Lincoln Electric Company 's Unique Organizational Culture Essay
Lincoln is a customer oriented company. They strive for customer satisfaction above everything, including the interest of the stockholders. They are aware that if the company draws customers, stockholders will naturally follow. Lincoln believes in delivering to its customers quality products that are superior to its competitors at a lower price. They manage to accomplish this while maintaining ethical practices and utilizing a variety of strategies that increase the company’s overall productivity.
Lincoln understands that in order to have a productive company, they must have motivated employees, and they have implemented many plans which do just that. Early on, the company reduced workers’ hours, and they are union tolerant. Lincoln’s employees receive medical and life insurance benefits, a bonus plan of up to 25% their annual income, on-site welding education, reduced cost lunches in the company cafeteria and company shares. In addition, Lincoln’s employees have job stability in the form of tenure after the first year of employment, which secures their jobs except in cases of behavioral transgression.
Bi-annual evalutations determine the pay for employees, which on average is double what their competitors pay, and employees with exceptional reviews are…