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This is almost impossible because different occasions call for different levels of activity and seriousness. In the same way, different nations, and continents for that matter, have different values, cultures, and needs. What seems right in the U.S. may be offending in a European or Asian context. In order to thrive in international markets, a company has to mould its structures and operations in such a way that they respond to the needs, and take into consideration the values and the norm of the target market. These needs and values can only be identified through market research. Those of Asian descent, for instance, do not attach as much importance to equality as Americans do. They would find a company that treats its managers the same way it does its employees quite ridiculous because according their culture, managers ought to be accorded the authority and protection they deserve. This is a possible reason why the Lincoln...
workers? Why or why not?
This can be analyzed from two perspectives. On one end, the company would be better-off paying bonuses to its employees since bonuses are a motivation for employees, and failing to pay them could result in loss of morale, or dwindling employee loyalty, which could have detrimental effects on the company in the future. However, from a situational perspective; since the company's employees have worked there, developed there, and they know for sure that the company has over the years maintained its loyalty and taken initiative to ensure their interests are take care of, the company could open up, as it always has, and explain why it is unable to pay their bonuses in the current period, then pledge to pay the same in a future period.
The economic realities of globalization goes beyond just the affects of direct competition for Lincoln. Globalization has significantly affected Lincoln's customers as well increasing their need to continuously improve competitiveness. For this reason, even small improvements on cost efficiency or quality can equate to big profits for customers. In fact, Lincoln's mission is centered on providing the most innovative, cost-effective, quality welding and cutting solutions to their company ("Corporate").Lincoln has
Further this gives them a feeling that politics are not involved in the organization and people get what they deserve. Further the president stresses on the absence of any executive dining room. Management and workers sit together and eat. This promotes a sense of equality where everyone feels as if they are part of the same team. Moreover for any organization to keep the workers motivated is highly important. High
Strategic Management Lincoln Electric Expansion to India The purpose of this assignment is to evaluate whether Lincoln Electric should expand its operations to India or not. In this assignment, firstly the facts are presented. Secondly, an analysis is presented about the Lincoln Electric's business strategies and its suitability to operate in India. Lastly, some recommendations are given which can help Lincoln Electric to expand in India successfully. Facts Lincoln Electric (LE) is a U.S.-based
Soviet Union brought the missiles into Cuba to rile up the American military establishment precisely so that U.S. nuclear missile installations in Turkey and Italy could be brought on the table. Secondly as an ally, Soviet Union was concerned about the fate of Cuba which held a lot of promise for the Communist experiment internationally. The American leadership understood that what they faced in Cuba was a catch 22 situation.
Ford is a car company that has endured many challenges and travails over the years. Indeed, they are not unlike General Motors and Chrysler in this regard. While they have generally been unscathed as compared to the other two "American" car companies and they are only one of two of the original Big 3 that is still entirely American-controlled, Ford is not dominating the market by any means. Their overall
When Immelt took over as CEO of General Electric in 2001, he pledged to continue the tradition of Six Sigma that had been created by Jack Welch. However, in the years that have passed since Immelt gained control, the GE organization has struggled to maintain the same quality of culture that existed under the leadership of Welch. Brady (2004) interviewed Immelt about his position on Six Sigma in the