The Lincoln Electric Company Case Study Essay - 1027 Words

There are plenty of reasons why Lincoln Electric Company (LEC) is successful, and a big one that people usually credit the success to is the way it’s managed. While reading the Lincoln Electric Company Harvard Case Study by Arthur Sharplin, we learned a lot about the echo of the founder’s philosophies still very present in the company, we looked at the highly rewarding merit pay plan, and we learned about LEC’s authoritarian management style. There are plenty more reasons why LEC has been so successful over the years but these three are mostly responsible for the productivity, efficiency, morale, and overall satisfaction of the factory level employees and all the way up to the President’s office. A lot of people thought that once Mr. James Lincoln (better known as ‘Jimmy Sr.’) died in 1965 that the company would stop succeeding. People thought profits would drop, philosophies would be out of use, and the company would stop following Lincolnâ⠂¬â„¢s system that had led them so far. Opposite to that happened. Employee turnover rate became extremely low because of care to the employees and a well thought up management team. Employee productivity stayed at the standard that was established because Lincoln’s bonuses stayed with the company even when he had left it The company seemed ‘stronger than ever’. In addition to these standards, Lincoln also thought that the company should finance new locations through earnings made at LEC, not through loans or borrowing. This philosophy couldShow MoreRelatedLincoln Electric Company Case Study Essay823 Words   |  4 PagesLincoln Electric Company Harvard Case Study by Arthur Sharplin is an eye-opening exposition on the inner workings of such a successful organization. Many times, when the general public hears of a successful company, they normally focus on the product, the impact on society and the numbers. But to have an insight on how a company reached its current level of success explicates what it takes to maintain a high level of consistency. Although I understand that the policies and plans that are implementedRead MoreCase Study : Lincoln Electric Company Essay814 Words   |  4 PagesCase Study: Lincoln Electric Company Lincoln Electric Company is headquartered in Cleveland, Ohio. Established in Euclid, Ohio by John C. Lincoln and James F. Lincoln. The organization has been very successful and is now the world leading manufacturing company of welding products for over 120 years. Through their vision, John C. Lincoln and James F. Lincoln established a habit and culture of modernization and distinction that continues to drive the Company. Everyone at Lincoln strives to keep theirRead MoreLincoln Electric Company Case Study Study Analysis1026 Words   |  5 PagesLincoln Electric Company Case Study Analysis In this Case Study Analysis, I will identify examples of the types of organizational culture (innovative and stable) that the Lincoln Electric Company has, as well as the benefits and problems the company could experience as a result of these. The idea that stuck out the most about the Lincoln Electric Company is that they obviously have a strong culture that all levels of employees are proud to be a part of. According to Carpenter, Taylor, and ErdoganRead MoreCase Study : Lincoln Electric Company891 Words   |  4 Pagesabout Lincoln Electric Company. The first point of the paper is to look at the continuing influence of the founders of the company. The second point is to look at the golden rule, the incentive management plan, the performance appraisal system, the way people communicate in the company, the merit pay plan, the bonus plan, and the management style. By analyzing these features the end result will be that there is an understanding of the culture of the company. Lincoln Electric CompanyRead MoreAnalysis Of The Lincoln Electric Company Harvard Case Study1006 Words   |  5 PagesAnalysis of the Lincoln Electric Company Harvard Case Study by Arthur Sharplin By: Lauren N. Ingram The Lincoln Electric Company was a legacy company from which the families personal values were incorporated in the beginning and continue to be the fundamental beliefs compromising the company s culture. By creating and implementing a culture of service, respect, and loyalty, the Lincoln Electric Company has become an institutional leader in American business standards. Lincoln s culture cannotRead MoreThe Theory Of The Lincoln Electric Company Harvard Case Study1165 Words   |  5 Pagesfour functions serves as a general guiding rule for every organization or company towards the attainment of desirable leadership style. Executives’ drive the company pursuant to its mission statement, employees should have mutual respect to one another, and the company should offer an acceptable compensation. Thereby working as one community for a crystal clear vision. Having read the Lincoln Electric Company Harvard Case Study by Arthur Sharplin, I would like to contextualize my evaluati on into differentRead MoreCase Analysis : Lincoln Electric Company Harvard Case Study Essay973 Words   |  4 PagesAssignment Unit 3 Case Analysis of The Lincoln Electric Company Harvard Case Study In this case analysis I will be analyzing and