Preview

Term Paper

Satisfactory Essays
Open Document
Open Document
291 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
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.

They are headquartered in Euclid, Ohio (a Cleveland suburb) – a very strong union region of our country, yet, they have never had a serious union organizing effort. Their philosophies regarding customers, employees and stakeholders seems to parallel that of Southwest Airlines.

Having said this, I want your research efforts to focus on the policies and practices that have kept Lincoln in the forefront of companies considered “Employers of Choice”.

Sample issues are listed below; however, feel free to expand this list to back up your summary position. Chronicle the history of this company from its’ 1895 beginning.

What are the Vision, Mission and Value statements of the Company?

Describe the operating philosophy (attitude) regarding the customer, stockholders, unions, and their beliefs/assumptions about employees, (paying close attention to the issue of job security).

Describe Lincoln’s management incentive and employee bonus plans.

Describe the human resources practices credited with their success.

What are the strategic issues driving their success?

Please answer the questions in the order asked above, and single-line answers are not acceptable. Each question is both important and relevant to the success of Lincoln - and should be thoroughly researched/answered for appropriate credit.

Summarize your research by giving me your personal assessment regarding the future success of Lincoln Electric.

Your report must be a minimum of 4 full pages, (excluding source references), double-spaced, and must be turned in no later than the end of class on 10/17 or 11/21. Late papers will not be accepted. You can submit either this or the SWA case on these dates.

You May Also Find These Documents Helpful

  • Powerful Essays

    Cma Case

    • 2386 Words
    • 10 Pages

    The introduction, body and conclusion combined are no more than 750 words, and there are no more than five (5) pages of properly formatted appendices. Content that exceeds these length limits is not considered in the assessment of the response. The report is limited to one MS Word and one MS Excel file.…

    • 2386 Words
    • 10 Pages
    Powerful Essays
  • Satisfactory Essays

    Lincoln Assignment

    • 752 Words
    • 4 Pages

    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
  • Powerful Essays

    Term Paper

    • 1304 Words
    • 6 Pages

    This is an upper level undergraduate course which is intended to present the fundamental biological principles of psychobiology/behavioral neuroscience to science undergraduate students. This course will cover the concepts of cellular and structural anatomy and physiology of the nervous system; the neurotransmitter systems and psychopharmacology; the functional anatomy of sensory systems, including vision, audition, olfaction, gustation and somatosensattion; and the motor system.…

    • 1304 Words
    • 6 Pages
    Powerful Essays
  • Good Essays

    Term Paper

    • 472 Words
    • 2 Pages

    In “The Processing Plant,” Pollan attempts to track down what happens to the corn that is not sent to the feedlot. Much of it ends up in processing plants. Pollan distinguishes between a traditional mill, which grinds corn into flour to produce tortillas, and wet mills, which rely on a great deal of water, energy derived from fossil fuels, and steel tanks. These wet mills are like an artificial digestive system that breaks corn down into its molecular parts so it can be used to produce, among many other things, high-fructose corn syrup. Pollan explains that once corn is broken down…

    • 472 Words
    • 2 Pages
    Good Essays
  • Satisfactory Essays

    Term Paper

    • 352 Words
    • 2 Pages

    California's criminal justice system is undergoing significant changes as a result of realignment AB 109. The legislation realigns from the state to local level responsibility for supervising people convicted of certain felony crimes.…

    • 352 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Term Paper

    • 708 Words
    • 3 Pages

    1. In the late 2000, Lucent announced that revenues would be adjusted downwards by $679 million as a result of revenue recognition problems. Yet the firm’s market capitalization plummeted by $24.7 billion. Why do you think the market reacted so negatively to Lucent’s announcements of the problem/…

    • 708 Words
    • 3 Pages
    Satisfactory Essays
  • Powerful Essays

    we know that Lincoln Electric Company is a famous company and it has high profit for it has some unusual system and rule. However, according to today business, we could know that the Lincoln Electric Company will meet some problems for its old system and rule. Thus, I will point out some problems in Lincoln Electric Company and also give my recommend in order to solve those problems.…

