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