...actions of Burbage and other lock heed managers exemplify the four fundamental functions of management ? Answer : Managers in all organizations engage in four basic functions. These functions are generally referred to as planning, organizing, leading and controlling. Planning: Planning is the first managerial function, is the process of determining the organization’s desired future position and deciding how to best to get there. In this case Lockheed martin decided its goal and outlining strategies for achieving those goals . Example: The goal of Lockheed martin is to design and make 6000 aircraft within 40 years the total value of these is 200 billion dollar . The main strategy of the managers of Lockheed martin was naming Burbage to head the program because he credits his time as a Navy test pilot. Improving relation with BAE and Northrup Grumman as a partner was another important strategy. Organizing: The second managerial function is organizing--the process of designing job, grouping jobs into manageable units, and establishing patterns of authority among jobs and groups of job. organizational function of The managers and Burbage of Lockheed martin was made the unheard of decision to grant Northrup and BAE a 30 parcent financial and strategic share in the program and by this decision they divide the job as well as establish a patter of authority among themselves. LLeading: Leading , the third managerial function, is the process of motivation members...
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...------------------------------------------------- 2086 Koala Way Ventura, CA 93003 805-377-2323 randypazen@yahoo.com A results-oriented Senior-level Leadership and Organizational Development professional with over 20 years experience, specializing in driving workforce engagement by aligning human capital strategies with business drivers and focusing on strategic outcomes. Skill sets include; instructional design, creative facilitation, program development, consulting and coaching for employees up to the vice president level. Security Clearance: Secret (Active) PROFESSIONAL EXPERIENCE Northrop Grumman Corporation, Electronic Systems, Woodland Hills, CA 06/2005 – Present Senior Leadership and Organizational Development Consultant Research, design and implement strategic leadership and professional development services and programs on multiple campuses. This includes strategic planning, employee engagement, critical needs and gap analysis, new leader assimilation, team-building, performance management, workforce planning, retention, and structured coaching with employees, managers, directors, and vice-presidents. * Manage all aspects of the role-based Front Line Leader training program. Curriculum consists of 9 targeted workshops (64 total hours) taught 3 times annually in multiple states over a 4 year period * Created a strategy which increased participant attendance rates by 60% over an 18 month period * Manage the professional development training program, introducing 26 new...
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... 6. Technology/Innovation 9 7. Product Characteristics 10 A. Government 10 B. Commercial Aircraft 10 8. Scale Economies 11 A. Internal 11 B. External 12 9. Experience Curve Effects 12 10. Capacity Utilization 13 11. Industry Profitability 13 SIX FORCES OF COMPETITION 14 1. Threat of New Entrants 14 2. Bargaining Power of Suppliers 16 3. Bargaining Power of Buyers 16 4. Threat of Substitute Products/Services 17 5. Intensity of Rivalry among Competitors 17 6. Relative Power of other Stakeholders-Unions 18 COMPETITIVE POSITION OF MAJOR AEROSPACE COMPANIES 18 COMPETITOR ANALYSIS OF MAJOR AEROSPACE COMPANIES 20 Boeing Co. 20 Lockheed Martin Corporation 21 Northrop Grumman Corporation 23 Raytheon Co. 24 Other Manufacturers 25 Airbus 25 United Technologies 26 KEY SUCCESS FACTORS 26 Reducing Costs 26 Maintaining Access to Foreign Markets 27 INDUSTRY PROSPECTS AND OVERALL ATTRACTIVENESS 29 Factors Making the Industry Attractive 29 Factors Making the Industry Unattractive 31 Special Industry Problems and Issues 32 Profit Outlook 33 “Micro Jet” Airplanes 33 CONCLUSION 35 Works Cited 37 Appendix A. Aircraft Information Fixed-Wing Aircraft 38 INTRODUCTION The accomplishments and advancements in the aerospace manufacturing industry over the last century since the Wright Brothers made their first...
