Lockheed Martin Case Summary

The function of ethics in structural behavior is the fundamental influence to the achievement and endurance of any business. A set of procedures and principles concentrating on encouraging security, confidence, and responsible preparation inside the workplace should be inaugurated internally. Businesses progress policy of ethics that focus upon the advancement of good. Ethics are vital in improving entrusting interactions amongst

Under this task I will explain the ethical issues that business needs to consider in its operating activities and how a business they could improve the ethical of their operations and also I will evaluate the influence of stakeholders exert in one company.

Organization leaders have a responsibility for upholding the proper standards as they pertain to ethical behaviors in the workplace. Leaders are constantly faced with making the best decisions possible for their corporations and to increase profits for company stakeholders. Unfortunately, some stakeholders do not always make the right choices, especially when the wrong one choice is more enticing. My research will determine the stakeholders invested in PharmaCARE, analyze the ethics of their treatment of the indigenous population and its rank-and-file workers versus the executives, and determine whether Allen can legally fire a few of his employees. Also, determine

A few factors assume a part in the accomplishment of an organization that are past the extent of money related explanations alone. Authoritative culture, service rationality and morals in business each affect how well a business performs in the long term. Regardless of the size, business or level of gainfulness of an association, business morals are a standout amongst the most critical parts of long term achievement.

In 1991, the U.S enacted the U.S Federal Sentencing Guidelines. The purpose of the guideline was to create incentives for corporations to adjust or create strong ethical programs that detect and manage illegal behavior. The impact on American businesses is prevalent in today’s corporate environment. There are instances where the guideline is used as a model for ethics program. The impact on US companies range from creating or enhancing ethical training to creating ethics officers. Other impact decisions include the creation of ethics offices and ethics hotlines. By using the sentencing guideline, companies have strengthened their ethical programs while focusing on remaining compliant, avoiding fines or legal

I am excited to apply for the Information Assurance Engineer position within Lockheed Martin’s Mission Systems and Training division which I found on Lockheed Martin’s Brassring portal. I feel that my proficiency in information security concepts, along with my skills in network penetration testing make me a strong candidate for this position. Over the summer of 2015, I interned with Lockheed martin where I had the opportunity to study intelligence driven defense concepts through Lockheed Martin’s “EXCITE - An Intro to Intelligence Driven Defense” program. Here, I studied core cyber security concepts such as defensible architectures and incident response and forensics. Additionally, I prepared for the Certified Ethical Hacker exam where I studied

Lockheed Martin is an American aerospace multinational that also specializes in defense, security and advanced technology industries. The corporation was instituted in 1995 following the merger between Lockheed Corporation and Martin Marietta (Yenne, 2000). The corporation is based in Bethesda in Maryland with global centers that specialize in different aspects of the corporation’s many operations. Currently, the corporation employs over 120,000 employees scattered across the world. Presently, Lockheed is one of the largest defense contractors in the world and enjoys almost unlimited orders across the world.

As a team, it is our obligation to research and analyze various divisions within the Lockheed Martin company in order to begin working on the internship project. My objective throughout the report is to demonstrate knowledge within the space systems division. I will be identifying the industry as a whole, trends within the industry, competitive landscape, and issues it faces.

The problem to be investigated is the application of business ethics. In the business world, ethics are extremely important. Ethics are prime elements that help a business to grow and to become more productive. It is by applying proper business ethics that a business can operate in a moral or ethical business environment and managed to conduct all activities in a manner that maximizes profits while not compromising all other non-economic concerns(Schwab, 1996). Businesses have over the years failed to nurture business ethics in order to fulfill shareholders' interests and to have a culture that is oriented towards profit maximization and high performance(Jennings, 2012; Sims & Felton, 2006). This has led business to have gray areas in their activities. Gray areas are those situations or problems that do not fit exactly into any ethical analysis. These are the activities which may be represented to be immoral as a result of lying and false representations on the part of the business.

This will be an over view of ethics as it relates to business in our society. Concepts from Philosophy will seek to describe the correlation between actions that are classified as morally right or ethical in our dealings with each other as human beings. Clear and concise examples will be given as well as ways in which to improve upon business ethics.

Ethics are values and principles that individuals use to govern his decisions and activities. Ethics are about moral judgment of an individual about right and wrong. In an organization, code of ethics refers to set of guiding principles and organizations use these principles in their policies, programs, and decisions for business. Within organizations, decisions are taken by groups or individuals and these decisions are influenced by the culture of the company. Decision making and relevance of ethics may also differ for nonprofit and for profit organizations. In contemporary business environment, organizations must have a clear ethical policy and implement it in proper manner. There are many social, legal and economic outcomes that company has to face in case of any ethical dilemma, so there must be a smart strategy to deal with ethical dilemmas. In this paper, we will address the ethics for nonprofit and profits organizations, ethical dilemmas being faced or faced by each of these companies and the outcomes of these ethical dilemmas. Critique of actions of each of these companies will be provided from the point of view of applicable philosophical theories of organizational ethics.

The WorldCom management had an ethical responsibility to dignify business practices above self-interest. Illegal actions conducted at WorldCom produced short term gains at the expense of long term relationships. Chakraborty, Kurien, Singh, et al. (2004, p. 97) described this practice as "profits at any cost."

ethical approach can be taken in the best interests of the company. Again, to maintain a strong

Lockheed Martin is a major security and aerospace company headquartered in Bethesda, Maryland. Employing over 97,000 employees worldwide, Lockheed Martin is principally focused on research, design, development, manufacture, integration, and sustainment of advanced technology systems, products, and services (Lockheed Martin at a Glance, n.d.). Lockheed Martin is organized into broad business areas to include aeronautics ($17.8 billion in 2016 sales), missile and fire control (6.6 billion in 2016 sales), rotary and mission systems (13.5 billion in 2016 sales), and space systems (9.4 billion in 2016 sales) (Lockheed Martin at a Glance, n.d.). To better understand the global giant that is today’s Lockheed Martin, a historical look at the two companies that merged in 1995 and their respective accomplishments is essential.

The entrepreneurial sprit which began the foundations of Lockheed Martin remains alive within the company today. Although, the companies’ stricter guidelines do not allow an employee to simply begin an entrepreneurial venture on their own, the company has evolved from an airplane manufacturer to an organization that is involved in everything from defense to space exploration. This massive diversification of interests was brought about by intrapreneurial ventures. It was Lockheed Martin that coined the phrase “Skunkworks”, meaning specialized teams dedicated to discovering new projects. The origin story of “skunkworks” is well known and shows the tenacity and innovation that Lockheed Martin is capable of. In 1943, an engineer named Clarence “Kelly” Johnson and a group of young engineers were asked to design and build a jet fighter to help the US Army prepare for the growing German threat. The small group was isolated and the project was kept secret operating out of a circus tent because available and private space was scarce in the Lockheed Martin facility. The group was given one hundred and fifty days to complete the project, and they completed the jet in one hundred and forty-three (Miller, 1995). This spirt of innovation and growth marked the true beginning of the boom in product development which continues to this day under the same name, but this time trademarked.