MBA 665 Final Project Milestone Three Guidelines and Rubric Overview: The final project for this course is the creation of an
Your paper must be submitted as an 8-10 page Microsoft Word document with double spacing, 12-point Times New Roman font, oneinch margins, and sources cited in APA format.
company name is LOCKED MARTIN
MBA 665 Final Project Milestone Three Guidelines and Rubric
Overview: The final project for this course is the creation of an impact of governmental action on a business paper. For Milestone Three you will submit the Analysis section of your final project, which is Section II of the critical elements. Your analysis should include answers to all the questions in the Analysis section on business environment, sustainability, internal resources, communication, company image, response, impact, and external resources. Specifically, the following critical elements must be addressed:
I. Analysis: After submitting your overview, your boss is having second thoughts about bringing Jack Harris and his firm, Crisis Consulting, on board. Before he makes his final decision he has asked you to provide him with a thorough analysis of the situation faced by your business. He asks you to prepare a memorandum to him (the CEO) analyzing the situation that your business faces as well as the resources that are available to it. Address the following:
A. Business Environment: Based on your analysis of the governmental action or political challenge, what will be the impact of the governmental action or political challenge on the business’s financial situation and operations? Does the action represent an opportunity or a threat?
B. Sustainability: Based on your analysis of the governmental action or political challenge, how will the governmental action or political challenge impact the sustainability of the business?
C. Internal Resources: Evaluate the internal resources of the company, including the business project teams that are available to respond to the opportunity or threat. In other words, is the business adequately organized to address the opportunity or threat?
D. Communication: How has information about the situation been communicated to various stakeholders? For example, have any public hearings been held? Have the radio, newspapers, or social media been used?
E. Company Image: Assess how the situation has affected the company’s public image. Has the impact been primarily positive or negative? If the impact has been primarily negative, what are the positive aspects in addition to the negative aspects? If the impact has been primarily positive, what are the negative aspects in addition to the positive aspects?
F. Response: What are the potential courses of action to respond to the situation in the current macroeconomic and business environment? In other words, what is the range of options for the business in this situation?
G. Impact: How will these courses of action impact the business? Make sure to consider both short- and long-term impacts, including operational, financial, and ethical implications.
H. External Resources: Evaluate the roles and functions of third parties or external resources in the situation. Consider questions such as these in your response: How will lobbyists be involved in the situation? Will there be public affairs professionals who will argue on behalf of the government or the business?
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
Analysis: Business Environment
Accurately determines impact of governmental action or political challenge on business finances and operations, based on analysis of action or challenge
Determines impact of governmental action or political challenge on business finances and operations, but response lacks detail or accuracy or is not based on analysis
Does not determine impact of governmental action or political challenge on business finances and operations
10
Analysis: Sustainability
Accurately determines impact of governmental action or political challenge on sustainability of business
Determines impact of governmental action or political challenge on sustainability of business, but response lacks detail or accuracy or is not based on analysis
Does not determine impact of governmental action or political challenge on sustainability of business
10
Analysis: Internal Resources
Comprehensively evaluates internal resources of company, including business project teams available to respond to opportunity or threat
Evaluates internal resources of company, including business project teams available to respond to opportunity or threat, but evaluation is cursory or inaccurate
Does not evaluate internal resources of company
10
Analysis: Communication
Accurately assesses how information about situation has been communicated to stakeholders
Assesses how information about situation has been communicated to stakeholders, but with gaps in accuracy or detail
Does not assess how information about situation has been communicated to stakeholders
10
Analysis: Company Image
Accurately assesses how situation has affected company’s public image
Assesses how situation has affected company’s public image, but with gaps in accuracy or detail
Does not assess how situation has affected company’s public image
10
Analysis: Response
Determines appropriate potential courses of action for responding to situation in current macroeconomic and business environment
Determines potential courses of action for responding to situation in current macroeconomic and business environment, but not all courses of action are appropriate or response has gaps in accuracy or detail
Does not determine potential courses of action for responding to situation in current macroeconomic and business environment
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Analysis: Impact Accurately determines impact of courses of action on business, considering short- and long-term operational, financial, and ethical impacts
Determines impact of courses of action on business, considering short- and long-term operational, financial, and ethical impacts, but with gaps in accuracy or detail
Does not determine impact of courses of action on business
15
Analysis: External Resources
Comprehensively evaluates roles and functions of third parties or external resources in situation
Evaluates roles and functions of third parties or external resources in situation, but evaluation is cursory or inaccurate
Does not evaluate roles and functions of third parties or external resources in situation
10
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%
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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.
