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Essay / The Culture of Lincoln Electric Company - 611
Lincoln Electric Company (LEC) was the world's largest manufacturer of welding machines and electrodes. The company was founded in 1906 by John Lincoln. LEC employed 2,400 workers at two U.S. factories near Cleveland and about 600 at three factories in other countries. However, this did not include the field sales force of more than 200 people. Lincoln's estimated market share was over forty percent. John focused on innovation and invention, i.e. looking after the R&D work of the company and his brother James was responsible for running the company. As we know, the culture of a company, especially during its early years, is largely a reflection of the personality, background and values of its founder(s), as well as their vision for the future of the company. 'organization. When entrepreneurs start their own business, the way they want to do business determines the organizational rules, structure, and performance evaluation of the business and the people they hire to work with them. This is very obvious in the case where...