Preview

Lincoln Electric Case Study

Powerful Essays
Open Document
Open Document
1469 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Lincoln Electric Case Study
Lincoln Electric
Case Study

Table of Contents
Introduction……………………………………………………………….….…3
Vision, Mission and Value statement………………………………….……….3
Attitude towards Customer……………………………………………………..3
Attitude towards Stockholders……………………………………..…….….….4
Attitude towards Unionism………………………………………………..……4
Beliefs and Assumptions about Employees………………………..……..….…4
Management incentive and Employee Bonus Plans……………..…….….…....4
Human Resources Practices……………………………………………...….….5
Strategic Issues……………………………………………………………….…7
Reference...................................................................................................,,,,…...9

Lincoln Electric
The Lincoln Electric was founded in 1895, and is the world leader in the design, development and manufacture of arc welding products, robotic welding systems, plasma and oxyfuel cutting equipment.
Lincoln Electric's vision is to be the international leader in quality welding and cutting products as measured by innovative technology for new products and services, global sales volume, and shareholder value.
The mission of The Lincoln Electric Company is to earn and retain global leadership as a total quality supplier of superior products and services.
As a responsible and successful company in partnership with our customers, distributors, employees, shareholders, suppliers and our host communities, Lincoln Electric pledges itself to conduct its business in accordance with these core values: * Respond to our customers’ needs and expectations with quality, integrity, and value. * Recognize people as our most valuable asset. * Maintain and expand the Lincoln Incentive Management philosophy. * Practice prudent and responsible financial management. * Strive continually to be environmentally responsible. * Support communities where we operate and industries in which we participate. Attitude toward


References: John Smith. Lincoln Electric Company, 2005. http://www.highbeam.com/doc/1G1-192380785.html Southwestern Publishing Co.: Cincinnati, Ohio, USA: (2003) www.rci.rutgers.edu/~schuler/mainpages/lincolnelectric.doc Brian Borton. A case study of Lincoln Electric 2004 http://ezinearticles.com/?A-Case-Study-of-Lincoln-Electric&id=51395
Continue Reading
View Writing Issues

You May Also Find These Documents Helpful

  • Better Essays

    Researching the Roarin' Twenties
    • 1415 Words
    • 6 Pages

    Researching the Roarin' Twenties

    Henry Ford revolutionized the way factories worked with his system of an assembly line. The assembly line had workers working individually on one job and one job only all day to put together automobiles. Ford’s system was very effective as he could produce many reliable cars that an average family could afford. With new farming techniques, production was on the rise and many farmers left the agricultural industry to work in factories. Workers were starting to receive benefits such as pensions and longer work vacations. Most employers wanted to keep the production costs low even though the workers’ wages were increasing. In the early 20th century electricity was starting to be used in factories, majority of the factories using this electricity was Ford’s company. They were using the…

    • 1415 Words
    • 6 Pages
    Better Essays
    Read More
  • Powerful Essays

    J&J Electrical Contractors, Inc.: Retaining Viability in a Highly Competitive Industry
    • 7978 Words
    • 32 Pages

    J&J Electrical Contractors, Inc.: Retaining Viability in a Highly Competitive Industry

    Our most important accomplishment has been customer service. We have built our rep- utation on integrity, responsibility and reliability. Even though we are not always the cheapest, when customers hire J&J Electrical for a project they know what they are going to get; there are not a lot of surprises. When we do have a bad project, we never have to go to court. Instead of letting it go to our bonding company or walking away from the project and going into litigation, we just fix the problem, take the loss, and go on. You don’t want to do that all the time, but sometimes you don’t have a choice. So, we’ve built relationships that way. We have the same clients that we’ve dealt with since 1987, and we have continued to build clientele. So, our plan has been to focus on service and integrity.…

    • 7978 Words
    • 32 Pages
    Powerful Essays
    Read More
  • Powerful Essays

    Lincoln electric
    • 11336 Words
    • 74 Pages

    Lincoln electric

    institutions with data on each subsidiary’s strategic choices and historical operating performance. We find that Lincoln…

    • 11336 Words
    • 74 Pages
    Powerful Essays
    Read More
  • Satisfactory Essays

    Term Paper
    • 291 Words
    • 2 Pages

    Term Paper

    Lincoln Electric was founded in 1895, and is the world leader in the design, development and manufacture of arc welding products, robotic welding systems, plasma and oxyfuel cutting equipment.…

    • 291 Words
    • 2 Pages
    Satisfactory Essays
    Read More
  • Powerful Essays

    EST1 Task2
    • 1460 Words
    • 5 Pages

    EST1 Task2

    Our Company takes great pride in the high standards of honesty and integrity, which our employees maintain. Compliance with laws, regulations, and business ethics is essential to the survival of our business. Progress and development can be realized only through the combined efforts and cooperation of each employee of our company. United in spirit, we pledge to perform our corporate duties with dedication, diligence, and integrity. Our business philosophy helps us determine our objectives, our approach to business activities, and the general direction of our company. These guidelines serve as a compass, helping us set and maintain the right direction for our business. Employees of our company follow these guidelines and move toward our business objectives.…

    • 1460 Words
    • 5 Pages
    Powerful Essays
    Read More
  • Good Essays

    Toolscorp Case Study
    • 620 Words
    • 3 Pages

    Toolscorp Case Study

    This company has decided to go global because they are confident in the ability to impact the world by producing products that are meaningful and distinguishable from all other businesses in their market. We will work to produce and manufacture appliances that will not affect the environment negatively. We are a company that will embrace the value of its investors, customers, and the environment in which they market their products. The growing demand for electrical products for professional and consumer use combined with increased consumer awareness of the benefits of…

