APA format, Proposal for organizational development change , 8-10 pages
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FinalStrategyReport-HII-KHart.docxRunning head: HUNTINGTON INGALLS INDUSTRIES 1
HUNTINGTON INGALLS INDUSTRIES 8
Strategy Report: Huntington Ingalls Industries
Khalia Hart
MGMT 670 – Strategic Management Capstone
Dr. Krell
University of Maryland- Global Campus
November 25, 2019
Huntington Ingalls Industries
Introduction
Huntington Ingalls Industries is an American based company that deals in shipbuilding. It is the largest military shipbuilding company in the country. It provides a wide range of services to its partners in the industry and government. Apparently, the government is ranked at no. 371 fortune 500. It was formed back in 2011 as part of the Grumman company. The high profitability index of the company has enabled it to increase its productive and promote diversity. Currently, the company has three divisions that play an integral part in its daily operations Technical Solutions, Ingalls Shipbuilding and Newport News Shipbuilding. The divisions ensure that the company daily operations take place in a highly coordinated manner that plays a key role in the creation of order and understanding.
Our organization's generic strategy or strategies.
Huntington Ingalls Industries is keen at applying generic strategies to ensure that it creates a perfect position within the military shipping industry. It applies the generic strategies to ensure that it remains competitive by providing high standard products within the market that has a positive appeal within the industry that they operate within. A look at the management explains the competitive strategies that the company is keen at applying when it comes to strategies. The use of porter generic strategies is a key factor that Huntington Ingalls Industries is keen at applying (Pretorius, 2018). Cost leadership strategy is part of the management practice that the company is keen at applying. It gives the company a competitive advantage by ensuring that the company increases its profitability rates while still charging averagely for its products. It also increases the market share by charging much lower prices.
The company ensures that it applies the differentiation strategy. The practice enables the company to come up with products that are differentiated from others. This applies when the company builds ships with unique and effective features that perfectly applies to the market. The activity is achieved through the use of perfect research, innovation and development. The capability of delivering high level of innovation and development. The application of effective sales and marketing strategies that would ensure that the company u8nderstand the strategies that the companies apply (Pretorius, 2018). This are effective measures that the company apply to ensure that the growth of the market size is experience. The strategy has played a key part in the development of the strategies that have proven to be quite effective.
The application of the generic focus strategy is a key factor that the company is keen at utilizing. It is evident that the practice enables the company to be highly productive in the market. The focus strategies enable them to concentrate on its market niche enabling it to be highly effective in the development of goals and other effective matters of concern. Lastly, the choosing the right strategy is a key factor that Huntington Ingalls Industries focuses on. The activity enables the company follows the correct set up (Pretorius, 2018). This is an important factor that the management is keen at applying based on the positive implications that is developed in the practice. It is a perfect measure that provides the company with the required direction.
Any diversification strategies the organization pursues.
Huntington Ingalls Industries is keen at diversification which is a practice that positively work for it. It is a perfect process that facilitates understanding and uniqueness. This is a beneficial activity that leads to the creation of beneficial measures that enable the company to have a competitive advantage over its competitors. The company focuses on understanding the industrial gaps within the market and develop an acute understanding of the process. The identification of the industrial gaps enables the company to diversify based on a gap that is likely to generate more profit for it within the market. The activity enables the company to create a perfect position with the country. This is an effectual that enables people to have a [perfect understanding on the process.
The participation of the management and the relevant stakeholder is one of the beneficial practices that the company is keen at utilizing. It is a beneficial practice that facilitates the company to come up with a perfect understanding of the process. The need to develop perfect, measures that positively reflects on the needs of the market is part of the diversification process. Today, the company has diversified into ship servicing which is a key factor that has enabled it to positively increase its profitability levels. It is a beneficial practice that facilitates the company to be highly effective in dealing with complicated practices that involves the management of the organization. Therefore, the development of perfect procedures of diversification is a key factor that needs to be conceptualized.
Any international moves made by your organization. Does it operate internationally? In what format(s)?
Huntington Ingalls Industries has taken initiative of expanding to the global market. It is a key move that would ensure that the company increases its productivity. Apparently, the move has been positively received by the market. Most governments have partnered with the company to ensure that they have a supply of quality military ships and boats that they can use for the navy (Kochhar & Hitt, 2018). Most government within southern America, Europe, Asia and Africa have taken the initiative of partnering with the company based on the privilege that comes with paring with the company. The action has positively turned out as the market is willing to participate in the process considering the benefits that would be associated with the process.
The expansion moves of the company mainly involves partnering with other local companies and government to produce quality products for the market. It is a positive practice that has led the company to improve its productivity rate in a positive way. The factor facilitates the company to have a competitive advantage over other military shipping companies in different parts of the globe (Kochhar & Hitt, 2018). The combination of the diversification and generic strategies play a key part in ensuring that the company has a perfect position with the industry that they operate within. Ideally, Huntington Ingalls Industries has managed to operate in the international market perfectly based on their understanding of the market needs and other important factors that need to be broadly conceptualized in this particular case. Therefore, the international moves of the company have positively worked for it.
What ethics policies and practices does your organization have in place?
