Question

In: Operations Management

if innovation solutions to problems are needed at Nucor, how do you think they will emerge?...

if innovation solutions to problems are needed at Nucor, how do you think they will emerge? that is will internal or external forces bring about the Needed innovations? explain

Solutions

Expert Solution

In the company, the focus is not on YOU and ME but the company focuses on the collective efforts and thus the focus remains on WE. It is important for Nucor employees to come up with something innovative so that they can be more profitable for the organization. They will be required to accommodate the changes so that the dynamic forces of the environment can be addressed. The plant located in Crawfordsville is renowned for the production of thin strap casting of steel has really made it possible for the company to head-on with the other competitors of the company in the industry. The focus will be on looking for the latest and new technology which requires the explosion of information and knowledge. With the help of high-speed computers, the data can be processed and the solution to the most complex problems can be easily obtained.

So we can state that it is the knowledge generation, information dissemination and focus on the latest technology which can help the company to find the innovative solution of the different problems that could arise both internally and externally. The main benefit to the company in this regard is that the whole organization acts as a unit rather than small silos


Related Solutions

Solvability Think about real-world examples of problems whose solutions do—and do not—scale well. Additionally, think about...
Solvability Think about real-world examples of problems whose solutions do—and do not—scale well. Additionally, think about a problem that is so complex that there is no computational solution to feasibly solve the problem in a reasonable amount of time. Complete a short written response to the following questions: 1. Identify two real-world examples of problems whose solutions do scale well. 2. Identify two real-world examples of problems whose solutions do not scale well. 3. Identify one problem that is so...
What do you think will be the impact of innovation, production and new technology on an...
What do you think will be the impact of innovation, production and new technology on an equal economic society?
Do you think immigration reform is needed? Do you think tightening immigration standards will improve jobs...
Do you think immigration reform is needed? Do you think tightening immigration standards will improve jobs for Americans or reduce them? Do you think immigration reform will prevent terrorism on U.S. Soil? Would reform also make it easier for government entities to tax those that are here illegally? Would you be in favor of granting an amnesty for those people that are here illegally?
to what extent do you think agency problems and conflicts of interest are problems in the...
to what extent do you think agency problems and conflicts of interest are problems in the investment industry? To what extent do you think the internet boom was fueled by such problems?
How do the three types of integer programming problems differ? Which do you think is most...
How do the three types of integer programming problems differ? Which do you think is most common, and why? Be detailed.
Do you think a unique equilibrium can emerge under majority rule? Why and why not? Please...
Do you think a unique equilibrium can emerge under majority rule? Why and why not? Please explain your answer with graphs.
Give an example of radical innovation, and compare it to incremental innovation (how do you know...
Give an example of radical innovation, and compare it to incremental innovation (how do you know this is radical innovation?). Be original
What affect, if any, do you think the precautionary principle will have on technological innovation and...
What affect, if any, do you think the precautionary principle will have on technological innovation and economic growth? Why? (500 words)
Think of an example of an innovation you have studied at work or school. How would...
Think of an example of an innovation you have studied at work or school. How would you characterize it on the dimensions described as incremental innovation vs radical iinovation, product versus process innovation, architectural versus component innovation. Please answer in word format only and more than 350 words Thanks Subject: Management of Technological Innovation
Do you think the problems are the same when it comes to budgetary accounting for a...
Do you think the problems are the same when it comes to budgetary accounting for a business or the government? what are those problems seen by you?
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT