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Nucor Corporation Is the Largest Steel Company in the U

Question 69

Multiple Choice

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.

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