Ethics is a fundamental value that Huntington Ingalls Industries is keen at retaining. It is a beneficial measure that leads to the adaptation of appropriate practices that focuses on the interests of the people. Huntington Ingalls Industries ensures that it observes basic company ethics to promotes positive organizational culture within the company. The practice positively works for the company within the competitive market that it operates within. The ethical practices of the company entail corporate social responsibility it ensures that companies have the basic obligation to provide protection to the community. The action entails that the activities that they do in the building process does not cause any form of environmental harm to the surrounding community. It is an effectual process that the top management is keen at observing that the norm is observed.
The observation of business and financial ethics is a positive practice that positively plays out for the company. Huntington Ingalls Industries is keen at ensuring that the finance is placed in order which is a key factor of concern. The action enables the company to come up with a positive practice that leads to the development of profits (Ostlund, 2018).. Financial ethics of the company enables the company ensures that the company observes a high level of integrity that plays an important role in the creation of solutions in terms of survival and profitability. the company has managed to expand and survive within the competitive market based on its observation of the financial ethics. It positively works for it as it promotes the generation of profit in the sector.
Taking care of employees is a key ethical factor that Huntington Ingalls Industries Is keen at observing. This is based on the that the practice is highly beneficial as it leads to the [positive development of the sector. The activity leads to the effectual development of process such as retirement and health benefits that the employees need to have in order for them to be highly productive to the industry (Ostlund, 2018).. It is a beneficial practice that facilitates a perfect understanding of the procedure. It is an ethical practice that needs the creation of a perfect Human Resource department that focuses on the interest of the community in a beneficial way that focuses on the benefits that comes with positive office practices. Apparently, addressing the employee’s problem is a practice that enables the company to be highly productive.
Does your organization practice social responsibility? In what way(s)?
Social responsibility is a practice that demands a perfect understanding of the market. It is a practice that entails the participation of specified sectors that are responsible in the promotion of a perfect understanding to the underlying processes and measures. Activities such as hearing to the consumer appeals is a way that the company ensures that it promotes positive social practices (Valentine & Fleischman, 2014). The activity entails listening to the complaint that the consumer gives on their ships and working to ensure that the issues is addressed. Factors such as noise makes up one of the basic complaints that Huntington Ingalls Industries is keen at coming up with apparent solutions that work at addressing the matter based on the complications that I involved with the entire process.
The company ensures that it observes social responsibility by participating in charity events within the society. The activity has enabled the company to effectively expand its services to other sectors of the economy. Apparently, the company participates in important social activities such as the construction of social amenities in which the members of the public can positively benefit from it. It is an activity that is highly effective in the creation of a positive social image for the company within the industry that it operates within (Valentine & Fleischman, 2014). The process is highly effectual in the development of goals and other key factors that are effectual in the development of company goals and other important practices that the companies need to be keen at observing.
What are your organization's environmental sustainability practices?
Observing environmental sustainability is a key practice that the company is keen at observing. The activity works at ensuring that the company observes proper ethics that is interested on the company performance and other dominant issues that reflects the basic interest of the company in terms of operations and other effectual practices (Ostlund, 2018). A look at the basic company interest in terms of productivity is a key factor that facilitates the observation of order by the production team. The creation of the disposal unit ensures that the water that the company uses is perfectly treated before the product is disposed to the market. The practice leads to the creation of units that are focused on the interest of the market.
The preservation of marine life is a key factor that the company is keen at observing. The practice is based on the fact that the company is keen at observing marine law in its production. The action works at ensuring that the waste oil is not disposed in the sea. Rather a disposal mechanism is created in which the wasted oil is disposed through the creation of an environmental ethics consideration (Valentine & Fleischman, 2014). The practice has played a key part in the creation of a positive image within the company. The practice demands a perfect solution to the practice. It focuses on the positive interest of the community which is a key factor that promotes understanding within the market that the company operates.
Conclusion
The divisions ensure that the company daily operations take place in a highly coordinated manner that plays a key role in the creation of order and understanding. Huntington Ingalls Industries is keen at applying generic strategies to ensure that it creates a perfect position within the military shipping industry. It applies the generic strategies to ensure that it remains competitive by providing high standard products within the market that has a positive appeal within the industry that they operate within. Taking care of employees is a key ethical factor that Huntington Ingalls Industries Is keen at observing. This is based on the that the practice is highly beneficial as it leads to the [positive development of the sector. Taking care of employees is a key ethical factor that Huntington Ingalls Industries Is keen at observing. This is based on the that the practice is highly beneficial as it leads to the [positive development of the sector.
References
Kochhar, R., & Hitt, M. A. (2018). LINKING CORPORATE STRATEGY TO CAPITAL STRUCTURE: DIVERSIFICATION STRATEGY, TYPE AND SOURCE OF FINANCING. Strategic Management Journal (1986-1998), 19(6), 601.
Ostlund, L. E. (2018). Are middle managers an obstacle to corporate social policy implementation?: The results arguments for and against corporate social responsibility involvement priorities attached by managers to corporate social responsibility areas attitudes regarding specific social problem areas manager involvement in policy formulation manager involvement in implementing policy the relationship between manager involvement and attitudes toward the corporate social responsibility area correlation coefficients between manager attitudes toward corporate social responsibility areas and corporate priorities perceived difficulty in addressing corporate social responsibility areas obstacles to implementation conclusions NOTES REFERENCES. Business and Society (Pre-1986), 18(2), 5.
Pretorius, M. (2018). When porter's generic strategies are not enough: Complementary strategies for turnaround situations. The Journal of Business Strategy, 29(6), 19-28.
