The Legacy Of Lincoln Electric Company - 1222 Words

In the movie â€Å"300†, the Greek King of Sparta Leonidas, leads his army to face the approaching Persian hordes. Spartan culture accentuated strength, discipline, and putting the needs of the many above self. Spartans were feared far and wide for their battle prowess and relentless commitment to mastering the art of warfare. Lincoln Electric, shares many of the qualities that made Sparta great. It is a company with a focus on mastery, frugality, industriousness, and a culture that aligns everyone towards domination of an industry that they have held leadership in for nearly one-hundred twenty (120) years. In fact, as recently as 2014, they were the largest provider in the welding supplies industry, with over 14% global market share (Samani, 2014). 120 Years of Founder Influence Lincoln Electric Company was founded in 1895 by John C. Lincoln, who was joined by his brother younger brother James in 1907 (Lincoln Electric, Inc., n.d.). From the very beginning these no-nonsense brothers set about building a company that valued its customers first, prioritized frugality, focused on delivering ever increasing value and lower consumer costs. The company has a borderline fanatical commitment to achieving competitive advantage through an employee incentive system that drives productivity well beyond any norms for the industry, or manufacturers as a whole. To this day, the influence of the founders is clear in the entire structure of the company and its operating philosophies. TheShow MoreRelatedThe Legacy Of The Lincoln Electric Company934 Words   |  4 Pages The Lincoln Electric Company was created by John C. Lincoln in 1895 after being forced out of the Elliot-Lincoln Company. The Lincoln Electric company would go on to become the world’s largest ma nufacturer of welding products and machines. This all came to be due to the business culture instilled by the founders and continued up to the present. A Harvard case study done by Arthur Sharplin, shows the organizational culture within Lincoln Electric is unique to any single ordinary business cultureRead MoreThe Legacy Of Lincoln Electric Company951 Words   |  4 PagesLincoln Electric Company What is the right culture to choose for your business? Do you want to be team oriented, innovative, aggressive or outcome oriented? For a business, this decision, of choosing a work culture often dictates unforeseen outcomes. But why choose one? The Lincoln Electric Company decided to use many of the of the seven work culture profiles to create their own unique business culture. It will be the goal of this essay to understand the seven different work cultures and discoverRead MoreThe Legacy Of Lincoln Electric Company Essay985 Words   |  4 PagesFrom a company started with 1895 with only $200 (roughly $6,000 in 2016 with inflation) and a dream, Lincoln Electric company has grown exponentially over the past 121 years. John C. Lincoln, disenfranchised with his lack of involvement with the Elliot-Lincoln company he was formerly with, set out to develop and manufacture a new patented form of electric motors. Lincoln Electric company, officially incorporated in 1906 by John C. Lincoln, was created as an engine manufacturer. In 1907, James FRead MoreThe Legacy Of The Lincoln Electric Company1479 Words   |  6 PagesThe 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 otherRead MoreThe Legacy Of Lincoln Electric Company1222 Words   |  5 Pageswarfare. Lincoln Electric, shares many of the qualities that made Sparta great. It is a company with a focus on mastery, frugality, industriousness, and a culture that aligns everyone towards domination of an ind ustry that they have held leadership in for nearly one-hundred twenty (120) years. In fact, as recently as 2014, they were the largest provider in the welding supplies industry, with over 14% global market share (Samani, 2014). 120 Years of Founder Influence Lincoln Electric Company wasRead MoreThe Legacy Of Lincoln Electric Company942 Words   |  4 PagesThe Lincoln Electric Company Since 1895, located in Cleveland, Ohio, the Lincoln Electric Company â€Å" the world’s largest manufacture of welding machines and electrodes† was able to create the ideal organization throughout several aspects of the company’s culture. Its founders, first John C Lincoln and James Lincoln, who later joined the company as the General Manager, had one duty to get done; to ask his employees to elect a committee that would give him advice in regards to the company’s operationsRead MoreThe Legacy Of The Lincoln Electric Company866 Words   |  4 Pages The Lincoln electric company founded by John C. Lincoln is known as the world’s largest manufacturer of welding machinery and electrodes. The Lincoln electric company, is one of the influential and leading manufacturers of welding machines and electrodes as compared to other companies located around the globe that are known for the manufacturing of welding machines and electrodes. This company has several outlets in different countries that also engage in the same production of the electrodes andRead MoreThe Legacy Of The Lincoln Electric Company Essay889 Words   |  4 PagesThe Lincoln Electric Company has dominated the market of welding machine manufacturing since its infancy in the late 1900’s. Their continued success is due to companies’ ability to adapt different organizational cultures, into a beautiful melting pot of profitability. Management could b e described as a mix of both outcome-oriented and stable styles, with a hefty dose of people-oriented cultures, all wrapped into one. In 1895, engineer, inventor, and businessman John C. Lincoln started Lincoln ElectricRead MoreThe Legacy Of The Lincoln Electric Company1137 Words   |  5 PagesThe Lincoln Electric Company, located near Cleveland, Ohio, USA, is one of the world’s largest welding machines and electrodes manufacturers. It is a company with a distinctive organization culture and not only is it one of the world’s largest, but also is considered to be one of the best managed manufacturing companies in the world. By taking a closer look at the ongoing influence of the founders of the company, the golden rule, the incentive management plan, the performance appraisal systemRead MoreThe Legacy Of Lincoln Electric Company953 Words   |  4 PagesFounded in 1895 by John C. Lincoln, the Lincoln Electric Company is a high-quality manufacturer of welding machines and welding equipment based out of Cleveland, Ohio. Lincoln Electric was founded upon a strong foundation of competitive logic, using many levels of synergy in its manufacturing process to create the highest quality welding equipment and the lowest costs. Through the company’s unique management system and vertical integration strategies, they have created and maintained a strong competitive