Essay Case Study of Lincoln Electric Company

875 Words Nov 14th, 2013 4 Pages
Integrative Case: The Lincoln Electric Company
Tony Slattery
Everest University

Abstract
“We are a global manufacturer and the market leader of the highest quality welding, cutting and joining products. Our enduring passion for the development and application of our technologies allows us to create complete solutions that make our customers more productive and successful. We will distinguish ourselves through an unwavering commitment to our employees and a relentless drive to maximize shareholder value” (http://www.lincolnelectric.com/en-us/company/Pages/vision-statement.aspx). This is the vision of James Lincoln, founder of Lincoln Electric Company. I will look at this vision and apply it towards the
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572).
Finally, the last stakeholders in the Lincoln Electric Company are the stockholders. James Lincoln regulated them to secondary status. However, the stockholders of Lincoln Electric have done well over the years.
Integration and Application. P. 67
a. Describe the relevance of the environmental forces for Lincoln Electric’s approach to managing human resources.
Economic globalization.
Nobody cannot stop globalization. Lincoln Electric realized this concept. They used the same philosophy here as they do on foreign land. Lincoln Electric found out how customs and laws affected them as far as business. The worldwide business environment remains to be a main developmental prospect for Lincoln Electric as far as global manufacture and trades from the United States (Jackson et al., 2011).
The country culture of the United States.
Lincoln Electric has been on top in relating to the country’s culture of the United States. James Lincoln realized that treating people fair and realized their needs will sustain the company for the long haul. For an example, in 2008 when the United States was in recession, many major corporations laid of its employees. The feeling of discontent was high in the United States. However, Lincoln Electric did not lay off one person. Instead, the company lower their hours until the recession is over. Not only this method saved the employees’ jobs and it also sustain their morals and spirits.
The