Lincoln Electric Company's Culture Analysis

1106 Words3 Pages
bulb-icon

Recommended: Lincoln Electric Company culture

BUS 1101 WRITTEN ASSIGN UNIT 3.
Every business organization has a culture that determine its existence. Without culture, an organization will exist with little or no impact in the business world. Interestingly, culture is the strength that keep an organization, and its management together and culture sustains the relevance of organization. Understandably, leader that has a strong culture influences the organization, and such organization will eventually maintain strong leadership culture going forward; that is why in my summary analysis, it is imperative to look at Lincoln Company founder’s culture, the golden rule, the incentives, the performance appraisal system, the communication in the company, the merit pay plan, the bonus plan, and the management style.
CONTINUED INFLUENCE OF THE FOUNDERS ON THE COMPANY;
John C. Lincoln founded the “LINCOLN …show more content…

It could also be said that Lincoln adopts a “people oriented culture” because of the fairness, support and respecting individual rights. Finally, the Lincoln Electric Company is very innovative in nature, so one can readily say that the company adopts an innovative management style. However, when it comes to decision making in Lincoln Electric Company, formal authority is very strong. The decision system is authoritarian in nature, as complete power rest on top management to carry along the success of the company. In Lincoln Electric Company, “management is the coach who must be obeyed” is the ethics and it is respected and carried out to the letter. The assumption is that every departmental head should have authority so that the work will progress unhindered. So in summarizing the culture of Lincoln Electric Company, it is obvious that a combination dimension which includes, innovative, people oriented, outcome oriented, team oriented and stable culture was highly in

Show More
Related

  • Business Analysis: Chick Fil A

    2103 Words  | 5 Pages

    Each organization big or small has its own values, ways of doing things and assumption that it operates in. The principles and ethics that exist in each of these companies are the baseline through which the company operates its affairs. This is what can be called as that organization’s culture. The culture in existence has an impact on the productivity, effectiveness and efficiency (Keyton, 2011). The basis of setting the most appropriate culture of a company is not only to move or increase the profitability but also to make the stakeholders happy and satisfied. One aspect of that is the employee or the human resource the firm who put their expertise in the firm and add a bit of creativity and innovativeness to move the products. Chick-Fil-A operates in a competitive industry thus it requires all the stakeholders.

    Read More

  • Target's Company Culture Essay

    610 Words  | 2 Pages

    I thoroughly enjoyed the in-class presentation by Kaitlyn from the Hannover. What I liked most about the presentation was the fact that she was able to give us insight into the company culture. While hearing about Hannover’s company culture, I thought back to my internship this summer and was able to apply what I learned about company culture to Target.

    Read More

  • How Did James Lincoln's Ethic And Culture Of The Lincoln Electric Company?

    950 Words  | 2 Pages

    In 1895, James F. Lincoln started the Lincoln Electric Company with only $200 and a patent to an electric motor he had developed. Over the years, the company began to grow slowly and surely, even through the Great Depression of the 1930 's. Now, the company has several factories in the United States and overseas, employing thousands of people. Uniquely, even in a company with many workers and personnel, the level of employee satisfaction is high. Why was this company able to thrive and is still active during economic hardship, a factory fire, and changing times? It is due in large part to the business ethic and culture of the Lincoln Electric Company. We will discuss how James Lincoln 's beliefs influenced the way his company was run, and why

    Read More

  • Lincoln Electric Company Culture Analysis

    735 Words  | 2 Pages

    Lincoln Electric Company’s philosophy is for sure one of the best ways to managing a business. In my reading, specifically the chapter 8 assigned, I could compare some of the main qualities pertinent to business in general, applied at Lincoln Electric Company.

    Read More

  • Flight Centre's Culture And Organizational Culture

    1302 Words  | 3 Pages

    Organizational cultural is the system of shared beliefs and values that develops within an organization and guides the behavior of its members, while organizational structure is an expression of social and economic principles of hierarchy and specialization (Kinicki, 2015). Both the culture and the structure of an organization are important things for management to understand in order to successfully set and achieve an organization’s goals. Companies who excel in highly competitive fields can attribute their successful economic performance to a cohesive corporate culture that increases competiveness and profitability. This culture is best utilized in an organization that has the necessary structure to allow its employees to coordinate their

    Read More

  • Case Study: General Electric

    1000 Words  | 2 Pages

    Lincoln was able to grow and prosper through the process of human motivation which is called incentive management. James F. Lincoln, who founded Lincoln Electric summed up in his monograph that employees have no desire to develop their skills in the workplace unless paid properly (Lincoln, 2016). He then talks about how incentives create cooperation, for if employees are not recognized, they will not cooperate with productivity (Lincoln, 2016). The incentive system included compensation and benefits e.g. bonus systems, piece rate pays

