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Lincoln Electric Case Study

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Lincoln Electric Case Study
Lincoln Electric
Case Study

Table of Contents
Introduction……………………………………………………………….….…3
Vision, Mission and Value statement………………………………….……….3
Attitude towards Customer……………………………………………………..3
Attitude towards Stockholders……………………………………..…….….….4
Attitude towards Unionism………………………………………………..……4
Beliefs and Assumptions about Employees………………………..……..….…4
Management incentive and Employee Bonus Plans……………..…….….…....4
Human Resources Practices……………………………………………...….….5
Strategic Issues……………………………………………………………….…7
Reference...................................................................................................,,,,…...9

Lincoln Electric
The Lincoln Electric was founded in 1895, and is the world leader in the design, development and manufacture of arc welding products, robotic welding systems, plasma and oxyfuel cutting equipment.
Lincoln Electric's vision is to be the international leader in quality welding and cutting products as measured by innovative technology for new products and services, global sales volume, and shareholder value.
The mission of The Lincoln Electric Company is to earn and retain global leadership as a total quality supplier of superior products and services.
As a responsible and successful company in partnership with our customers, distributors, employees, shareholders, suppliers and our host communities, Lincoln Electric pledges itself to conduct its business in accordance with these core values: * Respond to our customers’ needs and expectations with quality, integrity, and value. * Recognize people as our most valuable asset. * Maintain and expand the Lincoln Incentive Management philosophy. * Practice prudent and responsible financial management. * Strive continually to be environmentally responsible. * Support communities where we operate and industries in which we participate. Attitude toward


References: John Smith. Lincoln Electric Company, 2005. http://www.highbeam.com/doc/1G1-192380785.html Southwestern Publishing Co.: Cincinnati, Ohio, USA: (2003) www.rci.rutgers.edu/~schuler/mainpages/lincolnelectric.doc Brian Borton. A case study of Lincoln Electric 2004 http://ezinearticles.com/?A-Case-Study-of-Lincoln-Electric&id=51395
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