...Home Page » Business and Management Fortune 500 Company In: Business and Management Fortune 500 Company History The Fortune 500 Company chosen for this paper is the Lockheed Martin Corporation. Lockheed Martin is a global securities and information technology company headquartered in Bethesda, MD. Lockheed Martin employs roughly 126,000 people in several facilities throughout the world. The company's main business is in research, design, development, manufacturing, integration and sustainment of advanced technology systems, products and services. Lockheed consists of four operating units, or business areas, which consist of Aeronautics, Electronic Systems, Information Systems and Global Solutions, and Space Systems (LMC, 2011). Lockheed Martin Corporation was created in 1995 from a merger of two major global technology companies, Lockheed Corporation and Martin Marietta Corporation (LMC, 2011). Lockheed Corporation first began in 1912 when two brothers, Allan and Malcolm Loughead, created the Alco Hydro-Aeroplane Company to manufacture a floatplane. In 1916, the brothers used their own profits to buy out the other investors and organized the Loughead Aircraft Manufacturing Company. In 1921, the company was liquidated because of poor sales. Allan Loughead returned in 1926 to create the Lockheed Aircraft Company, which began to be much more successful. Lockheed is the matching pronunciation of Loughead and used instead (Weiss & Amir, 2009). The Martin Marietta...
Words: 307 - Pages: 2
...Lockheed Martin: The Employer of choice mission Summary The saying of Robert vice president of strategically planning that usually companies talks about strategic vision but without the right expertise it will not more than the illusion. The whole depends on the quality of its employees that differentiate them from competitor. Ken was the vice president of HR in Lockheed and he was given a report contacting that what will be the best practices that could be initiated in organization to become an employer of choice for the employees and to attract the talent from across the borders. And as Lockheed martin had leading in its technology in 20th century they much contribute like they were there when the first man landed on moon and they also help to explore this universe so if they don’t do their jobs then that will lead to the bad thing were start happening in this world. As Lockheed Martin was the merger of two best leading technology companies both had rich history in their technological field and as Lockheed and martin started innovation by developing boats clipper lighting fighter and missiles and then in 1990 Lockheed’s produce world best and innovative aircrafts F16 fighter. The company also contributed toward defense related products and ranked 32nd among 500 largest industries and the give jobs to 170000 people in their state and about 5500 from international market. And also operated their business in several states. Their business was divided into six categories SPACE...
Words: 772 - Pages: 4
...(51.75 m) Height: 55.1 ft (16.8 m) Wing area: 3,800 ft² (353 m²) Empty weight: 282,500 lb (128,100 kg) Max takeoff weight: 585,000 lb (265,350 kg) Power plant: 4× Pratt & Whitney F117-PW-100 turbofans, 40,440 lbf (180 kN) each Fuel capacity: 35,546 US gal (134,556 L) Performance Cruise speed: Mach 0.76 (450 knots, 515 mph, 830 km/h) Range: 2,420 nmi[74] (2,785 mi, 4,482 km) Service ceiling 45,000 ft (13,716 m) Max wing loading: 150 lb/ft² (750 kg/m²).This EVAC ( evacuation) platform is getting a lot of work between theaters, Germany, WRNMMC, and SAMMC. It has In-flight refueling. It has short takeoff and landing makes it a very versatile workhorse. This aircraft was designed as replacement for C141 Starlifter and a supplement to the C 130. It is inability to do point of wounding evacuation would be its only drawback, but it was not designed for that task. *You are required to respond to 1 additional posts made by other...
Words: 287 - Pages: 2
...Raytheon is a company that serves the main purpose of being a U.S. defense contractor and industrial corporation that mainly focuses in manufacturing weapons, military, and commercial electronics according to Wikipedia.com (Source 1). It all started on July 1922, when according to “Raytheon.com (Source 2)” it said, “a few passionate visionaries created a high-tech venture in the shadow of a great university and developed a breakthrough product that transformed a nation.” Raytheon was established in Cambridge, Massachusetts, founded by Vannevar Bush, Laurence Marshall, and Charles G. Smith, which they named the company American Appliance Company before Raytheon based on Source 2. According to the text, “fundinguniverse.com (Source 3)” it states, “Raytheon was founded in 1922 when a civil engineer named Laurence Marshall was introduced to an inventor and Harvard physicist names Charles G. Smith by Dr. Vannevar Bush…” During the beginning years of their company, they created the S gas rectifier tube which according to “(Source 2)”, was a “device that eliminated one of the cumbersome expensive batteries that previously powered home radios.” It changed the radio into become an affordable appliance for the Americans that they used in various ways. Raytheon became one of the leading innovation company in the electronics industry according to (Source 2). During World War II, Raytheon tried to assist in the war effort. According to the website, “(Source 2)” it says, “During World War II...
