The Lincoln Electric Company

Headquartered in Euclid, Ohio, a suburb of Cleveland, The Lincoln Electric Company is a world leader in welding and cutting products, as well as a premier manufacturer of electric motors. The company is well known for its dedicated, talented workforce and its superior technology. Lincoln Electric Company gives its customers total solutions along with a commitment to quality. Lincoln Electric Company is also well known for its incentive management system. Many companies strive to duplicate the success that Lincoln has enjoyed over the years. John C. Lincoln founded Lincoln Electric Company in 1895 with a capital investment of $200. At first he only designed electric motors, but in 1909, he began to build welding machines. In 1814, he hired his brother James to be the VP and manager of his company. In 1934, the famous Lincoln bonus plan was instated as employees enjoyed bonuses of 25% of their base pay. By 1940, Lincoln employees enjoyed two times the average pay and productivity of similar Cleveland workers. Lincoln has built a very profitable company. This by way of treating all of its stakeholders with the utmost importance. Lincoln always kept its prices very fair, if not too fair for the customers. In many cases, the price of an item or service provided by Lincoln had gone down over the years. At the same time, employee†s salaries actually went up. This is just one example why Lincoln has flourished. Why are the employees at Lincoln Electric Company so pleased as well as so productive? Why were Lincoln employees willing to work overtime during an August vacation time in 1994? The following benefits are some of the main reasons why Lincoln employees will do almost anything to help its employer: an employee stock purchase plan company-paid life insurance piece rates adjusted for inflation a practice of lifetime employment Since its inception in 1895, Lincoln Electric Company was privately owned. This allowed for the protection of the processes that has kept Lincoln in the lead. However, after two years of losses in 1992 and 1993 due to a harsh foreign market, Lincoln Electric Company had to go public. With multi-million dollar, domestic updates and acquisitions in such countries as Italy, China, and Indonesia, Lincoln Electric Company wasted no time by dwelling on its first losses in Lincoln†s history. Lincoln is back on track as the world leader in arc welding, after faltering for only two years. Lincoln is committed to providing substantial value to all of its stakeholders. Very satisfied, dedicated and talented employees Incentive performance system Customer†s interests were held as more important than the stockholder†s Low prices kept customers pleased Exceptional quality (one Lincoln distributor said he sold hundreds of Lincoln welders without even one return Good relationships with unions Lincoln would guarantee a price quote in writing Having to go public after nearly 100 years The incentive pay scheme needs some updates Try to regain the its long-time standing as a privately owned company Stockholders could threaten with the need for a traditional pay scheme and this could interfere with the excellent relationship that Lincoln Electric has with its employees There is really nothing that Lincoln Electric Company can do that has not already been done. Lincoln Electric Company never had a loss until it†s over sea operations began to suffer in 1992. During the global organization, Lincoln†s employees voluntarily postponed their vacations in order to meet customer demand. Sales records have been set for every quarter since mid 1993. The only area that I see that could be changed is the way that the employees are compensated.

A Personal Account of the Dream of Making the Deans List, the Fear of Failure, and the Support of My Parents

