MAN 320F Lecture Notes - Lecture 10: Permanent Employment, Process Engineering
Document Summary
During the war they decided to share all their secrets with other manufacturers in order to make them more efficient. Lincoln believes it is for one reason: they encourage individual performance and pay very well for it. Do we need to speculate as to whether their approach might work. Sales and profit chart over the past 25 years. Convinced that their approach to organization and motivation works for employees. Their policies are clear, transparent and explicit. Policies are consistent both with each other and with their product-market strategy (increase value to customer, decrease cost) Executives seem to live by exactly the same rules. Executives work as hard as the worker. Marketing, product engineering and process engineering in product design. Efforts to reduce distinctions between management and workers. Life-time employment allows accumulation of experience and knowledge. Minimization of conflict because all share the goal of high profits and high bonuses.
