lmy: 3 pages mgt class

The Lincoln brothers came up with the theory of strategic complementarily which they argued to be made more globally and institutionally dependent. They highlighted that in complimenting each other, managerial practices could be implemented. Variables complement one another to ensure the success of the company. Without one the other will not be as effective as it is supposed to be. Therefore, it is very important to make sure that the complimenting variables always complement each other in a positive manner. However, these practices varied according to the environment surrounding an institution. These practices are as discussed below.

The human resource and incentive system complimented one another setting up a system of performance-based rewards. The view of the Lincoln brothers was that with the right incentives provided the society can be classless if capitalism was embraced. The employees at the Lincoln Electric firm were therefore encouraged to be innovative and open minded. Performance and incentives thereby complimented one another. For the incentive system to work trust between the top management was considered a key ingredient. People are being motivated to work so as to receive rewards, in return contributes to high productions. However, lack of motivation on the part of employees could see the volumes in production drop to undesirable amounts. Rewards based on performance have been effective in most institutions since people enjoy the rewards that come with performance of their duties. The workers have the opportunity to give their opinions which they deem useful in the success of the business. Employees feel important as they are given equal opportunities to facilitate innovations in the company. With a company where people are satisfied with how they are treated success is sure. Employees in Lincoln electronics were encouraged to be their own managers which in a way contributed to people enjoying what they were doing at the company.

In the product and design strategy expanded in the number of products it offered and variegated production of these products across multiple available technologies for production. The company can be said that it went modern in this case. It is therefore correct to argue that the design of the product and its production complemented each other in a great way such that a company thrives if the two are in harmony. Improvements in the production technology contributed to the increase in the number of products that were produced per unit. An increase in the volume of production on the other hand called for improvements in the production technology to increase the volumes produced per unit.

The company prides itself in quality goods and services. In pursuit of this objective technology was implemented in production. Technology and quality products were thereby complimenting one another. Important to make sure is that the complimenting variables always complement each other in a positive manner. In this case technology and production are intertwined as they go hand in hand. Advanced technologies contribute to the mass production of good which will lead to increased sales and profit margins at the end of the day. The issue of sustaining a business is very paramount in any business setting. With the inception of these complimenting managerial strategies businesses are protected.

In the quest to find welding solutions Lincoln produced both consumables and their producing equipment. The process to produce greatly improved due to the combination of the products and their equipment of production. In this way customer process problems were solved by just being able to combine the two variables. Providing consumers with a pool of options to choose from is important. Consumers can either choose to have the products or the means of production so as to make the production by themselves.

Other institutions could not easily copy the strategies by Lincoln since first imitation requires a vast of competencies. One needs to restructure products and the process of production if they want to imitate a strategy wholly. This could prove to be a costly endeavor thus institutions choose to operate by their own strategies. It is obvious trying to imitate Lincolns strategies could be a costly endeavor as the products that have been developed by the company are cannot be substituted in any case. Thereby trying to imitate the strategies is just like fighting an already lost battle.

When the company itself tried to implement their own strategies in branches of the same company situated in different environments failures were met. It is therefore unlikely that any other institutions will succeed in implementing the same strategies since they are operated purely under different management environments. This means that the strategies cannot be best implemented by managers who have no knowledge about the strategies but are merely copying what they have seen other companies do. Therefore, lack of competencies that can be matched with the original company is attributed to the limitations that have contributed to the limited imitations of strategies.

Feedback: My suggestion would be to substantially shorten the first part of the writing. It is unnecessary to introduce LE's background or history. It would be great to discuss in greater depth why other firms can have trouble imitating.