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...must understand these environments and apply the knowledge to a strategy that will give the company a competitive advantage. The competitive advantage must be measured to fully understand how the strategy is being implemented and to what extent the strategy is creating a competitive advantage. Northrop Grumman (NG) uses environmental scanning to understand the market environment. This helps establish a strategy that will hopefully create a competitive advantage. Internal and external environmental scan Northrop Grumman’s internal environment is very strong. The company has positioned itself well to capitalize on the emerging trends in the national defense market place. Northrop has developed new technologies and internal infrastructure to sustain new business in the new technologies departments. NG is also strong in personnel, although there is a troubling trend emerging. NG has a long history of dedicated workers but has failed to retain or attract new talent. There is a growing gap between the experienced knowhow and the new employees. NG has a large gap in the middle of the workforce. The majority of the work force is either five years from retirement or has less than five years with the company. Therefore the “local knowledge” that is essential for continuing seamless operations as the older generation moves on is failing to be passed down to the newer generation of employees. NG has recognized this problem and has created work groups within most sectors of the company that...
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...commercial and military sales. The Boeing Company is the world’s largest within its industry of aerospace/defense products and services with over $90 billion in revenue at the end of 2014 (Boeing, 2015). Boeing is a top US exporter of goods and has customers in 150 countries (Boeing, 2015). Boeing is listed on the NYSE and compared to their top two competitors, Lockheed Martin and Northrup Grumman, Boeing has an operating cash flow of 7.83B while both competitors total 5.31B (Yahoo Finance, 2015). This is more than double the amount of their competitors. While Boeing clearly has a higher cash flow their profit margins are not as high as both competitors (Yahoo Finance, 2015). However, Boeing has been extremely profitable but not as profitable as recorded in 2012 (Yahoo Finance, 2015). Boeing also appears to be losing market share at the present time. A 52 week range has been 116.32-158.83 and the last day’s range has been 146.01-148.37 (Yahoo Financials, 2015). A thorough analysis will follow to compare Boeing with its major competitors as well as review Boeing’s financial data for the last 3 years to identify any noteworthy changes and to support recommendations. Since the early 1920s, Boeing has supported the military defense system by supporting manufacturing of military aircraft. While the defense budget is anticipated to increase by less than 2% by 2024, the US plans on investing into the C4ISR (Command, Control, Communications, Computers, Intelligence, Surveillance...
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...Business Case Analysis Wael M. Zaoud MGT 521 May 28, 2012 Clance Doelling MBA, BSME Business Case Analysis Executive Summary The third week assignment examines The Boeing Company (BA) strategic initiatives taken in relative to the organization and operation adaptation to the developing competitive environment. Boeing operates as a global company and facing tough competition recently from Airbus, Lockheed Martin, EADS, Northrop Grumman, etc. Politics, finance, economy, and resources (to name a few) impact the global market in which Boeing operates. As a result, Boeing needs to constantly evaluate its global strategy and the tactics it uses to capture the market and maintain growth. Economic Trends Recent global events, including regional political turmoil, natural disasters, and debt crises, have affected global economic growth. While global growth is expected to recover, the risk of persistent high oil prices and debt contagion could have lasting effects on the economy (The Boeing Company, n.d.). Economic growth also could be affected by slowing trade liberalization in some regions. Reduced liberalization could prolong the recovery period, affecting the demand for air travel and new airplanes. Though recent data indicates that the global economy continues to recover, the pace of the recovery in 2011 has moderated compared to 2010. High oil prices, natural disasters (Japan earthquake) and resulting consequences in a politically unrest Middle East area pose as primary...
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...M&A Challenges Communication and Information Sharing Companies merge and acquire one another for a variety of reasons but the success of an acquisition or merger is dependent, in part, on the involvement of human resources. According to Giffin and Schmidt (2002), one key way to increase the chance for a successful merger and acquisition is to have human resources involved in the process as early as possible. This is important since most of the 85% of mergers and acquisitions that have failed are due to employees unable to adjust to changes and key personnel leaving the company (Dugar, 2009). When an acquisition has taken place certain information is needed to manage the integration of the two companies and cultures. One goal during integration that is important to a successful acquisition is communication with employees. The amount of information communicated to employees should not inundate them but should be enough to satisfy their immediate questions. It is important for employees to know why the acquisition occurred, the benefits hoped to be gained and the goals to be reached. Additional information concerning the organizational or reporting structure and which functions will be eliminated, consolidated or created will be needed to manage communication. In a Johnson & Johnson study, it was found that information conveyed should be proactive and accurate while limited communication can cause low morale, confusion and low productivity (Schuler & Jackson...
