“We’re Engineering a Better Tomorrow”
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“We’re Engineering a Better Tomorrow”
Presentation Content• Background• SWOT & PEST Analysis• Environmental and Sustainability Issues• Ethical and Social Responsibilities• Managing Change and Innovation• Planning and Managerial Challenges• Conclusion/Recommendations
Background
Objectives
To provide a brief introduction to the company including:• How was the company formed? (brief history)• What is Lockheed-Martin and what do they do?• What are the company’s objectives?• How is the company structured and who is in charge?
Allan and Malcolm Lockheed
Background
Glenn L. Martin
B-57 Bomber (Martin) 1953
P-38 Lightning (Lockheed) 1940
- ~ 98 000 employees- H.Q. in Maryland, U.S.A.- $46.1b in sales 2015- Backlog of $99.6b- 4 Main Business Areas
- Aeronautics- Missiles and Fire Control- Rotary and Mission Systems- Space Systems
Background
Our Mission: We solve complex challenges, advance scientific discovery and deliver innovative solutions to help our customers keep people safe.
Our Vision: -Be the global leader in supporting our customers' missions, strengthening security and advancing scientific discovery.
Our Values:- Do What's Right- Respect Others- Perform With Excellence
Company Objectives
Background
SWOT (Strengths and Weaknesses)Strengths
• Largest Defence Contractor in the World• Diverse Business Areas• Global Presence
Weaknesses
• Reliance on U.S. Government• Contract Misconduct & Fraud• Inefficient (F-35 Project)
SWOT (Opportunities and Threats)Opportunities
• New Technologies• Increased Importance of
strengthening national security for the protection of the public• Minimal Opposition and large
Clientele
Threats
• Financial Crisis• Opposition• Government Regulations
PEST ANALYSIS• Political- headquarters and offices in 16 different countries- Many investors (including the governments defence
department)
• Economic- Total of 95,518,064 shares- Effectively taxed 28.2 percent for the year 2015
PEST Analysis cont..• Social- Viewed as a company that increase security for countries - developing a new way to produce energy
• Technology- They provide cutting edge technology for land, sea, air or even
aerospace- They do more then just develop defence technology
Environmental and Sustainability IssuesEnergy Reduction
• Years of 2010 to 2015• Reduced carbon emissions of 28% • Estimated to have saved $595,000• Energy efficient LEDs
Conservation of water• World Business Council for
Sustainable Development (WBCSD) Global Water Tool
• 32 on-sight designated wetland areas
• Endangered animals near 43 of their facilities
• Water treatment plant
Environmental and Sustainability IssuesReducing Waste
• Generated from missile coating• Specific team designated• Recycling 60-70% of waste• “Money Doesn’t Grow on Trees”• Reduced use of 45 tons of paper
Environmental and Sustainability Issues
Electronic Waste• Unnecessary land fill• Greater understanding• Go Green 2020 Goals• Aim to reduce landfill by 35%• 80,000 pounds of e-waste at on-site
collection events
Ethics and Social ResponsibilitiesLockheed Martin uphold 3 major ethical behaviours in everything they do these are:
• Do What's Right• Respect Others• Perform With Excellence
Managing Change & Innovation
Objectives• To investigate how Lockheed Martin managed change during the sale of one of
its major business areas
• How does Lockheed Martin promote innovation?
Managing Change & Innovation
July 2015- Strategy change
announcement- Initial I.T. reviews
Aug 2016- Final handover
of IS&GS division to Leidos
Nov 2015- 500 IS&GS
workers layoff
July 2016- 200 IS&GS
workers layoff
Jan 2016- L.M. enter into
agreement with Leidos
ChangeInformation Systems & Global
Security (IS&GS) transition from Lockheed Martin to Leidos
External Forces- Increase in Lowest Price
Technically Acceptable (LPTA) contracts for federal services
- Budget cuts
Internal Forces- Strategy change- I.T. business sector
performance reviews
Managing Change & Innovation
Aeronautics
Energy Solutions Program
Missiles & Fire Control
Space Systems IS&GSRotary & Mission Systems
Space Ground Station
Program
Technical Services Program
Cyber Security Program
Managing Resistance to Change
Employees – proportion of lay-offs offered as voluntary where those who accepted would receive an attractive severance package
Shareholders – those who participated in the exchange received a total of $2.8b in Leidos shares (50.5% stake in Leidos)
Promoting Innovation
Managing Change & Innovation
Structural- Organic structure at bottom level - Abundance of resources
Cultural- Promote diversity- Offer rewards- Resources allow for more risk taking
STELaR (Science Technology Engineering Leadership and Research) Lab, MelbourneFirst lab of its kind to be built outside of U.S.- Areas of study will include:
- Hypersonic flight- Robotics- Intelligence & SurveillanceGeneration Beyond – Educational Program to inspire the
next generation of innovators
Challenges of Planning and Managerial Decision Making
Full Spectrum Leadership
Delivering Results Shaping the future Building Effective Relationships Energizing the Team Modeling Personal Excellence,
Integrity and Accountability
“Ultimately, every one of us is a leader, because we all control the attitudes and behaviors of at least one person - ourself - and we set an example for our colleagues”
Conclusion
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