Purpose of Assignment Need an operational tactics and strategic goals planning P
ID: 384733 • Letter: P
Question
Purpose of Assignment
Need an operational tactics and strategic goals planning Paper on Raytheon Based on the questions listed below:.
SWOT Analysis
Raytheon
MGT/521
Introduction
Raytheon is a defense contracting company dealing with joined security systems, electronic warfare and missile defense, intelligence data and services, missile systems, a wide range of precision weapons, and space and airborne systems (Raytheon, 2017). It has a long history of 92 years and still going of producing the best equipment and services for many worldwide government organizations. This organization is the third biggest contractor in the US. Raytheon was originated in an Institute of Technology located in Cambridge, Massachusetts.
SWOT Analysis
Interview Questions for Leader/Manager
What are some of the internal strengths of Raytheon?
Research & Development
Strong Management Team
Strong Free Cash Flow
What are some of the internal weaknesses of Raytheon?
Low Morale
Difficult Agreements
Different work culture
What are some of Raytheon’s external opportunities?
Opening New Markets
Government Agreement to open new markets
Lower shipping prices
What are some of Raytheon’s external threats?
Competitors
Different Laws
Highly Profitable Goods
Raytheon SWOT Analysis
Strengths
Research & Development:
Raytheon is one of the largest manufacturers that produces weapons and profitable electronics for the military worldwide. Its research and development are a strong area that Raytheon possess. Raytheon’s careful and precise outline helps them make high-tech weapons and other electrical equipment.
Strong Management Team:
Raytheon has a dedicated management team that leads and enforces the standards to make the organization operate successfully. The organization offers many different types of training to its employees to encourage employee motivation, so they can achieve more. Raytheon functions successfully because of its highly-skilled promoters, directors, and administrators that let the company function successfully with its firm.
Strong Free Cash Flow:
Raytheon company maintains a high free cash flow within their organization. This high free cash flow gives Raytheon the advantage to produce new products for them to have new projects.
Weaknesses
Low Morale:
Raytheon employees are not too happy about working with machines doing all the work. With the machines doing all the work affects the employee’s time and pay. This causes the employees to have low morale. The lack of support from the workers can cause Raytheon to fail.
Difficult Agreements:
Another weakness for Raytheon is having trouble getting agreements with other popular contractors. They failed at expanding their business as a main contractor for different equipment and electronics.
Different work culture:
Due to having different type of employees, Raytheon is not very effective at joining in organizations with diverse work views, customs, and attitudes. They are not successful at merging businesses with dissimilar work culture.
Opportunities
Opening New Markets:
Raytheon has developed a new market in the scientific field. They have tested aerospace electronics to be successful. This have given Raytheon the opportunity to open new markets with military government.
Government Agreement to open new markets:
The approval of new high-tech policies and free trade agreement with the government gave Raytheon a chance to enter a new developing market.
Lower shipping prices:
Reducing the price of transporting their products can lower the cost of Raytheon goods, therefore, benefiting a chance to the organization. This could either increase its profitability or give their customers benefits to take advantage of the market share.
Threats
Competitors:
Raytheon has a broad range of different threats. The main threats towards Raytheon is competition growing from other industries. Other competitors such as North Grumman, Boeing Company., and Alliant Tech systems are constantly expanding in a lot of the same areas. They are developing a lot of high-tech electronics similar or better than Raytheon that are causing their profits to increase and affecting Raytheon profits.
Different Laws:
Raytheon company is affected by laws in different countries. Every country has their own laws and policies that are in place and that can tremendously affect a business. If the company does not go by these laws, their organization could get fined.
Highly Profitable Goods:
Raytheon profitability could get impacted by requests of high demands of valuable products. Their profitability could get impacted during the busy season by unexpecting events. This could cause the company profitability to dramatically decrease or increase.
