Spark: How Old-fashioned Values Drive a Twenty-first Century Corporation - Lessons from Lincoln Electric's Unique Guaranteed Employment Program - Hardcover

Koller, Frank

Hardcover

ISBN 10: 1586487957 ISBN 13: 9781586487959

Publisher: PublicAffairs,U.S., 2010

Synopsis

While factories across the Midwest shutter their doors, Cleveland-based manufacturer Lincoln Electric has thrived for more 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 assetsnot liabilities. Through flexible hours and job assignments, as well as a merit-based bonus system, Lincoln Electrics employment policies have proven healthy for the companys 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 managements 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.

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Review

Norman A. Berg, Professor of Business Administration, Harvard Business School "Frank Koller has done a remarkable job of presenting both an economic and a moral argument for the value to society of the unusual policies followed with great success by Lincoln Electric for over a hundred years. The book is excellent in both the historical overview and the numerous interviews with current and past employees. There is much that modern management can learn about the benefits to employees, customers, shareholders, and communities by examining the role of the 'old fashioned' culture of Lincoln Electric." Thomas A. Kochan, George M. Bunker Professor of Management and Co-Director, MIT Institute for Work and Employment Research "A timely book, well researched and well written. Business, labor, and government leaders would do well to read Spark as they search for more equitable and sustainable principles for rebuilding trust in management, and getting compensation once again growing in tandem with productivity and profits." Publishers Weekly "A fascinating glimpse into this remarkable yet, in many ways, ordinary organization, which survives, even thrives, in a sunset industry where overseas outsourcing is the norm.... Instructive and heartening, this book offers a proven model for companies that not only want healthy bottom lines but also satisfied, dedicated employees" Richard Freeman, Professor of Economics, Harvard University "In a time of recession, massive layoffs, and Wall Street bailouts, Spark tells the remarkable story of the better side of American capitalism: Lincoln Electric, the billion dollar manufacturer that succeeds by treating its employees the right way. This book should be required reading for everyone who wants to make the economy work for us all, from the President and his economic advisors to business leaders and employees everywhere." Harvard Business Review "A fascinating depiction of a rare human resource practice in a company with a long and hearty track record--food for thought for the rest of us." Wall Street Journal "Striking ... against the backdrop of the layoff mania that has claimed more than eight million American jobs since late 2007." Akron Beacon-Journal Norman A. Berg, Professor of Business Administration, Harvard Business School "Frank Koller has done a remarkable job of presenting both an economic and a moral argument for the value to society of the unusual policies followed with great success by Lincoln Electric for over a hundred years. The book is excellent in both the historical overview and the numerous interviews with current and past employees. There is much that modern management can learn about the benefits to employees, customers, shareholders, and communities by examining the role of the 'old fashioned' culture of Lincoln Electric." Thomas A. Kochan, George M. Bunker Professor of Management and Co-Director, MIT Institute for Work and Employment Research "A timely book, well researched and well written. Business, labor, and government leaders would do well to read "Spark" as they search for more equitable and sustainable principles for rebuilding trust in management, and getting compensation once again growing in tandem with productivity and profits." "Publishers Weekly" "A fascinating glimpse into this remarkable yet, in many ways, ordinary organization, which survives, even thrives, in a sunset industry where overseas outsourcing is the norm.... Instructive and heartening, this book offers a proven model for companies that not only want healthy bottom lines but also satisfied, dedicated employees" Richard Freeman, Professor of Economics, Harvard University "In a time of recession, massive layoffs, and Wall Street bailouts, "Spark" tells the remarkable story of the better side of American capitalism: Lincoln Electric, the billion dollar manufacturer that succeeds by treating its employees the right way. This book should be required reading for everyone who wants to make the economy work for us all, from the President and his economic advisors to business leaders and employees everywhere." "Harvard Business Review" "A fascinating depiction of a rare human resou

About the Author

Frank Koller covers the workplace for the Canadian Broadcasting Corporation. Over a twenty-seven-year career with CBC, he has worked and lived around the world as a foreign correspondent, including seven years in the United States. He holds a

About this edition

• Publisher: PublicAffairs,U.S.
• Publication date: 2010
• ISBN 10: 1586487957
• ISBN 13: 9781586487959
• Binding: Hardcover
• Number of pages: 272