summarizing my understanding of the organizational culture of the Lincoln Electric Company, based on key pointers and a Harvard Case Study by Arthur Sharplin. In my analysis I will be using the framework from chapter eight of the textbook â€Å"Principles of Management† by Carpenter, Bauer and Erdogan to discern aspects of the company’s culture. The company is said to have aRead MoreEssay Case Study of Lincoln Electric Company875 Words   |  4 Pagesï » ¿ Integrative Case: The Lincoln Electric Company Tony Slattery Everest University Abstract â€Å"We are a global manufacturer and the market leader of the highest quality welding, cutting and joining products. Our enduring passion for the development and application of our technologies allows us to create complete solutions that make our customers more productive and successful. We will distinguish ourselves through an unwavering commitment to our employees and a relentlessRead MoreCase Study887 Words   |  4 PagesCHAPTER I INTRODUCTION 1.1 Reasons choose the case 1.2 The Problems The problems of this case are: 1. How would you characterize Lincoln Electric’s strategy? In this context, what is the nature of Lincoln’s business and upon what bases does this company compete? 2. What are the most important elements of Lincoln’s overall approach to organization and control that help explain why this company is so successful? How well do Lincoln’s organization and control mechanismsRead MoreAnalysis On The Lincoln Electric Company Essay948 Words   |  4 PagesANALYSIS ON THE LINCOLN ELECTRIC COMPANY INTRODUCTION The general outlook of The Lincoln Electric Company shows that it was a successful company regardless of the death of James F. Lincoln in 1965. The many college management texts refer to the Lincoln plan as a model of achieving high worker productivity. SUBJECTING THE LINCOLN ELECTRIC COMPANY TO THE ORGANISATIONAL CULTURE ANALYSIS Organizational Culture according to the text book refers to a system of shared assumptions, values, and beliefs that

Fabrication Of Four Wheel Steering Mechanism - 1448 Words

FABRICATION OF FOUR WHEEL STEERING MECHANISM A PROJECT REPORT Submitted by BISHT VIKRAM D. SINGH 121000119023 SHINDE LALIT M. 121000119026 BIJARNIA DINESH O. 121000119034 JADHAV PRASHANT P. 121000119104 In partial fulfillment for the award of the degree Of BACHELOR OF ENGINEERING in MECHANICAL DEPARTMENT Sigma Engineering college, Matar Gujarat Technological University, Ahmedabad May 2016 SIGMA ENGINEERING COLLEGE, MATAR MECHANICAL DEPARTMENT 2016 CERTIFICATE Date: 20/04/2016 This is to certify that the dissertation entitled â€Å"FABRICATION OF FOUR WHEEL STEERING MECHANISM† has been carried out by Bisht Vikram D. Singh (121000119023), Shinde Lalit M. (121000119026), Bijarnia Dinesh O. (121000119034), Jadhav Prashant P. (121000119104) under my guidance in partial fulfillment of the degree of Bachelor of Engineering in Mechanical (8th Semester) of Gujarat Technological University, Ahmedabad during the academic year 2015-16. Guide: Head of Department (I/C) Principal Mr. Sachin Jadav Mechanical Department, SEC, MATAR. SEC, Matar. Seal of Institute ACKNOWLEDGEMENT For successful working on the â€Å"Fabrication of four wheel steering mechanism† we would like to thank someShow MoreRelatedAutomobile and Roll Cage Analysis1650 Words   |  7 PagesWelding type: MIG ï  ¶ Bending: Mechanical type bending ï  ¶ Brake: Hub brake and Rim brake ï  ¶ Steering: Rack and Pinion ï  ¶ Motor: 0.5 HP , 24V PMDC ï  ¶ Battery: 12V, 35 am-hr ï  ¶ Suspension: Spring-arm suspension type ï  ¶ Drive train: Sprockets and chain ï  ¶ Controller unit: PWM unit ï  ¶ Tyres: Cycle tyre 28 inch diameter ïÆ'Ëœ SALIENT FEATURES ïÆ' ¼ Individual suspension system to the front two wheels. ïÆ' ¼ Rack and pinion steering system. ïÆ' ¼ IS1239 MS frame ïÆ' ¼ Seating position – enabling complete view to both driversRead MoreThe Invention Of The Automobile2373 Words   |  10 Pagesexactly where you were going and not just in a general area or close to where you were going, as would trains and boats. 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Ergo, the Malaysian automobile market is classified as an oligopoly, because the top four firms (Perodua, Proton, Toyota and Honda), occupy between 60% - 90% of the total market share (87.44% toRead MoreSupply Chain Management of Maruti Suzuki8243 Words   |  33 Pages PROJECT REPORT ON †¢ Study of vehicle manufacturing processes from raw material to finish vehicles. †¢ Study of Vehicle Tracking System (VTS) equipment interface. †¢ Auto closing system (Concept, design fabrication) of floor service pit to improve safety of human. SUBMITTED BY ------------------- 4TH YEAR ELECTRICAL ENGINEERING YMCA INSTITUTE OF ENGINEERING FARIDABAD [pic] Maruti Suzuki is one of Indias leading automobileRead MoreProject Report on Radio Controlled Aircraft14667 Words   |  59 Pagesnose gear it is not possible to maneuver/ move on the ground without manually moving it. With a steerable nose gear the RC Airplane can be moved on the ground.   