company has already publicized. This has clinched an augmentation of Euro 15/ton effectual early in the second quarter. The second largest
steel producer, "Mittal Steel", provided some analysis that opted to taking comparable applications to that of Arcelor ("Analysis of economic indicators
of the EU metals industry p.1) This offered assistance in the reduction of the creations within the perception of the requirement of upholding the
provisions and stipulation stability of sustaining the values at the cost of measure. Therefore, that is what the steel industries have been determined to
attain in 2005, particularly after the augmentations that took place in the prices of the raw substance. Particularly, the iron ore industry, which had
indentures concluded in the year 2005 with an augment of up to 71.5% over the stage of preceding year. There may be an illustration to a new path for
this steel manufacturing during

Tata Steel Strategy
| 2010| | Strategic Management6BUS0118Coursework nВ°1Tata Steel |
[Tata Steel : Global Player, Product Pionner & corporate citizen]| |
Albi FabienID : 10250446Main body : 3840 words
Chopin ChristГЁleID : 10250448Appendix 1: 1916 words
Fattah–Ahmad Mohamad ID: 09282458
Jandos Meier ID: 09282355
Loridan Nicolas ID: 10250449
Albi FabienID : 10250446Main body : 3840 words
Chopin ChristГЁleID : 10250448Appendix 1: 1916 words
Fattah–Ahmad Mohamad ID: 09282458
Jandos Meier ID: 09282355
Loridan Nicolas ID: 10250449
Table of contents
Introduction2
The Environment of Tatasteel3 Macro environment of Tata steel3 Steel industry5
Strategic Capabilities7
Tata Steel's ... Show more content on Helpwriting.net ...
Macro environment of Tata steel
The macro environment of the steel industry can be explored with the PESTEL framework (Appendix I, 1.2) in order to identify how future trends in
the political, economic, social, technological, environmental and legal environments might influence Tata steel.
PESTEL Framework Political * Instability in Bangladesh, Mozambique, Iran, Thailand (where Tata steel have investments) * Important role of state
in steel industry(in India) * Increased infrastructure spending by Indian government * Reforms of 1991 and liberalization in India (no trade
restrictions)| Economic * Financial crisis and impacts on the capital markets : volatility, affected liquidity, higher risk perception * Decline of

exchange rate for US dollar * Recession in western Europe * Downturn in industries such as automobiles, construction, energy... * Influence of
energy prices| Social * Importance of corporate social responsibility * Importance of development of welfare in developing countries * Health and
safety problems * Role of men and women| Technological * Steel making process complex * Innovations & technological developments * Skills
required to make different types and grades of steel * New technologies related to environmental protection * New production technique: use of
artificial intelligence in operations * New products: new types of steel

What Makes A Business Transaction?
A business transaction involves one selling a product to someone that wants or needs it as a business or personal asset. A mutual agreement is reached
on the price, and at some point, the product exchanges hand either directly or indirectly through some means of transferring or transporting. As the firm
grows locally, nationally, or internationally, transportation and distribution assistance is required to meet consumer demands. Here is where the
demand for transportation and logistics begins with a business that may involve importing and exporting supplies required for production, and ends
with a consumer receiving products purchased. (Dowlatshahi, 2010), describes inbound and outbound transportation performance as simply achieving
scheduled delivery times which displays the firm's commitment to satisfy consumer expectations. The transportation and logistics industry has specific
features and resources designed to meet any consumer shipping needs. This requires strongest competitors to harvest a strategic approach to maximize
opportunities to work with all customers, and showcase the values offered by the firm and the industry. This methodology is one that is intended to
build or strengthen a brand, and retain and attract new consumers. "In order to attract customers and make them pay the price of the product, the
company should be good at understanding what customers' needs and requirements are, and produce products that really want" (Attia & Hooley, 2007,
p. 95).

