1,421
10
Case Study, 3 pages (600 words)

Lincoln electric case study by gradable 1

One of the external opportunities Lincoln has is investing in a factory in the country of Indonesia. This Indonesia investment would open up a lot of opportunities for Lincoln to reach their goals.

Indonesia has a very large population of two hundred-fourteen million, which means a lot of consumers. Indonesia is also a large market of welding products, the demand is high and the country is growing fast and would need much more developed machines in the future.

The threats that Lincoln Electric faces Is the international competition and the technology that Is used for the welding products. The core competencies of Lincoln Electric Is the incentive system which consists of four key components. The first one I got is piecework, which is paid employees on the number of pieces and the quality that they produced.

Annual bonus would be another one. Annual bonus awards the employees according to their contribution to the company performance In terms of output, Ideas, cooperation, dependability and quality.

Lincoln gives limited benefits by giving workers more cash wages and bonuses than fixed benefits. The last one would be guaranteed employment. Guaranteed employment allows a worker to work more efficiently, If that worker Is assured of his Job.

Lincoln Electric also wants to be known as a family oriented company that way It’s a better work environment and can relate to consumers better. All these core competencies created an environment of trust and where workers could bring forth newer Ideas that would help the company.

A generic strategy that looks like It would fit with what Lincoln Electric Is trying to do would be focused differentiation strategy. Focused differentiation strategy Is an action plan the firm develops to produce goods or services that a narrow group of customers perceive as being unique In WAP that are Important to them. This strategy fits the best to me because Lincoln Is trying to Invest In a factory In Indonesia. Indonesia Is a huge population with a lot of competition In that area, so If Lincoln Is looking In to moving Into Salsa they need to put there focus on the consumers there.

I feel there core competencies will work In the Indonesia environment. I would say they should get to know that culture first and Implement a traditional management of Indonesia, which would be a better fit to that culture and It will reduce risk. Lincoln electric case study By Gradable 1 developed machines in the future. The threats that Lincoln Electric faces is the international competition and the technology that is used for the welding products.

The core competencies of Lincoln Electric is the incentive system which consists of the company performance in terms of output, ideas, cooperation, dependability and Guaranteed employment allows a worker to work more efficiently, if that worker is company that way it’s a better work environment and can relate to consumers better.

Could bring forth newer ideas that would help the company. A generic strategy that looks like it would fit with what Lincoln Electric is trying to do would be focused differentiation strategy.

Focused differentiation strategy is an action plan the firm being unique in ways that are important to them. This strategy fits the best to me because Lincoln is trying to invest in a factory in Indonesia. Indonesia is a huge population with a lot of competition in that area, so if Lincoln is looking in to moving into Asia they need to put there focus on the consumers there.

I feel there core competencies will work in the Indonesia environment. I would say they should get to know that culture first and implement a traditional management of Indonesia, which would be a better fit to that culture and it will reduce risk.

Thank's for Your Vote!
Lincoln electric case study by gradable 1. Page 1
Lincoln electric case study by gradable 1. Page 2
Lincoln electric case study by gradable 1. Page 3
Lincoln electric case study by gradable 1. Page 4

This work, titled "Lincoln electric case study by gradable 1" was written and willingly shared by a fellow student. This sample can be utilized as a research and reference resource to aid in the writing of your own work. Any use of the work that does not include an appropriate citation is banned.

If you are the owner of this work and don’t want it to be published on AssignBuster, request its removal.

Request Removal
Cite this Case Study

References

AssignBuster. (2022) 'Lincoln electric case study by gradable 1'. 6 January.

Reference

AssignBuster. (2022, January 6). Lincoln electric case study by gradable 1. Retrieved from https://assignbuster.com/lincoln-electric-case-study-by-gradable-1/

References

AssignBuster. 2022. "Lincoln electric case study by gradable 1." January 6, 2022. https://assignbuster.com/lincoln-electric-case-study-by-gradable-1/.

1. AssignBuster. "Lincoln electric case study by gradable 1." January 6, 2022. https://assignbuster.com/lincoln-electric-case-study-by-gradable-1/.


Bibliography


AssignBuster. "Lincoln electric case study by gradable 1." January 6, 2022. https://assignbuster.com/lincoln-electric-case-study-by-gradable-1/.

Work Cited

"Lincoln electric case study by gradable 1." AssignBuster, 6 Jan. 2022, assignbuster.com/lincoln-electric-case-study-by-gradable-1/.

Get in Touch

Please, let us know if you have any ideas on improving Lincoln electric case study by gradable 1, or our service. We will be happy to hear what you think: [email protected]