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 and strategic missile electronics energy and environment and global telecommunication. The core ambition of the company was to be the world’s leading technological sector by giving the best values to their customer and best developmental opportunities to their internal customer.
In cold war companies were focused on achieving their goals by leading in technological sector once the contract has been sent to defense industry supplier then the initial measurement were the quality and assurance of its output. Lockheed senior executive said that if our computer will turn off people losses their lives. The availability of defense budget that affected the companies and defense industries was reduction up to 70% from 1985 to 1999 and it was at that time one half of the budget and now it was less than the 1/7 of the budget so because of this it leads to a huge downward trend that company have to reduce its 1.5 million jobs. Lockheed Martin also closes its millions of square plants of space reduces up to 100000 jobs across its industry.
As according to the CEO of Lockheed Vane stated that now there have been a huge decline in defense budget as U.S got peace so we have told by the government to cut off the costs so its very difficult to move with one sector so diversified our technology and build the large corporation with great technological depth and Lockheed transform its self to globally innovative company of U.S. In 1999 has faced multiple troubles the 1st one was the rocket launch failure and misplaced comma C130 that was cost huge investment and that affect the earnings. And the words by CEO Peter said December 23 is not proved a good timing but soon we convinced that it gives us better data improve our industry from the lesson we have learned.
As it was the traditional approach at that time of many industries that employees are the commodity that can be hire or fired at any time but then they realize that if they do so then they cannot become the leading industry so to become the choice and technological expertly they have to invest toward the employees. So in this regard they initiated the Lockheed Martin twenty first named as LM21. Gerry vice president of this initiative said that it is not a contest of beauty to show their best acts it is the way to differentiate the changes that how we do our practices and about demonstrating the cooperate culture. For this regard they have been created the team of best expertise to search and bench mark the best companies and create and discover the best practices and improve the abilities of employees by developing themselves.
George Bernard said that the people who ranked higher are the people who look for the opportunities if they didn’t get then they create it for themselves. As report was in front of him and he have to choose the best practices to be the employer of choice he thinks that if our company put a rocket in space then surely they can be the employer of choice.