Joseph A. Maciariello

Lasting Value

Lessons from a Century of Agility at Lincoln Electric

• Gebundenes Buch

Produktbeschreibung

Lincoln Electric - ein internationales Unternehmen mit einem Wert von 1Mrd. US Dollar - stand über ein Jahrhundert an der Weltspitze der Hersteller von Industrieelektronik. Dieses Buch analysiert, warum Lincoln Electric so erfolgreich war und wie sein Beispiel eine Reihe anderer Unternehmen (z.B. Nucor) inspiriert hat. Ein tiefgehende, fundierte Analyse, bei der sich der Autor auf Insiderinformationen sowohl über das Unternehmen als auch die Lincoln-Familie stützen konnte. Eine interessante und lehrreiche Lektüre für alle Führungskräfte.

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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 40% of 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 this system, 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
Daewoo Professor 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

Produktdetails

• Verlag: Wiley & Sons
• 1. Auflage
• Seitenzahl: 240
• Erscheinungstermin: 7. Dezember 1999
• Englisch
• Abmessung: 235mm x 157mm x 20mm
• Gewicht: 528g
• ISBN-13: 9780471330257
• ISBN-10: 0471330256
• Artikelnr.: 22212919

Autorenporträt

Joseph A. Maciariello is Horton Professor of Management at Claremont Graduate University and Claremont McKenna College. He has extensive experience as a professor, author, and consultant. His primary areas of work are the design of management systems, project management, controllership, and benefit-cost analysis.

Inhaltsangabe

Lincoln Electric: The Company, Its Operations, and Its Values. Management
Systems: Management Style and Philosophy. Management Systems:
Infrastructure, Coordination, and Integration. Management Systems: Rewards
and Recognition. Planning, Resource Allocation, and Reporting. Agility and
Adaptability at Lincoln Electric. Management Systems Dynamics and
Stakeholder Management at Lincoln. Transplanting Lincoln's Culture and
Systems Abroad: Sucess and Failure. Does Lincoln Electric Offer U.S.
Companies Lessons of Lasting Value? Nucor Corporation. Worthington
Industries. Lessons from Lincoln Electric and Nucor Corporation. Lasting
Value: Incentive Management as Cradled by the Culture and Management
Systems at Lincoln Electric. Index.