A Personal Account of the Dream of Making the Dean's List, the Fear of Failure, and the Support of My Parents Failing Well I always wanted to make the dean’s list and unfortunately I have been unable to do so which can be very frustrating when you try your very best and it isn’t good enough. I mean I try everything possible to get straight A’s and nothing seems to work. I have got a tutor for every class possible and it helps bring my grade up but not high enough to where I need it to be. I try multiple studying techniques all of which seem effective but I don’t really do too much better on my test. I do all extra credit assignments that are available but those tend to be only worth a few points so it doesn’t make much of a difference. Now under no circumstances am I saying that I am doing horrible in college, I am actually doing really well achieving A’s B’s. I learned that pluses and minuses make a big difference with grades and GPA so even though I got A’s and B’s those grades were too low in their percent tile for me to make the deanâ €™s list, I want to at least make it once before I graduate. I would always call home and tell my parents about my grades and how I felt and they responded two completely different ways but were both helpful in their own unique way of comforting me. When my mom would listen to me talk about my grades she would tell me how proud of me she was and that I tried my best and that I would get it next time. She never once let me talk bad about myself and she always encouraged me to try my best and that is more than enough when it comes to my grades. Now my dad did the same but he did it with more of a just try to not get lower than a C and he’s okay with it. He knew how hard I was working and pushing myself and he didn’t want me going overboard and stressing myself out more than I had to. Once I got to college is when he came to be very encouraging and always telling me he was proud of me which meant a lot and would calm me down when I would freak out about my grades. Both of my parents are very supportive and let me know that no matt er what happens they are always proud of me and that they always will be and that means more to me than they will ever know. My biggest fear was always failure itself, never being able to be good enough for anyone or anything. Now my dad is very supportive but when I was younger all he focused on was where I could improve. Nothing I ever did was good enough so I always felt like a failure because if I can’t even make my own family proud than how am I supposed to make others proud and show them that I am more than good enough. A lot of my childhood was spent trying to make my dad proud of me, my mom was very supportive and always there for me which I am forever grateful for but I crave the approval of him. I didn’t get that growing up so I always felt like a failure and like I would never be able to be successful because of the fact that I couldn’t even get the approval of my dad. My dad first time telling me he was proud of me was towards the end of my freshman year fall semester so about a year ago†¦I cried due to the fact that I had finally succeeded at what I wanted to for so long but I couldn’t figure out why it took so long for it to happen. He had this tough love mentality and just never gave encouraging words because he didn’t want us to get used to being complimented or getting rewarded for doing what we were supposed to do in the first place. Looking back on it, I understand where he was coming from but I don’t think his way of trying to make his point helped me at all. I honestly think it hurt me more than anything else because I just always felt like I was a failure. I will thank him though for being hard on me because it pushed me to work harder and never give up even when I wanted to. My mom helped me a lot when it came to not giving up and keeping me going and for that I thank her as well. I learned that you can’t succeed at everything as well as you can’t please everyone. You will fail at certain points of your life but I believe you fail at certain things because there is something better and more worthy of your time, energy, and focus. If you try your best and it doesn’t get you to where you want to be then that is okay, the fact that you tried your best should be more than enough and you can try a different approach next time. No one is 100% successful and no one is a 100% failure. Failures are lessons you learn from to figure out how to finally come to the solution you want and I think they are very much necessary believe it or not. If you never fail, you won’t understand the meaning of success nor will you appreciate it and then it won’t mean anything. At the time it might not seem like a good thing to fail but in the end it was part of an instruction to steer you in the right direction to success.

Negotiating Strategy Negotiation practice of group Unity 04254 Essay

Negotiating Strategy Negotiation practice of group Unity 04254 - Essay Example Mainly, any trading process is including the parties like transferor and transferee. Firms have to maintain proper commitment in terms of maintaining post sales support and delivery products (Crump, 2011). In the current study, the negotiation process will be detailed out for Beaufort, XFM and Unity perspective. It is a Northampton, United Kingdom based high-end shoemaking firm. However, they are facing huge challenge from the shoe producers of Asia. Thus, they selected the strategy of ‘offshore’ production which will be done by XFM, China. This policy will be reducing the production cost as it reduces the UK based high rate workers. This study will be outlining the negotiation process between Beaufort’s management, XFM, and Unity, which is a UK trade union. The negotiation process will be outlining benefits of the UK based shoemaking employee, who are facing higher risk of job cuts for Beaufort’s offshore strategy. Druckman (2001) stated that the negotiation process of firms or other trading bodies are using the various strategies and theories for achieving best possible benefits of the involved parties. Mainly, any negotiator can use the negotiation strategies or approaches like structural approach, strategic approach, behavioural approach, processional approach and integrative approach. Organisations are adopting various types of negotiation process in order to increase commercial relationship and employee beneficiary. On the other hand, trade unions will be looking for the welfare of their members. Global firms and trade unions are using negotiation process for managing labour cost. The process also fixes up wage rates, working time and employment contracts. Organisational management can adopt various negotiation strategies for increasing the beneficiary of all the parties involved in the process. Dajani (2006) opined that structural

Shakira (2pages) Research Paper Example | Topics and Well Written Essays - 500 words

