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Business
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| Number of pages / Number of words: |
3 / 713 |
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Lockheed Martin is the world's largest defense contractor.
Lockheed Martin Corporation has estimated annual sales of $37 billion (Wikipedia, 2008). Since 1950's, Lockheed has used small dedicated project teams to resolve problems and/or develop products at the lowest cost and at the fastest time possible...
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These project teams are called Skunk Works. Skunk Works refers as both the division of the same name within the Lockheed Martin Corporation and the organizational model popularized by that division's success at managing time-sensitive, complex projects. The latter sense is used in engineering and technical fields to describe a group within an organization given a high degree of autonomy and unhampered by bureaucracy, tasked with working on advanced or secret projects...
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