In the twenty- first century Nucor is being challenged by a changing industry where there is a worldwide decrease in demand for steel and steel related products, increasing competition, especially from foreign competitors, in a maturing market and environmental concerns about alleged violations of federal and state clean air rules. ... Barriers to entry by Potential Competitor Considerable competition exists from numerous domestic manufacturers and foreign imports. The markets that Nucor serves are tied to capital and durable goods spending and are affected by changes in economic conditi...

• Word Count: 1144
• Approx Pages: 5
• Grade Level: Undergraduate

The advances in technology and the increase in competition have caused the business models to change and become more flexible. Since there has been and increase in competition, it is advantageous for companies to offer customized products to their customers. ... For the U.S., this means international trade and investment play a much greater role in our economic life than before. ... The expansion of trade means more competition, which increases the importance of innovation for the success of a company. ... An increase in competition has created an extra importance for companies to "...

• Word Count: 1087
• Approx Pages: 4
• Grade Level: High School

In order to accurately assess the problems associated with why some companies succeed, while others fail, in competition Hamel and Prahalad argue that the managerial frame must be broken down into components. ... In competition on a global level, long-term competitiveness depends on managers" willingness to continually change their managerial frames. ... As defined in the article, the products of stretch include a view of competition as encirclement rather than confrontation, and accelerated product-development cycle, tightly knit cross-functional teams, a focus on a few core competencies...

• Word Count: 975
• Approx Pages: 4
• Grade Level: Undergraduate

Threats include negative trends in a field that diminish jobs, competition from peers, competitors with superior skill or knowledge, obstacles standing in the way, or limited advancement in your field. ... Economic factors are considered for determination of the state of a trading economy in the short and long-terms. ...

• Word Count: 729
• Approx Pages: 3
• Grade Level: Undergraduate

You should familiarize yourself with your competition so you can always stay one step ahead of them. ... Indirect For indirect actions, we shall be looking at the following factors: 1) Technological variables 2) Economic variables 3) Socio-cultural variables The first factor is technological variables. ... The second factor is economic variables. ...

• Word Count: 996
• Approx Pages: 4
• Grade Level: High School