ic, employee ownership/control is associated with high levels of employee motivation and organi zational productivity. Both the company's operating profit ratio, and its net income ratio place Lincoln Electric among the top five percent of the firms competing in its industry.
Lincoln Electric is not an explicitly anti union company. The company's human relations strategy, together with its 4
employee stock ownership plan, however, create an environment wherein there is no real need for, and in which the great majority of employees have interest in a labor union.
Lincoln Electric does not mount a significant research and development effort. What research and development is done at the company is restricted to the company's relatively narrow product line. This policy enables the company to perfect its existing products, but restricts it from the development of significant innovations.
Lincoln Electric manufactures three primary types of arc welding electrodes coated manual e
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