Essay Case Study of Lincoln Electric Company - 875 Words

Integrative Case: The Lincoln Electric Company Tony Slattery Everest University Abstract â€Å"We are a global manufacturer and the market leader of the highest quality welding, cutting and joining products. Our enduring passion for the development and application of our technologies allows us to create complete solutions that make our customers more productive and successful. We will distinguish ourselves through an unwavering commitment to our employees and a relentless drive to maximize shareholder value† (http://www.lincolnelectric.com/en-us/company/Pages/vision-statement.aspx). This is the vision of James Lincoln, founder of Lincoln Electric Company. I will look at this vision and apply it towards the†¦show more content†¦572). Finally, the last stakeholders in the Lincoln Electric Company are the stockholders. James Lincoln regulated them to secondary status. However, the stockholders of Lincoln Electric have done well over the years. Integration and Application. P. 67 a. Describe the relevance of the environmental forces for Lincoln Electric’s approach to managing human resources. Economic globalization. Nobody cannot stop globalization. Lincoln Electric realized this concept. They used the same philosophy here as they do on foreign land. Lincoln Electric found out how customs and laws affected them as far as business. The worldwide business environment remains to be a main developmental prospect for Lincoln Electric as far as global manufacture and trades from the United States (Jackson et al., 2011). The country culture of the United States. Lincoln Electric has been on top in relating to the country’s culture of the United States. James Lincoln realized that treating people fair and realized their needs will sustain the company for the long haul. For an example, in 2008 when the United States was in recession, many major corporations laid of its employees. The feeling of discontent was high in the United States. However, Lincoln Electric did not lay off one person. Instead, the company lower their hours until the recession is over. Not only this method saved the employees’ jobs and it also sustain their morals and spirits. TheShow MoreRelatedThe Lincoln Electric Company Case Study Essay1027 Words   |  5 PagesThere are plenty of reasons why Lincoln Electric Company (LEC) is successful, and a big one that people usually credit the success to is the way it’s managed. While reading the Lincoln Electric Company Harvard Case Study by Arthur Sharplin, we learned a lot about the echo of the founder’s philosophies still very present in the company, we looked at the highly rewarding merit pay plan, and we learned about LEC’s authoritarian management style. There are plenty more reasons why LEC has been so successfulRead MoreLincoln Electric Company Case Study Essay823 Words   |  4 PagesLincoln Electric Company Harvard Case Study by Arthur Sharplin is an eye-opening exposition on the inner workings of such a successful organization. Many times, when the general public hears of a successful company, they normally focus on the product, the impact on society and the numbers. But to have an insight on how a company reached its current level of success explicates what it takes to maintain a high level of consistency. Although I understand that the policies and plans that are implementedRead MoreCase Study : Lincoln Electric Company Essay814 Words   |  4 PagesCase Study: Lincoln Electric Company Lincoln Electric Company is headquartered in Cleveland, Ohio. Established in Euclid, Ohio by John C. Lincoln and James F. Lincoln. 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Having read the Lincoln Electric Company Harvard Case Study by Arthur Sharplin, I would like to contextualize my evaluati on into differentRead MoreCase Analysis : Lincoln Electric Company Harvard Case Study Essay973 Words   |  4 PagesAssignment Unit 3 Case Analysis of The Lincoln Electric Company Harvard Case Study In this case analysis I will be analyzing and summarizing my understanding of the organizational culture of the Lincoln Electric Company, based on key pointers and a Harvard Case Study by Arthur Sharplin. In my analysis I will be using the framework from chapter eight of the textbook â€Å"Principles of Management† by Carpenter, Bauer and Erdogan to discern aspects of the company’s culture. The company is said to have aRead MoreCase Study887 Words   |  4 PagesCHAPTER I INTRODUCTION 1.1 Reasons choose the case 1.2 The Problems The problems of this case are: 1. How would you characterize Lincoln Electric’s strategy? In this context, what is the nature of Lincoln’s business and upon what bases does this company compete? 2. What are the most important elements of Lincoln’s overall approach to organization and control that help explain why this company is so successful? How well do Lincoln’s organization and control mechanismsRead MoreAnalysis On The Lincoln Electric Company Essay948 Words   |  4 PagesANALYSIS ON THE LINCOLN ELECTRIC COMPANY INTRODUCTION The general outlook of The Lincoln Electric Company shows that it was a successful company regardless of the death of James F. Lincoln in 1965. The many college management texts refer to the Lincoln plan as a model of achieving high worker productivity. SUBJECTING THE LINCOLN ELECTRIC COMPANY TO THE ORGANISATIONAL CULTURE ANALYSIS Organizational Culture according to the text book refers to a system of shared assumptions, values, and beliefs that