Assignment:
Topic: Productivity and Competition
Instructions:
Step 1: Watch 2 videos. The first part is 9:33 and the second is 5:48.
Step 2: Answer the questions below in a Word document. You may discuss together, but your work should be your own or will earn a zero.
https://www.youtube.com/watch?v=EftYWQOs_cU
https://www.youtube.com/watch?v=H8gioKjrFwk&NR=1
(1) What makes this company unique? (HINT: Not the product)
(2) What is the three part Lincoln System? (HINT: How are layoffs prevented? What motivates workers?)
(3) How does self-interest figure in to the Lincoln System?
(4) How is the company able to increase productivity?
(5) Describe competition within the company and competition outside the company. (HINT: On the last point, think about international competition)
Company Website: https://www.lincolnelectric.com/en-us/Pages/default.aspx