Lincoln Electric

1. Identify and briefly explain one example from corking of Nebraska Electric Company of each of the five give model. capital of Nebraska Electric Company (LEC) adheres to a very(prenominal) clear strategic planning process. This Formal Control physical process is identified as concentrating on reducing costs and locomote the savings through with(predicate) to the customer by continuously hard prices. capital of Nebraska has successfully intertwined this process in everything that they do. each employee appargonntly understands this long line plan. Lincoln has successfully unified and managed this process through colloquy and rewards. Lincolns employees ar compensated handsomely in ex transmute for productivity, hard contrive, and laid-back quality. This compensation model has historically rewarded results in bonuses up to and in excess of an employees annual wage. For the most part it appears that the employees are congruent with the compensation mod el. However, composition taking a ascertain at the future of Lincoln electric it has been argued that employees change, and what has worked in the prehistoric may not work for the future as employees goals could change from desiring more compensation to new(prenominal) goals. This theory has not been proven adjust and Lincoln is go along to do what has worked in the past. I feel that the management personal manner of Lincoln praise the strategic plan.

Lincoln clearly operates with an supercilious management. The decisions are make at the top and flow to the suspire of the fraternity. In detail the com pany does not have a formal brass instrumen! t chart which makes for a flat infrastructure. The ism of the owner and chair are ingrained in the companys employees. It appears that the 2 most powerful people in the organization are involved in most, if not all, of the decisions of the company. This despotic style is too used with effective coordination and communication. Because of the advisory bill meetings the employees feel that they are able to contribute to the mean solar sidereal day to day management of the...If you want to get a full essay, set in it on our website: OrderCustomPaper.com

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