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Lockheed Martin Corporation
Abdussamet Akca
Lockheed Martin Corporation
To: Jack Harris
From: vice president governmental affairs
Date:15 February 2021
Sub: under Lockheed Martin Corporation (overview)
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I am here to state that this is the overview of Lockheed Martin Corporation and Jack
Harris is the CEO of the consulting firm consulted by the CEO of Lockheed Martin Corporation,
crisis consulting.
Business profile
In the contemporary world, there are many challenges facing companies in different
industries in both developed countries and undeveloped countries. There is a great need to
understand the potential risks that may face the business to take care of the shareholder interests,
meet the legitimate consistency, and secure the required resources such as human resources
scholarly and reputational resources. Customers are helped with data by the shareholder value-
added. It also helps in another backup and preparation so that people in the organization are
ready to distinguish risk and so that they can quickly react to crisis consulting (Dove et al.,
2018). The SVAs problem consulting can work with customer administration to identify the
potential turmoil that Lockheed martin corporation is likely to face. The understanding of using
fitting systems and methodologies and the advancement of the same make it possible to oversee
and relieve emergencies through computerized systems. It is possible to utilize and outline
recreations by testing setups and arrangements. Through the operational reviews and the
preparation of potential crises in the Lockheed Martin Corporation, one’s status is also protected.
If the problem exceeds, then the SVAs group can react to the expansive scope of the crisis to
develop the best action to solve these crises.
Crisis consulting international has supplied security and crisis administration to different
organizations such as the Christian evangelist. The concern consulting international has been
helping these groups evaluate risk, improve policy creations, site overviews, and arrange training
staff, crisis administration group, meetings management of occasions, among others. Other
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activities include risk assessment, prioritization of risks, evaluation, and comprehension of
corporate risk profile. Crisis consulting international uses scientific procedures to prepare
customers in perceiving and measuring risks to understand the effect of these risks so that they
can use the available methodologies to oversee risk and avoid it (Davies, 2019). SVA is used in
the business impact assessment process to break down the business with the end goal in mind.
That builds up top to bottom comprehension of recognizing the primary regions primarily
dependent on the company. This audit aims to establish more extensive deterrent ways of risk
arrangements and prepare programs. SVA can also be incorporated with working with customers
to create programs for Lockheed Martin corporation to take the company to global levels; the
accomplished groups then work with customers to advance these techniques and keep the
projects running. It is then easier to respond to crises and to render back up in any other area
needed.
The company's biggest competitors include Boeing, BAE Systems, and L3Harris
technologies. The company faces competition because some of these companies enjoy a large
capital base. However, Lockheed Martin can acquire a market share of 28.77%.
Opportunities
There will be governmental conflicts and crises within there will always be the need for
the security vulnerability assessment.
Threats
Competitors have a large capital base.
The actions taken in cubbing the current crisis might not be fair to everybody; hence they
might be considered biased.
