written assignment 4

According to the case study, the core belief of the company remained unchanged since its inception. James Lincoln, the co-founder of the Lincoln electric company is pivotal figure in the history of the company and was responsible for giving shape the mission of the company and some other welfare programs aimed at employees of the company. His philosophy stems from his Christian teaching point of view. It can be inferred from the company’s philosophy; Lincoln considers priority of the customer needs, and the price of products should reflect the quality, and finally, rewarding the ability used in producing the product. The bonus program for employees of the company was also the legacy of its founders.

The golden rule of the company is “customers first”. The company states that the reason for the existence of company is the customer himself. Accordingly, the money used to expand the company is rooted from the customer’s needs. Therefore, in order to satisfy the customer the company put a goal “to build a better and better product at a lower and lower price”.

Lincoln electric company is been very generous toward its employees. It is a company you can dared to say with ‘People-Oriented Culture’. People-Oriented Culture “value fairness, supportiveness, and respecting individual rights.”[1] As per the account, the company pays its employees much higher than other companies in surrounding of Cleveland pays to their workers. In addition, the company does not discharge an employee who counted his one year job in there, unless committed misconduct, and guarantee its employee at least 30 hours of work each week. And indeed, employers are allowed to have a stock shares in the company. This ownership of stock is considered as an incentive.

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...ging environment for the employees to stick to their works. As the writer witnessed, “As to executive perquisites, there are none – crowded, austere offices, no executive washrooms or lunchrooms and no reserved parking spaces. Even the company president pays for his own meals and eats in the cafeteria.”

[1] Carpenter, M., Taylor, B., Erdogan, B. (2009). Principles of Management. Nyack, NY: Flat World Knowledge, p.188

[2] Carpenter, M., Taylor, B., Erdogan, B. (2009). Principles of Management. Nyack, NY: Flat World Knowledge, p.188

[3] Carpenter, M., Taylor, B., Erdogan, B. (2009). Principles of Management. Nyack, NY: Flat World Knowledge, p.188

Works Cited

Carpenter, M., Taylor, B., Erdogan, B. (2009). Principles of Management. Nyack, NY: Flat World Knowledge

Arthur Sharplin, (1989). Lincoln Electric Company Harvard Case Study, McNeese State University.