Nucor Corporation is the largest steel company in the U.S.,has been profitable for decades,and has never laid off an employee.Yet,Nucor has no written strategic plan,no written mission statement and no written objectives.What does this tell us?
A) Nucor should have had written these down but they were fortunate because they had first-mover advantages.
B) Nucor is a monopoly and therefore it is not important to have written plans, mission statements, or objectives.
C) Not having a written strategic plan does not indicate a lack of strategy; it is the pattern of actions across the organization that is important.
D) Not having a written strategic plan could make Nucor vulnerable in the future because it does not have a strong organizational culture.
Correct Answer:
Verified
Q64: Japan Railways diversifying into bottled water is
Q65: In Strategy Highlight 2.3,what type of strategy
Q66: Animals Doll Company has manufactured and sold
Q67: Strategic flexibility is achieved by:
A) Managers developing
Q68: Unrealized strategy is when a part of
Q70: Managers may use _ perspective to decision
Q71: Strategic thinking is different than strategic planning
Q72: The combination of intended and emergent strategies
Q73: Based on external and internal analyses,top-level executives
Q74: Firms that are willing to pursue exploring
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents