Nucor Corp's Organizational Culture |
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"What Nucor management has been able to do is get workers to identify their own interests fundamentally with those of management, something managers have been attempting to do, not very successfully, since the dawn of industry." - Ted Kuster, Newsteel Reporter in December 1995.1 "Other companies can buy similar equipment to us, but the culture is ours." - Daniel DiMicco (DiMicco), CEO - Nucor Corp in 20012. Nucor - Workers' Paradise
According to company sources, Nucor's recruitment process, reward system and
work culture are responsible for the company's success over the years. The
Nucor recruitment process focuses on employing people with the right frame
of mind rather than people with relevant skill sets. The reward system at
Nucor emphasizes fair pay based on productivity.
Nuclear was originally set up to manufacture nuclear instruments and other electronic gadgets, besides providing expertise in conducting radiation studies. While this business was profitable at the time, it failed to gather momentum. Nuclear then acquired a number of high-tech companies. The company however continued losing money till 1960, when it was acquired by a New York based investment banker. Nucor Corp's Organizational Culture - Next Page>>
1] Kuster Ted, How Nucor Crawfordsville Works,
Newsteel, December 1995. |
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