Main Gear or Landing Gear The main gear or landing gear are the main landing wheels of the RC Airplanes which takes the entire RC Airplane. Main gear have to be strong and yet flexible enough to provide safe takeoff and landing to RC Airplane. A rigid inflexible landing gear can damage the RC Airplane structure as the entire weightRead MoreTata International Strategy11355 Words   |  46 Pagesbusiness excellence processes have come to characterise the Tata way of enhancing and conducting its business endeavours, and to a great extent, have helped define the Tata brand. The TBEM movement in Tata has a built-in reward and recognition mechanism wherein companies that have achieved a score of 600 on the TBEM framework are felicitated with the JRD QV Award. 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One individual who has contributed immensely to management accounting thought and practice over the course of more than four decades is Michael Bromwich. Bromwich, who is about to retire as CIMA Professor of Accounting and Financial Management at London School of Economics (LSE), has published over eighty papers and articles and some Wfteen books and monographs. His primary

Marketing Strategies of Vodafone

Question: What is the Marketing Strategies of Vodafone ? Answer : Introduction The Vodafone Group is the mobile communications organization with the most noteworthy nearness around the globe. In September 2010, they had more than 354 million clients around the globe. Vodafone now work in more than 31 nations where the company has possession interests and band together with systems in more than 42 more (Lancaster et al., 2012). In an undeniably associated world, they need to keep giving an exceptional reaction to subscribers or clients' aggregate correspondences needs, regardless of whether mobile or settled (voice, the Web, and TV) and to be a truly appreciated, absolutely client-arranged, imaginative, focused and aspiring organization. Features, Characteristics, and Benefits of their Product/Service With Vodafone, clients can simply be associated with the general population and things that are the most vital. Regardless of whether moving, at home or at work, our clients can tally at all circumstances on powerful, inventive administrations, the most recent telephones and a magnificent Customer Care Service to help them take full benefits of life openings (Parasuraman et al., 2015). An appropriate Target Market The Company's entrance in 1992 into a market only overwhelmed by a state-owned operator drastically changed the overarching view of the mobile telephone, which until at that point was viewed as a grown-up toy or a device held for a well-off world class. Vodafone tested this picture by presenting another idea of a helpful, moderate administration, equipped for reacting to every one of clients' interchanges needs. Vodafone was the key improvement and development motor of the Portuguese cell showcase, achieving significant change in the mobile media communications scene in Portugal. Since Vodafone began to operations, they have been a key player in the communications industry in Portugal and a pioneer in development, branding and consumer loyalty. They have more than 6.1 million clients enlisted on the cell network, compared to more than 33% of all clients of mobile services in the national market (Parasuraman et al, 2011). The Marketing Objectives Vodafone Portugal is as a worldwide telecommunications operator equipped for reacting to its clients' aggregate correspondence needs. Its solid client introduction and the unfathomable encounter gained in the mobile market are the premise of the Company's development, which amid over 18 years has possessed the capacity to keep up the largest amounts of client fulfillment in the Portuguese market (Slater, 2011). Vodafone Portugal constructs its business and methodology on separation. This is the organization's development and intensity premise, and it is recognized by four primary components: CRM a great Customer Service and Customer Relationship Management Brand a great telecommunication services brand Innovation the telecommunications firm offers the applicable and innovative services. Merging The best-combined communications services SWOT Analysis Having begun to work under the brand Telecel in October 1992, the Company started to be known as Telecel Vodafone in January 2001, starting a fruitful brand movement that finished in the appropriation of the Vodafone mark in October of that year (Toyne Walters, 2013). That procedure mirrors the organization's association with the biggest mobile telecommunications bunch on the planet. Being a piece of a Group of this nature and scale empowers Vodafone to offer our clients/subscribers even more aggressive costs and ever better and more separated new services and handsets, profiting from the picture of a standout amongst the most effective worldwide brands, perceived everywhere throughout the world. With the advantage of a popular brand and various opportunities, it doesnt mean Vodafone is immune to threats and weaknesses. The SWOT Analysis of the company is summarized in the table below. Strengths 2nd biggest mobile service provider by subscribers Geographically diversified business Advanced and developed network Robust brand appreciation Opportunities Extend Spring Vodafone made a net profit of around $41 billion through divesting its stake in Verizon. The telecoms giant plans to devote that bonus on restructuring its