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Case - Essay Example

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The company of Lincoln electric used the strengths of the company as their strategy. They did this by looking at their manufacturing capabilities and methods of reducing its cost. In so doing, they were able to sell their goods at a cheaper price. This is because they did not…
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Download file "Case" to see previous pages... 5. The management of the company used the scientific management in their strategy. They looked at how the result of reducing the production would affect the growth of the company. In so doing they chose a method that could work and enable them make profits.
6. The quality control that the company used is that they satisfy their employees and motivate them enough.
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This ensured that they work well and produced quality goods. I believe that this is a good strategy as it ensured that they created quality goods for a long time.
7. The forces that are very important in the management of the company are the socio cultural forces and the technological forces. This is because they will keep the company in the upfront of the competition if they are looked at keenly.
10. The competitive strategy that the company has used is observing the competitors and coming up with a method that is a weakness for their competitions. The weakness of the competitors was also the strength of the company.
11. The key elements that the company observed was working with a target duration, having a measurable and attainable goals and having specific and results oriented objectives. These elements go a long way in ensuring that the company achieves all its goals and objectives.
12. One of the cultural variation issues that was once a problem for the company is the need of the manager to reward the workers in any instancing they do a good job. This is because it did not motivate them to work as hard. This is because they knew they could get a reward for putting just enough effort in the work that they did.
13. The company was wise to choose the acquisition strategy over the Greenfield. This is because with the acquisition strategy they have assurance that they will use their own strength to grow their company.
14. The company did not embrace the technology world and they thus cannot be able to have wider coverage. The company will also experience the problem of the wrong ...Download file "Case" to see next pagesRead More
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