Responsibilities of Management in International Business within Essay

Responsibilities of Management in International Business within Lockheed Martin - Essay ExampleIn the process, disrespect a well-published code of morals, Lockheed Martins history is not exactly a good example of managerial experience. country of business. Lockheed Martin is an arms manufacturer said to be one of the worlds largest and nigh influential corporations. Three of its many focussing areas are weapons systems, social service, and homeland security. (polar star Institute, n.d.).Having profiled the corporation to provide information to activists and citizens concerned with the power Lockheed Martin wields over their lives and the lives of others Polaris Institute (n.d.) says Lockheed Martin is one of the most politically connected corporations in the world. With its focus on high technology, it was fitting to get involved with the US Postal Service, the Department of Defense, the Social Security establishment, and the Transportation and Security Administration among othe rs, it said.Sales. In 2003, Lockheed Martin was said to report sales of $31.8 million, some $3.2 billion of which came from its information and technology (IT) services division. Of that amount, 40 percent came from defense services, 37 percent from IT and 23 percent from NASA. As reported by Arthur Johnson, Lockheed Martins elder vice president of corporate strategic development, IT sales make about a quarter of Lockheed Martins revenue, most of which comes from the federal government(Gerin 2004). All in all, seventy eight percent of this business was with the United States Government and 18% of the corporations sales are from their international customers (Polaris Institute, n.d.)Last twelvemonth, sales for the stolon six months rose to 17.8 billion dollars from 17.1 billion dollars, despite a drop in deliveries of F-16 fighter jets. For 2005, this biggest U.S. Defense contractor and top seller of rock-steady computer systems saw net profit jump 41 per cent to 830 million dolla rs in the first six months (Bauer 2005). Also strong on missile defences, Lockheed Martins integrated electronic combat systems and armed forces quadrangle programmes projects 2005 sales of up to 38 billion dollars (Ibid.).III. Business EthicsLockheed Martin that specializes in a host of products and services for the federal government has dramatically raised its ethics and business conduct program since the mega-corporation merger in 1995. With 65 ethics officers around the United States, it requires its 130,000 employees to devote at least an hour a year to consider the ethical issues of the business, at a cost of millions of dollars per year (Terris 2005). History of lawsuits. Lockheed Martin is said to have a long list of lawsuits and controversies, one of where the company paid $38 million to settle claims for their alleged reverse in providing complete and accurate cost in bidding for a large foreign military sales contract (Polaris institute, n.d). Following a series of br ibery, overcharging, and corruption scandals in the 1970s and 1980s, it formed its ethics program (Terris 2005). When interviewed in Ethically Speaking News from The International Center for Ethics, Justice and Public livelihood at Brandeis University, Terris who wrote a case study on Lockheed Martin Corporation. was said to comment If U.S. corporations are spending millions of dolla