Nobody downloaded yet

Lincoln Electric - Case Study Example

Comments (0) Cite this document
Summary
This paper presents the company Lincoln Electric which was established in the year 1895 and is the leader in the welding business worldwide. The company has its head office in Cleveland in the city of Ohio. It has associations as well as joint-ventures in around 19 different countries. …
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER95.8% of users find it useful
Lincoln Electric
Read TextPreview

Extract of sample
"Lincoln Electric"

Download file to see previous pages As the discussion stresses one of the major contributing factors towards the success of Lincoln Electric is its flexibility. The company does not believe in maintaining an official organization chart in order to offer high flexibility. The company’s easy and less complicated policy support s employees to go to anyone whom they think to be proficient enough in providing solutions to their problems offering a flexible organizational structure. Flexibility is considered to be an important factor for the success of any organization. Employees or workers should be given enough flexibility to work according to their own ways and convenience in order to be productive ensuring the superiority of the end products.This paper highlights that an easy and less complex policy would remove the barriers among the workers and the executives and would facilitate smooth communication. Communication is quite important in organizations so that the problems can be communicated to the concerned person and measures can be immediately taken to find a solution without largely hampering the manufacturing functions. The company does not have any special policies or perks for the executives which promotes a sense of equality among the employees and in turn encourages a sense of responsibility in them. The company handed over the control of management to various teams which facilitate them with the right to take decisions when necessary. This ensures a smooth flow of work, as employees need not wait for others to take decisions and then having to act accordingly. This triggers in them a sense of responsibility to perform better (Willcoxson, 2011). Another important factor is that employees are entitled to profit sharing as well as stock options based on individual as well as team performance (McGee & Et. Al., 2006). Employees are influenced to bring forward innovative ideas by the management which would enhance their productivity. The company constantly invests on training as well as educating the employees to make certain effectual contributions towards business performance. The responsibilities given to the employees are also considered as significant factor. They include pay cuts and penalties in case of absenteeism which instill a sense of responsibility, the workers related to production needs to provide assurance regarding the quality of individual piece produced by them or else no payment is made against it and finally there are only few supervisors owing to which team work is promoted without any detailed supervision. Thus, the above mentioned factors can be considered as the major contributing factors for the company’s superior performance (Lussier, 2008).
Understanding of the Factors Responsible for High Performance

