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Lincoln Electric Company - Case Study Example

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This paper "Lincoln Electric Company" focuses on one of the world’s leading manufacturers of welding products and industrial electric motors. It has more than four thousand employees who work in the three factories situated in the United States of America.  …
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Lincoln Electric Company
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Download file to see previous pages This made him expand his employees to thirty as his sales also increased (Buller, & Schuller, n.d).
Lincoln’s brother, James Lincoln joined the fast-growing company after dropping out of Ohio State University because of typhoid. He became an active head of the business enterprise in 1914. This was after he assumed the titles of Vice President and General Manager. John remained the head of the company operating as president for a long time before venturing into other business as an investor. James Lincoln initiated several changes into the company (Buller, & Schuller, n.d). These changes led to fast growth and development of the company. The first change that James Lincoln initiated was allowing employees to elect representatives to represent them in the Advisory Board. The Advisory Board members were to meet the company executives every two weeks. They were to discuss some of the issues and problems the workers were facing in their line of duty. These meetings were extremely beneficial since workers grievances were made presented to the company executives.
The Advisory Board also advised the executives on how to conduct the operations of the company. It is through their deliberations with that the executives that innovative policies that distinguish Lincoln Electric Company from its competitors. For instance, rewards and incentives aimed at motivating the workers were introduced. Working hours were reduced from fifty-five to fifty per week. This meant that the workers were not being overworked, and were being enough time to rest (Buller, & Schuller, n.d). This resulted to high work turn over since the workers diligently did their jobs well and rested when exhausted. The employees were also issued with a life insurance policy. The insurance policy ensured that they were always in excellent health. This implied that they never missed work because of sickness, and in the long run the company’s operations always run smoothly.   ...Download file to see next pagesRead More
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