Lincoln Electric Company Organizational Culture While reading the Harvard Case Study on the Lincoln Electric Company, I am strongly reminded of an organization that I worked for as a young man called Home Depot. Each morning the Store Manager would gather all of the staff in front of the store and the manager would start off clapping his hands and shortly thereafter, each employee would also start clapping their hands in unison. The Manager would then ask if anyone had any concerns or suggestions and then he would discuss the previous week’s performance as well as the objectives for the days to come. I was so enthralled by the store managers likeability as well as his seemingly innate ability to get everyone to be productive and efficient that I made it …show more content…
When a company understands this highly regarded yet obvious “secret ingredient” they will then increase revenue exponentially. Take for example Lincoln Electrics view on how it serves its clients both internal and external, as well as ”the importance that it assigns the groups it serves” which is, customers, employees, and stockholders in that particular order. Let us pause here for a moment and give this idea thought. After all we all know that this is not the typical order of importance with regard to how a corporation serves its groups. So why then, are the stockholders at Lincoln Electric relegated to the last in order of importance and the employees first? According to the Lincoln Electric Harvard Case Study by Arthur Sharplin, This is a continuation of James Lincoln's philosophy: "The last group to be considered is the stockholders who own stock because they think it will be more profitable than investing money in any other way." Sharplin, A. (n.d.). Lincoln Electric Company Harvard Case Study by Arthur
According to the article “What is Organizational Communication”, there are multiple factors that create this culture. The way both customers and employees are treated because that shows if the employer values them, the written rules and norms as those are the guidelines to running the store, the dominant values and the feeling/climate that is conveyed by physical arrangements or personal interactions as that sets up the atmosphere of the store. Lastly, the freedoms employees are given also affects the culture, and a
When an organization is struggling to sell a product, the organization should reposition it so that it is a deal that
Jack Welch created wealth while managing GE, in the 1980s he started to notice the necessities of the company. I do not believe this job could have been done any better, Mr. Welch noticed that competition was on the rise as well as outsourcing. The wages in America started to rise and he predicted that GE would not be able to keep growing and continue making profit how he envisioned it would so he started to implement his plan. He started buying well developed business and sold off the parts of those business that would not make huge profit or were not number one or two in their specific market. 2.)
The Olympics have been around for centuries, and can teach one many lessons like the one found in “The Olympic Contradiction” by David Brooks. In his passage, Brooks talks about all the aspects of the Olympic Games. He first explains how the athletes and people from all over come together and cooperate to create the most amazing celebration possible. This friendship exemplified makes them seem inseparable; however, the cooperation is short lived because the rivalry and competition begin shortly after. The competitors are no longer friends, and are not smiling in one another's presence.
Organizational culture is the foundation for organizations to strive and maintain success. Its structure of standards, include planning of human resources, management, health and safety, and the like. Organizations depend on these tactics to gain revenue, marketing strategies, and satisfaction of employees, and build relationships. Management should also be involved to create positive work environments, demonstrate great attitudes, and effective communication to its employees. The organizational culture at Walgreens is based on a variety of components within the organization.
The problem is, in Dynacorp, not only the amount of employees had significantly increased but the product scope had expanded as well. With thousands of employees working together under the same environment and several product lines on the market, at this point, with three divisions working toward different goals based on its own specific fields, Dynacorp had actually developed a boundary among the divisions. And this separation was deepened as the company expanded bigger. “Dynacorp’s current organization had serious shortcomings” (page1). The lack of integration between divisions is a result from the fact that the organizational structure did not meet the company’s expectation.
When employees see they are valuable to the company and they are secure it gives them confidence and in return they give their loyalty to the
Nordstrom: Dissension in the Ranks (A) 1. What is the cause of the problems described in the case? How serious are these problems? Nordstrom’s labor practices came under scrutiny after several employee grievances, union allegations and court suits claimed that Nordstrom was not paying the employees for the full amount of time that they were working at the company. Sales Per Hour (SPH) was at the core of these problems.
Abstract Chipotle Mexican Grill is a well-known company that deals with fast food and has made significant and distinctive progress compared to other companies in the fast food industry. The company not only prepares food in front of customers but also makes sure that food is made with integrity. The integrity is enhanced by finding, evaluating, and choosing the right ingredients, which are from animals, farmers, and the environment (chipotle.com). These are the principles that serve to direct and guide the organization and help position it as a leader in the industry.
The Importance of a Company’s Culture The culture of a company is one of the most important and sometimes overlooked factors in an organization. The culture can increase employee engagement and increase productivity which will allow a company to reach its goals, “From productivity and engagement in the organization’s day-to-day, to an employer brand that naturally fuels recruiting efforts, to creating a lasting brand that customers immediately recognize, there’s no escaping it – culture radiates outward into the marketplace” (Straz 2015). The culture can have a great impact on the employees. Employees thrive in a positive working environment and the ability to engage with their managers without fear of retaliation.
An Analysis of Lincoln Electric Company’s Culture through Assessment of its Case Study After thorough investigation of the Lincoln Electric Company’s (LEC) Harvard Case Study, certain understanding and reflections may be made about the company’s culture from a multi-faceted perspectives such as the visual aspects of culture and its maintenance dynamics as observed in the textbook’s Chapter 8. ( Carpenter, Taylor, & Erdogan, 2009) Continuing Influence of Founders at Lincoln Electric It is easily evident from the case study that the diverse aspects of LEC’s operations --- from investors, employees, and customers to how the senior management conducts and approaches its business --- all reflect the philosophy, vision, and ideals of its founders:
Obtain internal and external stakeholders’ commitment to the strategy and its implications Stakeholders are people who are invested in a company (time, money, employees). Internal stakeholders are directly connected to the company, like employees, owners and investors (Boundless, 2015). Employees: who have to be totally implicate in the company’s strategy, in the Ritz-Carlton this employee’s commitment start before to be selected for a job, the managers are looking for individuals with customer service talent and not skills. Since they are in contact with the guests, they are the image of the company, it highlight the importance of hiring a good team which will be in accordance with the company’s standards. Their goals are to make the budget objectives and to keep their post.
While watching The Wolf of Wall Street, the film provocatively raised various questions about the nature of organizational life and management styles and thus provided an opportunity to analyze different organizational behavioral concepts. The topics related to organizational behavior that I discovered by watching The Wolf of Wall street include organizational culture, need for power, leadership, extrinsic rewards, Diversity, and informal group. Organizational culture defines a jointly shared values and behaviors that contribute to the social and psychological environment of an organization. In The Wolf of Wall Street, Jordan Belfort, the narrator and the central character, described the culture of his company, Stratton Oakmont, to be very straight-laced and buttoned-down. Jordan Belfort’s memoir about his rise and fall at the Wall Street was driven by his lifestyle, drugs, sex, and high