SWOT Analysis Table
S – Strengths
(Internal Strengths)
W – Weaknesses
(Internal Weaknesses)
Research & Development
Strong Management Team
Strong Free Cash Flow
Low Morale
Difficult Agreements
Different work culture
O – Opportunities
(External Opportunities)
T – Threats
(External Threats)
Opening New Markets
Government Agreement to open new markets
Lower shipping prices
Competitors
Different Laws
Highly Profitable Goods
References
Finnegan, P. (2014). Raytheon Strengthens Market Positions. Retrieved from The Tealgroup: http://tealgroup.com/index.php/teal-group-news-media/item/raytheon-strengthens-market-positions
Lutzenberger, T. (2017). Raytheon SWOT Analysis. Retrieved from bizfluent: https://bizfluent.com/about-5991225-raytheon-swot-analysis.html
Raytheon Company. (2017). Retrieved from https://www.raytheon.com/ourcompany/
Assignment Steps
Resources: Ch. 5, 6, and 7 of Management: A Practical Introduction; SWOT analysis for the organization used in Week 3; company strategic plan; video creator such as Kizoa Movie Maker.
Scenario: You have been promoted to senior level manager of a company with low employee morale and decreased productivity. You have been tasked with developing a strategic plan for the workforce to present to the CEO and other members of the leadership team.
Develop a 1-year strategic plan of action for Raytheon.
Include plans for any additional staffing and the proposed budget for your plan. Modify your SWOT analysis, if necessary, for your presentation.
Create a 10- to 12-slide PowerPoint® presentation including the following:
Explain rationale for plan
Discuss SWOT of organization
Summarize one year plan of action
Flowchart of one year plan
Give an overview of Budget for plan
Evaluate the potential benefit of the plan
Write conclusion
Develop a 700-word summary for the Executive team. Append your budget and SWOT analysis to the plan.
Create a 2- to 3-minute motivational video for the workforce highlighting your leadership style as an asset to the organization and the workforce and your assigned task.
Format your assignment consistent with APA guidelines.
Explained the rationale for the strategic plan
Examined the results of the internal environmental scan findings in the analysis
Discussed the findings of the scans as they relate to relevant research.
Summarized a one-year plan of action based for the organization based on findings.
Included a flow chart of the plan
Provided an overview of the potential budget for the plan
Evaluated the potential benefit of the plan
The paper is 700 words in length
Explanation / Answer
Strengths :- One of Raytheon's greatest internal strengths continues to be its cash position. The company is recently realizing a boom in international sales revenue for its products and services, and it has enough cash on hand to pay for both increased equity buyback and additional development and research. As a company that makes systems work rather than a one pony show with all its money on one product, Raytheon has insulated itself a bit from significant downturn if specific projects are lost. The integration side ensures Raytheon's involvement in government work because it provides the technology that other projects to rely on. The company is also structured into divisions, covering integration, missile systems, intelligence, networking, space and air and technical services for special projects. This helps Raytheon maintain a broader product line rather than relying on one program for revenue. Weaknesses :- Internally if the company decides to offset its possible military revenue losses with international sales, too much of a balance shift could leave Raytheon exposed later when international sales fall off. The weak U.S. dollar can help somewhat but then this forces Raytheon into a price war in which it is seen as a bargain bin rather than a equity service. Further, given the fact that Raytheon's product line is predominantlu military based, it has no true diversification in other industries to offset a downturn in military demand. Opportunities :- Raytheon is heavily invo;ved in aerospace and space development, which continues to be in the forefront of advanced military demand and needs. With the recent successful test of a laser on a plane shooting down a launched missile, whole new markets are developing on the aero-defense side, offering new avenues for Raytheon to pursue. Threats :- As an external threat, federal government whims and political forces constantly affect Raytheon's continued success. With the change in Congress and the presidency from a conservative to a more liberal position. Raytheon may see budget cuts from the government affect current projects and new business. Also, competition will continue to be fierce as the national government streamlines programs due to fiscal constraints. Main competitiors include Boeing, Lockhead, Honeywell and others, all of whom are prime contractors and well involved in lobbying for projects and winning contracts. Given the possibility of fewer dollars available in total for projects, Raytheon will easily survive competitive forces but will likely find its profit margins squeezed. Conclusions :- From a busines strategic perspective, Raytheon is significantly dependent on military sales. It has offset softness in the American economy with overseas business, but the revenue streams are primarily in the same industry area. Given that full diversification in a brand new industry is expensive, Raytheon will need to boost its efforts on research and development to stay ahead of competition and win out on scarcer contracting dollars.
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