International Business
Group Assignment: BHP BILLITON
International Business Theory & Practice (MGF 5966)
Lecturer/Tutor
Mr. Sharif Rasel
Name & ID
Junaidul Haque – 263 512 50
Dalaphone Phengrattanavong – 266 785 94
Girish Balar – 274 718 53
Maike Nan – 263 994 90
Due Date – Week 11
Introduction
BHP Billiton, which is Broken Hill Proprietary Billiton, is an Anglo–Australian multinational mining and petroleum company. BHP started its operation
in Melbourne in 1885 which is one of Australia's largest and oldest companies, and it focused on development, discovery, production, and marketing of
natural resources. In value–added flat steel products, BHP was also a market leader. In 1860, Billiton was established in The Hague,... Show more
content on Helpwriting.net ...
Meanwhile, the CSR activities create communities a trustworthy of the organization by contributing benefit for society. For example, BHP Billiton has
been a part of communities which made the grant to ANDA project to help vulnerable and displaced people in Colombia. The company also invested
$13.4 m in the five rivers conservation project. This will create secure, lasting conservation position for the land and make an endowment for the
long–term management of the property in Tasmania, Australia. Those projects have assisted human perception to think positive regarding the
organization.
In addition, BHP Billiton works to improve risk profile by enhancing the identification and management of health, safety, society and environment risks.
The company has shown a reduction of 5.7 % in potential employee exposures to carcinogens and airborne pollutants. It is their sustainability focus on
people to maintain people and operation safe, concentrate on people health and well–being as well as developing their employee. Thus, it is a motive

for the BHP Billiton's employee to bring up the innovation.
Apart from that, BHP Billiton also developed a code of business conduct by initiated land and biodiversity management plans for all of its operations as
these included controls to prevent the damage of the environment and compensation influence to biodiversity and ecosystems services. With this plan,
the firm has created the value of

Study on Recruitment and Selection Process
A Project On
ВіA STUDY ON RECRUITMENT AND SELECTION PROCESS Ві
IN VISAKHAPATNAM STEEL PLANT
With reference to
RASHTRIYA ISPAT NIGAM LIMITED VISAKHAPATNAM Submitted to (MADRAS UNIVERSITY) By
K.S.ANURAJ
Under the Guidance of (BATTULA.SRINIVAS RAO) Sr.HR MANAGER (personnel) Visakhapatnamsteel plant visakhapatnam
1
A Report on
RECRUITMENT & SELECTION Submitted by
K.S.ANURAJ Under the Guidance of BATTULA.SRINIVAS RAO Sr.HR MANAGER (personnel)
Visakhapatnam steel plant Visakhapatnam
Company Guide
SHRI.KOSIREDDY RAJA
ASSISATANT MANAGER (HRD) Visakhapatnam steel plant

(A Report submitted in partial fulfillment of MBA Program–2009)
2
DECLARATION
I here by declare that this thesis work entitled ВіA study on recruitment and selection ... Show more content on Helpwriting.net ...
Recruitment
Recruitment refers to the process of finding possible candidates for a job or function, undertaken by recruiters. It may be undertaken by an
employment agency or a member of staff at the business or organization looking for recruits. Either way it may involve advertising, commonly in
the recruitment section of a newspaper or in a newspaper dedicated to job adverts. Employment agencies will often advertise jobs in their windows.
Posts can also be advertised at a job centre if they are targeting the unemployed. Suitability for a job is typically assessed by looking for skills, e.g.
communication skills, typing skills, computer skills. Evidence for skills required for a job may be

The World Of Trade And Business, The Industrial Revolution...
Name Institution Course Unit Lecturer Date Introduction In the world of trade and business, the industrial revolution is a period in which most of the
modern global economic superpowers established their foundation. This was a period between the 18th and the 19th centuries in which rural, agrarian
societies in America and Europe were transformed and became urban and industrial. Prior to this period that began in Britain; the manufacturing was
mainly done in homes through hand tools and other basic machines that were not widely in use (MacLeod). The period of industrialization marked the
beginning of a shift to power, specialized machinery, mass production and factories. Among other industries, the iron and textile industries played a
major role assisted by the development of the steam engine. These developments saw the improvement of transportation, banking and communication
(Hillstrom). Despite the restrictions that had been placed on the artisans and other shareholders in Britain to avoid a situation where industrial
knowledge was leaked to other countries, her interests in colonies opened up avenues through information and knowledge moved to other regions such
as America. Factors leading to industrialization in America The embargo of 1807 The embargo of 1807 is one of the key reasons that led to America
rethinking her approach on development. During the Napoleonic wars, British navy seized an American cargo to assist in their fight. In addition,
Britain opened fire on

