Leading Organization & People : Project Plan
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Townes_Robert_org_strategy_and_analysis.docx1
Situation Audit report (Step 4, 5 & 6)
Robert E. Townes
University of Maryland Global Campus
MBA PRO 610: Leading Organizations and People
Dr. Evelyn Gonzalez-Figueroa
February 9, 2021
Organizational Strategy and Analysis
Organizational Strategy
Raytheon Technologies strategy is to define the future of aerospace and defense while generating growth through diversification (Dsouza 2019). Raytheon Technologies was created by two quintessential brands with a shared commonality of client focus, sound execution and transformation. The integration of these two organizations will have unmatched scientific-know-how and expanded research and development ability that will promote investment while addressing client priorities (Dsouza 2019).
Raytheon Professional Services (RPS) is a team of consultants and learning experts that identify innovative solutions that can adapt to the unique needs of any company. “They can help an organization who is searching to strengthen their overall business objectives, build an effective leadership development training strategy, or seek to better align both” (Raytheon RPS 2020 Strategic Alignment). In order for the organization to take action and set strategic direction the leadership must have vision to meet the need of an expanding enterprise.
Analysis
Raytheon Technologies long-term performance innovation plan assist customers by putting an end to waste and developing top of the line systems to upgrade performance (Raytheon P. I. 2020). The balanced scorecard (Appx Fig. 2) illustrates my prediction of how Raytheon may possibly construct their framework for mangers to use as a performance tool measurement. Raytheon pledges to expand international business and continue to remain a customer-centered organization based on performance, relationships, and solutions.
Strategy Types
Raytheon Technologies Corporation’s proven Business Level Strategy has made them a premiere leader in advanced technologies worldwide. United Technologies Corporation merged with Raytheon in 2020. Together they supply state-of-the-art aerospace, defense systems and services to commercial, military and government customers keeping competitive with Boeing and Lockheed Martin (Chappell 2019).
Competitive Advantage
Raytheon Technologies is the second largest aerospace and defense company in the U.S. and has successfully continued to grow through its government contracts and company mergers. It has built its reputation in four key areas, Integrated Defense Systems, Intelligence, Information and Services, Raytheon Missile Systems. Raytheon has upheld its credibility and reputation with their customers, shareholders and has won many awards and accolades. Raytheon has over 700 patents and has the capability to produce technologically advanced products that are reasonably priced.
Core Competencies
Raytheon believes they have a responsibility to make the world a better place. Raytheon embraces diversity and heavily supports programs that are shaping the next generation of motivated innovators while making a transcending influence on local communities worldwide.
In 2020 United Technologies, a leading aerospace company and Raytheon, a major defense company combined together to form the company named Raytheon Technologies Corporation. The new corporation will offer technology, research and development capabilities to distribute innovative solutions aligned with customer priorities. After the execution of the merger Raytheon shareowners will own approximately 43% and United Technologies shareowners will own approximately 57% of the company combined. The composition of the Board of Directors will consist of 15 members 8 directors from United Technologies and 7 from Raytheon. Tom Kennedy will be assigned executive chairman while Greg Haynes will assume the duties of CEO for Raytheon technologies.
References
Appendix
Balanced Scorecard
https://www.salesartillery.com/fs/fortune-500-aerospace-defense-2019
Bookings ($M)
Net Sales ($M)
Earnings per Share from Continuing Operations
Operating cash Flow from Continuing Operations
Raytheon’s Growth Strategy
Build areas of strength,
Focus on emerging opportunities Extend cyber solutions
Engage key countries
Raytheon Overview
Sales by Business
Sales by Geographic Area
The Raytheon Edge
Innovative leader in Technology development
Focus on execution & efficiency
Robust Financial Performance
Appendix
Organizational Structure
Board of Directors
CEO
President
Domestic Sales
Production Control
R&D
Department
Overseas
Sales Dept
HR & Logistics
Department
QC
Department
Operation center
Manufacturing Center
Product R&D
Center
Marketing Center
Planning Department
Quality Center
Vice General Manager
Vice General Manager
