Summary of a case study about Lincoln Electric Company HISTORICAL SKETCH The opening of the case study, begins with historical background of the company, which itself is an impressive story. It is referring to the major elements involved in a business culture which are the sings of existence of a culture, also explaining about the process of how the culture was created. The story of James Lincoln itself is inspiring for stakeholders at different levels. This could be a great source of motivation specially for those whom are thinking of being part of the company in future which helps maintaining the culture by providing attraction and to some extend attrition of the employees. By reading between the lines, we can find the founder’s value
The main objectives of the study were to find out the concepts and types of leadership behaviours and investigate the impact of leadership behavior on organizational performance in the case company D&R Cambric Communication. The research also described the performance of the organizations in service sector because of the good leadership qualities. The leadership theories and different behaviours of leadership were discussed in the beginning of the research. Both the qualitative and quantitative research method was used in the study. The Survey questionnaire was sent to the employees and interview with the CEO of D&R Cambric Communication was conducted for the research.
The policies regarding its employees in aspects such as: annual incentive bonuses, stock option schemes (making employees the owners), medical and post retirement plans, the piecework pay system, the collaborative employee- supervisor relationship, the open door policy, the job security; these policy aspects regarding the personalized care of the employees may be considered to be one of the biggest competitive edge and core competency of LEC which has produced extremely committed workforce who would go to any achievable limits to fulfill the firm’s objectives. This was clearly evident from the employees’ interviews where they described how they go to extra mile within LEC and how other companies in the industry might not command the same dedication and commitment. The principles guiding the policy of reducing the cost of procured inventory and its operational emphasis for minimized wastage reflects how LEC is a conscious establishment which does its best to reduce the burden of prices from its customers while at the same time being able to maintain the highest standards of quality
This model is also one of the powerful models to characterize the stages of personal variation involved in maximum organizational changes. It helps to understand how the employees will respond or behave to the change, provide cooperation for their own individual transitions and determine that they have the help and support they need. • Planning Change During the early periods, change management conveyed with it the intention of being the intangible activities embraced by the Human Resources department. However, over the last decade, change management has emerged as a structured regulation that business experts are seeing as a 'must have ' and not just a 'nice to have ' when major projects or initiatives originated. ADKAR Model The organizational change management begins with understanding how to oversee change at an individual level.
This acquisition was a part of DB 's strategy to become a global player. The case talks about pre and post acquisition period and the structural and cultural reforms that were imperative for a smooth transition and for the motivating the employees about the viability of
Theories and researchers are going rapidly in management field, especially organizational culture which becomes an important part of management and I will never forget the core of management which is total quality management. All companies try to apply Quality management on their strategies to improve their performance. This case study aims to show the relationship between total quality management practices and organizational culture and also show the reasons of recognizing the specific cultures that verify the successful accomplishment of total quality management practices. Based on some literature review, suppose hypotheses and developing a questionnaire which used for implement reliability. This applies the experimental data from 194 organizations
As stated by Gupta, R.K. 2013, an organization core competencies plays a pivotal role and gives a competitive edge to the organization in the form of transforming operating skills within the industry. Moreover the attainment of these skills is not overnight but is developed and natured over precious years of practice and specialization in a particular arena. Prahalad and Hamel (1990, pp 79-91) are also of the similar view and stated that the eminent success stems from an MNE and most firms must make a strategy move attaining core competencies. According to their viewpoint, core competencies can be listed under these forms “shared education, communication, balancing various streams of technology and organizing value-creation skills across departmental boundaries”. Owing to such core competencies ‘core products ‘ are shaped into ‘end products’ Application: Taking a look at Ikea’s effort to build core competency As mentioned in the case a gradual development saw IKEA formula shaping into global success.
CHAPTER TWO LITERATURE REVIEW 2.0 INTRODUCTION The review of literature, the researcher will demonstrate ‘the impact of leadership on organizational performance’, In the first section, the researcher explains in depth the leadership with precise and detailed consideration on the previous studies about concept and definition of leadership and its dimensions(‘ transformational, transactional and laissez-faire leadership’), Concept and definition of organizational performance and also will explain link between leadership and organizational performance, in the last section will be the summary and conclusion of the chapter. 2.1 CONCEPT AND DEFFINITION LEADERSHSHIP Leadership is identified as an important subject in the field of organizational behavior. Leadership has the most energetic properties during individual and organizational collaboration. In other words, capacity of management to implement ‘’collaborated efforts” depends on leadership ability. (Chuang, 2009), describe that the brilliant leader not only motivates subordinates potential to improve productivity but also encounters their desires in the method of achieving organizational aims.
It has a large number of corporate customers, who are locked in to Satyam in the short run, but who will each be looking for an alternative: they cannot afford to rely on a firm that may not survive. The only exit strategy here is probably a buyout, which will allow a complete replacement of Satyam’s discredited senior
The CEO of the company with the power of the position and person pass the company a different philosophy and mentality and manage to lead the company to better paths through new development strategies by setting up more departments and setting new goal inside and outside of the company by giving rewards and many other things. The final category is the international which is developing. This means that firms adjust to continuing world-wide convergence or will universal