Lmy: 3 pages mgt class
The report concerns Lincoln Electric, which we have had previous exposure to already. The link to it is included in the email but you can also find the report, along with questions, in the attachment. Basically, you will need to address the following two questions:
1. Find all the labor management practices mentioned in the report, and discuss how they complement each other (i.e., how one’s shortcoming is covered by another, or how use of two practices results in greater total benefit than simple aggregation of them, that is, 1+1>2). You can just pick 2 or 3 of them for illustrative purposes. No need to discuss every policy/practice.
2. Why couldn’t other companies in the same industry copy these practices? You may suggest that practices are complementary to each other so an imitator may need to copy all, not just one or two, practices. But then the question remains: why can’t say just copy all practices? What might be some factors that impede imitation?
Link to the report (https://www.nytimes.com/1984/01/15/business/the-way-that-works-at-lincoln.html)
Please submit a single-spaced write-up (Times New Roman 12pt), with no more than two-pages in total length (so, no more than one piece of paper).