S government (V. R. Petrescue & I. F. Petrescue, 2013). Northrop Grumman understands that being a technology driven company, its success solely depends on the performance of its workforce. Hence, a qualified team of experts is mandatory. The company imparts training for the development of its employees and will continue to so in the future (Reynolds & Stair, 2009). The company undertakes projects based on future estimates. If there are any changes in the estimates taken by a large margin, it may affect profitability and cash flows of the company. Hence, to ascertain a more likely scenario, while calculating estimates, it is necessary for the firm to undertake the thorough study of present and future market conditions, changes in the economy and trade-related regulations as well as changes in the political scenario. The firm relies hugely on its suppliers and subcontractors for different raw materials and components. So, it becomes important for the firm to analyze the credibility of these suppliers. For this, it relies on appraisal reports and other technical analysis strategies. To strengthen such endeavors, the firm has chosen to develop long-term ties with its existing suppliers for their future endeavors. Northrop Grumman: The Overall Structure of the Company.
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Petrescue, V. R. & Petrescue, I. F. (2013). Northrop Color. Norderstedt: Books on Demand.
Reynolds, G. & Stair, R. (2009). Principles of Information Systems. Conneticut: Cenage Learning.
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