...History The Fortune 500 Company chosen for this paper is the Lockheed Martin Corporation. Lockheed Martin is a global securities and information technology company headquartered in Bethesda, MD. Lockheed Martin employs roughly 126,000 people in several facilities throughout the world. The company's main business is in research, design, development, manufacturing, integration and sustainment of advanced technology systems, products and services. Lockheed consists of four operating units, or business areas, which consist of Aeronautics, Electronic Systems, Information Systems and Global Solutions, and Space Systems (LMC, 2011). Lockheed Martin Corporation was created in 1995 from a merger of two major global technology companies, Lockheed Corporation and Martin Marietta Corporation (LMC, 2011). Lockheed Corporation first began in 1912 when two brothers, Allan and Malcolm Loughead, created the Alco Hydro-Aeroplane Company to manufacture a floatplane. In 1916, the brothers used their own profits to buy out the other investors and organized the Loughead Aircraft Manufacturing Company. In 1921, the company was liquidated because of poor sales. Allan Loughead returned in 1926 to create the Lockheed Aircraft Company, which began to be much more successful. Lockheed is the matching pronunciation of Loughead and used instead (Weiss & Amir, 2009). The Martin Marietta Corporation also had its beginnings in 1912 when Glenn L. Martin, an aviation pioneer, created the company to manufacture...
Words: 3407 - Pages: 14
...Logistics Fortune 500 Company Florida Institute of Technology Being promoted to the head of a Fortune 500 Logistics company is a great accomplishment for anyone to achieve. However, with such a great position, sometimes comes with unwanted baggage that must be cleaned up, in order to keep the company competitive and most importantly to keep it from closing. Several areas have been bought to my attention that must be addressed and corrected immediately. It’s a sad but true that employees of just about every business, will occasionally encounter team members who are taking part in unethical behaviors and are not loyal to their organization, which can plague any workplace. Such unethical and loyalty behaviors include a wide variety of different activities. Among the most are employees making long-distance call on the business line, duplicating software for use at home, falsifying the number of hours worked or much more serious and illegal practices, such as embezzling money from the business or falsifying business records. The thing that makes unethical/loyalty problems difficult to deal with is that they involve making value judgments. Change can be unsettling and very difficult, so I must ensure that the employees can cope effectively, again, this is a serious task that must be addressed and resolved in a timely manner. What action should I take to correct this behavior? My first step is to create a company policy, in writing, that is read and signed be each employee...
Words: 1489 - Pages: 6
...Standards and expectations for leaders in many organizations are different for women than men. Why does it seem so difficult for women to advance to high-level leadership positions and have the same opportunities as men? Why is it so uncommon for a woman to be CEO? Are women compensated equally for doing the same job as their male counterparts? If a woman is older than 40 does she have as many opportunities as men the same age? Is there still gender discrimination occurring in the workplace? These are all questions to ponder, even now in the year 2011. There is much information available on women leaders and the impact they are having on the top ‘Fortune’ 1000 companies. The information is varied and there are some mixed messages about whether women are treated equal to their male counterparts and making progress. It does seem that diversity in the workplace is becoming more the norm and creating a shift to allow women more opportunities to develop their leadership skills and to compete for higher-level positions. Historically male dominated industries such as Engineering and Information Technology seem to be seeing more women managers. I believe that corporations that have diversity have more innovation and are more efficient as a result, so they should be more profitable. One of the top leading non-profit organizations is Catalyst, it was established in 1962 by Felice Schwartz to promote diversity and inclusion for women in the workplace (Wikipedia). According to the...
Words: 2262 - Pages: 10
...MKTG305-06 Marketing Management Abstract Wal-Mart is a Fortune 500 international country with 5,651 stores in 26 countries. Wal-Mart is located in different countries, possibly under a different name. This paper will discuss the four Ps of marketing and any differences observed in making this company international. Wal-Mart Wal-Mart is a Fortune 500 international business. Wal-Mart employs 780,000 associates in 5,651 stores in 26 countries. The main corporate office of Wal-Mart is in Bentonville, Arkansas. Wal-Mart first opened in Rogers, Ark in 1962. The idea of discount retailing was not new, but Sam Walton, the founder, wanted a new type of store. To only name four countries in which Wal-Mart stores can be found Argentina, Honduras, South Africa, and Swaziland, but they may be seen under a different name in each country. In Argentina, Wal-Mart may be known as Changomas. In Honduras, Wal-Mart may be seen as Centroamérica. In South Africa, Wal-Mart may be seen as Massmart. In Swaziland, Wal-Mart may be seen as Massmart (Wal-Mart, 2012). The Four P Components of the Marketing Mix were Product, Place, Promotion, and Price. The product is the items or services the company sales. The place is the location of the company. The promotion is the ads used to sale the products or service to the customers. The price is the amount of money that the customers are willing to pay for the product or service while the company can still make money. The Evolution of Marketing Management...
