Spark

Spark While factories across the Midwest shutter their doors Cleveland based manufacturer Lincoln Electric has thrived for than a century In addition to being profitable and technologically innovative thr

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  • Title: Spark
  • Author: Frank Koller
  • ISBN: null
  • Page: 251
  • Format: Hardcover
  • While factories across the Midwest shutter their doors, Cleveland based manufacturer Lincoln Electric has thrived for than a century In addition to being profitable and technologically innovative, through good times and bad, the company has fulfilled its unique promise of guaranteed continuous employment Workers are viewed as assets not liabilities Through flexibWhile factories across the Midwest shutter their doors, Cleveland based manufacturer Lincoln Electric has thrived for than a century In addition to being profitable and technologically innovative, through good times and bad, the company has fulfilled its unique promise of guaranteed continuous employment Workers are viewed as assets not liabilities Through flexible hours and job assignments, as well as a merit based bonus system, Lincoln Electric s employment policies have proven healthy for the company s bottom line its employees and its shareholders.In Spark, veteran journalist Frank Koller tells the story of how this unusual and profitable Fortune 1000 multinational company challenges the conventional wisdom shaping modern management s view of the workplace Through insightful storytelling and extensive interviews with executives, workers, and leading business thinkers, Koller uses the Lincoln Electric example to illustrate how job security can inspire powerful growth and prosperity in our communities.

    One thought on “Spark”

    1. Spark is a business case study based on Lincoln Electric, an industrial welding firm that has been around for more than a hundred years. The interesting feature of Lincoln Electric is its incredible commitment to worker empowerment. The story is, roughly, as follows: At the turn of the century, the rise of organized labor was finally starting to get what it wanted from businesses. The brothers who founded Lincoln Electric were both confessing Christians who believed that employees deserved a fai [...]

    2. A thoughtful and nuanced treatment of one of America's oldest and most inspiring companies. Koller does justice to a company that stands in stark contrast to the know-nothing layoff culture rife in corporate America more interested in personal outcomes and appeasing analysts than providing real leadership and thinking independently of the herd. To his credit, Koller manages to praise Lincoln without being uncritical.Founded in 1895, Lincoln Electric is the world's largest manufacturer of welding [...]

    3. It teaches some good lessons, but the writing is absolutely terrible. It feels like he repeats the same factoids over and over again, along with spouting little blurbs from the same handful of interviews repeatedly. Again, there are great business lessons to be learned here, but you have to fight the boring writing style to really get to the heart of what the book is trying to tell you.

    4. A post-recession jeremiad exploring the mechanics of Lincoln Electric's legendary no-layoffs policy while wistfully musing whether guaranteed employment programs could be rolled out more broadly throughout corporate America. Flawed by the author's utter neglect of the "Kurzarbeit" programs that stabilized the German labor market in the aftermath of the Global Financial Crisis.

    5. Spark: How Old-Fashioned Values Drive a Twenty-First-Century Corporation: Lessons from Lincoln Electric's Unique Guaranteed Employment Program by Frank Koller was chosen by Soundview Executive Book Summaries as one of the Top 30 Business Books of 2010.

    6. An intriguing study of a profitable manufacturing company in Cleveland that has had a no-lay off policy since 1958 and its resulting impact on maintaining a multi-generational community fabric. Worth a read as a business study and a bit of unexplored sociological territory.

    7. Great history of Cleveland-based welding manufacturer Lincoln Electric and its unique management practices that include guaranteed employment and annual bonuses.

    8. Interesting look at a unique business philosophy. It made me question why such practices aren't more widespread.

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