Preparation:
- Read: Lincoln Electric (Anthony, on reserve in DLAM)
- What is piece rate?
- Why does piece rate work for Lincoln?
- Browse: Lincoln Electric’s site Company Site
- Review: Lincoln Electric’s financial health (Traded as LECO on NASDAQ)
- Read: 3M (Anthony, on reserve in DLAM)
- Review their 5 year financial health (Traded as MMM on NYSE)
Come to class prepared to discuss the two MCS’s and metrics of these two companies.