Soundview Executive Book Summaries


A Spark of Workplace Light

In the current economic climate, the idea of a guaranteed job seems like an implausible concept. However, there is one company who has delivered on its promise of continuous employment for decades. If you checked out ABC News online over the weekend, you may have seen the profile of Lincoln Electric. The Cleveland-based company builds arc welders and is a survivor in a region where industry has expanded and compacted over the last 30 years. How the company has managed to make this possible is an interesting story. The dedication and drive of the family that founded Lincoln Electric helped separate the company from its competitors and provide it a very unique position in the corporate landscape. Lincoln has endured changes in leadership, eras of profit and recession and, believe it or not, the administrations of 21 U.S. Presidents.

The company’s commitment to not lay off workers, even during times of economic turbulence, means that it’s been forced to find creative solutions to budget issues. Lincoln does not rely on the common practice of increasing reducing one’s budget expenditures by decreasing staff. The ABC News story references a few quotes by Frank Koller, the author of Spark: Lessons from Lincoln Electric’s Unique Guaranteed Employment Program. Koller’s book provides a great history of Lincoln Electric and the company’s commitment to the ideas of its founders. The book also reveals some of the details about how Lincoln Electric has been able to make guaranteed employment an ongoing policy.

Sounds like a good read, doesn’t it? Well, I’ve got good news. Soundview just debuted our summary of Spark, and it’s now available for you! Click on this link to head over to Summary.com and learn more about this great new release.

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