APA format, Proposal for organizational development change , 8-10 pages
Strategy Report Huntington Ingalls- Newport News Shipbuilding
Khalia Hart
MGMT 670 – Strategic Management Capstone
University of Maryland - University College
September 22, 2019
Introduction
Huntington Ingalls is a shipbuilding company located in Pascagoula, employing over 11500 workers making it the biggest manufacturing employer within Mississippi contributing extensively to the economic growth of Mississippi as well as Alabama regions. Primarily, the mission of Huntington Ingalls is involved in the production of nuclear as well as non-nuclear ships, to offer ships, state-of-the-art as well as related services to the United States military.
Looking at the business model, Huntington Ingalls manages its extensive shipbuilding business by its Huntington Ingalls integrated subsidiary that is prearranged into two reportable business sectors comprising of Ingalls Shipbuilding that incorporates the industry’s non-nuclear ship design, re-establish, construction, as well as upholding businesses; and Newport News Shipbuilding that incorporates the industry’s general nuclear ship design, manufacture, overhaul, refueling, as well as re-establish and safeguarding measures.
Vision and Mission
Following the company’s legacy over 81 years, the vision of the company is to continue building more different kinds of ships compared to any other shipbuilding industry in the United States of America. Also, the mission of the Huntington Ingalls is primarily to be involved in the production of nuclear as well as non-nuclear ships, having the intention to offer the United States military with excellent state-of-the-art, better ships, with associated services.
Company Value
The company values describe what they want to be and the way the company’s resolutions, as well as actions, demonstrate the maximum standards of professionalism and good ethical behavior that by adhering to the given values, they believe it shall create lasting benefits to their employees, clients, partners, communities as well as industry suppliers. The values include highest standards ethics and integrity, employee safety, honesty to all our staff and customer, engaged workforce, personal responsibility, and improvement of performance.
Company Operation
Furthermore, Huntington Ingalls manufactures and designs nuclear as well as non-nuclear ships, mostly for military intentions. The industry carries out the greater part of its trade with the United States Government, predominantly the Department of Defense, engaging in a variety of advanced defense technology programs. Also, Lally (2016) pinpoints that the shipyard is growing each year and has shifted to better diversity and addition of employees. Moreover, they have begun new technology and innovation in shipbuilding, making it ever-growing and obtaining contracts for up to almost coming 15 years as it essentially focuses on its customer plus industry shareholders. Huntington Ingalls gains a slighter fraction of its revenue in contracts given by commercial customers. This customer fraction principally consists of industries working in the oil energy and gas companies to which it offers a variety of products and services, comprising heavy industrialized equipment designed for marketable nuclear power services as well as the function, managing, and cleaning of ecological hazard places.
According to Poulfelt and colleagues (2017) explain that the company’s vision, mission, and objectives support its business strategy as the Huntington Ingalls produces its revenue through the inventing as well as sales of ships. Additionally, most of the industry’s revenue is obtained from continuing contracts given by the US government for design, manufacture, and support actions predominantly helping the US Navy and Coast Guard. Moreover, besides its main shipbuilding tasks, the company generates a minute fraction of its revenue by providing some of the products as well as services to trade clients, who carry out the production of manufacturing equipment and some energy associated services. Furthermore, Huntington Ingalls performs strongly with a variety of industries and organizations to invent its ships in addition to the allocation of its services.
Company Strategy
Following Westerman (2018) claim that the Huntington Ingalls Industries strategy features are to influence performance enhancement to generate customer value. Essentially, the company strategy is to achieve high performances in the four pillar of company success that comprise good quality, expenses, schedule, and security. It, therefore, focuses on intensification and safeguarding the new market position in addition to winning a new market segment. Also, the company implements a well-built program together with chosen capital investment to sustain the latest and present investment as another Huntington Ingalls strategy to win and strengthen latest market segments.
Finally, the industry employs an investment in the workforce as another strategy to attain market efficiency. It utilizes effective management to attain strategy competitive advantages and to further improve the growth of the company as management largely deals with better competitive positions intended for coming business opportunities (Westerman, 2018). Therefore to achieve constant performance development, the company employs addition research as well as development to produce quality products and services to United States government. However, with United States government planning to slash their security expenditure budget; Huntington Ingalls must broaden its horizons so as to boost its financial levels.
References
Huntington Ingalls Industries. Retrieved from https://www.huntingtoningalls.com/who-we-are/
Lally, S. (2016). Changing Attitudes Around Worker Health.Professional Safety, 61(6), 54.
Poulfelt, F., Olson, T. H., Bhambri, A., & Greiner, L. (2017). The changing global consulting industry. In Management Consulting Today and Tomorrow (pp. 5-36). Routledge.
Westerman, G. (2018). Your Company Doesn't Need a Digital Strategy. MIT Sloan Management Review, 59(3), 1-5.