Lincoln Electric’s CEO Massaro was correct in his assessment that‚ markets in developing countries would grow faster and yield a higher return. This strategy was critical and in alignment with the organization ’s goal to reach 50% foreign sales revenue. As president of Lincoln Asia‚ Mike Gillespie faces a great challenge with his decision to enter the Indonesian market. If Mr. Gillespie does decide to enter Indonesia‚ he must also decide whether to do it alone or through a joint venture‚ and how
Premium Minimum wage Strategic management Wage
Lincoln Electric: Venturing Abroad 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? Lincoln Electric was able to grow and prosper in such a difficult industry‚ because of their groundbreaking incentive program. It was a system that awarded annual bonus to efficient employees based on the amount and quality
Premium Incentive Failure Force
Why the Lincoln Electric Company is the World’s Best Managed Company The Lincoln Electric company was started by John C. Lincoln with this proprietary design of electric motors in 1895. However‚ the company we know today‚ with their extraordinary compassion for their employees‚ was the brainchild of his younger brother James F. Lincoln and his ability to show that the company cares about people. In the establishing years of James F.’s reign starting in the early 1900’s‚ he instituted a life insurance
Premium Management Ford Motor Company Employment
Lincoln Electric How would you describe Lincoln’s approach to the organization and motivation of their employee? I believe their motivation and organization is very one sided. I feel like their motivation is solely monetary based. Their compensation policy motivates workers by paying them based on output but also fosters complacency as they are guaranteed employment. They provide personal feedback based on a merit score but only positive high ranking numbers are rewarded‚ there are no consequences
Premium Money Laborer Ranking
1. Why did Lincoln’s early international expansion efforts fail? I think that the main reason why Lincoln’s early international expansion efforts fail is that company has lack of international experience. Therefore they made a lot of mistakes while they were trying to expand the company’s international manufacturing presence. The first mistake was that they tried to implement their incentive system instead of the system that existed in acquired plants. Willis didn’t take into account the cultural
Premium Corporation Mistake European Union
Discussion questions: 1. Which ten features of Lincoln Electric’s human resources and compensation policy do you find most noteworthy? I. Piecework has a fixed price and cannot be changed unless a new method of producing the item is established. II. Separate ‘Time Study’ department that sets the price awarded for piecework and the ability for employees to appeal prices etc. III. Additional yearly bonus
Premium Employment
The Lincoln Electric Company‚ 1996 Background 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. Almost twenty years after founding the company‚ John C. Lincoln decided to concentrate on being an engineer and inventor‚ and turned the duties of running the company to his brother
Premium Arc welding Electrical engineering Management
The Lincoln Electric Case International Strategic Management By: Group 4A Introduction John C. Lincoln founded the Lincoln Electric Company in the year 1895. The first products that the company produced and sold were electric motors that he had designed himself. A Few years later‚ in 1907 his brother James‚ a recently graduate from the Ohio State University‚ joined as a senior manager; He was also the one who would introduce different and very innovative human resource policies
Premium Arc welding Lincoln Electric Strategic management
Case Study Lincoln Electric Company Case Study January 17th‚ 2008 EXECUTIVE SUMMARY Lincol Electric Company is a very successful company on the market. It has a good market share due to its productivity. Productivity is the key element of a firm to be successful. Lincoln Electric created a system to pressure employees for a higher productivity. The pressure that this company uses is not psychological‚ it is the motivational one. The management motivates its workers with several bonus
Premium Employment Motivation Productivity
Lincoln Electric-Analysis Submitted by: Rahul Agarwal 1. Put yourself in CEO John Stropki’s shoes. Should Lincoln Electric expand into India by investing in a major production facility there? Ans. An Indian expansion through an investment in the major production facility is the most logical step for Lincoln Electric in pursuance of its long term strategic goals. The company needs to be free from its dependence on North American sales; the sales in the North American markets are stagnant
Premium Economy of the People's Republic of China Economics Investment