Words: 1264 - Pages: 6
...“THE FORTUNE 500” The Fortune 500 is an annual list compiled and published by Fortune magazine that ranks the top 500 U.S. closely held and public corporations as ranked by their gross revenue after adjustments made by Fortune to exclude the impact of excise taxes companies incur. The list includes publicly and privately held companies for which revenues are publicly available. The first Fortune 500 list was published in 1955. 1) Walmart, is an American multinational retail corporation that runs chains of large discount department stores and warehouse stores. The company is the world's third largest public corporation, according to the Fortune Global 500 list in 2012, the biggest private employer in the world with over two million employees, and is the largest retailer in the world. Walmart remains a family-owned business, as the company is controlled by the Walton family, who own a 48 percent stake in Walmart. It is also one of the world's most valuable companies. Headquarters: Bentonville, Ark. Revenue: $469.2 billion Profit: $16.9 billion 2013 rank: 1 Wal-Mart and ExxonMobil have traded the top spot back and forth several times, but the world’s largest retailer comes out on top this time despite a year rife with controversy: It faces accusation that its Mexican subsidiary bribed government officials in order to expand locations there, and the probe has since expanded to Brazil, India, and China. Nevertheless, the retailer operates a multinational empire, with 10...
Words: 783 - Pages: 4
...Company Profile Stryker Corporation, together with its subsidiaries, operates as a medical technology company. The company operates in three segments: Reconstructive, MedSurg, and Neurotechnology and Spine. The Reconstructive segment offers orthopaedic reconstructive (hip and knee) and trauma implant systems, as well as other related products. The MedSurg segment provides surgical equipment and surgical navigation systems, endoscopic and communications systems, patient handling and emergency medical equipment, reprocessed and remanufactured medical devices, and other medical device products. The Neurotechnology and Spine segment includes neurovascular products, spinal implant systems, and other related products. The company sells its products through local dealers and direct sales force to doctors, hospitals, and other healthcare facilities, as well as through third-party dealers and distributors primarily in the United States, Ireland, Germany, France, Switzerland, the United Kingdom, Japan, Canada, the Pacific region, and Latin America. Stryker Corporation was founded in 1941 and is headquartered in Kalamazoo, Michigan. Stryker Corporation is a leading maker of specialty surgical and medical product based in Kalamazoo, Michigan. although not yet the household name, Stryker is one of the most consistent profitable growth company in America. In 2003, Stryker posted record sales of 3.6 Billion. After John Brown became chairman in 1977, Stryker achieved 20 percent or more annual...
Words: 422 - Pages: 2
...and bonuses. As a nationwide median and not specific to my location it still indicates that at least 50% make more than $96,000 and the other 50% make less. (DeVincenzo, 2006) Further research regarding IT Project Managers seems to reveal some question regarding earnings and certification, do IT Project Manager need additional education and certification in order to make more money and leapfrog to higher paying positions? According to a study done by CIO.com they believe certifications is the only way an IT PM will first, get hired and second, be considered for the higher salary ranges. The survey found that more and more CIO’s believe that certifications are important and valuable for a project manager to obtain. They also found companies seeking project managers, added the requirement for PMI certification as part of the application process had grown by 10% in a five year span. (Levinson, 2010) In searching Monster.com for project management (internet technology) positions in my immediate area, 18 position are currently open within a 50 mile radius. Many of the positions did not list...
Words: 1109 - Pages: 5
...Wal-Mart’s growth from a single retail store in 1962 to 3,372 stores as of 2006; is owed to the visionary and founder of Wal-Mart, Sam Walton (608,611.) To better understand the mentality of Wal-Mart in its current state of questionable staffing and pay you first have to understand how this company originated. As Olsson explains it Walton who constantly looked for ways to maximize profit and minimize expenses based his business on a fairly simple yet successful business model. That model being one in which high sales volume at lower prices generates greater profit margins. Walton’s frugality extended beyond just the selling of goods and making profit. He looked for ways to keep overhead down, payroll down, and even the personal indulgences a CEO of company might typically have. Olsson paints this very image of Walton: “The company grew, in no small part, by . . . frugality—a habit that started with Sam Walton himself, who drove an old pickup truck and shared hotel rooms on company trips and insisted on keeping the headquarters . . . plain as possible” (611). As you can see from the infancy of the company to the maturation of Wal-Mart frugality has been ingrained into the psyche of the company. With this mindset one can understand now how a way of life...
