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Organisational Structure of Goodrich Corporation

Discuss Organisational Structure of Goodrich Corporation within the Human Resources Management (H.R) forums, part of the PUBLISH / UPLOAD PROJECT OR DOWNLOAD REFERENCE PROJECT category; Goodrich Corporation (NYSE: GR), formerly the B.F. Goodrich Company, is an American aerospace manufacturing company based in Charlotte, North Carolina. ...

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Netra Shetty
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Organisational Structure of Goodrich Corporation - February 4th, 2011

Goodrich Corporation (NYSE: GR), formerly the B.F. Goodrich Company, is an American aerospace manufacturing company based in Charlotte, North Carolina. Founded in Akron, Ohio in 1870 as Goodrich, Tew & Co. by Dr. Benjamin Franklin Goodrich. The company name was changed to the "B.F. Goodrich Company" in 1880, to BFGoodrich in the 1980s, and to "Goodrich Corporation" in 2001.
In 1869 Benjamin Franklin Goodrich purchased the Hudson River Rubber Company, a small business in Hastings-on-Hudson, New York. The following year Goodrich accepted an offer of $13,600 from the citizens of Akron, Ohio, to relocate his business there.
The company has a history of innovation. As B.F. Goodrich, the company became one of the largest tire and rubber manufacturers in the world, helped in part by the 1986 merger with Uniroyal (formerly the United States Rubber Company). This product line was sold to Michelin in 1988, and the company merged with Rohr (1997), Coltec Industries, and TRW Aeronautical Systems (formerly Lucas Aerospace) in 2002. The sale of the specialty chemicals division and subsequent change to the current name completed the transformation. In 2006, company sales were $5.8 billion dollars, of which 18%, 16% and 12% of total revenues were accounted for by the U.S. government, Airbus and Boeing, respectively.[1]
In 1936 the company entered the Mexican market in a joint venture with Euzkadi (Now part of Continental AG) (named:Goodrich-Euzkadi). The Troy, Ohio plant was purchased in 1946 from Waco. Since then, Goodrich has manufactured wheels and brakes for a variety of aircraft. Among these are commercial, military, regional, and business programs. This successful operation lies at the core of Goodrich's business. Competitors include the aerostructures divisions of companies such as Honeywell, Messier-Bugatti, Aircraft Braking Systems, (Howmet/Huck) and SNECMA.

CEO

Lloyd Blankfein

Vice Chairman of the Board

John Weinberg
Director

Claes Dahlback

Director

Lois Juliber

Director

Lakshmi Mittal

Director

William George
Director

Stephen Friedman

Director

James Johnson

Director

John Bryan

Director

James Schiro
CFO

David Viniar
COO, Investment Banking

JE
Legal & Secretary

GP
Legal & Secretary

ES

Compliance

Alan Cohen

Human Capital Management

Kevin Kennedy
Chief Economist

JO

Co-COO

Gary Cohn

Secretary

John Rogers

Goldman Sachs Asia

Michael Evans
Co-CEO International

MS


Government regulations and guidelines have been put into place in many organizations to ensure security standards and compliance. The Federal Information Security Management Act (FISMA) was put into place to ensure information security for the government. All government agencies and organizations which do business with the government are required to comply. The Statement on Auditing Standards 70 (SAS 70) was put in place to ensure internal controls, and ISO 9000 provides requirements on good management practices.

Each of these regulations exemplifies formalization methods implemented to improve performance and mitigate risk. Organizations which have implemented FISMA, ISO 9000, or any industry best practices, may not outwardly espouse the ideas of the rational system, but support the structure just the same.
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James Cord
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Re: Organisational Structure of Goodrich Corporation - April 2nd, 2016

Quote:
Originally Posted by netrashetty View Post
Goodrich Corporation (NYSE: GR), formerly the B.F. Goodrich Company, is an American aerospace manufacturing company based in Charlotte, North Carolina. Founded in Akron, Ohio in 1870 as Goodrich, Tew & Co. by Dr. Benjamin Franklin Goodrich. The company name was changed to the "B.F. Goodrich Company" in 1880, to BFGoodrich in the 1980s, and to "Goodrich Corporation" in 2001.
In 1869 Benjamin Franklin Goodrich purchased the Hudson River Rubber Company, a small business in Hastings-on-Hudson, New York. The following year Goodrich accepted an offer of $13,600 from the citizens of Akron, Ohio, to relocate his business there.
The company has a history of innovation. As B.F. Goodrich, the company became one of the largest tire and rubber manufacturers in the world, helped in part by the 1986 merger with Uniroyal (formerly the United States Rubber Company). This product line was sold to Michelin in 1988, and the company merged with Rohr (1997), Coltec Industries, and TRW Aeronautical Systems (formerly Lucas Aerospace) in 2002. The sale of the specialty chemicals division and subsequent change to the current name completed the transformation. In 2006, company sales were $5.8 billion dollars, of which 18%, 16% and 12% of total revenues were accounted for by the U.S. government, Airbus and Boeing, respectively.[1]
In 1936 the company entered the Mexican market in a joint venture with Euzkadi (Now part of Continental AG) (named:Goodrich-Euzkadi). The Troy, Ohio plant was purchased in 1946 from Waco. Since then, Goodrich has manufactured wheels and brakes for a variety of aircraft. Among these are commercial, military, regional, and business programs. This successful operation lies at the core of Goodrich's business. Competitors include the aerostructures divisions of companies such as Honeywell, Messier-Bugatti, Aircraft Braking Systems, (Howmet/Huck) and SNECMA.

CEO

Lloyd Blankfein

Vice Chairman of the Board

John Weinberg
Director

Claes Dahlback

Director

Lois Juliber

Director

Lakshmi Mittal

Director

William George
Director

Stephen Friedman

Director

James Johnson

Director

John Bryan

Director

James Schiro
CFO

David Viniar
COO, Investment Banking

JE
Legal & Secretary

GP
Legal & Secretary

ES

Compliance

Alan Cohen

Human Capital Management

Kevin Kennedy
Chief Economist

JO

Co-COO

Gary Cohn

Secretary

John Rogers

Goldman Sachs Asia

Michael Evans
Co-CEO International

MS


Government regulations and guidelines have been put into place in many organizations to ensure security standards and compliance. The Federal Information Security Management Act (FISMA) was put into place to ensure information security for the government. All government agencies and organizations which do business with the government are required to comply. The Statement on Auditing Standards 70 (SAS 70) was put in place to ensure internal controls, and ISO 9000 provides requirements on good management practices.

Each of these regulations exemplifies formalization methods implemented to improve performance and mitigate risk. Organizations which have implemented FISMA, ISO 9000, or any industry best practices, may not outwardly espouse the ideas of the rational system, but support the structure just the same.
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