Friday, January 29, 2010
Nucor steel article
This article seemed to really try to show how a company can get ahead by shifting the focus of knowledge sharing to there employees. The company was able to get ahead in a struggling industry when other companies couldn't, this is because of how efficient they were. They were able to achieve this efficiency by having a very motivated workforce. They gave incentives to their workforce to come up with different ways to become more effective in their jobs. I also like the idea that the only way that a person could get a bonus was if their group of employees reached a goal. And the managers got bonuses based on how the plant did, the plant managers bonus was based on how all the plants done in the company. This helped motivate plants to share information, if one plant had a good way of doing something they could share it to improve the other plants. I also liked how when they built a new plant they would use people from the community to build it, and promise them the opportunity to work there after it was finished. This helped motivate the builders to do the best job they could do. I think this is a brilliant way to do business, this will make the employee feel like more than a number. Other companies should look at this as an example on how to keep a motivated workforce.
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