Lincoln Electric Case Study Essay

Lincoln Electric Company has a very distinguished culture, after my readings over the case study it is clear that the strong culture they have prominently reflects their success.

Lincoln Electrics management style in their culture makes it so that every employee has a way to improve the company by making suggestions to management, from there, management will assess the idea and employees are rewarded for suggestions they make. Management also gives their employees more responsibility. The companies management incentive plan allows workers to be paid with what is earned and reflects their work; their earnings must be in accordance with accomplishments and there must be honesty and understanding between workers and management.

Lincoln

He also believed that the customers needs and interests should always come first before the stockholders interests. His goal was always to build a better product at a continually lower price, the customers interest should always be the first goal of the industry.

General Electric also has an open door policy to allow employees to go straight to who they needed to speak with to resolve a problem, which is I think is great instead of telling one manager and them telling another supervisor for the problem to get dragged up and down the totem pole its great to be able to go to a specific person to resolve a problem, which leads to a happier employee and less work tike wasted.

At the end of the case study were interviews conducted with the employees of Lincoln Electric in 1980 and each of them were very happy in their line of work. They all knew they were being paid more than any other industrial plant in the area. All of the employees were able to buy a home, a car, send their kids to college, and have stocks in the company.

Having said all of this the culture of the company greatly improved all of the employee’s lives; in doing so Lincoln Electric has been greatly successful and is a company all other corporations should aspire to be