Fortescure metal group ltd Essay
Executive summary
The research group has undertaken an analysis of Fortescue Metal Group Limited ('FMG'). The analysis consists of two parts. Part 1 includes a macro
economic analysis which reviews FMG's economic environment and how this impacted on its performance during the years ended 30 June
2008 to 30 June 2012. During this period FMG's performance was primarily driven by an overall increase in the price of iron ore, underpinned by
higher levels of demand for this product from
China. It is considered that continued demand for iron ore by Chinese steel producers and continued growth in China's gross domestic product ('GDP')
is likely to support the forecast iron ore price of USD120 per metric tonne ('mt') and result in future ... Show more content on Helpwriting.net ...
FMG financial report for the year ended 30 June 2013, page 8.
3
. Ibid page 47. Revenue on sale of iron ore was, USD6,479m. Total revenue was USD6,681 and included shipping revenue.
4
http://www.rba.gov.au/publications/smp/2012– RBA 'Statement on monetary policy' (August 2012) page 6 'In general, the spot price for iron ore has
tended to move in line with developments in Chinese industrial production and steel production'.
5
http://www.indexmundi.com/commodities/?commodity=iron–ore&months=60 – webpage provides spot price data sourced from The Steel
Index and the IMF.
6
IBIS World 'B0801 Iron Ore Mining In Australia industry report', May 2013, page 5. 'Demand for iron ore is closely tied to steel production and
trends in economic growth that drive global demand for steel.'
7
http://www.oecd.org/sti/ind/OECD%20May12%20Summary%20%20Iron%20ore%20doc%20%283%29.pdf– OECD report on the iron ore market in
2011. At page 4 it is noted that China represented approximately 59% of total world imports for iron ore.
2
2
historically high levels, they are expected to decline in the medium term.8 However, the price of iron ore has been forecast at around USD120 per mt

out to 2018.9 During the year ended 30 June 2012
FMG shipped

Nucor Corporation Case Analysis Essay
To: Dan DiMicco
From: McKensie Booth
Subject: Strategic Management
Date: 11/9/2010
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 known for its aggressive pursuit of
innovation and technical excellence, rigorous quality systems, strong emphasis on employee relations and workforce productivity, ... Show more content
on Helpwriting.net ...
Product differentiation is also a major barrier to entry. Steel is not sold on its overall difference, but more commonly on price. Many manufacturers
utilize the same technologies and processes. Price wars are seen to minimize fixed costs, which mean there are few switching costs from one
manufacturer to another. There is very little brand loyalty in this industry, especially when it does not appeal to consumer loyalty or brand image.
Entrants must find ways to compete based on lower costs. Access to raw materials can also be a barrier. A lot of the time materials must be bought in
large quantities. There is no cost advantage associated with small material purchases, and that can directly increase the overall manufacturing costs.
This can make competition challenging in a market where margins are already very small. Government policy is not a huge threat of entry on the
domestic level, but at the international level the barriers become much larger. Well established relationships by larger steel manufacturers with
government allows for easy establishment of contracts in a foreign territory. Since most steel manufacturers must be globally competitive to maintain

profits government policy is a threatening entry barrier.
Bargaining Power of Suppliers: Strong The supply of raw materials can have a positive or negative effect on a cost strategy. Most of the steel used in
domestic manufacturing in the United States is imported. On

Nucor Steel
Nucor Corporation
Introduction
Nucor Corporation, the largest U.S. mini–mill, continues to gain market share in flat roll and strip steel. Recent successful acquisitions, application of
new technologies, prospects for global growth, a strong balance sheet, as well as improved economic outlook for the steel industry, make Nucor an
attractive buy with a near term stock price target of $65 to $70.
Background
Nucor Corporation (NUE) was founded by auto manufacturer Ranson E. Olds. Through a series of permutations the company evolved into a nuclear
instrument and electronics business, known as the Nuclear Corporation of America before regaining its focus in the steel business and changing its
name to Nucor Corporation in 1972. In ... Show more content on Helpwriting.net ...
Recently NUE has also completed projects that allow it to produce a combined additional 1,000,000 tons of steel product annually. This represents a
fraction of the $200,000,000 spent in 2004 to upgrade its production facilities. New U.S. production facilities have also been completed. These
include a steel plate mill in North Carolina and a deck plant in upstate New York as well a Castrip technology production facility in Indiana. Current
efforts are underway to build another Castrip plant in the U.S. as well as another overseas.
NUE has pursued successful acquisitions. In March 2001 Nucor Steel purchased Auburn Steel Company and acquired a 470,000 tons–per–year
merchant bar, rebar and special bar quality steel mill. This mill was a good strategic fit with Nucor 's joist and deck plant nearby. With Nucor
management in place, the Auburn Steel Mill set a 26–year production record with continued growth from 2001 through 2004. In July 2002, Nucor
purchased the former Trico Steel Company. This acquisition increased its flat rolled steel production and is building market share in this segment.
The initial production of this plant at purchase was 1.2 million tons per year and the expected production for 2005 is 2.1 million tons. This
acquisition increased Nucor 's sheet metal capacity by over a third. In December 2002 NUE purchased Birmingham Steel for $615 million in cash. The
four Birmingham Steel bar mills increased NUE 's

