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Lockheed Martin corporation
Abdussamet Akca
1/23/2022
Lockheed Martin corporation
Lockheed Martin Corporation is the world’s largest defense company. Lockheed Martin Corporation was formed by the merger between Glenn L. Martin Company and Lockheed Aircraft company. The merging of the two companies happened in 1995 after the two CEOs agreed to work together. After the formation of Lockheed Martin corporation in 1995, Daniel M. Tellep became the first CEO of the merger, while Augustine became the first president. Lockheed Martin corporation became the biggest defense company in the whole world after the merger in 1995.
Lockheed Martin Corporation, now headquartered in Bethesda, Maryland, after its formation, focused on aerospace technology, is used to collect the information which it supplies to the government. Martin corporation is mainly concerned with different types of businesses such as Space and Missiles, information technology, electronics, and aeronautics. The early growth of Lockheed Martin corporation was mainly through the acquisition of other companies, for example, the acquisition of Loral Corporation in 1996. The current Chief executive officer of Lockheed Martin corporation is James Taiclet, who simultaneously serves as chairman and president of the corporation.
Lockheed Martin Corporation is both aerospace technology and security company. Lockheed Martin corporation belongs to the Advanced Technological information security Aerospace industry. Lockheed is classified into segments and sections depending on the type of business it carries out. These segments form the sub-industry, which includes Military, aerospace, and defense or Civil aviation sub-industries. According to https://csimarket.com, Lockheed Martin Corporation has a market share of 28.77% in the aeronautics segment. Lockheed Martin corporation occupies a larger market share of the Advanced Technologies, information, security Aerospace defense industry.
Lockheed Martin corporation faces competition from several other companies which provide similar services as one of them provides. Lockheed Martin corporation faces competition in all its business segments, including aerospace, information technology, and aeronautics technology. Some competitors of Lockheed Corporation include Boeing, General Dynamics, BAE system, L3Harris Technologies, and many others. Some of these companies have a long history in defense, space, and security systems than even Lockheed Martin corporation, which makes them offer better services to their customers. All of the companies are involved in developing, designing, and manufacturing technologies used in defense and aerospace systems.
Competition from other companies in the many threats to Lockheed Martin Corporation. Companies such as Boeing and BAE systems enjoy a huge capital base that allows them to carry out research and develop more sophisticated technology. Development of better technology as compared to Lockheed Martin corporation paces them at an advantageous position. To avoid the threats, Lockheed Martin corporation should take any available opportunity and capitalize on it. Lockheed Martin needs to invest more by launching more satellites and sensors in space. The company needs to employ qualified employees and train more people to help in the development of the company.
Regulation by the government can have a significant impact on the company’s performance. Companies operating in security defense and aerospace need to obtain a permit from the state. The license and permits regulate the activities carried out by the company. The company has to act within the permit and license provided to them. According to Petrescu et al. (2017), regulation is used by the government to create monopolies of the corporation, which affects other businesses negatively. Any action which is not licensed is usually considered illegal, and it attracts punishment to the company. Corporate taxes, which the government imposes, may affect the corporation by reducing the companies’ profits (Aspin 2016).
References
Aspinwall, K. (2016). How Proposed Legislation Could Affect Corporate Taxes (Doctoral dissertation, The University of Mississippi).
Gaspar, J. F. C. M. M. (2020). Equity research-Lockheed Martin Corporation (Doctoral dissertation, Instituto Superior de Economia e Gestão).
Petrescu, R. V., Aversa, R., Akash, B., Bucinell, R., Corchado, J., Apicella, A., & Petrescu, F. I. (2017). Lockheed martin-a short review. Journal of Aircraft and Spacecraft Technology, 1(1).
Terris, D. (2005). Ethics at work: Creating virtue in an American corporation. UPNE.
