Stakeholder Analysis: Lockheed Martin Corporation

A Stakeholder is any individual who has a vested interest in a business and is affected by the organisations decisions and strategies (Pride, Hughes & Kapoor 2015, p. 10). Therefore, the people most affected by Graeter’s decisions to take a long term view of the business rather than aim for short term profits are the family members who have a stake in the business. At the present, Richard Graeter II (CEO), Robert Graeter (vice president of operations) and Chip Graeter (vice president of retail operations) manage the business and are responsible for all the decisions regarding its operations.

Owners- For a charity the owners of the business will eventually want the firm to expand and grow over a certain amount of years, this will lead to the firm becoming more recognised and they can offer their service not just nationally but internationally. Cancer Research operates on a national scale, which means they offer their service to people in the United Kingdom. The owner of the charity Cancer Research won’t want to be making profits, they will be focusing on offering the best service possible to his customers. The money cancer research does receive from donations they will spend on research and treatments for

A company’s success is measured by how well it is structured and organized in order to adapt to the changes in environment as well as the changes within itself such as the company’s scale, employees, product scope, etc. Having a suitable, well-structured organizational frame will not only increase the chance of being success but also prolong the company’s lifespan compared to an un-structured one. It is important to note that an organization’s structure needs to fit in with the current situation and does not necessarily required remain unchanged over time. Taking Dynacorp as an example, even though its functional structure contributed to the vast growth of the company at the start, its limitation in dealing with the changes within

Owners – Target’s owners are one of the most important stakeholders. They are the people who started and owns the business to profit from the successful operations of Target. They have decision making aptitudes and the people who has first right to profit. The proprietors are the primary strategist and organizer. They are the ones who comprehend the business so well and they started-up capital to get built up and develop their items and administrations. They additionally conform to government and business authorizing

An organization must identify its core competencies and strategically align those competencies with its business objectives to achieve success. In fact, C.K. Prahalad and Gary Hamel explained in the Harvard Business Review that the most powerful way for an organization to prevail is for it to “identify, cultivate, and exploit the core competencies that make growth possible” (2000). Lockheed Martin has thoroughly aligned its competencies, business objectives, and key performance indicators, which has undoubtedly contributed to the corporation’s effectiveness.

This case is about a denied employment because of her sex in violation of the Civil Rights Act of 1964. In 1966 Martin Marietta Corp., informed Ida Phillips that it was not accepting job applications from women with preschool-age children, but they were employing men with preschool-age children. I think that this case was fairly settled by the Supreme Court. That is because Phillips and Martin had to go back to “lower” court after the Supreme Court ruling and settle with Martin Marietta.

In this extended essay, I will try to answer the research question “To what extent is Corporate Social Responsibility part of Arm Makers Companies? An assessment and evaluation of Raytheon’s and Northrop Grumman’s Business ethics”. Weapon companies face the issue of being socially responsible as it is a global matter. I will be mainly focusing on two companies; Raytheon and Northrop Grumman. These companies only sell weapons to the public sector, but do however provide services to private consumers. “Raytheon provides state-of-the-art electronics, mission systems integration and other capabilities in the areas of sensing; effects; and command, control, communications and intelligence systems; as well as a broad range of mission support services.” “Northrop Grumman offers an extraordinary portfolio of capabilities and technologies that enable them to deliver innovative systems and solutions for applications that range from undersea to outer space and into cyberspace.

Focusing on its core competencies—strong R&D platform, vertical integration, product diversification, economies of scale, disciplined approach to investment and cost management, and operations excellence— Exxon satisfies various consumer needs and maximizes its shareholder value. Business-level strategies enable Exxon to provide value to customers and gain a competitive advantage by exploiting core competencies in all the aspects of Oil & Gas value chain ranging from crude oil and natural gas production to refining the oil and gas, transportation, marketing of petroleum products, and trading of products. Current position as the world’s leading oil & gas company, Exxon is a major player in the conversion of hydrocarbons

Organisations have long struggled to retain employees without pouring in too many resources into incentives, however there are many other factors that influence the motivation for an employee to work for an organisation.

1 What is your assessment of Jim Billings’ performance as president of Stone Finch? What do you think of his leadership style?

Furthermore, in the last decade, an increasing number of major shareholders attempt to influence corporate behaviour by using their equity stakes in organisation to pressure the management for improved performance and increase the value of their investments. However, shareholder activism is believed to be very controversial. Some proponents of shareholder activism believe that the involvement of shareholders in the management of the company ensures that the invested capital is spend properly and that the directors do grant themselves excessive remuneration packages and focus mainly on maximisation of shareholder value. Opponents, on the other hand, often criticise a high degree of shareholder activism as they considered that active investors are mainly focused on their own short-term benefits and profits and not on the long term aims and goals of organisations (Corkery,

Every stake holders has its own needs and demands from the organization. Every stakeholder which are directly attached to the company requires the information as it required and his role. These are the persons, groups or other company which have legitimate interest in the company and its functions. These persons or the group directly or indirectly communicate with the company.

However, large enterprises such as Wal-Mart, treat their employees with little value as they give them undeserving wages with long hours. Yet, Wal-Mart is one of the biggest corporations on Earth. Wal-Mart has no desire to share the benefits of business success with its employees. The reason for this imbalance is because the outlook of being an employee are changing. Aspiring young people now typically see being an employee leads to owning your own business. For those who stay as employees, the prospects are looking increasingly

A system to check and balances the benefit of all the board of directors and to avoid some of top management from making decisions that only benefit themselves is created and named corporate governance. Corporate governance means the system of rules, practices and processes by which a company is directed and controlled. The set of rules provided as a guidelines for the board of directors to make sure that accountability and fairness in a company’s relationship with its stakeholders such as financiers, customers, management, employees, shareholders and also society in order to achieve company’s goals and targets in a manner that add a value to the company. All of the stakeholders play an important role in corporate governance to ensure that

The theory of finance states that maximization of shareholder wealth should be the goal of every business organization. It is not clear, however, whether maximization of shareholder wealth is the main motivation behind Mergers and acquisitions. This has generated a lot of research interest the area. Unfortunately decades of intensive research have not been able to conclusively establish the impact of Mergers and acquisitions on shareholder wealth.