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...United States exporter, the company supports airlines and United States and allied government customers in 150 countries. Boeing products and tailored services include commercial and military aircraft, satellites, weapons, electronic and defense systems, launch systems, advanced information and communication systems, and, performance-based logistics and training (Boeing, 2012). Boeing’s Background In the ever-changing business environment, organizations are constantly seeking ways to diversify products and revenue sources, create the best organizational structure, and foster productive work environment cultures through innovation strategies. Boeing is a leading innovator in the aviation industry. The organization faces industry-wide challenges including increasing fuel costs, price-conscious customers, and increased demand for convenient air travel to a multitude of destinations. Innovative thought leadership is the key to “thinking outside the box” and identifying alternative ways to deliver optimal service at lower costs or in ways that bring increased value to the organization. Examples of innovative practices In 2008 Boeing launched the biofuel (kerosene-based and hydrogen fuel) and solar-powered...
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...defense and aerospace industry, Lockheed Martin has provided complex yet highly efficient based technology driven products to their customers. With its business core highly concentrated in the aerospace industry, Lockheed Martin has branched off to include technology systems for global security, defense systems, and satellites primarily for the U.S. Department of Defense and other federal agencies. With its advanced patented technologies, Lockheed Martin has become the largest provider for such services to the U.S. Government. Head-quartered in Bethesda, MD, and employing well over 115,000 people worldwide, Lockheed Martin’s Mission; “Solve complex challenges, advance scientific discovery and deliver innovative solutions to help customers keep people safe and provide them essential services” (Lockheed Martin). It was over a hundred years ago that on August 16, 1912, Glenn L. Martin began his company in Los Angeles, California, building his first plane in a rented church building at the influence and urging of friend Orville Wright. It was also 4 months later and hundreds of miles away, that Allan and Malcom Lockheed founded the Alco Hydro-Aeroplane Company, later becoming the Lockheed Aircraft Company. Together they built high speed seaplanes that broke all types of records for flights overwater flights. Both groups, Martin and his brothers as well as the Lockheed family believed in innovation and complex thinking strategies, a mission that has carried and evolved with the growing...
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...Abstract Take a look inside the world’s leading aerospace manufacturer and the challenges the company must face to stay on top of this competitive market. Abstract Take a look inside the world’s leading aerospace manufacturer and the challenges the company must face to stay on top of this competitive market. the Boeing Company Business Model and Competitive Strategies the Boeing Company Business Model and Competitive Strategies Alexandra Accardi CS 782 IT Strategy and Management Alexandra Accardi CS 782 IT Strategy and Management Contents Introduction 2 Business Model 2 Boeing Commercial Airplanes (BCA) BCA is the division that deals with manufacturing commercial jetliners for more than 40 years. More than 10,000 Boeing planes are currently in service around the world which is 48% of the world fleet (boeing.com). There are a few different families in the commercial space: The 737, 747, 767, 777, and the 787 family. 2 Boeing Defense, Space & Security (BDS) 2 Boeing Capital Corporation (BCC) 2 Engineering, Operations & Technology (EO&T) \ 2 Shared Services Group (SSG) 3 Employee and Revenue Data 3 Market-Oriented Model 3 Financial-Oriented Model 4 Competitive Forces and Challenges 5 The Rivalry of Competitors 5 The Threat of New Entrants 5 The Bargaining Power of Buyers and Suppliers 6 Competitive Strategies 6 Business Model Evolution 6 Best IT-Supported Proposal 7 References 8 Introduction Boeing is a manufacturing company...
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...BPO – A SWOT Analysis ------------------------------------------------------------------------------------------------------------------------------ Abstract BPO is one of the popular business practices in today's competitive environment. India has enormous opportunities emerging from globalization and consequent lowering of tariff barriers. The Indian BPO industry is constantly growing. However, along with the Phenomena Increase in BPO to India there has been a backlash against outsourcing. Information Technology has given India formidable brand equity in the global markets. Indian BPO companies have a unique distinction of providing efficient business solutions with cost and quality as an advantage by using state of art technology. This article explains overview of BPO industry in India comparative strength, weakness, opportunities and thread Indian BPO industry. Introduction India has enormous opportunities emerging from globalization and consequent lowering of tariff barriers. Information Technology has given India formidable brand equity in the global markets. Indian BPO companies have a unique distinction of providing efficient business solutions with cost and quality as an advantage by using state of art technology. Through joint efforts of Government and the Industry, software development and IT enabled services have emerged as niche opportunities for India in the global context. The Government has been making continuous efforts to make India a front-runner...