Words: 775 - Pages: 4
...Personal Branding Plan Josh Barnett MKT/421 April 21, 2015 Wendy Bullock Personal Branding Plan Work ethic, reliability, and results. These are three of the important character traits that I feel separate me from other candidates when it comes to competing for a job. The time that I spent in the military is what I credit a large part of my work ethic to. From Day one in the military you are required to do everything to the best of your ability and to continue to do so until the task is completed. Even as a child, I was told that that if I say am going to do something or be somewhere, then I am to keep my word and follow through with every commitment. Once again the military further hammered in that mindset and even introduced me to the phrase; “if you are 15 minutes early, you are on time. If you are on time, you are late.” Both of these influences have molded me to value the characteristic of being reliable not only by presence but by carrying my own weight as well. The third trait that I feel solidifies my value as an employee is my ability to produce results. Of course the first two characteristics play a role in my ability to get results but I have always had a competitive nature as well. Coming from an athletic background and excelling at sports my whole life, I developed a hunger to be the best at whatever it was that I was doing. If I were to make a list of dream companies that I would like to work for, the first job that would have to be at the top...
Words: 1007 - Pages: 5
...Walter B. Peppersack ASCI 611 Embry-Riddle Aeronautical University Professor: Bill Teeple 5 December 2014 Abstract This research is in the Oculus system; a roll-on/roll-off Command and Control unit that attaches to a standard military 463L pallet design that is accommodated by the C-130 Hercules. There are two modules that are mounted to a pallet system that roll on and off just like any other cargo load. The design requirements for this payload are that it will be able to be loaded on any model of C-130 without permanent modifications to any of the airframes. The system safety aspect of Oculus and the way it is designed is well defined without specific hazards outside the parameters of normal operations with any other payload, other than the lift arm mechanism for the sensor pod attached to the aft door, and the operational parameters while it is in use. It is because of the design requirements for not modifying the airframe that has created a safety issue with the way the sensor pod is set in operation. Oculus Sensor Platform System The C-130 Hercules transport aircraft has been around a long time. It has been a proven airframe, has been the work horse for the U.S. military services through the decades, has seen many conflicts, and has provided air and ground support for numerous missions worldwide. With its longevity it has seen numerous problems, has had many up-grades and modifications that each have their own safety issues. The ground support systems themselves...
Words: 1514 - Pages: 7
...Hercs: Obsolete or Still Strong? Austin Carter ASCI 419 Embry-Riddle Aeronautical University Abstract In this research paper I will discuss the many costs and programs of sustaining an older aircraft. I will also go into detail about what a RAP (Repair Assessment Program) is and how they operate to maintain and keep these aircraft formidable. I will also talk about what the government plans to do with the existing C-130 fleets. The C-130 has been a major part of the U.S. militaries forces for over 57 years. It was manufactured by Lockheed and entered the U.S. military in the 1950’s and has the longest continuous production run of any other aircraft in the U.S. military (Lockheed, 2015). The C-130 has the nickname “Hercules” because it is just that. The C-130 has been retrofitted and dozens upon dozens of modifications have been engineered so that this aircraft can perform just about any type of mission the military needs. Every branch of the military utilizes the C-130 in one way or another. There have also been many different types of models with the most recent being the “J” model. Although Lockheed Martin is still manufacturing these aircraft and the military is still purchasing them, there are still in service many aircraft that were manufactured in the 80’s. Of course the level of technology that was implemented into aircraft then and now are not even comparable. To have an aircraft that is not up to par technologically is unsafe for the crew and cannot be depended...