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Governmental action
The biggest challenge that the business faces are governmental regulations. The
government regulates everything that happens in the organization, and if the company has to do
something, it must be within its permit. Any activity carried out without a license attracts
punishments and fines from the government. This is a way that the government creates
monopolies because it affects fair competition between companies. Some political choices affect
the objectives of a multinational such as the Lockheed Martin Corporation because they might be
antagonistic to the business activities. When the government makes laws, for instance, that limit
the companies to undertaking some activities, this can cause an obliteration due to transformation
because it might benefit some companies more than others. There are significant scale risks, and
the small-scale and large-scale risks affect every single segment in the corporation. In contrast,
the small-scale risks can affect a specific area of the business, due to the antagonistic
circumstances and the likelihood of the government making political choices that restrict every
single move of the business the comp [any mighty not be able to undertake essential activities
that might be profitable if they do not have the license. These restrictions lead to companies not
taking some opportunities.
Therefore, there must be a refinement to ensure the company does not lose cash due to
these political restrictions; this is done by evaluating the firms’ political risks and the nation's
political risks. The political risks associated with the firm are the activities in Lockheed Martin
that are naturally unfair. For instance, the likelihood of a legislature withdrawing their agreement
with Lockheed Martin or when a psychological oppressor gathering focuses on Lockheed
Martin's physical operations is a firm particular political risk. On the other hand, the nation's
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unique political risks are not coordinated in a firm but are countrywide, influencing the execution
of a firm. Through fusing of solid intervention dialect, firms can decrease the probability of these
risks by, for instance, upgrading to the nearby security so that fear-based oppressor assaults are
done away with. It is difficult for firms to have control of the political risks. The most profitable
way of avoiding the political risks is to quit the corporation's nation. However, this would be
losing a market; therefore, the company must come up with ways of ensuring the risks can be
dealt with, or at least they can operate with those risks. The government risks emerge from
administrative power; whether legally or illegally used, this power affects the organization's
activities. In addition, there is a risk of precariousness risks. These might include individuals
fighting for control or progression; in this case, Lockheed corporation only faces problems with
the government risks because it is the power of administration used to create restrictions for the
company.
The organization can be saved from the political risks through legitimate arranging and
due persistence. The company should first evaluate the market it will operate in and assess its
chances to succeed in this nation. Another way is to build a decent company is to ensure that
there is a good reputation of the employers of Lockheed Martin treating their employees with
respect and humanity.
Lockheed Martin teams
The company operates in segments, and also it deals with different types of business.
Depending on the type of business being carried out, the company is divided into sections led by
various teams. There are sub-industries formed by these segments, including the defense,
military, aerospace, etc. Each piece is expected to create whatever product they are making to be
competitive in the market. These segments also contribute to different products for the company
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since the company is subdivided into various industries which manufacture additional items.
Other segments and departments support the organization, such as the sales department and the
human resource management teams, among others. The items produced by the company are sold
worldwide, and also, they compete well in the market, considering Lockheed Martin corporation
has a market share of 28.77%. The company's net incomes are generated from collecting
information and supplying it to the government and different businesses such as information
technology, electronics, aeronautical, missiles, and space. There is also fast growth caused by the
company acquiring other companies. The company is both a security and aerospace technology
company.
By providing the available services, the company can command a significant market
share and remain competitive in the market due to its teams. The most profitable areas include
the security aerospace defense industry and information. These segments have made the
Lockheed Martin corporation have the largest market share of advanced technologies. Other
teams, such as the human resource management teams, help ensure the labor-capital is well
managed to ensure maximum productivity. Ensuring maximum productivity for the company
through proper management of the human resource is essential because the company employs
technology, and it is only through the appropriate management of human resources that
technological advancements help create more competitive items in the market (Torres &
McCarthy, 2020). In addition, proper management of human resources brings satisfaction to the
employees, leading to more motivators, hence more advanced items that are more competitive in
the market. The company can offer its customers and government well-performing products with
advanced advertising systems. The products can be handed directly to group gear individuals,
offering them to the government or sponsoring the goods in the market. The company's items are
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seen and gotten in the market and introduced to different buyers who might be interested in the
company's products. This kind of representation is crucial in the market because it helps the
company set on-field legitimacy due to the excellent acquisition of the products in the market.
Territorial donning merchandise chains and the national ones are incorporated through wholesale
channels to produce the company deals. There are also house stores in Maryland which offer
these items through the company’s system.