Similarities And Differences Between Nippon And Sumitomo
History
Both Nippon and Sumitomo were in their own right players in the steel business. Nippon was first established back in the 1970s. As for the
Sumitomo, this company came to be in the year 1949. It was in 2012, however the two merged and created what is now observed as the largest
integrated steel producer in the entire world. MSSMC within just a short time period have engaged in joint ventures, buyouts of production facilities,
and become the parent company for/with other specialized steel industry companies. The company has corporate offices and manufacturing bases
across 15 different companies. Stretching across Asia and even right here in North America NSSMC has become a leading innovator in technological
and manufacturing ... Show more content on Helpwriting.net ...
The Industry and NSSMC
This industry is wide open when it comes to products and services. NSSMC is a player in the industry–manufacturing railroad, automotive, and
machinery parts. Additionally, the industry in all encompasses secondary steel products and specialty products like piano wire rods for instance. The
products made in this industry vary from pitch coke (raw material for building production equipment for semiconductor or solar array panel) to epoxy
resins (adhesive). Ultimately many companies in this industry also become involved in services such as; materials testing, warehousing, consulting
services just to name a few.
Vision and Mission
There are a total of five principles they give in summary to relate what they want to live by as a company. Integrity and reliability is the primary target
for which the company's philosophy is based on. NSSMC focuses on leading the steel circuit with the latest and greatest improvements in technology
and manufacturing competencies. The last and most attractive part to the NSSMC mission is their need to have a vibrant workforce. Nippon at its
core has aspirations to garner employees who bring out positive qualities in other associate for the good of the organization.
Functional Areas
Human Resources

Both a strength and weakness found here comes with the expressed want to acquire high quality engineers to support technological initiatives. While a
focus on moving innovation forward is great

Market Structure of Steel Industry
Profile of Steel Industry in India (Managerial Economics)
CONTENTS
Introduction
Market Size Investments Government Initiatives
Steel Prices
Supply and Demand Analysis
Cost of production
Production Functions and Input: Fixed & Variable Inputs: Total & Average cost:
Calculating Average Total Cost
Average cost and Economics of Scale:
Market Structure of steel industry:
Price Discrimination in the Steel Market
SWOT Analysis of Steel Industry:
Indian Steel Industry a Bright Future
Understanding the ... Show more content on Helpwriting.net ...

The main highlight of the Union Budget 2012–13 for the steel industry was the proposal to reduce basic customs duty on plant and machinery
imported for setting up or substantial expansion of iron ore pellet plants or iron–ore beneficiation plants from 7.5 per cent to 2.5 per cent. The other
proposals relating to the steel sector are as under:
To reduce basic customs duty on
* Coating material for manufacture of electrical steel from 7.5 per cent to 5 per cent * Nickel ore and concentrate and nickel oxide/ hydroxide from
2.5 per cent or 7.5 percent to Nil * To enhance export duty on chromium ore from Rs 3,000 per tonne to 30 per cent ad valorem * To enhance basic
customs duty on non–alloy, flat–rolled steel from 5 per cent to 7.5 per cent
Some other initiatives taken by the Government include the following:
* 100 per cent foreign direct investment (FDI) through the automatic route is allowed in the sector * Large infrastructure projects in Public–Private
Partnership (PPP) mode are being formed * Government is encouraging research and development (R&D) activities in the sector * Reduced
custom duty and other favourable measures * Government of India has framed the National Steel Policy (NSP) to