Words: 1020 - Pages: 5
...College of Economics and Management 85 COLLEGE OF ECONOMICS AND MANAGEMENT Libornio S. Cabanilla, Dean Jose V. Camacho, Jr., Associate Dean Agnes T. Banzon, College Secretary Reynaldo L. Tan, Chair, Dept. of Agribusiness Management Cesar B. Quicoy, Chair, Dept. of Agricultural Economics Amelia L. Bello, Chair, Dept. of Economics The College of Economics and Management (CEM) was formally created in the 996th UP-BOR meeting, February 1987. However, the College traces its roots to the Institute of Agricultural Development and Administration (IADA)which was established in 1975, with three departments – Agricultural Economics (DAE), Economics (DE), and Management (DM), and was elevated to the College of Economics and Management from the merger of IADA with the Agricultural Credit and Cooperative Studies and the Agrarian Reform Institute in 1978. At present, CEM is composed of three departments – the Department of Agricultural Economics, the Department of Economics and the Department of Agribusiness Management. The college sees itself as a center of excellence in undergraduate and graduate instruction, research and extension in economics, agricultural and applied economics, and agribusiness management in Asia. It envisions to be an institution of higher learning that can serve as an active catalyst for economic and social transformation. Its two-fold mission is to produce graduates and future leaders with strong training in economics, agricultural and applied economics, and in agribusiness...
Words: 4255 - Pages: 18
...Marketing Plan for Brand Roll of MarkStrat firm R Period 2 Submitted by: Zac Lennon Submitted to: The Board of Directors Executive Summary The brands performance for the first period wasn’t where we wanted it to be but we see many opportunities for this brand to grow and expand. The strength of this brand is that the performance level is higher than any of its competitors. The weakness is that this product has such a high base cost that we were forced to have such a high retail price. The plan to improve the brand performance is to do an R&D project to reduce the base cost which will allow us to make more money and to also reduce the selling price to its competitors. In return this will also put us in good standing with our primary target market and will make us the only firm with sole control of the explorer market. The performance objectives for the first period were as followed. The sales of the first period were 13,100, while we only got 8.1% of our primary target market. We understand completely that this isn’t good enough and we are doing everything in our power to fix this so it doesn’t happen again next period. Our goal for next period is to have at least 20% of the market share. We will see it is attainable because of all the changes that we will discuss with you later on this paper. I. Overview a. The brands current primary target segment is explorers. The other competitive brands in the segment are TOPS and LOOP. The brand in a way has a secondary...
Words: 2198 - Pages: 9
...ECON 102 MARGINAL UTILITY The cardinalist approach to consumer behaviour assumes that the utility (i.e. the satisfaction or benefit) obtained from consuming a unit of a good can be measured. 1. Define the following terms: a) total utility b) marginal utility. 2. Consider the following information regarding the utility Jack obtains from consuming cream cakes on a visit to a cafe. |No. of cream cakes |Total utility |Marginal utility | |0 |0 | | | | > | | |1 |40 | | | | > | | |2 |80 | | | | > | | |3 |110 | | | | > | | |4 |130 | | | ...
Words: 357 - Pages: 2
...Does your career plan include a world of lifelong success? Program of Professional Studies THE CERTIFIED GENERAL ACCOUNTANTS ASSOCIATION OF BRITISH COLUMBIA We see more than numbers. Choose a career that places you on the path to lifelong success. It’s all about opportunity. Accounting professionals can work in any sector, anywhere in the world. And when you choose CGA, you’ll gain the leadership, problem-solving and technical skills that are sought after by organizations in the private, public and not-for-profit sectors. The CGA Program of Professional Studies gives you the tools to succeed in business, no matter where your career takes you. You’ll enter the workforce with the applied knowledge and demonstrated expertise that employers want, including specialized technical knowledge, sectorspecific competencies, problem-solving skills and the ethical integrity to lead. CGA’s competency-based curriculum is simply your best way to prepare for a rewarding career in financial management. Flexible study options and the freedom to choose the career you want CGA is all about choice. You choose the professional-studies path and real-world experience that best match your career goals and interests. We give you the skills and freedom to work in any type of organization, in any industry, at any level of management. With a CGA designation, your opportunities—both professional and personal, at home and around the world—are limitless. Take your place as a highly respected...
