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University of Waterloo Lockheed Martin Ethics Fabric of Business Paper

University of Waterloo

Question Description

I’m trying to study for my Business course and I need some help to understand this question.

Lockheed Martin is known for its ethical culture. Watch the video linked below to learn more about how it ensures an ethical culture through its formal and informal systems. Prior to watching the video read through the questions listed below. After watching the video, answer each question. You may submit your answers as a Word document or through the textbox provided in Canvas. Number each question to correspond to the questions listed below. Your answers should be one to two sentences. Each question is worth two points.

  1. How does Lockheed Martin use organizational communication to ensure that ethical standards are understood?
  2. Why must organizations develop a unique internal message and set of tools for communicating ethics?
  3. What are some components of LM Ethics Reporting System?
  4. How does LM ensure that Ethics Training is consistent, relevant, and timely across the organization?
  5. From a performance perspective, how does LM ensure that managers achieve their objectives and goals in an ethical manner?
  6. What is the relationship between LM’s culture and ethical standards?
  7. How does LM ensure that international business units adhere to the same ethical standards?
  8. Describe different aspects of LM's formal and informal systems used to achieve an aligned ethical culture.

THE VIDEO LINK: https://www.youtube.com/watch?v=ONeS5tnUy6E

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Final Answer

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Ethics The Fabric of Business - A Case Study of Lockheed Martin
Name
Institution
Professor
Course
Date

1. How does Lockheed Martin use organizational communication to ensure that
ethical standards are understood?

The Lockheed Martin has provided for open communication channels where all
employees have the freedom to ask ethics-related questions to the ethics officer and other
managers at any given time. Also, the organization management provides regular and
consistent communication regarding the ethical standards that must be maintained within the
organization and unethical activities of acts that must be avoided at all times.

2. Why must organizations develop a unique internal message and set of tools for
communicating et...

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