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Essay

Lincoln Electric

Essay specific features

 

Issue:

Business

 

Written by:

Corey M

 

Date added:

October 16, 2014

 

Level:

University

 

Grade:

A

 

No of pages / words:

3 / 603

 

Was viewed:

8793 times

 

Rating of current essay:

 
Essay content:

This system worked great in the United States over the years, but it proved problematic in other countries, for various reasons. In countries such as Brazil and Germany, the incentive system could not work, mainly for the legal reasons; in Brazil any bonus paid for two consecutive years became a legal entitlement and in Germany piecework was illegal altogether...
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Other factors that have made its operations less successful (to say at least) in those countries were mainly cultural, as Brazilians and Germans proved to value different priorities, than for example, Ohioans. Forces such as union laws, low productivity, poor relationships with local businesses, local and inexperienced management, all led to a situation where Lincoln Electric was, for the first time in its over 100 year long history, losing money...
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General issues of this essay:
Adapting products for foreign markets Analysing Foreign Markets Case of Lincoln Electric Company Foreign Exchange Markets Now and Then Foreign Exchange Markets Summary Foreign Exchange Markets Summary Foreign Exchange Markets Foreign Exchange Markets Lincoln Electric Lincoln Electric The Lincoln Electric Company Foreign Exchange Markets Lincoln Electric Lincoln Electric Strategy Assignment : Lincoln Electric
 

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