Blog Assignment #3 Nucor Steel’s Strategies Applied on Apple Corporation

Knowledge management is referred to the process of handling data and information in a certain organization. Through the proper management of information, a company will be able to formulate strategies and techniques for the betterment of the business. According to Nucor Steel, the use of knowledge management is an effective way in giving a company an edge to have competitive advantage. If knowledge is managed properly in a company, it will be available to all concerning people in the organization any time they want. With this, the organization can then increase the efficiency of its operation and could grow and develop faster.

For instance, the Apple Corporation on its Apple Mobile Smartphone would apply Nucor Steel’s strategy. We all know that the iPhone is already one of the most recognized brands of smartphones in the world and it captures a fairly high market share. However, the Apple Mobile Smartphone is faced with many competitors using the Android Operating System such as Samsung Mobile, Lenovo, LG and others. Nucor has been cutting its prices to make its products more affordable. Today’s market is in need for devices that are not expensive enough. The iPhone is known for producing expensive smartphones which only people with higher income can afford. If iPhone will be able to cut its, it may have the chance to lower the prices of each series of phones. Another thing was being socially connected. The iPhone has many applications in it, but, I believe it’s not yet enough to settle because it’s competitors, Android OS users, had been pursuing many improvements especially on its social media. If iPhone could even more create applications that are basically useful for many, it may have increased its sales and market share.

Knowledge should be assessed properly. Ideas should be consolidated well in order that it could yield good benefits for the business. Best alternative should always be applied.