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Lincoln Electrical Company's Success Essay Example

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Lincoln Electrical Company's Success

Lincoln Electrical Company's Success. Lincoln company realized that employee attitude towards the organization was important for their motivation and subsequently performance. Therefore, the company ensured that the employees interacted freely with the management and that compensation and reward corresponded to performance. In essence, the company ensured that employees felt valued an important in the company and that their needs were cared for by the management. 4. The approach to deliberately motivate employees through reward and free interaction by the management ensured that employee satisfaction was always high. Cost reduction also functioned to motivate employees because the saved revenue was transferred to the employees. However, the emphasis the company placed on performance functioned to motivate the employee to increase their productivity.

The piecework compensation strategy functioned to motivate employees to work harder. In addition, the paid for holidays and the rewards functioned to improve employee satisfaction. 5. The classical approach to the human resource is that employees are an asset to an organization and not a liability. Therefore Lincoln ensured that it always invested in the employees to increase their productivity. The scientific approach had viewed human beings as a people who do not like working naturally and that responsibilities should be broken down into smaller tasks for motivation. Lincoln employed the classical approach in the management of its human resource. 6. Lincoln's approach to TQM, quality control, and quality assurance was to employ an in-house strategy to ensure that the employees owned the quality control and quality assurance processes. Employees were empowered and sense of ownership nurtured within the human resource. In essence, employees always ensured that they produced quality products. In addition, the company strived to automate most of the production processes to improve the efficiency and accuracy of production.7. Lincoln’s success will depend on the ability of the company to sustainably keep production costs low so as to be able to offer products and relatively lower prices. Lincoln Electrical Company's Success.

Works Cited

Kinicki, Angelo & Williams, Brian. Management: A Practical Introduction. New York: McGraw-Hill, 2011. Print.
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preview essay on Lincoln Electrical Company's Success
  • Pages: 5 (1250 words)
  • Document Type: Essay
  • Subject: Technology
  • Level: Ph.D.
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