The Story Of Lincoln Electric Company
manufacture welding machines and electrodes at the best cost for it 's customer 's with highest
quality worker productivity.
Continuing influence of founders:
Mr. Lincoln began his company with a high level of commitment and passion. He was an innovator
who is seldom mentioned as a contributor to the success of other companies like, Dow Chemical
Company. His level of passion and commitment is prevalent in the story of his earlier years when
tragedies plagued him in personal health and in professional loss. His early struggles illustrate his
dedication, commitment and belief in the company that he was building. His legacy …show more content…
With the founder bringing in his brother to manage the day to day operations.
This step was in line in my opinion of promoting from within because it was a family member. In
many ways the employees were too a family so this move exemplified that core value of not bringing
The Golden Rule was exemplified further with the "Incentive plan" that Lincoln introduced early on.
The incentive plan was his plan as a model for achieving high productivity. It was a vision that he had
from the inception of his company would miraculously remain constant as the driving force for
production even long after his death. The incentive plan helped to reinforce the results oriented
culture by addressing "what 's in it for me" as it relates to "buy in" from his employees and
management team. By allowing his team to realize doubling their salaries by the end of the year, it
proved to be the perfect motivator and gained the company a strong reputation not only with
consumers and competitors but also with the community. The incentive plan kept people satisfied
even though they were working harder than they would at another company. The reputation of …show more content…
This reinforces that production is not just quantity but quality establishing over and over
again taking pride in their work. They are also rated on their ideas and cooperation. This reinforces
the idea of team and the encouragement of everyone to be active participants in making the
company better and stronger. It gives the employees a vested interest in knowing that they
have to be present and have to be engaged on a day to day basis.
Management style has been acknowledged to be authoritarian but with a hands off approach. The
company allows the employees to do their job with little interference and no micro-management.
As mentioned earlier, this type of approach allows confidence to grow and a sense of belonging.
I have been micro-managed in positions in the past. It only breeds insecurity and when there
is insecurity mistakes can be made because people are not confident in making choices and
when a mistake is made, the mistakes might be covered up and not disclosed. The Lincoln
Electric Company 's way of allowing people to understand the expectation, encourage them to have
ideas and reward them every year for their work, creates the perfect