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Lincoln Electric Company Case Study Answers

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Hannah Vieira
Written Assignment Unit 3
Lincoln Electric Company Case Study Analysis Written Assignment Unit 3 - Lincoln Electric Company Case Study Analysis When you think of a talented workforce, superior technology and dedication – one company should come to mind, the Lincoln Electric Company of Ohio. John C. Lincoln (with the help of his brother James F. Lincoln,) founded the company in 1895, with a capital investment of a mere two hundred dollars. (Sharplin) The company started off small but has grown into the world’s largest producers of welding machinery. Lincoln Electric is an outstanding company with an even more impressive history. Prior to their international expansion, Lincoln Electric was able to isolate themselves from competitors be developing …show more content…

(Sharplin) Lincoln Electric has a close and special bond with all people employed with them. Employees not only receive great pay, but also training/education and benefits. Many believe this is what contributes to the exceptional workforce. Jobs at Lincoln Electric plants are highly prized and the employee turnover is low. Not a single employee has been laid off since 1948, and the turnover rate is less than 4% (usually only accounting for retirements). Every year since then, the company has achieved high profits and high employee morale.
Strategies at Lincoln Electric have been developed and implemented always by a strong team of company management. Lincoln Electric has a board of directors that is made up of employees of all statuses. They want all levels of their workforce to feel represented on the board. Members of the board are in a position to veto any strategies and policies they deem unacceptable - as stated in the Lincoln Electric Company Case Study, “An open door policy is practiced throughout the company and personnel are encouraged to take problems to the persons most capable of resolving them”

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