The Legacy Of The Lincoln Electric Company

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The Lincoln Electric Company is a company with a very strong culture that dates back to when it was first started in 1895 by John C. Lincoln. When their doors opened, all John had was $200 and some really big dreams. The company stayed relatively small for a little over a decade, until 1906, when John moved the company to a much larger building that was located in East Cleveland. He also hired some more employees, rounding out their employee count to 30. The Lincoln Company is one that many other companies strive to be like. It is also a company that many people in the surrounding areas would love to work for. This is mostly due to the way the company is run and the culture that has been around since the beginning. The original founder of…show more content…
He believed that the stakeholders where the lowest on the priority list, which is a unique idea that most companies these days do not agree with. Another one of James’ beliefs was in the Golden Rule, he thought that this was “the complete answer to all problems that can arise between people” (Grant, 1996, p. 316). He was a Christian man, although he did not force it upon anyone who worked for The Lincoln Electric Company. When James died in 1965 many of the employees who were working for The Lincoln Electric Company at the time feared the worst. They were afraid that without him around that the culture of the company would change and that they would lose many of the things that made working for the company do enjoyable. Fortunately, the man who succeeded James, who was William Irrgang, decided that, when it came to the culture of the company and the things that made their employees happy, he would keep them the same. This was also true when William Irrgang died and the company changed hands yet again when George E. Willis took over. James implemented the incentive management plan during the company’s earlier years. “It focuses on six themes that are interwoven throughout the company 's history: people as assets, Christian ethics, principles, simplicity, competition, and customer satisfaction” (Grant, 1996, p. 316). There were four main pieces of this plan. One of the most amazing part of this plan was the idea of job security. This means that any
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