Case Study: Nucor Steel digitizes innovation management with Praxie

Nucor Steel builds a best-practice innovation process in months with Praxie

Nucor Steel, a leading American steel manufacturer, sought to establish a formal innovation function by leveraging best practice processes and tools. The company needed to train its team, fill its opportunity funnel with disruptive ideas, and create new business models. To meet this challenge, they engaged the vendor Praxie and its innovation management software platform.

Praxie implemented a comprehensive, multi-month solution that involved assessing Nucor's capabilities and building a robust innovation process. This initiative resulted in a portfolio of new growth opportunities, built new skills within the team, and established a scalable approach to innovation. According to the company's Innovation Services Manager, Praxie provided expert guidance and a tracking platform that ensured a focused approach and more consistent results throughout the innovation process.

Nucor Steel