Lincoln Electric Company

Lincoln Electric Company

Success of Lincoln Electric

The Lincoln electric was created in the year 1895 by John C. Lincoln. He was a man with 29 years of age and two kids and wife. He lost his job of building of electric motors in Ohio because of a financial recession that occurred in the year 1893 and many Americans became jobless in that. Lincoln took the risk and started the Lincoln electric company. The company started to work steadily with hard work, determination and innovation. Lincoln became sure of his technology when the idea of gasoline engine beat the electric engine in the year 1900. The company works on loyalty, trust and flexibility.

The company consists of 3000 employees and they can easily communicate with their CEO for the ideas and suggestion. Lincoln progressed with the modest beginnings and he formed himself by depression and the hardly growth of the first 25 years the company. The Lincoln Electric became regular in the Forbes magazine and it was included in the list of 400 best and biggest companies of America and was included in the list of fortune 1000 (Koller et al. 2010). The Lincoln electric has given an example for other countries which are motivated for the high performance in their organization (Koller et al. 2010). The corporate culture, vision and leadership of the company have led to its success. The company has also developed a special system of incentives so that the employees can be motivated.

Corporate culture

The behaviors and the beliefs help in the determination of the interaction of the employees and the handling and management of the business transactions. The corporate culture is defined along with time for the increasing behaviors of the people hired by the company. The culture of the company is reflected in its setup, dress code, benefits of the employees, business hours, treatment and satisfaction of the clients and the hiring decisions (Goodpaster, 2013).

The Lincoln electric got succeeded because of the culture of its organization which is dependent upon egalitarian spirit, openness, shared control and trust. There is a smooth line among the workers and the managers and they respect the skills of the production of workers. Furthermore, the contributions of the workers are also valued. The policies of the company also have the open door policy for all the executives of the top levels, production managers and middle managers. The company also prefers the policy of face to face communication.

Vision

The vision statement of the company is the proclamation of its aims and the failure at long terms. The vision statement consists of a few lines and a vision statement helps in the identification of the desires and goals of accomplishment of the company. A good vision statement helps in the motivation of the workers and the daily business operations and also modifies its decisions (Thomas, 2012).

The vision of the Lincoln electric is the development and the application of the technologies that are helpful in providing the solutions ...