Nucor Corporation: Market Survey and SWOT Analysis
Nucor Steel Industry Overview Globally, the U. S. steel industry is one of the largest as measured both by production as well as consumption. In
2010, the U.S. was third in global crude steel production with almost 6 percent share (Market Research.com, 2011). Until 2009, Nucor operated in an
industry which experienced significant output declines during recent decades. The U.S. steel industry was operating at capacity levels of less than 50
percent and had lost more than 50,000 jobs since 2000. Growth of the Chinese steel industry posed a serious threat for domestic steel producers (Scott,
2009). Since that time, however, the U.S. steel industry has picked up momentum in response to soaring demand by the automobile and construction
industries. Steel is the preferred material by the construction industry because of its performance, strength, reliability and versatility. In addition to
construction, the automobile, energy and container industries have all been responsible for increasing steel consumption (Market Research.com,
2011). Major competitors in the U.S. steel industry include Nucor Corp., ArcelorMittal USA Inc., and United States Steel Corp. Major international
players include Tata Steel Limited, Jindal Steel and Power Ltd., and Steel Authority of India Ltd. Nucor Corporation is one of the three largest U.S.
steel producers with production capacity of more than 26 million tons and 20,400 employees. The company is also the world's largest steel recycler,

Essay on Nucor Case Analysis
Nucor Corporation – Case Study and Recommendations on Strategy
Nucor Corporation – 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, Nucor has maneuvered business cycles and market challenges to maintain a positive profit
margin in every quarter since 1966 (Thompson, 2008). The company's strategy of decentralized structure, focus on disruptive technology, unique
employee engagement ... Show more content on Helpwriting.net ...
The increased level of empowerment allows each division manger control over day–to–day decisions that will increase profitability. This key success
factor contributes to mitigating threats related to price and cost including the cyclical nature of industry, raw material cost, and low cost competitors.
Strong Employee Relations – Nucor's employee relations practices were a key factor in their successful growth through the ability to produce steel at
margins that could compete with imports. Perhaps Nucor's most important key factor of success, the building of successful employee relations is more
difficult to imitate by competitors than tangible business factors.
Use of Disruptive Technology– Nucor has an extremely a strong technological focus. Their introduction of the mini–mill has proven to be industry
changing with the manufacture of raw sheet for the auto industry. Additionally Nucor introduced the first electric arc furnace, continuous casting, the
process to avoid reheating billits, and the twin shell furnace. The value added by Nucor technology in mitigating threats is proven by a high sales
volume and steady profits.
Strong leadership – While Nucor did have a decentralized management structure, it relied heavily on the aligned visions of managers under the
charismatic leadership of Ken Iverson. The company

Harsco Executive Summary
Investment View We initiate coverage of Harsco Corporation with a Sell rating. Harsco Corporation is a multinational provider of industrial services
and engineered products. Although the company's operations fall into three reportable segments: Harsco Metals & Minerals, Harsco Industrial and
Harsco Rail, the segments are disproportionate and leave Harsco Corp. in a vulnerable state. The company's collective operational results are
predicated on the efficacy of the troubled Metals and Minerals segment, which accounted for 64% of total revenues for FY2015. We believe the current
trend in company share price is not in line with company performance. It appears that the recent jump in investor confidence stems from improved net
earnings; however,... Show more content on Helpwriting.net ...
for customers throughout the world. Additionally, this segment provides railway track maintenance services principally in the U.S. and the U.K. The
Rail segment's key competitive factors are quality, technology, customer service and value. Primary competitors for both products and services are
privately–held global businesses as well as certain regional competitors. As a consequence of operating in 30 different countries, Harsco Corporation is
exposed to a plethora of macroeconomic risk factors every day. We believe that the most pertinent macro threats to Harsco Corporation's continued
operations are those which apply to the company's heavily weighted Metals & Minerals segment. The industry and thus the segment depend highly on
activities of the non–precious metals mining and steel industry. China remains the driver of the iron ore and steel industry. With China recently
switching from a production market to a consumer market, the industry has been facing strong over–supply, driving down iron ore and steel prices as
well as industry activities. The non–precious metal mining and steel industry has seen restructuring since 2014; jobcuts and strikes have been
widespread affecting key players including BHP,