    Read More

  • The Pros And Cons Of The Lincoln Electric Company

    826 Words  | 2 Pages

    Upper management collaborates with the employees represented by the Advisory Board and the have an open door policy which allows employees access to anyone who is capable for providing them with the necessary assistance or information if needed. The employees share the company’s vision and values. This is reflected in the low turnover rate and the minimal supervision that is needed while maintaining high productivity and efficiency. The job security that Lincoln offers can be attributed to high job satisfaction as there are not many companies where you are guaranteed a job or adequate hours. Because of this Lincoln’s organizational culture is strong. A strong culture is difficult to change however there is no need to change Lincoln’s culture as it has been working for over 100 years successfully and shows no indication of failing. The culture is heavily influenced by the values of the founders who implemented many of the policies and procedures which are in place today. This is part of the reason why the company has flourished through the years. The groundwork was laid by the early values of the founders and they have been improved upon in the years since. This is part of the maintenance of the

    Read More

  • Lincoln Electric Company: Harvard Case Study

    1029 Words  | 3 Pages

    As we learn from the case study, the Lincoln Electric Company is the largest global manufacturer of machines for welding, which are used in all kinds of construction projects. This means that the company has a large global presence and many employees, so its culture affects thousands of its workers. Even though it is now 2014, the company still has a large market share and very satisfied employees, so clearly the culture leaves employees satisfied and motivates them to work hard for the company.

    Read More

  • Chrysler Organizational Culture Analysis

    621 Words  | 2 Pages

    The organizational culture of the automotive industry is one that underwent a drastic decline between 2008 and 2009 (Goolsbee & Krueger 2015). However, within a few years the Chrysler organization made enhancing adjustments for the better. The catalyst for the transformation from negative to positive within Chrysler organization was Sergio Marchionne, who took radical measures to realign the organizational culture (Kreitner & Kinicki 2013). Through carefully adjusting the espoused value of the company and guaranteeing that they matched the enacted values he was able to generate a high Person-environment fit (PE fit) that guided the company out of bankruptcy. By using attentive deliberation of the Chrysler culture we can learn about the

    Read More

  • Lincoln Electric Company Case Study

    1077 Words  | 3 Pages

    Lincoln Electric Company is a great example of how a successful organization creates successful employee satisfaction. Company founders are the key stakeholders in making the organizational culture a success. They are the leaders with the vision of how they want to promote their company and they have to present the values to their employees so that the employees also do understand that the success of an organization is a success for themselves. It was not an easy task for Lincoln Electric Company to plant the foundation of organizational culture. There were many obstacles that Lincoln Electric Company had to overcome to succeed. Lincoln Electric Company strongly believed that the customer satisfaction should be their main goal. The value on the return of the happy customer was significant that it directly impacts the success of the business. Lincoln Electric Company was very much coined on the term of customer satisfaction and they strive their best to provide the

    Read More

  • Leadership and Organizational Culture

    1813 Words  | 4 Pages

    ...l man who enables others to think and do in his way (role model) and his employees work him for unconditional loyalty (e.g. his PA), also, adopt a fair system of rewards and punishments; however, as a leader sometimes he just needs some transformational styles which respect and communicate with followers equally rather than forced them to shut up rudely. As for organizational culture, the article obtains further understanding that some factors attribute to detect cultures existed in an organisation, communication system, for example. As a result, it can be identified that his culture not only can be classified as power but task. Moreover, due to the changeable outside environment, compounded and flexible cultures seems to be a better way for an organisation’s sustainable development. Therefore, leadership is tightly related to organizational culture.

    Read More

  • Theory Of Organizational Culture

    739 Words  | 2 Pages

    The concept of organizational culture is one of the most debated topics for researchers and theorists. There is no one accepted definition of culture. People even said that it is hard to define culture and even more change it. It is considered a complex part of an organization although many have believed that culture influences employee behavior and organizational effectiveness (Kilmann, Saxton, & Serpa 1985; Marcoulides & Heck, 1993; Schein, 1985a, 1990).

    Read More

  • Essay On American Business Culture

    310 Words  | 1 Pages

    But first, it is important to mention an aspect of the U.S. culture so that we can better understand the business culture. Many of us have heard about the American Dream, which basically entitles to reach financial prosperity through hard work. And the effects of this belief correspond to long hours of hard work and overtime as well as following the chain of command in management. And the American business culture seems to be completely constituted by this principle.

    Read More

  • Essay On Organisational Culture

    1246 Words  | 3 Pages

    Organisational culture is one of the most valuable assets of an organization. Many studies states that the culture is one of the key elements that benefits the performance and affects the success of the company (Kerr & Slocum 2005). This can be measured by income of the company, and market share. Also, an appropriate culture within the society can bring advantages to the company which helps to perform with the de...

    Read More

  • Cultural Change Essay

    1149 Words  | 3 Pages

    Shaping a culture is a difficult task, because many of the valuable qualities a leader might have are never taught in a classroom. These qualities can be learned through out a life of experiences. Emotional development, genuineness, and a strong character are all essential qualities if leadership in a culture-driven company is to be effective. This analysis will discuss the relationship between a successful leader and the organization cultural change in today’s business.

    Read More

More about Lincoln Electric Company's Culture Analysis

Open Document