...Boeing and its Management Planning Christopher Bayles MGT/330 October 2, 2011 Bill Escue Boeing is one of the biggest aviation companies in the world with relations to a number of different countries. They produce products for commercial and government use as well as have contracts with National Aeronautics and Space Administration (NASA). Management planning is one of the primary key focuses to Boeing because of the size of its massive corporation. They create some of the top high-end equipment for medical, commercial, and government use. The primary workings of the company includes goods that aid in the carrying of cargo, people, and other equipment used by the government. The Federal Aviation Administration (FAA) oversees the operation of aircrafts for safety concerns. Because of the safety concerns, Boeing conducts very extensive planning to operate a well-organized and successful business. Planning includes precautionary needs for the future, figuring out the departments’ objectives, activities that could be of some concern to a company, and a company's techniques they will need to accomplish a successful result (Boeing, 2010). During plans making Boeing has to consider the unpredicted problems so that there can be no possible mishaps that could happen. By setting obtainable goals in marketing, sales, mechanical markets and engineering, and updating and training employees to be more effective will ensure that the products exceed high expectations and...
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...Organizing Paper Boeing is the largest manufacturer of commercial and military airplanes, is the world’s leading aerospace company, and has a long tradition of leadership and innovation in the aerospace industry. Boeing is an international company headquartered in Chicago, Illinois, and employs more than 158,000 employees worldwide. The company’s corporate structure consists of the Boeing Commercial Airplanes and Boeing Defense, Space, and Security Divisions (Boeing, 2010). In the early 2000s Boeing struggled and was surpassed by Airbus in annual airline sales. Through the organizing function of management, Boeing is once again the leader in the aerospace industry, continues to build a competitive advantage, and is more flexible, innovative, efficient, and responsive to its customers. The organizing function of management follows the planning function and requires management to develop and organizational structure, assemble and coordinate the human, financial, physical, informational, technological, and other resources needed to achieve the organizations goals. To be effective, managers need to use new forms of organizing and possibly view people as the most valuable resource. Companies will departmentalize an organization during this function of management. Examples of departmentalizing an organization include organizing by function, product, geography, or customer. Although the organizing function of management consists of assembling and allocating the...
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...LONDON SCHOOL OF COMMERCE COLOMBO CAMPUS SRI LANKA MBA FOR EXECUTIVES Module Name: Financial Analysis and Management Student Name: Anuradha S. Illeperumaarachchi Module Lecturer: Mr. William Parrott Module Tutor: Mr. S. Skandakumar Date Submitted: 10/07/14 Total Word Count: 4193 Table of Contents 1.0 Introduction to the Report 3 2.0 Introduction to Airbus 3 3.0 Introduction to Boeing 5 4.0 Analysis of Financial Management 6 5.0 A comparative analysis of Airbus and Boeing 7 5.1 Airbus Group 7 5.2 Boeing 11 6.0 Examination of Key Stakeholders and Information Disclosure 14 6.1 Customers 15 6.2 Suppliers 16 6.3 Employees 16 6.4 Shareholders 17 7.0 Way Forward 18 8.0 References & Bibliography 19 1.0 Introduction to the Report This Consultant’s report has been compiled based on information gathered from the annual reports and financial statements of The Boeing Company and the Airbus Group (formerly EADS) for the year 2012. While analyzing the level of disclosure of both companies, this report aims to shed light on industry standards and critically examine whether the needs of key stakeholder groups have been sufficiently addressed in the chosen annual reports. Further suggestions for the improvement of these reports are also made in order to...
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...Management Planning – Boeing Boeing is the world’s leading aerospace company and the largest manufacture of commercial jetliners and military aircraft combined (Boeing, 1995-2010). To maintain their success of the industry’s leader, one must look at the function of management planning along with the organizations levels of planning and how they are aligned to help the company maintain the leading position within the aerospace industry. First we must look at the function and focus of management within the organization. According to Splinder (2008), “the management model used to direct the company’s planning focus is simple but an effective method for planning, acting, analyzing, and reinforcing methods that produce results. These are driven by Boeings aptitude to encourage growth and leadership from within the organization.” Boeing’s management established goals and objectives focused on financial performance, quality, customer satisfaction and growth, and growth in productivity (Splinder, 2008). The company would need to deliver results with performance and stock prices and hold employees accountable to achieve their goals and objectives. The company would also need to consider the impact legal issues, ethics, and corporate social responsibility would have on their success in achieving their plan. In 1996 as the company was merging with McDonnell Douglas Corporation, the company would go through a legal issue and experience the impact this issue would have on their...