    • 620 Words
    • 3 Pages
    Good Essays
    Read More
  • Satisfactory Essays

    Lincoln Assignment
    • 752 Words
    • 4 Pages

    Lincoln Assignment

    1. How was Lincoln able to grow and prosper for so long in such a difficult commodity industry that forced out other giants such as General Electric, Westinghouse, and BOC? What is the source of Lincoln’s outstanding and enduring success?…

    • 752 Words
    • 4 Pages
    Satisfactory Essays
    Read More
  • Good Essays

    Jones Electrical Case Study
    • 1070 Words
    • 5 Pages

    Jones Electrical Case Study

    As we can see from the figures and the information given in the present case, the company is very profitable due to the ambition and well management done by its owner Mr. Jones. In this regard, we can see in “Table 2 in the spreadsheet”, that the company is taking advantage of the 2% discount offered by suppliers saving around $75,000.00 per year.…

    • 1070 Words
    • 5 Pages
    Good Essays
    Read More
  • Better Essays

    General Electric: From Jack Welch to Jeffrey Immelt
    • 1597 Words
    • 7 Pages

    General Electric: From Jack Welch to Jeffrey Immelt

    Immelt is faced with the challenge of getting the GE employees to develop a trusting and open relationship that can grow GE into new markets and hold stable in a time of constant change. His humility and professional will create a new environment for GE that will be profitable from long-term investments, social responsibility, and employee empowerment. Immelt is already leading in his own authentic way by being people-oriented and concentrating on effectiveness rather than efficiency. If he can continue to stay true to his authentic values while developing them further into a level 5 leader, GE will manage to stay competitive in the new economic market.…

    • 1597 Words
    • 7 Pages
    Better Essays
    Read More
  • Good Essays

    Lincoln Electric
    • 414 Words
    • 2 Pages

    Lincoln Electric

    Which ten features of Lincoln Electric’s human resources and compensation policy do you find most noteworthy?…

    • 414 Words
    • 2 Pages
    Good Essays
    Read More
  • Good Essays

    Case Study
    • 880 Words
    • 4 Pages

    Case Study

    Lincoln Electric has found a simple way to beat the competition in the manufacturing industry, Lincoln puts the employees first, knowing that without happy employees nothing will improve and nothing will get produced. Through revolutionary incentive programs and effective motivation techniques Lincoln has found ways to keep employees coming back day after day with smiles on their faces and a genuine love for the company in their hearts. It is rare to find companies that value the individual so much while at the same time…

    • 880 Words
    • 4 Pages
    Good Essays
    Read More
  • Satisfactory Essays

    Lawford Electric Case Study
    • 718 Words
    • 3 Pages

    Lawford Electric Case Study

    This case is about Robert Allen who was trying to sell Bayfield a Drive system to work with a shearing line that they had recently purchased from Mangna Machinery. Allen lost the sale and was reviewing his call reports to see where he went wrong. The Exhibits shows that Allen did certain thing right, and he could’ve done more to keep the sale and to seal the deal so to speak. According to the text Allen built a good relationship with the engineers and the decision makers at the plant. He also contacted Magna and got the specifications for the shearing line, which was good move so they can tailor a custom system to better fit the shearling line. However, could’ve used that contact at Magna and involved them more in the process. Perhaps build and alliance with them and have them declare Lawford as a preferred partner.…

    • 718 Words
    • 3 Pages
    Satisfactory Essays
    Read More
  • Good Essays

    Lincoln Electric
    • 422 Words
    • 2 Pages

    Lincoln Electric

    Despite Lincoln Electric’s prosperous time, they failed during the late 1980s and early 1990s due to a variety of factors. The rapid international growth greatly decreased stockholders equity by over $80 million over a two-year period, and an even steeper drop in cash as long-term debt increased to an astonishing $217 million. This was mainly because they attempted to apply American standards in France, Australia, and Canada. This management style…

    • 422 Words
    • 2 Pages
    Good Essays
    Read More
  • Powerful Essays

    Lincoln Electric
    • 4757 Words
    • 20 Pages

    Lincoln Electric

    Lincoln electric was founded by John C Lincoln in 1895 to manufacture motor generators. James F Lincoln joined the company in 1907 and in 1911 company built its first arc welding machine. James mechanical genius gave company a head start in welding. He developed a portable welding machine which was a significant improvement from stationed machine which gave L.E a lead in this industry.…

    • 4757 Words
    • 20 Pages
    Powerful Essays
    Read More
  • Powerful Essays

    Organizational Culture and Incentives at Lincoln Electric
    • 1975 Words
    • 8 Pages

    Organizational Culture and Incentives at Lincoln Electric

    Lincoln Electric is a leading manufacturer of welding products, welding equipment, and electric motors, with more than US$1 billion in sales and 6,000 workers worldwide. Although now publicly traded, members of the Lincoln family still own more than 60 percent of the stock. Lincoln Electric’s tradition of innovative solutions, technological leadership and commitment to customers, employees, and shareholders stems from the vision of its founder, John C. Lincoln and his brother, James F. Lincoln. Lincoln Electric has a very successful management system that other businesses benchmark their own systems by it. For years, other companies have tried to figure out how management coaxes maximum productivity and quality from its workers, even during difficult financial times.…

    • 1975 Words
    • 8 Pages
    Powerful Essays
    Read More

Related Topics