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By doing so employees that are shareholders a vote of confidence in management, by ensuring that the organization does not waste money on special treatment for executives and that all members of the company receive the same treatment.
Lincoln has been an example to all businesses around the world as an example of how successful a company should be run under proper management. This once small business that manufactured electric motors and welding machines turned into one of the global leaders in the Industry. With continuing influences from an advancing world market and the requirement for specialized welding machines and other equipment enables Lincoln to expand its business throughout the globe, while maintaining the operational principles that it started out with.
It is my understanding that the Lincoln Electric Company regardless of any external influences whether economic or political introduces basic management styles that help turn Lincoln into one of the most influential examples of what a successful business is and should be. By communicating, looking after its employees, designing and incorporating different incentive methods, promising job security to form a strong culture