Term Papers on The Lincoln Electric Company from Term Papers Lab.
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The Lincoln Electric Company, 1996
Background
The Lincoln Electric Company is a leading manufacturer of arc-welding and cutting products. Founded by John C. Lincoln in 1895, Lincoln Electric began its business with the design of electric motors. John's younger brother, James, joined the company in 1909 as a salesman.
Almost twenty years after founding the company, John C. Lincoln decided to concentrate on being an engineer and inventor, and turned the duties of running the company to his brother. During this time, James introduced piecework pay and established the Employee Advisory Board, which included elected representatives and met every two weeks. Furthermore, Lincoln employees were covered by group life insurance, a progressive effort for its time.
Issues
There are several issues that face Lincoln Electric.
1. Is the incentive program in place at Lincoln Electric the best way to motivate employees?
2. Lincoln Electric tried to expand internationally but failed.......
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Title: The Lincoln Electric Company
Approximate Word Count: 2965
Approximate Pages: 12 (250 words per double-spaced page)
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