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Dr. Iris Berdrow. Bentley College, Harvard Summer School. Monday July 30 th Agenda. Hand In Briefs Check In Lincoln Electric Review last week Facilitators & Barriers to Innovation Leadership Organizational Culture Wrap Up Group reps see Mike Harrison. Lincoln Electric.

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Dr iris berdrow

Dr. Iris Berdrow

Bentley College, Harvard Summer School


Monday july 30 th agenda
Monday July 30th Agenda

  • Hand In Briefs

  • Check In

  • Lincoln Electric

  • Review last week

  • Facilitators & Barriers to Innovation

    • Leadership

    • Organizational Culture

  • Wrap Up

  • Group reps see Mike Harrison


Lincoln electric
Lincoln Electric

  • Group discussion of questions

  • Why has Lincoln electric been so consistently successful?

  • Why has Lincoln's system worked so well in some locations, but not others?

  • What is the difference between incentives and motivation?

  • What should Lincoln do in Indonesia? Why?


What is the main issue
What is the main issue?

  • Should Mike Gillespie, President of Lincoln Electric’s Asia Region, invest in a new factory in Indonesia.

  • Should he consider transferring Lincoln’s unique incentive system of management to such an operation.


What are the elements of lincoln electric s unique incentive system
What are the elements of Lincoln Electric’s unique incentive system?

  • Piecework

  • Bonuses

  • Guaranteed employment


What is lincoln s international expansion history and experience
What is Lincoln’s international expansion history and experience?

  • Up to 1986: United States, Canada, Australia & France; successful ventures.

  • 1986 to 1992: Japan, Germany, Ireland, Italy, Netherlands, Norway, Spain, UK, Brazil, Mexico, Venezuela.

  • 1993 – 1994: Close Japan, Germany, Brazil & Venezuela due to poor performance.

  • 1996: New CEO, new expansion strategy – Latin America and Asia.


Discussion
Discussion experience?

  • Why has Lincoln electric been so consistently successful?

  • Why has system worked well in some locations but not others?

  • What is the difference between incentives and motivation?

  • What should Lincoln do in Indonesia? Why?


Key points
Key Points experience?

  • Direct labor represents a small percentage of manufacturing cost. Approximately 70% of manufacturing cost is materials (commodity steel products) over which Lincoln has little control.

  • Incentive system drives front-line workers to look for entrepreneurial innovations that can leverage equipment and operating processes. They operate standard machines at 2-3 times manufacturer’s rated capacity and develop own proprietary equipment. Therefore, knowledge and skill is a key competitive advantage.




Success depends not so much on the external, cultural and political environment as on the ability to recruit individuals who fit the company’s values and system.


Last week in summary
Last Week in summary political environment as on the ability to recruit

Regulatory

Economic

Political

Social

Cultural

MARKET

Innovating

Innovation

Competitive advantage

ORGANIZATION

COMPETITION

Return via the market

CONTEXT


Today s readings
Today’s Readings: political environment as on the ability to recruit

  • Freeing Managers to Innovate. Bellmann & Schaffer

  • The failure tolerant leader. Farson & Keyes.

  • How to Kill Creativity. Amabile.

  • Inspiring Innovation. Wynette.

  • Coaching innovation: an interview with Intuit's Bill Campbell. Mendonca & Sneader.

  • Infusing innovation into corporate culture. Price.


Facilitators of innovation

Leadership political environment as on the ability to recruit

Vision

Champion

Tolerance for failure

People

Values

Norms

Skills & Competencies

Management Practices

Knowledge

Capture

Creation

Disemination

Slack Resources

Financial

Time

Space

Facilitators of Innovation


Barriers to innovation
Barriers to innovation political environment as on the ability to recruit

  • Mindset

    • Not-invented-here vs. Nothing-is-invented-here

  • Shortage of resources

  • High internal barriers

    • Organizational bureaucracy

  • Lack of motivation


What did we learn
What did we learn? political environment as on the ability to recruit

  • Model of Week 1

  • Lincoln Electric Lessons

  • Facilitators & Barriers to innovation

  • Group Reps meet with Mike Harrison


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