StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...

The Four Methods in Lincoln Electric - Case Study Example

Comments (0) Cite this document
Summary
This essay describes 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. This permeates right through the organization…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER94.9% of users find it useful
The Four Methods in Lincoln Electric
Read TextPreview

Extract of sample "The Four Methods in Lincoln Electric"

Download file to see previous pages Secondly, it was the R&D efforts of its founders and its proactive stance that made it a success over its competitors, even though it had shared technology during the Second World War for the benefit of the USA. The company setup was planned and organized with very few levels of management. Workers had a right to voice their opinions and thoughts and these were listened to, with the consequence that there was no need for unionization. There was an open door policy and every complaint was looked into. The vision for the company was to expand and prosper through a system of high productivity and rewards like year-end bonus and guaranteed employment. The company also promoted from within and many of the top management had progressed from the lower ranks up the organization. The company was successful in extending this culture and philosophy developed at Cleveland to some regions but met with opposition from others. To some degree, culture and education have been responsible for this. Discuss Lincoln’s approach to the organization and motivation of their employees as it corresponds to the behavioral viewpoint of management, specifically as it relates to early behaviorism pioneered by Hugo Munsterberg, Mary Parker Follett and Elton Mayo’s Hawthorne Effect. The behavioral viewpoint of management seeks to motivate workers through a reward and punishment system aims to elicit a certain type of behavior from its employees. It is usually based on a system that is fair and equitable for everyone. Hugo Munsterberg proposed that employee skills match job requirements and devising management strategies that made employees follow management’s best interests. Mary Parker Follett preferred that organizations work like communities with joint efforts and collaboration between workers and management to deal positively with problems that might emerge.  ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“The Four Methods in Lincoln Electric Case Study”, n.d.)
The Four Methods in Lincoln Electric Case Study. Retrieved from https://studentshare.org/management/1595547-the-final-case-study-fo-my-mgt-class
(The Four Methods in Lincoln Electric Case Study)
The Four Methods in Lincoln Electric Case Study. https://studentshare.org/management/1595547-the-final-case-study-fo-my-mgt-class.
“The Four Methods in Lincoln Electric Case Study”, n.d. https://studentshare.org/management/1595547-the-final-case-study-fo-my-mgt-class.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF The Four Methods in Lincoln Electric

Lincoln Electric

...Table of Contents Table of Contents 1 Introduction 2 Contributing Factors at Lincoln Electric 2 Understanding of the Factors Responsible for High Performance 4 Recommendations 5 Conclusion 5 References 6 Introduction The company Lincoln Electric 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. It also has manufacturing units and distribution systems along with sales offices located in over 160 countries. It has above 8,400 employees in its offices that are spread worldwide. The...
4 Pages(1000 words)Case Study

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

Descriptions and Examples of Four Research Methods

...Four articles, each an exemplar of different methods of research, were summarized to show the use of these research methodologies in current academic and professional journals. Two of the methods so demonstrated are characterized as qualitative methods: specifically the case study method and the historical research methods. The remaining two are quantitative methods, the content analysis method and the longitudinal study. Each of the four methods was then defined using the exemplar articles as well as supporting documentation from other experts in the fields of social...
6 Pages(1500 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

Berecz four personalty methods

.... Personality is psychological and becomes influenced by biological processes and needs. Personality causes one to react to people and objects in their environment based on their personality thus it causes behavior. Numerous techniques exist in research on personality study. Each technique has its own strengths and weaknesses (Goodwin, 2009). They include; an experimental method which is where the researcher manipulates and controls the variables he is interested in and takes measures of different results projected. It is the most scientific method of research. Its demerits are evident in analyzing complex aspects of personality like emotion, motivation and drive. These aspects are abstract and difficult...
2 Pages(500 words)Essay

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...
8 Pages(2000 words)Essay

Study Case

...1- Lincoln Electric used innovation and efficiency to sustain its goal of producing quality products at lower cost in comparison to its rivals. The company used two major tactics to make this possible. Firstly it developed its own technologies or customized the ones that it acquired to fit its internal processes. Secondly, it provided monetary and other incentives to spur competition and increase staff performance which resulted in higher staff productivity and efficiency. These incentives kept Lincoln Electric’s workers highly motivated, which reflected in their work. The pursuit of innovation and efficiency led to operational excellence which was its competitive edge over rival companies. 2- Lincoln Electric’s vision... was to be the...
6 Pages(1500 words)Case Study

Training Methods Used In Four Seasons

...Training Methods used for Managers and Non-Managers in Four Seasons Training Methods used for Managers and Non-Managers in Four Seasons The Four Seasons was designed and build in the 1960s by architect Sharp. The hotel was located in Toronto in proximity to the Canadian broadcasting Company (CBC). The executive vice president for human recourses at the time John Young saw a market niche of providing the CBC staff and guest with comfortable lodgings with a restaurant and a bar. It is apparent that privacy and comfortable physical spaces were provided. The impact of this led Sharp to develop more mid-sized hotels and resort branches of exceptional...
5 Pages(1250 words)Assignment

Human Resources Management Practice

6 Pages(1500 words)Case Study

The General Characteristics of the Lincoln Electric Company

...The General Characteristics of the Lincoln Electric Company 1) Lincoln Electric methods for sustaining its competitive edge over rivals has changed especially in terms of the method emphasized. In its early years the company relied heavily on innovation of its own equipment to give it operational advantages. With growth innovation was supported with process efficiency. Process efficiency in this instance was epitomized by the company’s focus on motivating staff to not only increase their productivity but also to come up with suggestions for lowering costs further. These two methods enabled the company to achieve cost...
6 Pages(1500 words)Case Study
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 The Four Methods in Lincoln Electric for FREE!

Contact Us