Lockheed Martin: Critical Resources Analysis
Overview
Organization need resources in order to achieve this mission, vision, goals, and objective. Lockheed Martin has the critical resources needed to accomplish its mission, vision, goals, and objectives. In addition, those resources are being utilized effectively and leveraged for competitive advantage. The following is a summary and analysis of Lockheed Martin’s human, financial and technological resources, along with its physical assets.
Human Resources
Corporations, such as Lockheed Martin, face significant talented labor shortages. This shortage is the result of a number of factors including an aging workforce, declining birth rates, and greater competition for talented employees in an increasingly global economy. (Miller and Desmarais, 2007). As a result, the workforce is critical resource for any organization. Knowing this, Lockheed Martin takes several steps—as described below—to attract and retain a …show more content…
The organization employs professionals in the following fields engineering (such aeronautical, chemical, hardware, systems, information assurance, models and simulation, network, and software), assembly, labor, business development, contract, environmental safety and health, program management, security, technicians, and aviation.
The workforce serves as a source of competitive advantage. The organization cannot achieve its mission, vision, and goals without its workforce. For instance, in the case of Lockheed Martin’s aircraft, it is the workforce of engineers that design the innovative aircraft solutions, assemblers and laborers that manufacture the aircraft, and the technicians that keep the aircraft well-maintained. In addition, Lockheed Martin would not want to risk losing its talent and their innovative capabilities to their
Overview
Organization need resources in order to achieve this mission, vision, goals, and objective. Lockheed Martin has the critical resources needed to accomplish its mission, vision, goals, and objectives. In addition, those resources are being utilized effectively and leveraged for competitive advantage. The following is a summary and analysis of Lockheed Martin’s human, financial and technological resources, along with its physical assets.
Human Resources
Corporations, such as Lockheed Martin, face significant talented labor shortages. This shortage is the result of a number of factors including an aging workforce, declining birth rates, and greater competition for talented employees in an increasingly global economy. (Miller and Desmarais, 2007). As a result, the workforce is critical resource for any organization. Knowing this, Lockheed Martin takes several steps—as described below—to attract and retain a …show more content…
The organization employs professionals in the following fields engineering (such aeronautical, chemical, hardware, systems, information assurance, models and simulation, network, and software), assembly, labor, business development, contract, environmental safety and health, program management, security, technicians, and aviation.
The workforce serves as a source of competitive advantage. The organization cannot achieve its mission, vision, and goals without its workforce. For instance, in the case of Lockheed Martin’s aircraft, it is the workforce of engineers that design the innovative aircraft solutions, assemblers and laborers that manufacture the aircraft, and the technicians that keep the aircraft well-maintained. In addition, Lockheed Martin would not want to risk losing its talent and their innovative capabilities to their