Shakira (2pages) - Research Paper Example She is known worldwide for her art of singing, dancing and writing that makes her one of the most liked artists of the world. (Shakira Espanol, 2011). The flavour that she adds to the parties and attraction that people feel in her singing performances, shall be elaborated upon in paragraphs to follows. Shakira was born in Barranquilla, Colombia. Her father was a jeweller. Her mother chose many names for her but finally Shakira was agreed upon. Shakira means â€Å"thankful† in Arabic language. Shakira’s father took great care to groom his daughter for future challenges.Shakira started reading things at the age of three. She started belly dance at the age of four without taking guidance from anybody. She was abit weak in studies and was mostly found absentminded.(Shakira Espanol, 2011) Her work in the fields of music and dance was always highly appreciated in Latin America. She got her numerous albums recorded in the early age and got fame worldwide. She has the mastery o f singing and writing in Spanish and American. (Shakira Espanol, 2011) Shakira has been gifted with a very pleasant personality. Her charming face is the main cause of her success. Whenever she is addressing the audience or speaking to the camera, she is always smiling. She conveys very romantic feelings to audience during singing and belly dance to amuse the people.

Government grants for alternative energy research Proposal

Government grants for alternative energy - Research Proposal Example Moreover, in case of a successful research, state can export the resources to gain wealth and improve relations with other countries. It will also provide the country with a more self-sufficient structure of its own and external facilitation in terms of loans and aids will be significantly reduced (Gibilisco, 234). The alternative energy is a vast range of possibilities and so this research will only focus the energy derived from hydropower i.e. water. An important reason for this selection is the surplus availability of water due to the presence of the coastline. Once the literature review is complete, further narrowing of the topic can take place. For instance what sort of water etc. Nevertheless, by what is thoroughly known presently, it is safe to say that the research will analyze the efficiency of seawater from the south shore as an energy source. It will also extend to observing the hazards faced by the sea life and the civilians in case of execution and measures that could be performed to lessen the hazardous effects. Works Cited Gibilisco, S. Alternative energy demystified, McGraw-Hill Professional, 2006. Simon C. A.

HIP HOP Dance (Article Responses) Article Example | Topics and Well Written Essays - 750 words

HIP HOP Dance ( Responses) - Article Example While the article is quite informative regarding the different related dance forms, it does not talk much about the characteristics of hip hop culture apart from dance moves. Hence the reading becomes little monotonous at times and the details and given one after another without much flow or transition of paragraphs maintained. The dance form helps in maintaining fitness can be regarded as an added advantage. It has been seen that many people prefer to learn and practice a dance form like this instead of hitting a gym. This helps in combining pleasure with effort and lead to the desirable outcome. One of the beneficial impacts observed in the article about this dance form is that it helped in minimisimg violence as people charge their energy into break dancing with each other instead of fighting. This is the psychological aspect explored by the author and gives us innovative insights. We come to learn the various forms of Hip Hop dance includes Harlem shake, Snap dance, Gangsta walki ng. Thus these arouse the readers’ interests in learning more about this dance form in practice. It would not be wrong to say that this art form has become a part of our culture. Thus we see that Hip Hop has got a worldwide appeal with more than million followers over the world. Reference Oak, M. (2013), History of Hip hop dance,retrieved on September 15, 2013 from: www.buzzle.com Pedagogy of Hip Hop dance Watching Hip hop dance in the classroom instead of continuous chain of boring lectures sounds fascinating indeed. Gone are the days of Gurukul system where the learners imbibe knowledge verbally from their guru. The author Seth E. Davis comes out with an innovatively fresh approach of conducting a literature class on the beats of hip hop music and dance. The article brings out a certain diversion from education to a dance form rendering a pedagogical significance through the medium of an art form. The arcticle observes that Hip hop dance form has helped in narrowing the gap between the learners and the instructors. The view of combining the techniques of the dance form into the curriculum is supported by various scholars.Use of Hip hop dialogue through rap, spoken words, dancing, turntablism and muralism are the ways of learning taken up by students, as pointed by the scholar Rodriguez. Hence it helps in spreading knowledge among the students in an interesting way. The author here neglects the relevance of the discipline factor in a student life. Though the article facilitates healthy development of teacher – pupil relationship which forms the core aim of education but it undermines the importance of teachers in the long run. Hip hop culture manifests students to think critically on a subject matter and develop their own understanding. Inspite of the fact that the art form marks a tool for social change, it cannot be overlooked that it hampers the overall atmosphere of the classroom. Reference Davis, S. (2007 ), Hip hop pedagogy, retrieved on S eptember 15, 2013 from: http://ccr.syr.edu/~sedavi07/hiphoppedagogy.html The Evolution of Hip Hop: Is it even Hip-Hop? Is the role of hip hop limited to uplift back culture? Have the basic features changed? Kool DJ Herc is regarded as the pioneer of the hip-hop culture. However, throughout the years the culture has gone through vast changes. In the article titled â€Å"The Evolution of Hip-hop; Is it even Hip-hop?† Dushawn Roberts opines that the exclusive American-African culture has been greatly influenced as well as

