The Lincoln Electric Company Case Study Essay - 1027 Words

There are plenty of reasons why Lincoln Electric Company (LEC) is successful, and a big one that people usually credit the success to is the way it’s managed. While reading the Lincoln Electric Company Harvard Case Study by Arthur Sharplin, we learned a lot about the echo of the founder’s philosophies still very present in the company, we looked at the highly rewarding merit pay plan, and we learned about LEC’s authoritarian management style. There are plenty more reasons why LEC has been so successful over the years but these three are mostly responsible for the productivity, efficiency, morale, and overall satisfaction of the factory level employees and all the way up to the President’s office. A lot of people thought that once Mr. James Lincoln (better known as ‘Jimmy Sr.’) died in 1965 that the company would stop succeeding. People thought profits would drop, philosophies would be out of use, and the company would stop following Lincolnâ⠂¬â„¢s system that had led them so far. Opposite to that happened. Employee turnover rate became extremely low because of care to the employees and a well thought up management team. Employee productivity stayed at the standard that was established because Lincoln’s bonuses stayed with the company even when he had left it The company seemed ‘stronger than ever’. In addition to these standards, Lincoln also thought that the company should finance new locations through earnings made at LEC, not through loans or borrowing. This philosophy couldShow MoreRelatedLincoln Electric Company Case Study Essay823 Words   |  4 PagesLincoln Electric Company Harvard Case Study by Arthur Sharplin is an eye-opening exposition on the inner workings of such a successful organization. Many times, when the general public hears of a successful company, they normally focus on the product, the impact on society and the numbers. But to have an insight on how a company reached its current level of success explicates what it takes to maintain a high level of consistency. Although I understand that the policies and plans that are implementedRead MoreCase Study : Lincoln Electric Company Essay814 Words   |  4 PagesCase Study: Lincoln Electric Company Lincoln Electric Company is headquartered in Cleveland, Ohio. Established in Euclid, Ohio by John C. Lincoln and James F. Lincoln. The organization has been very successful and is now the world leading manufacturing company of welding products for over 120 years. Through their vision, John C. Lincoln and James F. Lincoln established a habit and culture of modernization and distinction that continues to drive the Company. Everyone at Lincoln strives to keep theirRead MoreLincoln Electric Company Case Study Study Analysis1026 Words   |  5 PagesLincoln Electric Company Case Study Analysis In this Case Study Analysis, I will identify examples of the types of organizational culture (innovative and stable) that the Lincoln Electric Company has, as well as the benefits and problems the company could experience as a result of these. The idea that stuck out the most about the Lincoln Electric Company is that they obviously have a strong culture that all levels of employees are proud to be a part of. According to Carpenter, Taylor, and ErdoganRead MoreCase Study : Lincoln Electric Company891 Words   |  4 Pagesabout Lincoln Electric Company. The first point of the paper is to look at the continuing influence of the founders of the company. The second point is to look at the golden rule, the incentive management plan, the performance appraisal system, the way people communicate in the company, the merit pay plan, the bonus plan, and the management style. By analyzing these features the end result will be that there is an understanding of the culture of the company. Lincoln Electric CompanyRead MoreAnalysis Of The Lincoln Electric Company Harvard Case Study1006 Words   |  5 PagesAnalysis of the Lincoln Electric Company Harvard Case Study by Arthur Sharplin By: Lauren N. Ingram The Lincoln Electric Company was a legacy company from which the families personal values were incorporated in the beginning and continue to be the fundamental beliefs compromising the company s culture. By creating and implementing a culture of service, respect, and loyalty, the Lincoln Electric Company has become an institutional leader in American business standards. Lincoln s culture cannotRead MoreThe Theory Of The Lincoln Electric Company Harvard Case Study1165 Words   |  5 Pagesfour functions serves as a general guiding rule for every organization or company towards the attainment of desirable leadership style. Executives’ drive the company pursuant to its mission statement, employees should have mutual respect to one another, and the company should offer an acceptable compensation. Thereby working as one community for a crystal clear vision. Having read the Lincoln Electric Company Harvard Case Study by Arthur Sharplin, I would like to contextualize my evaluati on into differentRead MoreCase Analysis : Lincoln Electric Company Harvard Case Study Essay973 Words   |  4 PagesAssignment Unit 3 Case Analysis of The Lincoln Electric Company Harvard Case Study In this case analysis I will be analyzing and summarizing my understanding of the organizational culture of the Lincoln Electric Company, based on key pointers and a Harvard Case Study by Arthur Sharplin. In my analysis I will be using the framework from chapter eight of the textbook â€Å"Principles of Management† by Carpenter, Bauer and Erdogan to discern aspects of the company’s culture. The company is said to have aRead MoreEssay Case Study of Lincoln Electric Company875 Words   |  4 Pagesï » ¿ Integrative Case: The Lincoln Electric Company Tony Slattery Everest University Abstract â€Å"We are a global manufacturer and the market leader of the highest quality welding, cutting and joining products. Our enduring passion for the development and application of our technologies allows us to create complete solutions that make our customers more productive and successful. We will distinguish ourselves through an unwavering commitment to our employees and a relentlessRead MoreCase Study887 Words   |  4 PagesCHAPTER I INTRODUCTION 1.1 Reasons choose the case 1.2 The Problems The problems of this case are: 1. How would you characterize Lincoln Electric’s strategy? In this context, what is the nature of Lincoln’s business and upon what bases does this company compete? 2. What are the most important elements of Lincoln’s overall approach to organization and control that help explain why this company is so successful? How well do Lincoln’s organization and control mechanismsRead MoreAnalysis On The Lincoln Electric Company Essay948 Words   |  4 PagesANALYSIS ON THE LINCOLN ELECTRIC COMPANY INTRODUCTION The general outlook of The Lincoln Electric Company shows that it was a successful company regardless of the death of James F. Lincoln in 1965. The many college management texts refer to the Lincoln plan as a model of achieving high worker productivity. SUBJECTING THE LINCOLN ELECTRIC COMPANY TO THE ORGANISATIONAL CULTURE ANALYSIS Organizational Culture according to the text book refers to a system of shared assumptions, values, and beliefs that