The high performance of Lincoln Electric is reliant on many external as well as internal factors. Flexibility, communication, incentive structure, policies, sense of equality and responsibility are the most important contributing ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Lincoln Electric Case Study Example | Topics and Well Written Essays - 1000 words”, n.d.)
Lincoln Electric Case Study Example | Topics and Well Written Essays - 1000 words. Retrieved from https://studentshare.org/management/1433876-case-study-lincoln-electric
(Lincoln Electric Case Study Example | Topics and Well Written Essays - 1000 Words)
Lincoln Electric Case Study Example | Topics and Well Written Essays - 1000 Words. https://studentshare.org/management/1433876-case-study-lincoln-electric.
“Lincoln Electric Case Study Example | Topics and Well Written Essays - 1000 Words”, n.d. https://studentshare.org/management/1433876-case-study-lincoln-electric.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document
CHECK THESE SAMPLES - THEY ALSO FIT YOUR TOPIC
Lincoln Electric Business Case
...?Lincoln Electric business case study Lincoln Electric is a manufacturing company based in Euclid, Ohio, and it manufactures arc welding equipments, plasma and oxy-fuel cutting equipments, industrial electric motors, along with systems and equipments which do robotic welding. Although, they have wide range of products in their portfolio, arc-welding products are their mainstay business. It is because Lincoln Electric mainly started as the manufacturers of arc welding equipments, and has been one of its leading manufacturers for many decades throughout the world. In early 1990s, the period that is focused in the case...
9 Pages(2250 words)Essay
Performance Management at Lincoln Electric Company and Southwest
...? Performance management at Lincoln Electric Company and Southwest 22 September Table of Contents Table of Contents Introduction 3 Recruiting and Selection 4 Performance Management 4 Management Styles 4 Remuneration, Benefits, and Incentive Systems 5 Participation Level and Nature 7 Organizational structure. 7 Nature and level of participation . 7 Unionism. 8 Communication policies. 9 Performance Management Structure 9 Training and Development 10 Conclusion 11 References 12 Introduction Two of the most successful companies in their fields are Lincoln Electric and Southwest Airlines. A common denominator that has been linked to their success is their concern for employees...
9 Pages(2250 words)Case Study
Anlysis of the Lincoln Electric Company
...The Lincoln Electric Company (Lincoln Electric) is in the arc welding and cutting industry (The Lincoln Electric Company online). PESTEL analysis (O'Conor, 50) and Michael Porter's (137-45) five forces analysis will be used to analyze this industry's international factors and the oversea markets. Factors in the political environment that affect the cutting and welding industry include political uncertainty in countries such as Venezuela and international terrorism. Factors in the economic environment are the costs and availability of energy and raw materials. The availability and prices for raw materials are subject to volatility and...
3 Pages(750 words)Essay
Abraham Lincoln
...Order: 285235 Abraham Lincoln Had Abraham Lincoln died in the spring of 1860, he would today be a forgotten man; it was his handling of the greatest crisis ever faced by America that sparked the continuing interest in his life. (Neely, Mark E. Jr.; "The Last Best Hope of Earth: Abraham Lincoln and the Promise of America"; Harvard University Press; pp.5). "Whatever made Lincoln's life memorable occurred in the brief but eventful time between the summer of 1860 and the spring of 1865." (Neely, Mark E, Jr.; "The Last Best Hope of Earth: Abraham Lincoln and the Promise of America"; Harvard University Press; pp.5). "With the possible exception of the depth of...
7 Pages(1750 words)Essay
Lincoln electric case study
...Lincoln Electric Case Study Table of Contents Lincoln Electric Case Study Table of Contents 2 Introduction 3 Whether Lincoln follows a hierarchicalor decentralized approach to management- explanation and examples 3 What makes the Lincoln System so successful in the United States 4 Problems while transporting the Lincoln Control System to other national cultures 4 Whether Lincoln should borrow and pay bonus in order to avoid breaking trust with its US workers 5 Conclusion 5 References 6 Introduction This project aims to bring forth the reasons as to why a company that had operated successfully in the home country has failed to perform equally well in a foreign land. Difference in culture of the two countries has been interrogated... in this...
3 Pages(750 words)Essay
Lincoln Electric
...LincolnElectric case study Q1: LincolnElectric follows a hierarchical management system. In a hierarchical system, there is a strict distinction between the different levels of management within the organization, with each level or hierarchy concerned with the functioning of that level only (Armstrong, 2006). The power and responsibilities associated with the management of the organization converge from the workers upward toward the president or executives of the company (Armstrong, 2006), so that the workers are at the lowest stratum and the president or the managing executives at the highest stratum (LincolnElectric, 2010). This holds true... for ...
2 Pages(500 words)Essay
The Four Methods in Lincoln Electric
...The Four Methods in Lincoln Electric 1. Which of the four methods stated in the textbook did Lincoln Electric use to gain a competitive advantage over its competitors, and how and why did they use these methods to gain an edge over their rivals. Discuss. Lincoln Electric used the Low Cost Leadership method to gain competitive advantage over its competitors. This permeates right through the organization, with its emphasis on high productivity and piecework reward systems. It has 40 percent of the US market for arc welding equipment and supplies and under its new leadership of Massaro as President and COO, is planning to expand further...
10 Pages(2500 words)Case Study
Lincoln electric
...Lincoln Electric Question From the case of Lincoln Electric, the four methods used to gain competitive advantage over their rivals include the following: strengthening production, to reduce the costs of production – then passing the savings to the customer – thus a reduction in prices; capitalizing on adequate incentives and competition to develop the potential of the employees, thus increased innovation and production of rewarding products; the development and the nurture of a strong, knowledgeable, experienced sales team; the integrated manufacturing and sales strategy, which builds on the company’s existing relationships with customers and distributors. Why they used...
8 Pages(2000 words)Essay
Abraham Lincoln
...Abraham Lincoln was 16th President of US and is considered as one of the greatest Presidents in the history of country because he led the nation through military, constitutional as well as moral crisis. The article “The True Lincoln” which appeared in Time on June 26, 2005 suggested that Lincoln is probably the only President who has provoked so many questions because of the complexity of his character as a whole. This article generally outlines the overall charisma and character of Lincoln which has dominated American politics and society since his death. The article has also discussed about his role in binding both the North and the South and peace which has been...
2 Pages(500 words)Research Paper
Abraham Lincoln
...Lincoln was born on February 12, 1809 in a log cabin close to Hodgenville, Kentucky. His family confronted numerous hardships. They attempted to survive and to learn. The Lincolns moved to Indiana in 1816, mostly in view of their restriction to slavery. Lincoln took each chance to learn while he earned a living on a farm, split rails for fences, and tended a store in Illinois. (NPS) Abraham Lincolns religious and moral perspectives are of perpetual enthusiasm to people of history and statesmanship. Lincoln never formally joined a specific religious sect, yet is famous for his information and utilization of Scripture. He is thought by many to have...
5 Pages(1250 words)Research Paper
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Let us find you another Case Study on topic Lincoln Electric for FREE!
logo footer
Contact us:
+16312120006
Contact Us Now
FREE Mobile Apps:
  • StudentShare App Store
  • StudentShare Google play
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • Miscellaneous
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us