According to the case, Lincoln Electric was a company that mainly manufactured welding machinery and consumables based in the United States but the lifting of trade barriers case prompted the management to contemplate on an expansion strategy to expand its production base internationally. The management was in view of establishing plants in Asia through joint ventures or as wholly-owned firms and whether regarding Lincoln Electric company depicts a situation where the adopts the firms incentive system in its new ventures. The company operated on the founding philosophy in which James believed that each person could transform to its full ...
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Lincoln Electric should expand to India. The company will be able to exploit the high demand for welding products in India to increase and diversify its revenues. India provides a conducive environment for conduction and growing the company’s business. The country is politically stable and has not had any political crisis in the past decades (Organization For Economic Cooperation And Development.). Besides, the country has eliminated some bureaucracies that existed in the past governments. The country also enjoys economic stability. The Indian economy has had an average annual growth rate of 6% since the fiscal year 1990-91 (Organization ...
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