Words: 4906 - Pages: 20
...Econ Problem Set #3 1. Suppose that a comic book publisher pays an annual licensing fee of $20,000 for the rights to an artist’s character. Which would have a larger impact on the number of readers of the comic using this character: (i) an increasing in the printing costs associated with publishing the comic, or (ii) an increase in the artist’s licensing fee to $22,000. Please carefully explain your reasoning. The increase in printing cost would have the larger impact on the number of readers of the comic. Because the increase in printing cost could be thought as a variable cost increase. The increase in cost would vary when the quantity increases. The increase costs per book could be easily realized and thus the publisher would choose to increase the price of goods. The number of readers would thus decrease due to increase of selling price. For the increase in license fee, it would be considered as fixed cost, which is more important in the short run business instead of long run businesses. 2. A firm's total cost schedule and the demand for its product are summarized in the table below (a) Complete the table and use the tools discussed in the online lecture and in the book to determine the level of output that maximizes the firm's profit. Costs | Revenues | Quantity Produced | Total Cost | Marginal Cost | Quantity Demanded | Price | Total Revenue | Marginal Revenue | 0 | 0 | - | 0 | 155 | 0 | - | 1 | 70 | 70 |...
Words: 505 - Pages: 3
...Econ 141, topic 7 [ Inflation] 1. Inflation - Inflation is a continuing rise in the price level, which causes money to lose value. - Inflation is a rise in the price level, not in the price of a particular commodity. - It is ongoing, not a-onetime-only increase in the price level. - The inflation rate is the percentage change in the price level. It is calculated as the following: Current price level – Last year's price level x 100 Last year's price level 2. Demand-Pull inflation - Demand pull inflation is caused by an increase in aggregate demand. - An increase in consumption or investment or government expenditures or exports or the quantity of money → increases the aggregate demand. - A decrease in imports or taxes or interest rates → increases the aggregate demand Initial effect of an increase in aggregate demand: Price level LAS SAS The increase in demand raises the price level from 110 to 120 120 110 AD1 AD0 Real GDP Money wage rate response Price level LAS SAS1 130 ...
Words: 1346 - Pages: 6
...Foundations Brigham Young University–Idaho 2013-2014 This is an exciting time to be associated with Brigham Young University-Idaho as it continues on a steady, upward course of academic innovation. Dedicated administrators and faculty members are continually working to prepare students to be well educated academically as well as spiritually. One of the university’s academic developments is our general education program called Foundations. Just as the name suggests, Foundations is designed to provide a strong base for the rest of your university experience and throughout your life. Foundations presents a focused approach to general education, allowing students to explore specific aspects of diverse subjects, delving deep into each topic. The courses are interdisciplinary and have been created through countless hours of faculty collaboration to provide you with the most effective learning outcomes. Foundations courses are divided into five groups: Eternal Truths, Academic Fundamentals, Science, Cultural Awareness, and Connections. While some courses are required, others are left to personal preference. You will be blessed as you enter these inspired classes with an open mind and willing heart. I invite you to carefully review the Foundations courses available and determine which classes will benefit you most. I wish you success in this and every other endeavor here at BYU-Idaho. Best regards, Kim B. Clark President, Brigham Young University-Idaho 47 Foundations Brigham...
Words: 7055 - Pages: 29
...Transforming Lives Communities The Nation …One Student at a Time Disclaimer Academic programmes, requirements, courses, tuition, and fee schedules listed in this catalogue are subject to change at any time at the discretion of the Management and Board of Trustees of the College of Science, Technology and Applied Arts of Trinidad and Tobago (COSTAATT). The COSTAATT Catalogue is the authoritative source for information on the College’s policies, programmes and services. Programme information in this catalogue is effective from September 2010. Students who commenced studies at the College prior to this date, are to be guided by programme requirements as stipulated by the relevant department. Updates on the schedule of classes and changes in academic policies, degree requirements, fees, new course offerings, and other information will be issued by the Office of the Registrar. Students are advised to consult with their departmental academic advisors at least once per semester, regarding their course of study. The policies, rules and regulations of the College are informed by the laws of the Republic of Trinidad and Tobago. iii Table of Contents PG 9 PG 9 PG 10 PG 11 PG 11 PG 12 PG 12 PG 13 PG 14 PG 14 PG 14 PG 14 PG 15 PG 17 PG 18 PG 20 PG 20 PG 20 PG 21 PG 22 PG 22 PG 22 PG 23 PG 23 PG 23 PG 23 PG 24 PG 24 PG 24 PG 24 PG 25 PG 25 PG 25 PG 26 PG 26 PG 26 PG 26 PG 26 PG 26 PG 27 PG 27 PG 27 PG 27 PG 27 PG 27 PG 28 PG 28 PG 28 PG 28 PG 28 PG 33 PG 37 Vision Mission President’s...
Words: 108220 - Pages: 433