Words: 1167 - Pages: 5
...underperform the S&P 500 and CBG will outperform the S&P 500. I believe that CBG will outperform the S&P 500 in the coming fiscal year based on the firm’s strong background, prior history, and comparative advantage. I believe that FIT will underperform the S&P 500 in the coming fiscal year due to its recent stock decline, lack of innovation, and the credibility of its well-known competitors. CB Richard Ellis Group Inc., or simply CBRE, is a worldwide real estate services & investment firm that serves real estate owners, investors, and occupiers throughout the world. In short, CBRE offers strategic and execution advice for a multitude of real estate properties and investments. According to CBRE’s website, “CBRE consists of 70,000 professionals whom provide outcomes for clients in 60+ countries”, based off this information it is clear that CBRE is an enormous firm that is continually expanding and improving. According to CBRE’s official website it had substantial revenues of around $10.9 billion. Based on the company’s recent history it’s quite evident that CBRE is one of the most dominant firms in its field for numerous reasons. For one, its size, CBRE Group, Inc. is the world’s largest commercial and real estate services and investment firms. Not only is this firms size quite impressive but its history is as well. CBRE has been a part of the fortune 500 since 2008 and for the past 15 consecutive years has been voted industry’s top brand by Lipsey Company. If that’s not impressive...
Words: 1897 - Pages: 8
...Sexism in the American Workplace Coleman Kramer Soci 217 Section 002 Professor Babchuck April 21, 2014 Introduction The passing of the 19th Amendment is one of the most important pieces of legislation passed for the woman’s right movement as it guaranteed women the right to vote. In many people’s minds, this meant that men and women were considered equal because it gave women a voice that was previously unheard. While this was a monumental leap in creating gender equality, it did very little to eliminate sexism in America. Great stride shave been made in the last century to give woman the same opportunity’s as men, I will argue that we still live in a country that discriminates on the basis of ones gender. One of the most common offenders of sexism is the American workplace. The Mad Men era of ass grabbing and over the top sexual harassment may be over, but sexism in the workplace is still very much alive. There is an enormous lack of females in high-level management positions, a wage gap that shows women make less then men in comparable jobs, and women are more often then not subjected to more cases of sexual harassment. In a country that prides itself for its belief that everyone is equal, the facts about sexism tell a completely different story. The Facts One of the most unknown problems in regards to sexism in the workplace has to do with the gap between how much women earn compared to men. Women make up just fewer than 50 percent of the labor force in the...
Words: 2628 - Pages: 11
...Lowe’s Home Improvement When choosing a retailer to research, I started to research the top retailers of fortune 500 retailers of 2012. The top 10 retailers included in Costco, Home Depot, Best Buy, Lowe’s, Staples, Toys r Us, Office Depot, GameStop, Bed Bath & Beyond and Auto Zone (CNN Money). I, occasionally, shop all of these retailers but was shocked to see a few of these on the list of the top 10. I was defiantly surprised at Costco being #1 on the list in revenues. I am defiantly aware of what Home Depot is doing because of working for Lowe’s. I have done many reports on retailers over the last 5 years I have been in school but have never done a report on Lowe’s. I have done Home Depot before but never have given Lowe’s a spot to shine. I have seen, and happy to be a part, an amazing transformation over the last few years of where they are trying to take the company and feel that I would be proud to write a report on the #4 top retail of 2012. Finding Lowe’s on the list was not shocking but I was not aware of them being #4. I am proud of what they have accomplished in recent years and feel like they will climb up this list and remain a strong company on the overall fortune 500 list. Lowe’s has done many changes over the last few years in the way of marketing, social media and customer service. They have done a complete overhaul of how they worked and operated since I have been a part of their team since 2003. Social media has been a huge focus over the 3 last year. Lowes...
