Business Culture Of Lincoln Electric Company

843 Words 4 Pages
BUSINESS CULTURE OF LINCOLN ELETRIC COMPANY
Business culture refers to the style and system of business a company adopts. It determines the operational policy, ethics and etiquettes, how staff handles communication and relationships with one another, and how they deal with clients and customers. Every organization has one, and it is either the reason for their success or cause of their failures. In most occasions, adoption of a particular business culture does solely determine the level of success (although it contributes), because there are many great companies all haven adopted different cultures including those that seem ‘harsh’ to employees, other stakeholders or even customers. Microsoft Corporations® and Best Buy® perhaps fall among the
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Considering that culture is an important facet of the organization phase of the P-O-L-C framework, it affects the organization’s principles and policies which in turn reflect in her output and/or level of service delivery. It in no small way defines an organization and is more than often credited for the successes and achievements experienced by great organizations like the Lincoln Electric Company.
The company is the world’s largest manufacturer of welding machines and electrodes; and has remained relevant in the industrial market, maintaining a twenty to thirty percent market share index. Even during the World War II, Lincoln Electric strived, becoming the largest manufacturer of arc-welding products. It looks that competitors has lost all ideas as to mapping out substantial strategies in cocktailing her growth, considering that her profits are always on the
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The plan covers reduced work hours, good working condition, division of labor, health and retirement plan; and bonuses which amounts approximately the total wages paid annually. This plan is the reason for improved work efficiency, and as Charles G. Herbruck wrote in his prologue to James F. Lincoln 's book about personal innovations, these incentives are not efforts to buy good behavior and conduct, free will offerings or antidotes to labor; rather, they are expressions for each person’s mutual respect for each person’s importance to the job needed to be

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