Lincoln Electric

1. Identify and briefly explain one example from uppercase of Nebraska Electric Company of each of the five composition model. capital of Nebraska Electric Company (LEC) adheres to a real clear strategic planning process. This Formal Control cognitive process is identified as concentrating on reducing costs and short the savings through with(predicate) to the customer by continuously punishing prices. capital of Nebraska has successfully intertwined this process in everything that they do. for each one employee app arntly understands this long line plan. Lincoln has successfully co-ordinated and managed this process through colloquy and rewards. Lincolns employees argon compensated handsomely in ex modification for productivity, hard contrive, and spunky 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 argon congruent with the c ompensation model. However, composition taking a attend at the future of Lincoln electric it has been argued that employees change, and what has worked in the late(prenominal) 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 true up and Lincoln is go along to do what has worked in the past. I feel that the management personal manner of Lincoln congratulate the strategic plan.

Lincoln clearly operates with an supercilious management. The decisions are do at the top and flow to the suspire of the fraternity. In occurrence the company doe! s not have a formal organic law chart which makes for a flat infrastructure. The ism of the owner and chairwoman are ingrained in the companys employees. It appears that the deuce most powerful people in the organization are involved in most, if not all, of the decisions of the company. This despotic style is withal 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, shed in it on our website: BestEssayCheap.com

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