Stakeholders
Since the company is a multinational that operates on a global scale, it becomes essential
to understand who is influenced by the choices taken by the organization and the people who are
capable of impacting results. The partner idea has been accomplishing boundless prominence
among producers and scholastics, the media, and corporate chiefs (Suydam & Pyles, 2020).
There is a methodology used to draw partners, and there are also government restrictions and
regulations when it comes to choosing the partners. Lockheed Martin grew from the acquisition
of companies, and advanced technologies own it; therefore, for this company, the partnership is
all about attracting the consumers from the start instead of reducing competition or bringing
monopoly. It is coming together for the companies to ensure they produce the best they can for
their consumers and the benefit of the shareholders. Different stakeholders help in the success of
the corporation, and these include:
Internal stakeholders: these are the stakeholders responsible for activities like
financing, co-appointing resource distribution, and the wellbeing of Lockheed Martin. They
oversee crucial actions in the company.
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External stakeholders: these are the people who contribute their perspectives and also
undertake activities that are critical to them. These include the community, administration
clients, and other individuals affected by the company's activities.
Stakeholder analysis is carried out to help consider the people that should be
incorporated in the Lockheed Martin corporation list of the stakeholders. In the stakeholder
analysis system, the people to be regarded as stakeholders are vetted and analyzed and how the
company impacts them and how they impact the company. Through partner mapping, it is
possible to develop the required data to distinguish the objectives gathering and evaluate which
partner has more impact on the organization. It is determined which stakeholders have a stake in
the organization. At the same time, partners of Lockheed Martin are portrayed in the companies’
terms, and they are distinguished as the worker's administration, among others. In contrast, the
external partners include their clients’ suppliers and contenders (Gregg et al., 2019). It is possible
to attempt a cross limit in the advancement of systems undertakings and projects in a client to
ensure the stakeholders' wellbeing and ensure their interests are taken care of.
Current environment
The Lockheed Martin Corporation is a multinational that operates globally to offer
information technology solutions, military and aeronautical services, among many more. With its
large make share in advanced technologies, it can gain an excellent financial position to continue
competing with other competitors such as Boeing and general dynamics. The company operates
in a very competitive environment which keeps it on its toes and ensures the company produces
the best items and offers only the best in the market (Gaspar, 2020). In addition, there are
political risks that face the company in the environment; these are the business regulations that
can prevent the company from going into some activities. Although the companies that compete
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with Lockheed have a large capital base and a lot of experience in the space and security systems
industry, they can still compete due to its use of advanced technologies and other strategies such
as an acquisition. The company uses defense and aerospace systems to develop the best products
and reliable data supplied to the government. Due to these systems, the company can make a
good bargaining power in the market to acquire a good market share hence an excellent financial
position.
References
Davies, C. C. (2019). Lockheed Martin overview of the AFRL EXPEDITE program. In AIAA
Scitech 2019 Forum (p. 0173).
Dove, R., Schindel, W., & Garlington, K. (2018, July). Case study: Agile systems engineering at
Lockheed martin aeronautics integrated fighter group. In INCOSE International
Symposium (Vol. 28, No. 1, pp. 303-320).
Gaspar, J. F. C. M. M. (2020). Equity research-Lockheed Martin Corporation (Doctoral
dissertation, Instituto Superior de Economia e Gestão).
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Gregg, S. P., Scharadin, R., & Clements, P. C. (2019). The best of both worlds: Agile
development meets product line engineering at Lockheed Martin. INSIGHT, 22(2), 25-
31.
Suydam, A., & Pyles, J. (2020). Lockheed Martin Conceptual Design Modeling in the Dassault
Systemes 3DEXPERIENCE® Platform. In AIAA Scitech 2020 Forum (p. 1391).
Torres, F., & McCarthy, K. (2020). Lockheed Martin Overview of the AFRL EXPEDITE
Program: Power and Thermal Management System. In AIAA Scitech 2020 Forum (p.
1129).
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