Competitive advantage Essay Example | Topics and Well Written Essays - 500 words

Competitive advantage - Essay ExampleIf the workers give the sack up producing products that are below quality expectations, then their pays are reduced accordingly. This helps to promote a mavin of owning the companys operations and workers are given a datum to define how their roles affect the companys outcomes.While Nucor does promote ownership and a greater sense of responsibility but completely individuals might not eye the situation on the same footing. Some workers may be scotch when they disc all over the blunt side of Nucors policy and may rush to other jobs where a primed(p) salary structure is available. Moreover, certain people in Nucors work environment may stir problems for others in an attempt to be more productive. Problems may include workplace politicisation, espionage etc. though this is a remote possibility.Primarily Nucor relies on an innovative payment package for the baseline workers as an incentive. Workers are stipendiary by the hour for fixed salary plus bonuses. Moreover, the company shares its profits with these workers too. This makes Nucor one of the best paymasters in the market. There are no unions at Nucor although Nucor does not discourage unions.Similarly, Nucor has placed the names of its workers in its pecuniary report in order to recognise their services. The pays for workers and executives is nearly the same as the workers can earn a lot while the executives are not paid excessively. Moreover, the executives are not given any benefits or perks just like the workers. This helps to promote equality which serves as an incentive too.Nucor should not try to hire temporary, offend time or virtual workers to get their job done. The biggest power that Nucor has over its employees is their sense of ownership of the consummate process at Nucor. This applies equally well to both workers and executives alike. The associations formed with the company have helped Nucor grow over the years. Expecting temporarily placed workers to do the same is unrealistic. Using