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I am truly honored to be named Executive of the Year by this prestigious organization and -- in the presence of so many outstanding leaders here today -- more than a little humbled To be included among the highly accomplished leaders who have received this award in previous years is indeed a great privilege The National Management Association is one of this countrys great leadership assets and I accept this honor on behalf of the 130000 employees of the Lockheed Martin Corporation And considering the fact that I have been CEO of the company for all of 13 weeks now I must say I am very encouraged by your confidence in my future prospects I thank you very much for this singular honor I would like to use our time together to share a few thoughts - a more personal view of leadership - based on the observations of both leaders and followers and successes and failures Let me begin with an important architectural distinction In my experience there is a critical difference between leadership and management although in our busy daily executive lives the demands for each are often fused together in the compression of time and action Management is primarily about dealing with complexity the rule seems to be the more complexity we deal with the higher our level of management To responsibly manage complexity a solid framework is absolutely vital You might think of good procedures Structured Thoroughly tested Effective management is based on applying and refining good process - thats where we spend considerable time as professionals - and it is a very necessary component of the successful enterprise Make no mistake Conceptualizing developing and launching a rocket and spacecraft called Stardust to proceed on a 7-year 3-billion-mile mission to intercept the comet Wild-2 traveling through our solar system at 14000 mph to converge on that comet within 146 miles which is an orbital
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