Lincoln Electric Business Model And Employment System

2961 WordsJun 19, 201512 Pages
Table of content Pg Introduction…………………………………………………………. Lincoln electric business model and employment system… Usage of Lincoln 's business model in other industries…….. Lincoln Electric success in foreign markets………………….. Competition Lincoln could face in the future…………………. Conclusion…………………………………………………………... References ………………………………………………………….. 1.INTRODUCTION Lincoln Electric is a company operating with the sales of electric motors which was designed by John C. Lincoln himself, The company started off in 1895 when John C. Lincoln started the firm with an extremely low capital of only 200$. A few years later in 1907, John’s brother James decided to join the company Electric motors as a senior manager after just graduating from Ohio State Policies which has highly benefited the company as he introduced a series of policies under human resource and management which were innovative and new. In 1907 the company started to grow and decided to venture into new markets and diversify their production into Welding equipment as well, this has attained the company major success and in the year 1922 (Lincoln Electric, 2015) production of welding equipment and welding consumables has become the main business done by Lincoln Electric. After almost a century, In the year 1995, the company has managed to hit one billion US Dollars in sales which was the company’s hundred year anniversary.
Open Document