Further this gives them a feeling that politics are not involved in the organization and people get what they deserve. Further the president stresses on the absence of any executive dining room. Management and workers sit together and eat. This promotes a sense of equality where everyone feels as if they are part of the same team. Moreover for any organization to keep the workers motivated is highly important. High motivation would increase the level of productivity. Lincoln Electric's Advisory Board meetings include the workers who can then share any problems they might be facing or other issues of concern. They have a right to question company policies and also take part in suggesting ideas and opinions on how to solve the problem. This type of democratic leadership exhibited by the management of Lincoln Electric causes high motivation levels in the employees...
When employees all get a say in the decision making process, and they know that there is no politics involved in the organization, they want to share more better ideas each time. When they know that they can question the company's policies, they would naturally feel that the company would not devise policies which are irrational from the employee point-of-view. Even if they do the employees know that they can question them and demand and explanation. This keeps the organization's policy making clean and for the betterment of the organization as a whole. High motivation level means high productivity and Lincoln Electric ensures high productivity by keeping high motivation levels. This format can be applied to any workplace and would guarantee a high production level.
In response, the employees have largely been focused on achieving the same results that managers want to achieve, knowing that they will be rewarded if they succeed. The result is a longstanding culture of excellence and one of cooperation between management and the workers. These human resources practices compare favorably with others in the industry, and seem to form a competitive advantage for Lincoln. The policies create a positive work
The economic realities of globalization goes beyond just the affects of direct competition for Lincoln. Globalization has significantly affected Lincoln's customers as well increasing their need to continuously improve competitiveness. For this reason, even small improvements on cost efficiency or quality can equate to big profits for customers. In fact, Lincoln's mission is centered on providing the most innovative, cost-effective, quality welding and cutting solutions to their company ("Corporate").Lincoln has
This is almost impossible because different occasions call for different levels of activity and seriousness. In the same way, different nations, and continents for that matter, have different values, cultures, and needs. What seems right in the U.S. may be offending in a European or Asian context. In order to thrive in international markets, a company has to mould its structures and operations in such a way that they
Strategic Management Lincoln Electric Expansion to India The purpose of this assignment is to evaluate whether Lincoln Electric should expand its operations to India or not. In this assignment, firstly the facts are presented. Secondly, an analysis is presented about the Lincoln Electric's business strategies and its suitability to operate in India. Lastly, some recommendations are given which can help Lincoln Electric to expand in India successfully. Facts Lincoln Electric (LE) is a U.S.-based
Soviet Union brought the missiles into Cuba to rile up the American military establishment precisely so that U.S. nuclear missile installations in Turkey and Italy could be brought on the table. Secondly as an ally, Soviet Union was concerned about the fate of Cuba which held a lot of promise for the Communist experiment internationally. The American leadership understood that what they faced in Cuba was a catch 22 situation.
This requires talented employees and excellent management of them. At this time, judging from the mission statement and case study, it looks like Lincoln is more focused on its global presence and product innovation as well as diversification. These three elements work well together and bring the company into the 21st century. By employing new technologies not only to product development but also to communications, allows the company to
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