Words: 399 - Pages: 2
...Organizational Planning Mario S Surla MGT/521 April 9, 2014 Donald Ratliff Organizational Planning Wal-Mart is an American multinational retail corporation and the top retail store with the lowest prices in the world. It is the biggest private employer and the largest public corporation with over two million employees worldwide. There are approximately 245 million customers and members that visit Wal-Mart each week, globally. It has stores in 27 countries and sales in 2013 were $466 billion. Wal-Mart’s mission statement of having the lowest prices is consistent with controlling cost, innovation and continuous improvement (Fortune 500, 2014). One of the strategic plans of Wal-Mart is to bring back “Made in America” products (“Time”, 2014). One of the reasons for having low prices is because Wal-Mart’s global out-sourcing. Goods and products that are made and bought overseas are cheaper. However, higher and increasing shipping costs, high global oil prices and wages overseas, translated to costlier fuel for ships and airplanes. There are also supply interruptions overseas as the middle class is growing and local demands are increasing in developing countries. This prompted Wal-Mart to re-evaluate its sourcing ways on variety of products. As you know, Wal-Mart does not produce goods or products but this giant retailer is playing a part in the manufacturing rebound in the U.S. It promised to buy $50 billion of U.S. goods over the next 10 years...
Words: 906 - Pages: 4
...their overall market share. Though there is not a true competitor to Angie’s List, there is still market penetration within its current markets. With its current market base of 600,000 paying customers, there is still ample room of growth both within its current markets and any new markets. Potential Market When meeting with Angie’s List, they were able to help us define what the typical customer’s characteristics are. After looking through their website, you are able to see those characteristics through some of their marketing plans. A typical customer at Angie’s List is a homeowner, well-educated, has children and earns more than $100k in income. Those four main characteristics are very important for the growth at Angie’s List. With the company offering so many different types of services, the most frequent type of service would be those found around the household. A couple of different examples would include home contractors for home additions, lawn services, painters, and the list goes on and on. Many homeowner’s like to see personal reviews from other homeowner’s that have had both a positive and negative experience. I believe that the most important characteristic for Angie’s List is the household that earns more than $100k in income. The customer is more likely to pay the annual fees and pay for a higher quality of service. The chart below shows the income distribution of household’s in the United States. I believe this chart is very important as the number of...
Words: 1321 - Pages: 6
...Running head: XEROX COMPANY Xerox Company Human resource professionals can ensure that top organizational leaders encourage managers and employees to follow laws and guidelines in the following ways: Human Resources professionals should make sure top organizational leaders and management are aware of major laws such as the Age Discrimination in Employment Act, the Americans with Disabilities Act, the Equal Pay Act and the Family and Medical Leave Act. HR should also encourage these organizational leaders to better understand the legal and safety issues associated with the company. In addition, technology plays a major role in Human resources. There are legal issues associated with email usage as well as internet use and organizational leaders need to be aware of these issues. The Occupational Safety and Health Administration (OSHA) requires employees to keep records of safety practices and incidents. Companies must have records of the information they provide to teach employees of possible health concern and dangers present in the work place. The HR professional should ensure that sexual harassment guidelines, laws and prevention methods are presented and understood by the organizational leaders. The Xerox Company is on the Fortune 500 global document management company that was founded in 1906. It launched an aggressive turnaround plan that returned the company to full-year profitability, along with decreasing debt, increasing cash, and continuing to invest...
Words: 814 - Pages: 4
...major career setback - that made it work. The results: indisputable. A 'visionary' is how he is most often described in relation to Apple, the company he founded with high school buddy Steve Wozniak in 1976, was effectively fired from in 1985, and then returned to in 1997 with a renewed sense of purpose. And what a triumphant return it was. According the LA Times, the market value of Apple's shares has grown from about $US5 billion in 2000 to $US351 billion today making it one of the biggest publicly listed companies in the US, up there with the likes of Exxon Mobil. Dr Brent Coker from the University of Melbourne's management and marketing faculty describes Jobs as “one of the greatest business strategists of all times”. “There are a lot of people out there claiming to be futurists,” Dr Coker said. “Most of them are keynote speakers or public speakers - it is rare to have a futurist that demonstrated his ability to almost predict the future in a real live business setting.” But Jobs's rise to the top was hardly textbook perfect. A university dropout, he worked at Atari and travelled through India before seeing a commercial opportunity in the computer (the original Apple I) Wozniak had built to impress some friends. They started the company with an investment of $US1300 of their own money, making it into the Fortune 500 list by 1983. That year Jobs recruited former Pepsi executive John Sculley to take the chief executive position, only to be stripped of all his...
Words: 988 - Pages: 4
