The written assignment of this week is going to focus on a very well known and well organized company. The Lincoln Electronic Company is the world largest manufacturer welding machine and electrodes. Since it has been created by the Lincoln family, the company has known enormous success, in this essay I going to look at some critical elements contributed that company’s success; such as: The continuing influence of the founders of the company. The incentive management plan. The performance appraisal system. The way people communicate in the company.
Lincoln Electric Company 3
Write a three page case analysis that summarizes your understanding of the culture of the Lincoln Electric Company.
Being successful in life has ever been an easy thing, let say it is not a piece of cake. All of the successful people have inclined themselves to some rigid principles. Those principles require that you spent nights without sleeping while the others are sleeping. It requires you working longer than the others. In one word, in order for you to be successful, you must accept to sacrifice yourself. Those principles are valuable not only for men and women, but also for the company. Organizations are characterized by principles, rules norms. Once these items are neglected, the organization is subject to fail (bankruptcy). Conversely, what makes Lincoln Electric Company so prosperous? What makes it different in the industry it operates in? What makes it the company the world's largest manufacturer of welding machines and electrodes? I am pretty sure after a careful lecture of this essay you will be able to answer these questions and apply those rules into your own personal life. So don’t worry if you are not able to provide an appropriate response yet.
The readings of this week centered on some pertinent elements that would allow the business to work smoothly. One of among a lot of critical components is the called Organizational Culture. What is the organizational culture then? According to the text book published flat knowledge, (pp. 192), “Organizational culture refers to a system of shared assumptions, values, and beliefs that show people what is appropriate and inappropriate behavior.” (pp. 192). That definition leads me to think that an organization running without having the organizational culture will sooner or later fail. Because, that is the culture that tells people what to do and what not to do; without it, everybody will work according to their minds and do what sound right for them.
Lincoln Electric Company 4
Though, in reading the Lincoln Electric Company Harvard Case Study by Arthur Sharplin, add up to what I learned from chapter eight this week, I can realize the that the organizational culture is the cornerstone for the growth of any organization. The success of Lincoln Electric Company is due to the environment that is previously established by the Lincoln’s family. If we look at in the introductory of the Harvard case study, Arthur Sharplin...