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...What is Sharia Banking? London is the leading Islamic banking center in the West, and the Netherlands is seeking to overtake London in this regard. Wall Street is becoming enamored with Islamic banking (also known as Sharia banking) and this banking model is rapidly gaining acceptance in the Western world. Unlike the traditional banking model most Westerners are familiar with, Islamic banks are managed according to Sharia law. The main difference between Western banking and Islamic banking is the Quran prohibits the collection of interest in all monetary transactions, charging fees (and donations) for services provided in lieu of charging interest on loaned capital. Islamic banks are also governed by a Sharia Advisory Board, which is comprised of Islamic scholars and clerics who are responsible to ensure all of the bank's activities are in strict compliance with Sharia (Islamic) law. Those in favor of Islamic banking believe the Islamic banking system is superior to the capitalistic model of the West, because it is structured around a "strict code of ethics" (based on the Quran) and is prohibited from "exploitative practices" (including the charging of interest). According to Islamic banking proponents, this allows banking to be an integral part of a moral society (governed by the Quran). In contrast, they believe capitalism is solely focused on money (profit) and this incites greed and the exploitation of others, which leads to the social problems in the West, including the division...
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...Global Business Strategy Research the external environment of Raytheon Student name: Yuan Jun Submit date: 14th Dec 2010 University of Central Lancashire Summary In the competition orientated era of today, most corporations have an intention to expand its business in the global economy. It is necessary for those corporations to consider its external business environment so that it can help corporations develop its business more successfully. Considering the external business environment of corporations, usually the PESTLE principle is used for analyzing the environment faced by the corporations. Raytheon is one of the largest corporations in the world. For the current developing of Raytheon, it is possible there are some existing urgent issues for Raytheon overcoming. This report is going to analyze the external business environment of Raytheon facing through using PESTLE principle. In addition to this, the SWOT analysis, Porter’s five forces and three Generic Strategies will be utilized aiming to evaluate the effectiveness of the current strategy which is used by Raytheon. Content Section Pages 1. Introduction....................................................................................................... 4 2. PESTEL analysis external environment.......................................................... 4 ...
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...Poverty and Pollution Case Study Pollution is an issue that has been discussed for at least 40 years at summits with the United Nations. The response has been slow in the past. This year he summit will be called “What We Want”. The past 4 decades the U.N. has been concerned for the “green” issues. They have moved closer to the fashionable concerns of rich Westerners and away from the legitimate concerns of the majority of Earths People. (Lomborg News Week Magazine) Signs of global warming becoming prominent; with waste and pollution over the top, there is a great need for more stringent laws. It is the responsibility of every person on earth to do what is necessary to keep our environment clean. Pollution is more commonly known from factories. Factories, which pollute our air and streams of what was clean, water. Corporations produce chemicals that are too dangerous to produce in First World find a market in Third World Countries. There are no regulations in Third World Countries. Most of the time Third World countries have to decide on food or a clean environment. Their government cannot restrict or have regulations because it would be too costly to their country more specifically their people trying to make a living. Now we are dealing with pollution from other things such as computers. Computers that people were once owners of are being dumped in third world countries because they have given them to companies to properly get rid of them. Those companies are...
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...Studienarbeit Internationale Finanzmärkte & Produkte 5. Trimester Fachbereich Wirtschaft – Studiengang MA-IM03-VZ Fachhochschule des Mittelstands Abgabe: 29. Mai 2015 Vorgelegt von: Ronald Fortmann Prüfer: Prof. Dr. Gerald WOGATZKI Mat-Nr.: 1310672 Detmolder Straße 58 33604 Bielefeld Tel.: 0175/660 4977 E-Mail: ronald.fortmann@gmail.com 1 Table of Contents I. Assignment & Introduction ..................................................................... 4 II. The first transactions (February 9th 2015)............................................. 5 III. The leveraged effect of options’ discovery ......................................... 7 IV. Gains securitisation and investment strategy transformation .......... 8 V. Overconfidence influences dramatically investment decisions ........ 9 VI. Consequences of an aggressive finance strategy ........................... 10 1. The negative consequence .......................................................................... 10 2. The positive consequence ........................................................................... 11 VII. Conclusion .......................................................................................... 12 References ................................................................................................... 14 Appendixes .........................................
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