Nucor Corporation Case Study: Business & Marketing Essay

Nucor Corporation Case Study
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Nucor Corporation Case Study
Objectives and goals at Nucor relate to the P-O-L-C framework's planning face because they give a clear plan in both the vision and mission. They also offer clarity as to how they will use strategy to get the company at the top. The goals of Nucor align with the employee's objectives and give them real power to act. Besides, employees act like owners of the company and have the mandate or absolute power to fix different aspects that are wrong. Nucor's aims relate to the P-O-L-C framework's planning face because, during 2009, when the company suffered loss, it did not lay off its employees.
Moreover, employees do not work overtime but volunteer to do it. The management listens to lower-level employees and strategizes to put their new ideas into practice routinely. Ultimately, Nucor's reward system evaluates and encourages employees to work even harder at their duties.
Tying pay to company performance might yield negative consequences at Nucor Corporation. Informing more than one employee that they have the mandate or authority over a specific aspect or field could lead to a particular group of employees not successfully working in unity, hence lacking productivity, innovation, and creativity. According to Sitzmann & Weinhardt (2018), the notion of an employee getting the opportunity to earn more money if the company is doing well could lead to an unimaginable amount or limit of how much one can make. The employees will perform poorly than their friends in other mills. As such, it would create unfairness between bad and good employees. Employees should be paid based on their performance and not just how the company is performing. The company goals must be aligned with the employees' goals.
The corporation's reward system is unique, and employees are paid highly based on their performance. Similarly, the same concept applies across all levels of the Corporation. Penalizing low performers will make them lose their bonus for the day, week, or entire month. The employees will be discouraged, lose morale and commitment to the company or envy the high performers. Others will quit their jobs, hate the company, or plan evil schemes to get their revenge (Ogunsiji & Ladanu, 2017). Treating employees with dignity, respect and encouraging them to perform better at their workplace boosts their morale and input. In essence, the company and Nucor employees will either perform poorly or increase thei...