The Legacy Of The Lincoln Company

President Lincoln accomplished a lot while being president. One of the achievements he's most known for was abolishing slavery. On January 1, 1863 , the president issued the Emancipation Proclamation which started a system that freed slaves in America. This of course was a very big achievement, without him who knows if slavery would be banned today.Banning slavery

1. How was Lincoln able to grow and prosper for so long in such a difficult commodity industry that forced out other giants such as General Electric, Westinghouse, and BOC? What is the source of Lincoln’s outstanding and enduring success?

Besides, managers in Lincoln Electric Company were not high in the sky, they worked and lived with workers in daily life, they had free atmosphere at work and they strengthened the feeling that workers were managing themselves.

Aside from it, this essay will enumerate the golden rules of the company, which I believe the core of its success. This will base on the Case Study of Arthur Sharplin from Harvard University in 1989. In the concluding part, I will describe based on what I learned from this case study about the kind of management style does Lincoln Electric Company

Notably, Lincoln was a leader with strength and influence, which gave him the leverage he needed to establish a clear direction causing others to follow.

All the founders of the company had a great deal of continues influence on the positioning of the company today, form John C. Lincoln to James F. Lincoln. John C. Lincoln started it all and James F. Lincoln, who is the younger brother of John, took over the company to another level. One of James Lincoln 's early actions as head of the firm was to ask the employees to elect representatives to a committee that would advise him on company operations. The Advisory Board has met with the chief executive officer twice monthly since that time. This was only the first of a series of innovative personnel policies that have, over the years, distinguished Lincoln Electric from its contemporaries.

The founders of the Lincoln Electric Company left a legacy of an organization culture that promotes high productivity through sound management policies which have stood the test of time. The exponential growth of the company after the death of James F. Lincoln was a direct result of the establishment of a rich culture mix based on values that were widely shared and accepted by the members of the organization. Management empowered employees to become part of the decision making process through the contribution of ideas through the Advisory Board which was elected by the employees from amongst themselves. Reward management systems and all the other artifacts of the Lincoln Electric’s distinguished strong organizational culture will be analyzed in greater detail in this essay.

Regarded as one of the United States of America greatest heroes, Abraham Lincoln is famous for his unique appeal and incredible impact on the nation. He was the United States 16th president. His story is an astounding one rising from a humble background to become the most powerful man the land. However, at the time when his country needed him most, a tragic and sudden death strikes him. He is assassinated. He left a legacy that endured due to his unique humane personality as a leader of the union and a liberator of the slaves. His insistence of how important the union was and his respect and adherence to democracy were some of his ideals of self-governance that all nations around the world strive to achieve.

The Lincoln Electric Company has been built on clear and solid ethical principles. The reason for its centenarian success can be found in the fact that the ethic culture of respect and customer orientation fostered by its founder has remained unchanged. James F. Lincoln had a strong Christian background that guided his culture and vision. As he wrote, “The Christian ethic should control our acts. If it did control our acts, the savings in cost of distribution would be tremendous. Advertising would be a contact of the expert consultant with the customer, in order to give the customer the best product available when all of the customer 's needs are considered. Competition then would be in improving the quality of products and increasing efficiency in producing and distributing them; not in deception, as is now too customary. Pricing would reflect efficiency of production; it would not be selling a dodge that the customer may well be sorry he accepted. It would be proper for all concerned and rewarding for the ability used in producing the product” (Lincoln J. F., 1961. p. 64). The culture of the Lincoln’s brothers was centered on satisfying the customer’s needs. Their efforts were not devoted to increasing profits rather to a constant search for cheaper and more effective products that would improve customer’s satisfaction. For the Lincolns customers represented the reason for the company’s existence. He made sure that this philosophy permeated the company until the very last

1. According to the usual measures of success, Lincoln has been a successful company. It 's market share is stable and productivity of the company per employee is well over average, more than twice of his contemporaries; claimed by the Founder. Many college management texts refer to the Lincoln Company plan as a model for achieving high worker productivity.

According to the usual measures of success, Lincoln has been a successful company. It 's market share is stable and productivity of the company per employee is well over average, more than twice of his contemporaries; claimed by the Founder. Many college management texts refer to the Lincoln Company plan as a model for achieving high worker productivity.

Lincoln Electric Company was started in 1895 by John C. Lincoln. It was officially incorporated in 1906. Although John Lincoln started the company, he prefered engineering over management. In 1914, James Lincoln, his younger brother, took over the company. John Lincoln is the original founder of the company, but James Lincoln is what made the company into the multinational success story that still is today. During his tenure, he implemented some revolutionary changes to the culture and business structure of the company. According to wikipedia, “Lincoln Electric 's business model was listed as one of the most studied by the Harvard Business School.” ("Lincoln Electric", 2016) The company had so many new ideas that it inspired a book written about the company named Spark by Frank Koller.

"Money alone can be an influence to the miser only. There must be complete honesty

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

Lincoln created the climate of risk-free entrepreneurship to foster innovation. He rewarded people for trying new things and motivated them on failure. This encouraged people to try harder and be persistent.