Wellfeet Case
2. What is your decision regarding the 2 credit proposals? Why?
Ashar Corporation:
First of all, I am going to discuss the Ashar Business Credit Proposal. In this proposal, Ashar Industries Company, which is one of the largest steel
companies worldwide, is asking for a $850 M credit in order to finance their acquisition of Zellmont SA, which would actually create the largest steel
producer company of the world. This acquisition has not been recommended by the Zellmont board, and therefore it could be regarded as a hostile
takeover at the moment.
As it is seen on its financial statements, Ashar corporation has been a very healthy corporation during the past few years. We can see that they have a
really stable Income Statement, with ... Show more content on Helpwriting.net ...
But the very important thing, foreseeing the future and the possible trends, that the gold price won't decrease anymore, which will affect the company
positively. We think that if we help the company refinance their debt and keep up with their operations, they will develop a strong position in the future
years within this industry. We are risking a lot ofmoney in this operation, but looking out–side de box, we anticipate a good future within this company
and of course, within the gold sector, which we consider will be caused by increase of the gold price.
We have much financial support on this operation, and I think that our bank would gain a lot if this operation goes well. GGC has the capability to pay
in the medium–long term, and we think that if we help them take this step towards the future, it will be a win–to–win situation for both parties.
3b) Calculate the expected loss, the economic revenue and the economic profit for Ashar
4) What suggestions might you make to the CEO about improving the Risk Management Process at Wellfeet Bank?
I think that the organization could be improved by giving the relationship bankers more responsibility within small credits, or with credits with lower
risk. This would imply reducing the time loss between all parts, and also giving the Senior Credit Officers more time to review and decide about more
risky and important credits.
I also think, that deals of such

Iron and S
teelIRON AND STEEL INDUSTRY IN INDIA
Corporate Catalyst India
A report on Indian Iron and Steel Industry
OVERVIEW
1.1 Background The Indian iron and steel industry is nearly a century old, with Tata Iron & Steel Co (Tata Steel) as the first integratedsteel plant to be
set up in 1907. It was the first core sector to be completely freed from the licensing regime (in 1990–91) and the pricing and distribution controls. The
steel industry is expanding worldwide. For a number of years it has been benefiting from the exceptionally buoyant Asian economies (mainly India and
China). The economic modernization processes in these countries are driving the sharp rise in demand for steel. The New Industrial policy adopted by
the Government ... Show more content on Helpwriting.net ...
This is a growth of 4–5 per cent over the two–year period. However, according to IISI, the cost of raw materials and energy was to continue to
represent a major challenge for the world's steel industry. Higher production of value–added products, capacity expansion, upgradation of production
process achieveing cost effective production in an environment friendly manner, have been the major thrust areas of the Indian Iron and steel producers
in the recent times. After liberalization, there have been no shortages of iron and steel materials in the country. 1.4.1 Production of Carbon Steel The
total production of finished carbon steel in the country has been 42.636 million tonnes in 2005–06 as compared to 29.77 million tonnes in 2000–01,
indicating an average increase of 57 per cent. The high share of the secondary sector in finished steel production is largely due to substantial supplies
of semis, the basic feed material from the main producers for conversion to needed shapes by rolling.
Corporate Catalyst India
A report on Indian Iron and Steel Industry
Production Trend Pig Iron & Carbon Steel
50 In million tonnes 40 30 20 10 0 2002–03 2003–04 Pig Iron 5.3 3.8 3.3 33.7 37

40.1
42.6
18 3.9 1.7
2004–05
2005–06 2006–07*
Finished Carbon Steel
Source: Joint Plant

Case Study 2 вЂ“ вЂ Will the steel companies develop global...
Case Study 2 – 'Will the steel companies develop global strategies?'
Questions
1.
"In the 20 years to 2000, the world's 40 largest steel companies made cumulative losses before tax of US$10 billion, in spite of investing around
US$75 billion in new capital equipment. In the following five years, profitability increased but the return on capital was still low (...)". What were the
reasons for this trend? The first factor that I will appoint is a political/legal issue, according to PESTLE analysis, and consists in the fact of some of the
steel companies were subsidised by their respective governments, which are not worried about making profits. Besides this, individual nations or
groups of nations had set up trade barriers to ... Show more content on Helpwriting.net ...
Finally, I could also mention that this was a value destroying industry, since the cost pressure was high but with the lower prices of steel, the companies
had difficulties to pass the impact of the costs to the customers. So, from my perspective, these are the main trends in the strategic environment that
have influenced steel company profits over the past few years. Nevertheless, the fact that most steel companies operate largely within their national or
regional markets, adapting their strategies only to them, was, obviously, the primary aspect that contributed for the worsening of the situation.
2. Arcelor Mital, the first largest steel company of the world, on the date the article was written, arose from the merger between the UK/Indian
based–company Mital and the French and Luxembourg–based

Impact Of Globalization On Income Distribution

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