The culture of a company determines the probability of its overall success and long-term sustainability. A recent study from Berkeley concluded:
“...firms that focus on and cultivate a culture that members agree about and that specifically focuses on adaptability will grow faster financially than their competitors” (Chatman, 2012).
In order to determine a company 's culture and whether or not it exemplifies Berkeley 's recipe for the most prosperous type of business, one can utilize the Organizational Culture Profile framework and assess that company 's culture based on seven different and specific values (Carpenter, 2010). The following aspects describe the values of this framework: innovative, aggressive, outcome-oriented, stable, people-oriented, …show more content…
Lincoln Electric Company employees enjoy incentives in the form of bonus structures and stock ownership programs as well as an exclusive promote-from-within policy which follows their merit-based employee evaluation system (Sharplin, 1989). Bonus amounts appear to be as limitless as Lincoln 's company motto by averaging a staggering $17,500 in 1980 (Sharplin, 1989). That average bonus amounts to the same buying power as roughly $49,850 today (CPI Inflation Calculator, …show more content…
Based on the Organizational Culture Profile, a team-oriented company culture will “...emphasize cooperation among employees” (Carpenter, 2010) . Despite their authoritarian management style, Lincoln Electric 's efficiency depends on the “ '...complete honesty and understanding between the hourly worker and management. '” (Sharplin, 1989). By determining Advisory Board members based on the votes of their employees while also allowing an open-door management policy and full access to Advisory Board meetings to all employees, Lincoln clearly demonstrates the core of being a team-oriented business (Sharplin, 1989). The previous President, Mr. Willis, concisely explains this by stating that the company follows the idea that “ '...Management is the coach who must be obeyed. The men, however, are the players who alone can win the games '”, which further illustrates their team-like structure (Sharplin,
“...firms that focus on and cultivate a culture that members agree about and that specifically focuses on adaptability will grow faster financially than their competitors” (Chatman, 2012).
In order to determine a company 's culture and whether or not it exemplifies Berkeley 's recipe for the most prosperous type of business, one can utilize the Organizational Culture Profile framework and assess that company 's culture based on seven different and specific values (Carpenter, 2010). The following aspects describe the values of this framework: innovative, aggressive, outcome-oriented, stable, people-oriented, …show more content…
Lincoln Electric Company employees enjoy incentives in the form of bonus structures and stock ownership programs as well as an exclusive promote-from-within policy which follows their merit-based employee evaluation system (Sharplin, 1989). Bonus amounts appear to be as limitless as Lincoln 's company motto by averaging a staggering $17,500 in 1980 (Sharplin, 1989). That average bonus amounts to the same buying power as roughly $49,850 today (CPI Inflation Calculator, …show more content…
Based on the Organizational Culture Profile, a team-oriented company culture will “...emphasize cooperation among employees” (Carpenter, 2010) . Despite their authoritarian management style, Lincoln Electric 's efficiency depends on the “ '...complete honesty and understanding between the hourly worker and management. '” (Sharplin, 1989). By determining Advisory Board members based on the votes of their employees while also allowing an open-door management policy and full access to Advisory Board meetings to all employees, Lincoln clearly demonstrates the core of being a team-oriented business (Sharplin, 1989). The previous President, Mr. Willis, concisely explains this by stating that the company follows the idea that “ '...Management is the coach who must be obeyed. The men, however, are the players who alone can win the games '”, which further illustrates their team-like structure (Sharplin,