arrangements to LTE/4G. Emerging economies like India Fixed telecom and cable services Weaknesses Sluggish economic environment in Europe Stiff competition all over Absence in the lucrative US industry Threats Market fullness in Europe Uncertain regulatory climate Over-The-Top services like Skype, WhatsApp. Gaps between Marketing Objectives and Companys Capabilities According to Tripp et al (2015), two gaps exist in most companies such as the gap between the desire of customer and impression of administration. With a specific end goal to have the capacity to surpass a clients desires, and along these lines to guarantee consumer loyalty, organizations need to have a reasonable and exact observation about client desires. An absence of such information makes a gap. That can be one of the principal purposes behind administration clients not being fulfilled. The gap between the impression of administration and administration quality particular. Regardless of the possibility that administration precisely sees client desires, there are still odds of client disappointment that can be brought on by the hole in arranging the nature of the service as per client desires (Sirgy, 2012). Pestle (or PEST) Analysis The primary Political components influencing Vodafone to incorporate EU Roaming Regulation that expects to abatement charges for mobile telephone utilizations abroad by 69.8% (Preissl et al., 2009). Economic variables likewise influence Vodafone principal of which are the development of GDP and the level of swelling rate inside business sectors where the organization works. A possibility is there of Social elements that influence Vodafone. For example, shifting work plans which are outstandingly renowned for making people telecommute gradually. The outcome of technological variables on Vodafone is without doubt. Particularly, a technological growth in interchanges and increase of optional methods for communication, for instance, online chat rooms in addition to WhatsApp. Notwithstanding the ordinary GSM services, Vodafone likewise offers services whose spearheading, what's more, at times, selective nature underlines our authority in advancement and Client introduction. Marketing Strategy These incorporate services, for example, Vodafone 360, an Internet connection for mobile telephones, PCs that unites clients' phone, email, social contacts and chat service in one place, and Vodafone Casa, described by the simplicity of establishment, the straightforwardness of utilization and focused costs. As a major aspect of Vodafone's turn into new business zones in the telecommunications showcase, for this situation fixed interchanges phone, the Internet, and TV now additionally given their optical fiber coming to more than 190,000 homes in Porto and Greater Lisbon (Sirgy, 2012). Implementation of the Strategy The execution of an advertising program requires complete consideration, joint endeavors and specific aptitude over the distinctive elements of an organization. Complex ventures, for example, the procurement of another market section require successful collaboration, as undertakings can't just be separated up and taken a shot at exclusively. Exercises should be adjusted; the fundamental data should be traded, and correspondence improved so that everybody recognizes what to do and knows about their commitment to the entire organization. Conclusion Vodafone is the biggest mobile system retailer on the planet regarding turnover, needs to keep on growing by offering value added services. For Vodafone to maintain the upper-hand, it needs to refresh the operations with innovation. If Vodafone wants to enter a market, at that moment they apply their innovative strategies and augment Customer Service. Modernization is dependably a fluctuating viewpoint in the mobile phone trade, therefore Vodafone has a competitive advantage to alter the services for the better. Vodafone's greatest strength is their impalpable resources such as their employees, who are essential strength for the organization to be in the lead of their competitors. References Lancaster, G, Massingham, L Ashford, R, (2012), Essentials of Marketing, fourth edition, McGraw-Hill Parasuraman, A, Berry, LL Zeithaml, VA, (2011) Understanding Customer Expectations of Service, Sloan Management Review, Issue: 32(3) Parasuraman, A, Zeithaml, VA, Berry, LL, (2015) A Conceptual Model of Service Quality and its Implications for Future Research, Journal of Marketing Preissl, B, Curwen, P Haucap, J, (2009) Telecommunication Markets: Drivers and Impediments, Springer Sirgy, M. J. (2012) Self-Concept in Consumer Behavior: A Critical Review, The Journal of Consumer Research and Marketing Strategies, 9 (3), 287-300. Slater, S. F. (2011) Developing a Customer Value-Based Theory of the Firm, Journal of the References (2), 162-167. Slater, S. F. and Narver, J. C. (2015) Market Orientation and the Learning Organization, The Journal of Marketing, 59 (3), 63-74. Toyne, B. and Walters, P. G. P. (2013) Global Marketing Management - A Strategic Perspective, Boston MA: Allyn and Bacon Tripp, H. C. M. v., Hoyer, W. D., and Inman, J. J. (2015) Why Switch? Product Category: Level Explanations for True Variety-Seeking Behavior, Journal of Marketing Research, 33 (3), 281-292.