Lincoln Electric

A detailed Summary of Lincoln Electric


Headquartered in Euclid, Ohio, a suburb of Cleveland, The Lincoln Electric Company is a world leader in welding and cutting products, as well as a premier manufacturer of electric motors. The company is well known for its dedicated, talented workforce and its superior technology. Lincoln Electric Company gives its customers total solutions along with a commitment to quality. Lincoln Electric Company is also well known for its incentive management system. Many companies strive to duplicate the success that Lincoln has enjoyed over the years.

John C. Lincoln founded Lincoln Electric Company in 1895 with a capital investment of $200. At first he only designed electric motors, but in 1909, he began to build welding machines. In 1814, he hired his brother James to be the VP and manager of his company.

In 1934, the famous Lincoln bonus plan was instated as employees enjoyed bonuses of 25% of their base pay. By 1940, Lincoln employees enjoyed two times the average pay and productivity of similar Cleveland workers.

Lincoln has built a very profitable company. This by way of treating all of its stakeholder


 Lincoln would guarantee a price quote in writing

 Good relationships with unions

 The incentive pay scheme needs some updates



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Approximate Word count = 773
Approximate Pages = 3 (250 words per page double spaced)

Category: Miscellaneous

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