1.<Tab/>Rivalry - Excess production worldwide is acting to strengthen rivalry. Jockeying for position among steel producers is active, resulting in strong rivalry. Rivalry is made stronger by the fact that buyers of steel have low switching costs. Competition from substitutes - Rival steel makers were building new mini-mills to make flat-rolled sheet steel. Threat of entry - Current market conditions in the steel industry are likely to be viewed as …showed first 75 words of 521 total…

…showed last 75 words of 521 total…is able to out compete and defeat its rivals. It has a good incentive compensation system for both plant employees and senior managers. It has strong product innovation capabilities. Heavy emphasis is placed on the worldwide technological leader and having a world class R&D program in-house. It makes sure it hires the best available plant managers. Its pursuit of innovative technologies to enable low costs and profitable entry into new market segments.