    • 2741 Words
    • 11 Pages
    Powerful Essays
  • Better Essays

    Hrm Lincoln Electric Case

    • 1031 Words
    • 5 Pages

    Lincoln electric established consistent HRM policies to build trust. This has been true since inception. This long history promotes confidence in employees and surety of future reward. Workers average $17,600 per year on standard 32 hour work weeks. They are able to earn about this same amount again in bonuses. This system creates high productivity. Lincoln Electric operates on a system of equality, cooperation, and need. Each employee is given the same number of hours as others. When business slows, all workers reduce hours equally. When overtime is needed, this workload is also distributed without favor to the workers. Today, Lincoln Electric is the largest manufacturer of welding equipment. Lincoln Electric sells a wide range of products from common stick welders to specialty plasma welders. Lincoln Electric successfully expanded internationally before 1955 into England, Australia, and France. It took the powerful HRM model into each of those nations. In the 1980’s, Lincoln Electric moved to expand simultaneously into several nations. Equivalent to nearly half annual production went into the expansion. Results returned contrary to expectations. A new CEO backtracked and sold off some of the investments. After careful analysis, a wider, locally responsive HRM model was developed. This new model was deployed with a renewed international expansion effort. Today, Lincoln Electric maintains 35 manufacturing facilities in 17 nations.…

    • 1031 Words
    • 5 Pages
    Better Essays
  • Good Essays

    Lincoln Electric

    • 422 Words
    • 2 Pages

    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
  • Good Essays

    Term Paper

    • 970 Words
    • 4 Pages

    Anne Bradstreet and Edward Taylor were two deeply religious American writers of different backgrounds. They wrote with devotion to their Christian faith. These two Puritans showed dedication to their families and to their writing. An analysis of Anne Bradstreet and Edward Taylor’s poetry revealed two noticeable differences: the audience and their views of death.…

    • 970 Words
    • 4 Pages
    Good Essays
  • Satisfactory Essays

    term paper

    • 373 Words
    • 2 Pages

    Editing Challenge 1. The following memo has faults in proofreading, grammar, spelling, punctuation, capitalization, word use, and number form. Your instructor may ask you to (a) print the message as shown and edit it with handwritten proofreading marks (see Appendix B), (b) edit the message without showing proofing marks, or (c) use the Track Changes feature in Microsoft Word to show your editing comments. Hint: In this memo you will have about 40 edits that you might combine in 30 Track Changes comments. Use your own name as the writer. Print your revision with a 1.5-inch top margin. Identify this assignment before submitting. Do not print these instructions.…

    • 373 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    term paper

    • 1285 Words
    • 6 Pages

    Mathematics B Unit 1: Statistics and Probability (Calculator) Higher Tier Monday 13 June 2011 – Afternoon Time: 1 hour 15 minutes Paper Reference 5MB1H/01 You must have: Total Marks Ruler graduated in centimetres and millimetres, protractor, compasses, pen, HB pencil, eraser, calculator. Tracing paper may be used. Instructions black ink or • Usein the boxesball-point pen.…

    • 1285 Words
    • 6 Pages
    Satisfactory Essays
  • Good Essays

    The Lincoln Electric Company

    • 3044 Words
    • 13 Pages

    The Lincoln Electric Company is a leading manufacturer of arc-welding and cutting products. Founded by John C. Lincoln in 1895, Lincoln Electric began its business with the design of electric motors. John's younger brother, James, joined the company in 1909 as a salesman.…

    • 3044 Words
    • 13 Pages
    Good Essays
  • Powerful Essays

    Term Paper

    • 1521 Words
    • 7 Pages

    “And it shall come to pass afterward, that I will pour out my spirit upon all flesh; and your sons and your daughters shall prophesy, your old men shall dream dreams, your young men shall see visions: And also upon the servants and upon the handmaids in those days will I pour out my spirit” (JOEL 2:28-29).…

    • 1521 Words
    • 7 Pages
    Powerful Essays
  • Better Essays

    FinalPaper LincolnElectric

    • 3356 Words
    • 10 Pages

    Lincoln Electric is an American, manufacturing company founded in Cleveland by the entrepreneurial John C. Lincoln in 1895. Lincoln Electric achieved great success throughout its history due mostly in part to John Lincoln’s management and employee compensation strategies. Lincoln Electric’s strategy succeeded domestically but failed internationally due to cultural differences and self-inflicted company errors. Lincoln Electric’s current CEO, Anthony Massaro, has designated Michael Gillespie, President of Asia Region, to evaluate Lincoln’s capacity to effectively enter a new international market: Indonesia. When evaluating Lincoln Electric’s past failures in international expansion, Gillespie would have noticed many organizational behavior problems that caused the fiascos in Lincoln’s international markets.…

    • 3356 Words
    • 10 Pages
    Better Essays