Lockheed Martin Code Of Ethics

Culture, Climate, and Ethics – Preliminary Summary

Introduction

Over the years, a number of companies have been implicated in business scandals involving issues such as stealing, cheating, violating company policy, or breaking the law. These scandals can ruin the reputation of an organization and cause the business to fail. The study of organizational behavior tells us that an organization’s culture and climate have a direct impact on the organization’s ethics. Currently, Lockheed Martin’s culture and climate contribute to a healthy and ethical environment. However, given current events the organization must continue to monitor key performance indicators and revise its ethics program as necessary.

Overview

Charles Glisson, PhD, a national

Ethics are woven into Lockheed Martin’s values (“Do What’s Right; Respect Others; Performance with Excellence), the corporation’s governance (Ethics and Sustainability Special Committees), employee satisfaction surveys, and performance objectives. Lockheed Martin clearly understands the consequence of not doing business ethically. In the case of Lockheed Martin, ethics violations could cause the corporation to lose its reputation, lose customers, incur large financial penalties, be debarred as a government contractor, and go out of

In Lockheed Martin’s case, leadership must carefully analyze key performance indicators related to culture, climate, and ethics to ensure the current ethics program is still effective. After analyzing key performance indicators the corporation must take the appropriate action to mitigate any identified risks. The mitigation efforts could involve actions such as providing transformation leadership training, social-skills training (Cuadra-Peralta, 2017), fostering an environment where it is demonstrated that the organization cares about employees and their perceptions (Falke, 2004). In addition, the organization can promote work life balance, referring employees to Employee Assistance Programs, and increasing the promotion of the ethics program. Finally, the corporation should review and revise its current ethics training modules and resources as necessary to ensure the programs continued effectives given the changing