Problem: Lincoln Electric
• Put yourself in CEO John Stropki's shoes, should Lincoln Electric expand into India by investing in a major production facility there?
• If you were to expand into India, would you enter through acquisitions, a greenfield site, or some type of joint venture? Which factors would inform your decision among these entry mode choices?
• In which countries is Lincoln Electric likely to be mostly successful or least successful? Why? How would this guide your own choice of where to place Lincoln Electric's production facilities abroad?
• When Lincoln Electric goes to India and other countries, what factor should determine how much it adapts its core incentive pay-for- performance management practices to local labor market norms? Should Lincoln Electric follow the adage "when in Rome, does as the Romans do," or should it seek to always replicate the recipe behind its success in the home plant in Cleveland?