Events of September 20th 1973 Speech or Presentation

Events of September 20th 1973 - Speech or Presentation Example The day witnessed the sorrowful and untimely pass away of immensely talented American songwriter and singer Jim Croce who was originally named as James Croce. At the time of his death of a plane crash he was only 30 plus and less than three and half months away of his 31st birthday. Like many other musical geniuses Jim’s early career was not so successful though it turned into colours quite rapidly in 1970 (Alfred Publishing 104). This period was renowned for Jim’s meeting with singer and song writer Maury Muehlesien and the duo jammed together quite well. The flexibility between the two in interchanging their roles as vocalist to musicians was worth watching. The duo produced some ear melting songs like â€Å"You Don’t Mess Around with Jim,† â€Å"Life and Times†, â€Å"Operator and Time in Bottle† and of them received applaud. Especially Croce’s â€Å"Bad Bad Leroy Brown† became the number one chart hit in America in 1973 (And erson, 38). Catastrophe struck at this point of success when Croc along with all the crew in a chartered plain met a crash in their way to Sherman Texas and succumbed to the crash. The most major event on that day regarding sports might be considered as the battle between sexes as it is popularly known. This was a tennis match between Bobby Riggs and Billie Jean King two of the supremos of lawn tennis. The game was metaphorical at the back ground of equality in payment between male and female tennis stars. Two important points are here to note, Bobby was at that time 55 and Billy was 27. However putting it aside Billy Jean King downed Bobby in straight sets 6-4, 6-3, 6-3. The biggest contribution of Billy to women tennis was to put it a step forward towards equality with their male counterpart. It is worth noting that Margaret Court arguably the greatest ever ladies tennis player faced a humiliating defeat against Bobby (6-1, 6-2) on mothers day, popularly known as mother’s d ay massacre. Miss Court was never an ardent supporter of equality among the male and the female players and that perhaps restricted her from furnishing her highest efforts while combating Bobby. On the other hand Billy realised that if this old man manages to defeat her then woman tennis would walk back around fifty years. Though the match ended in a friendly manner and gestures were exchanged between the two, but that in no way undermines the significance of this historical battle of sex between two legends of the game (Drury, 63). On the same day and same year Alan L. Powedermaker and his wife built a ranch in western style making a perfect western essence named Circle R Ranch. At the very initial level the ranch hoisted a party with only 28 members. The party was meant for eastern Kodak. If increase in number of gusts is considered as an significant growth of the ranch and which definitely is; nowadays 350,000 guests are each year entertained within the realm of the ranch. Till d ate Circle R the ranch has been associated with many interesting events that have even claimed awards. Some of them are worth mentioning â€Å"Sly and The Family Stone, The World Classic Rockers, Charlie Daniels Band, LeeAnn Rimes, Tracey Lawrence, Dwight Yoakum, KC & the Sunshine Band, Kool & the Gang, 3 Dog Night, Bo Diddley and Chubby Checker. In 1996, Circle R hosted the Country Music Association Awards Gala.† (Circle R. Ranch) The ranch was now operated by two very experienced persons, Steven Foster and Wendy Foster who are eventually