John C. Lincoln Electric Company

The Lincoln Electric company, under the leadership of James F. Lincoln saw a major shift in the way business was to be directed and operated with visionary mind-set emulating companies like Ford, Wal-Mart, Merck, 3M as focus was towards the customer’s needs and employee’s compensation. Philosophically customer needs become critical as the reason for being in business and the employees also being the vehicle in achieving the needs of the customers as the case study by Sharplin, A (1989, p.3) clearly positions the companies aspirations. James Lincoln places much importance on the relationship with employees that is guided by mutual respect and individual effort.

Lincoln Electric (LE) has been a producer of electrical and welding technology products since the late 1800's. The company remained primarily a family and employee held company until 1995, then approximately 40% of its equity went to the public. James Lincoln, one of the founders, developed unique management techniques that effectively motivated the employees. These management techniques were implemented as an unusual (for the era) structure of compensation and benefits called "incentive management". The incentive management system consisted of four key areas: factory jobs based solely on piecework output; a year-end bonus that could equal or exceeded an individual's regular pay; guaranteed employment; and limited benefits. Management

The Lincoln Electric Employees' Association was formed in 1919 to provide hearth benefits and social activities.This organization continues today and has assumed several addittional functions over the years.

The Lincoln electric company was founded by John C. Lincoln in 1895 and has grown over

Established in 1895 and specialized in producing and selling electric motors, Lincoln Electric Company rapidly developed after the movement to welding equipment and consumable welding products in the USA. By 1995, this company first hit $1 billion in sales and became the world largest company in welding industry. With the differentiate strategy by providing premium -price -products , this company got 60% sales in the North American and expanded internationally since the period of 1986 and 1992. Although this company is facing problems in global expansions, its overall strategy as well as practices in human resources, marketing, technology development, and international expansions is a useful lesson for other businesses.

Headquartered in Cleveland Ohio, Lincoln electric’s business model consists of distributing welding consumables, equipment’s and solutions. Lincoln initially traded electric motor cars and steadily moved on to welding. Lincoln’s vision, led by founder John C. Lincoln is to provide high quality welding, joining and cutting equipment’s globally.

     John C. Lincoln founded Lincoln Electric Company in 1895 with a capital investment of $200. At first he only

With the years going by, Lincoln Electric Company, despite its excellent performance in production, has been growing in a very steady speed, and never really grew to a large scale company.

The Lincoln Electric was founded in 1895, and is the world leader in the design,

Before anyone can truly understand and respect Lincoln Electrics’ culture values (which has one of the finest corporate cultures), we must look at how the company has evolved to become what it is today. In the early 1900s, the company transitioned leadership from John Lincoln, the original founder, to his younger brother, James Lincoln. John turned management and leadership to James Lincoln in order to pursue his ingenuity through inventing for the company. One of the first orders as General Manger was to assemble and advisory group that would report to him. He did so by requesting the employees from various departments to elect a representative to be on the committee that would meet with management – to this day the advisory group meets two times per month.

Elements of Lincoln Electric’s management system that made it so popular in the U.S. such as piece-rate work, bonuses, and

Lincoln Electric is company based out of the east side of Cleveland, OH. Being a Manufacturing company they mainly deal with welding materials and electrodes. The company was started by Lincoln himself back in 1895; with a little inspiration and his second patent on an improved Motor. It has been recognized as one of the most stable and great companies to work over the years by multiple different associations. But what contributes to such success? In this essay I will go going through the aspects of the company and what has added to is growth, development and most importantly, its success.

Lincoln Electric (LE) is a worldwide leader in production of welding equipment with more than US$1 billion in sales and 6,000 workers. John C. Lincoln designed and made an electric motor with a $200 investment in 1895. Today, members of the Lincoln family own more than 60 percent of the stock.

In 1895 John Lincoln resolved to open a business with a second patent for electric motors. He founded this business with a mere 200 dollars. His start up cost was the earnings he received from redesigning a single motor for Herbert Dow. His business launched out of a small one room factory. In 1906 he spread his wings and erected a new 3 story factory. Consequently, he filled those three stories with 30 new employees and the sales shot through the roof.

The company, Lincoln Electric was created way back in the year 1895 by Mr John C. Lincoln, with the production of manufactured goods being its centre activity. For many decades, the firm has been a top leader, in the production of arc-welding goods the world over. By the time World War II come to an end, over fifty producers of arc-welding goods were present in the United States of America, but presently, roughly only six major manufacturers still exit. The Huge majority, that include huge top firms such as General Electric and Westinghouse, pulled out of this from of manufacturing mainly, due to the fact that Lincoln, sold high-value, top-quality products at lower rates that came with outstanding customer service.