The Strategy Of Lincoln Electric - 1287 Words

The strategy of Lincoln electric is known for its highly unique ideas for paying working according to the number of pieces they produced at works which means higher performance and productivity leads to higher pay roll. He believed in generating the best productivity and utilizing the company’s resources properly. A global organization is complex and has different task and requirement which needs different skills, education, experiences, knowledge and background. And that is why there is different kind of degree and education is available. Each major requires specific knowledge, like marketing, management accounting etc. the companies have segment in its organization also which divides the members into different groups each group have†¦show more content†¦Third is reciprocal interdependence, output of each depends on the input of others. Coordination and controls are need i n the organization to control and monitor the actives within the different groups. Like auditor, accounting, management, Financer etc. Budgets are created and monitor these helps the managers to decide which is required and what to valued the most. As a manufacture production company their main priority is their cost and customers satisfaction, but it can also produce the high levels of dysfunctional. In order to avoid interdependence the rule, budget is used, set of task, objectives used to accomplish the plans. The manager is the leaders to avoid such types of conflicts, and it’s the most appropriate way to avoid that conflict. Mangers can be the key to solve the conflicts and problems instead of avoiding them because avoiding can create more problems and make situation more complex. It also describe that organization socio-technical system, in which organization system need to be understood by all part of organization, what happen in one part of the organization can also e ffect the other part of the organizations. Organization is socio-technical systems and has both social and technical components. , social component includes the raw material, which is usually consisting of humans