Power Your Document
Lincoln Electric
Analytical Essay # 116167
Lincoln Electric
An analysis of the management style, culture and internationalization strategies at Lincoln Electric.
3,119 words (approx. 12.5 pages) |
5 sources |
APA | 2009
Paper Summary:
The paper discusses how Lincoln Electric's success was due to its innovative management style, culture and the incentive system, and in particular, the company's founding philosophy based on employee motivation. The paper then deals with Lincoln's internationalization fiasco where the management imposed its domestic management styles and compensation methods on foreign operations, with no success. The paper outlines the resulting international strategy that was pursued in order to improve the international operations. The issues that the company faced in entering the Indonesian market ae also explored and recommendations to resolve those issues are offered.From the Paper:
"Lincoln was able to grow and proper for so long because of the innovative management style and culture and the incentive system. This had a highly positive effect on employee motivation and thus their productivity. As a result, productivity at the company was increasing at twice the rate of benchmark manufacturing companies. The innovative management style and culture was based in erasing hierarchical distinctions and building an approachable management style. This created trust between the employees and the management. As a result, the employees were opposed to the process of unionization and organization-wide cooperation was maximized. Open communication was regarded as essential and everyone in the management from the CEO down worked in direct association with the employees. Because of the effective communications structure, the employees were able to link their work to the strategic focus of the company."Sample of Sources Used:
- Dess, Gregory G., et al. (2007). Strategic Management: Creating Competitive Advantage. McGraw Hill/Irwin.
- Fred, David. (2006). Strategic Management: Concepts and Cases. Prentice Hall.
- Goetsch, David L. and Stanley B. Davis. (2003). Quality Management: Introduction to Total Quality Management for Production, Processing and Services. Wiley.
- Grover, Varun and William J. Kettinger. (2008). Business Process Change: Reengineering Concepts, Methods and Technologies. Prentice Hall.
- Hill, Charles., and Gareth Jones. (2007). Strategic Management Theory: An Integrated Approach. McGraw Hill/Irwin.
More papers on Lincoln Electric:
Cite this paper
APA Citation:
Lincoln Electric (2012, January 15). Retrieved February 13, 2012, from http://www.academon.com/Analytical-Essay-Lincoln-Electric/116167
MLA Citation:
"Lincoln Electric" 15 January 2012. Web. 13 Feb. 2012. <http://www.academon.com/Analytical-Essay-Lincoln-Electric/116167>
Downloadable version: $ 54.95
You will be able to download, read and edit this file once you buy this document
Shopping Cart
| Currency: |
Published by:
Pico
Publisher Since:
Jun 08, 2008 I have an MBA from National University of Singapore and a BBA from University of Dhaka, Bangladesh. In MBA, my major was in operations management. However I covered a wide variety of subjects in marketing, finance and accounting. My paper on the analysis of financial statements was published. I enrolled in National University of Singapore because I was offered a full scholarship from the Asian Development Bank, one of eight such awards given every year. As part of an exchange program, I also spent one quarter in University of Washington, Seattle. There I covered four subjects in marketing, statistics, operations and IT. I have also worked in a variety of professional roles that allowed to me apply my academic learnings to real life.
Explore AcaDemon
Buyer Assistance
Seller Assistance
Share Our Success