MBA 665 Final Project Milestone Two Guidelines and Rubric
Prompt: The final project for this course is the creation of an impact of governmental action on a business paper. For Milestone Two, you will submit the
Overview section of your final project, which continues building on what you started in Milestone One to complete Section I of the final project critical elements.
You will provide the business profile and governmental action, revised according to feedback received on Milestone One, then add organization and teams,
stakeholders, and current environment. Be sure to support all factual claims/positions with appropriate citations to your research materials.
Specifically, the following critical elements must be addressed:
I. Overview: In your role as vice president of governmental affairs, your boss, the business’s CEO, is considering retaining an outside consulting firm to
assist the company with a government issue that it is facing. Jack Harris is the president of that firm, which is called Crisis Consulting. Jack has told your
boss that he will not know if he can help until he learns more information about your company and the issue it faces. Your CEO has asked you to prepare
a memo that will provide a detailed overview of your company as well as the government action that is it facing. Address the following:
A. Business Profile: Provide a brief profile of the business and the industry it occupies, including the business’s market share and competitors, as
well as opportunities and threats facing the business and industry outside of the particular governmental action now facing the business.
B. Governmental Action: Analyze the potential governmental action or political challenge that will affect the business in this particular situation.
C. Organization and Teams: Describe the organization of the company, including divisions and project teams, and the manner in which the company
has used these teams to respond to government regulations in the past.
D. Stakeholders: Describe the company’s internal and external stakeholders. In your description, include the actions taken by the stakeholders to
date to influence the political process and advocate for the business’s interests.
E. Current Environment: Describe the current business environment, both financial and otherwise, including the initial reaction of the company to
the situation and the initial position taken by political actors and other stakeholders.
Guidelines for Submission: Your paper must be submitted as an 8-10 page Microsoft Word document with double spacing, 12-point Times New Roman font, one-
inch margins, and sources cited in APA format.
Rubric
Critical Elements Proficient (100%) Needs Improvement (70%) Not Evident (0%) Value
Overview:
Business Profile
Briefly profiles selected business
and industry it occupies, including
market share, competitors,
opportunities, and threats
Profiles selected business and
industry it occupies, including
market share, competitors,
opportunities, and threats, but
response is wordy or vague
Does not profile selected business
and industry it occupies
15
Overview:
Governmental
Action
Accurately analyzes potential
governmental action or political
challenge that will affect business
Analyzes potential governmental
action or political challenge that
will affect business, but with gaps
in accuracy or detail
Does not analyze potential
governmental action or political
challenge that will affect business
15
Overview:
Organization and
Teams
Comprehensively describes the
organization of the company,
including divisions and project
teams, and the manner in which
the company has used teams to
respond to past government
regulations
Describes the organization of the
company, including divisions and
project teams, and the manner in
which the company has used teams
to respond to past government
regulations, but description is
cursory or inaccurate
Does not describe the organization
of the company and the manner in
which the company has used teams
to respond to past government
regulations
20
Overview:
Stakeholders
Comprehensively describes
company’s internal and external
stakeholders, including actions
taken by stakeholders to influence
political process and advocate for
business interests
Describes company’s internal and
external stakeholders, including
actions taken by stakeholders to
influence political process and
advocate for business interests, but
description is cursory or inaccurate
Does not describe company’s
internal and external stakeholders
20
Overview: Current
Environment
Comprehensively describes current
business environment, including
financial status, initial reaction of
company to situation, and initial
position taken by stakeholders
Describes current business
environment, including financial
status, initial reaction of company
to situation, and initial position
taken by stakeholders, but
description is cursory or inaccurate
Does not describe current business
environment
20
Articulation of
Response
Submission has no major errors
related to citations, grammar,
spelling, syntax, or organization
Submission has major errors
related to citations, grammar,
spelling, syntax, or organization
that negatively impact readability
and articulation of main ideas
Submission has critical errors
related to citations, grammar,
spelling, syntax, or organization
that prevent understanding of
ideas
10
Total 100%
