Capital West Advisors lockheedslides analysis

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Capital West Advisors

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Skunk Works and Lockheed Martin’s Culture Skunk Works - The Role of the Founder  Strong Influence of Kelly Johnson for 42 years  Hand-picked personnel  Infamous Kelly’s 14 rules  Skunk Works’ independence Skunk Works’ Employee Pride  The Best of the Best  Highly patriotic  Their work impacted Nation’s security  Advance research = innovation Lockheed and Martin Marietta premerger cultural background  Both companies subject to hostile takeover attempts  “One company, One team” – merger of equals  Both under financial pressures  Martin Marietta’s more formal structure Skunk Works Re-defined  LM restructured in 2000 Works no longer autonomous  Skunk  “Save the Skunk!” – logo and Kelly’s rules dumped Skunk Works and LM five years later – the perspective LM use its experiences from the merger in 1995 when it restructured in 2000?  Was the Skunk Works transition managed correctly or did the company underestimate impact?  What were the consequences of losing independence for Skunk Works employees?  Did Financially Inspired Changes The Hard Truth Cold War had ended  All eggs in one basket  Keep your enemies close syndrome  The government was less concerned with innovation  The The Solution  Mergers and acquisitions = larger market share  Global Markets  Cross Selling  Laying off workers  Consolidating and building one name brand  Cutting common costs How did this affect Skunkworks??? Profit versus Research  Skunkworks who???  Savings based incentives 

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