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Books > History > History of specific subjects > Economic history
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Lasting Value - Lessons from a Century of Agility at Lincoln Electric (Hardcover)
Loot Price: R2,150
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Lasting Value - Lessons from a Century of Agility at Lincoln Electric (Hardcover)
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In its 104-year history, Lincoln Electric Company has managed to
sustain its status as the world's leader in welding technology
despite intense domestic and foreign competition. The company's
success can be attributed to founder James Lincoln, who began
adopting principles of management that empowered workers and
allowed the company to change rapidly to take advantage of new
opportunities. This book shows you how to duplicate these
pioneering ideas and follow the brilliance of the Lincoln
management system. The results of this system include happier
customers, more prosperous workers, and richly rewarded
shareholders.
Joseph Maciariello uncovers Lincoln's approach to management in a
systematic manner and demonstrates why the company has been so
effective for over a century. You'll discover how Lincoln employs a
mutually reinforcing set of management systems that creates a boost
in overall performance. When these systems are described and
understood in their entirety, you'll see how the company's
sustained success is due to its natural development of agility.
You'll findout how this agility is connected to its executive
leadership, management systems, and cultural environment. And
you'll learn how to utilize these principles and techniques in your
own company to obtain similar results.
The management system detailed in this book has helped Lincoln
Electric:
* Obtain net sales of over $1.1 billion in 1998
* Grab 400f the U.S. market for welding machines and
products
* Double the average return on stock- holder equity in the metals
industry
* Provide production workers with an average salary that is twice
as much as the industry median
By implementing thissystem, you can also experience these strong
financial returns for shareholders, an increase in wages for
workers, higher productivity, and much more!
"Lasting Value is that rarest of books: a "why to" book, a "what
to" book, and a "how to" book- its examples deal with manufacturing
companies and blue-collar workers. But the lessons have particular
force for the new job facing management: building organizations of
knowledge workers who perform and who create lasting value."
-Peter F. Drucker
"In today's world of quarterly expectations and Wall Street's
praise for major restructuring, Lasting Value successfully
illustrates that long-term shareholder value can occur when
corporations are truly customer and employee driven with the
highest of motives."
-Donald F. Hastings
Chairman Emeritus, Lincoln Electric Company
"Worthington was founded on the lifelong principles rooted in the
Golden Rule and today it represents one of the strongest
employee-employer partnerships in American business. We are proud
of this important foundation for our company, as it has provided us
with lasting value."
-John H. McConnell
Founder and Chairman Emeritus, Worthington Industries
"This book should be on every manager's bookshelf and be required
reading at everybusiness school."
-F. Kenneth Iverson
Chairman Emeritus, NUCOR Corporation
"Joe Maciariello's in-depth description and detailed analysis of
the Lincoln Electric Company will allow managers (and others) to
revisit the powerful lessons this company has offered. Lasting
Value is a valuable and practical contribution that should be
welcomed by managers everywhere."
-Christopher A. Bartlett
DaewooProfessor of International Business and Chair,
Program for Global Leadership
Harvard University
"Managers should consider the application of this novel approach
to managing their companies. Lincoln Electric has used it
successfully for almost 100 years."
-Robert N. Anthony
Walker Professor of Management Control, Emeritus
The Harvard Business School
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