Terri Ann Garcia
November 12, 2012
Lockheed Martin Lockheed Martin has functions with organization management with outstanding areas, in
Technology and their methods for keeping up with the physical assets, analyzing their
Companies plan for their production flexibility. Lockheed developed their philosophy known as
Management philosophies called: The Lean Enterprise in 1999 that was what they created
LM21 and Sigma Six function of management. “The ultimate goal here, is to create a
System consistently achieves excellence for our customers, shareholders, and employees.”.
(Joyce & Schechter, p.173). The LM21 was to identifying, best practices for increasing
Efficiency in their company at Lockheed Martin, thus improving their financial, operating cost,
staying Lean by using this method of control system. Other companies were using the system
sigma six that proved to be valuable as early as 1990’s .
Their Mission Statement: “We assist LM companies to obtain product sales financing that (a) fits their customer 's economic profiles, (b) uses financing strategies tailored to each market, and (c) protects Lockheed Martin Corporation. We utilize our expertise to develop services that add value at each phase of the LM business development cycle. We evaluate and implement new strategies in response to changing customer profiles and market conditions. “(Mission Statements, 2012). Lockheed Martin has optimized their organization to run, thus effectively and efficiently with these control systems in place. “Excellent and the key to a Lean Enterprise is attacking waste.”(Joyce & Schechter, p. 174)”
Lockheed Martin has divided and broken into three different divisions, they consisted of divisions of Aerospace defense, information technology products, aircrafts. They made products
for the United States Government Agencies: for both the state and federal areas. The
References: Joyce, M. (2004). The Lean Enterprise-A Management Philosophy at Lockheed ... Retrieved from http://www.dtic.mil In-Text Citation, Joyce (2004), "Insert the quotation” (para. 2,