Swot Analysis Of Lincoln Electric

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Lincoln Electric is the global market leader of the highest quality welding, cutting, and joining product. As stated in their Vision statement found on Lincoln Electric’s website. Lincoln Electric was founded by brothers James and John Lincoln. Starting out with an initial investment of only $200 and an innovative idea, Lincoln Electric is proud in saying that have been around for well over a century and still thrive as being the best in the business. That is because of the values Lincoln Electric was founded on in the 1800’s that have been carried on and continuously applied in their company today. This superb welding company thinks of their customers first. In fact, they put the needs and satisfactions of their customers before their shareholders. …show more content…

When comparing the information found about Lincoln to the descriptions of organizational structures in Chapter 8 of our textbook, I’ve concluded Lincoln Electric has an innovative organizational structure. An innovative organizational structure is characterized by being flexible, adaptable, and open to experimenting with new ideas. Every aspect of their company can fit up under this organizational structure. Their lax in use of a formal hierarchy structure and excessive titles contribute to this reasoning. The emphasis they put on developing new ideas and using updated technologies also support this organizational structure.
This company was built on an innovative idea, and they have sense lead the market by continuing to produce more innovative ideas including the way they manage their company and value their employees. Their products and services also continue to stand out because of their high quality and low costs. This innovative organizational structure has allowed for Lincoln Electric to become a very successful company and organization world-wide. Even after the passing of their founder, the integrity and principles of their organization continued. This represents a great metaphor of how the head leads the body. With great leadership, comes great teamwork. And everyone knows, Teamwork makes the dream work. And success is then

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