LOCKHEED MARTIN

Ethics Case Study: The Fabric of Business at Lockheed Martin

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Ethics Case Study: The Fabric of Business at Lockheed Martin

Summary of the Case Study

Lockheed Martin is an American organization that is operating as an international business across the world in the market that is focused on the provision of services pertaining to information technology; in the arena of Aeronautics and Space systems, in addition to dealing with integrated systems to strengthen the defense and security systems worldwide. This assignment is predominantly focused on the ethics and ethical framework as applied and used by the corporate world, which will be reflected through drawing on the ethical policies that are followed by Lockheed Martin. Although, companies are seldom alike when it comes to ethics and Lockheed Martin has set an example which is to the most part unmatched, however it is important to bring into limelight the organizations that are being responsible and taking positive step towards the cultivation of immense integrity and accountability, so that their methods could be learned which would eventually facilitate towards implementation of corporate culture marked by ethics (Knights and O'Leary, 2006, pp. 131).

The vision of Lockheed Martin conveys their principle of profound ethics that guides their every business decision. Awareness as well as Business Conduct Compliance Training, robust communication network, leadership, accountability programs, dedicated Ethics and Business Conduct Department, performance evaluation based on ethical behaviour among other elements (undertaken through the use of Full Spectrum Leadership template for performance evaluation) are some of the drivers that induce compliance with the ethical framework, making employees being ethical while meeting their job responsibilities. Communication has been identified as the ethics driver that remains on the forefront and hence this is the basis of the robust communication network that is used by Lockheed Martin to foster fully ethical organization.

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