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...Boeing Management Planning Paper Marcia Davis MGT/330 January 12, 2011 Sylvester Taylor Boeing Management Planning Paper Boeing like many successful companies today does not stand still or rest on their laurels of previous accomplishments. If they do they can become vulnerable to competition, technology, changes in customer preferences, and the business environment. Instead, they use their current successes to continue to build a competitive advantage for the future, constantly seeking new ways to remain flexible, innovative, efficient, and responsive to their customers. One of the most important ways of accomplishing this is to make sure that their organization structures and systems remain adaptable. A business must always be prepared to meet the complex and ever-changing challenges that managers and their organizations constantly confront. Boeing like many other companies has to use innovations in design and manufacturing as well as a focus on quality and other vital factors in the development of airplanes. Not long ago Boeing was in turmoil in the aftermath of the 9/11 terrorists attacks. (Bateman & Snell 2009) Boeing suffered turnover in their executive ranks that caused uncertainty coupled with their chief rival European-based Airbus surpassing them in annual sales, Boeing decided it was time to make some changes. The Boeing Company business has many members including employees, managers, chief executive officer James McNerney, and the board...
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...Boeing Corporation Management Planning Boeing Corporation Management Planning Kelli Parnell MGT/330 Lisa McClain September 19, 2011 Introduction Management planning is an essential part of any organization, especially one as large and complex as Boeing Corporation. The company operates on an international level, providing products to consumers and clients worldwide. Boeing is known for producing high quality aircraft, for commercial and military use, as well as satellites and missiles. These products which are manufactured by Boeing are utilized primarily to carry passengers, cargo, and conduct military operations. Strict regulations are enforced for these aircrafts by the Federal Aviation Administration, or the FAA. Considering these factors, Boeing must conduct extensive management planning in order to operate a successful business, and is used at each level of the organization’s structure. The planning function of management is known as the process of setting objectives and goals for any corporation to achieve over a specific period of time. A successful plan will include tasks and activities that are required to be completed in order to reach these set goals. Effective planning will also incorporate variables, as well as unexpected occurrences. By preparing for the unexpected, a corporation will avoid ay chaos that can be associated with surprise problems or challenges. With...
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...Programme Description Duration / Mode of Programme Students may enrol on a full-time or part-time basis. Full-time students must enrol for a minimum of 9-12 credit hours per semester. Part-time students may register for 6 credit hours each semester. The duration of studies for both full-time and part-time students is as follows: Status | Minimum | Normal | Maximum | Part time | 2 academic years | 4 academic years | 5 academic years | Full time | 1 1/2 academic years | 2 academic years | 3 academic years | 28 credit hours of coursework + 12 credit hours of dissertation Entry Requirements Programme Structure The Masters in Accounting programme comprises of 28 credit hours of coursework (10 courses) and 12 credit hours of dissertation. Core Courses Course Code | Course Name | ACC 6610 | Financial Accounting And Reporting | ACC 6620 | Managerial Accounting | ACC 6630 | Accounting Theory And Policy | ACC 6640 | Islamic Worldview And Accounting Ethics | ACC 6810 | Islamic Accounting And Finance | ACC 6820 | Accounting Research Methods | ACC 6650 | Introduction to Library Search & Academic Writing | ACC 6660 | Literature Review | | | Elective Courses Course Code | Course Name | ACC 6830 | Accounting For Islamic Institutions | ACC 6840 | Issues In Auditing | ACC 6850 | Issues In Taxation | ACC 6860 | Issues In Public Sector Accounting | A candidate shall be required to pass all the courses with at least a "B" grade and...
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...Running head: DIVERSITY AND THE BOEING COMPANY The Boeing Company, the Struggle to the Top Introduction to the Boeing Company Boeing is one of the greatest aeronautical companies in the world and they have developed many innovative products and are using the most state of the art managerial, engineering and research known to man. “Boeing is the world's leading aerospace company and the largest manufacturer of commercial jetliners and military aircraft combined. Additionally, Boeing designs and manufactures rotorcraft, electronic and defense systems, missiles, satellites, launch vehicles and advanced information and communication systems. As a major service provider to NASA, Boeing operates the Space Shuttle and International Space Station. The company also provides numerous military and commercial airline support services. Boeing has customers in more than 90 countries around the world and is one of the largest U.S. exporters in terms of sales.”(Boeing.com) “Boeing is organized into two business units: Boeing Commercial Airplanes and Boeing Defense, Space & Security. Supporting these units is Boeing Capital Corporation, a global provider of financing solutions; the Shared Services Group, which provides a broad range of services to Boeing worldwide; and Boeing Engineering, Operations & Technology, which helps develop, acquire, apply and protect innovative technologies and processes.”(Boeing.com) I have worked for the Boeing Company’s Defense, Space &...
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...Introduction Founded by William Boeing in Seattle, Washington, United States on July 15, 1916. Boeing is the world's largest aerospace company and leading manufacturer of commercial jetliners and defence, space and security systems. A top U.S. exporter, the company supports airlines and U.S. and allied government customers in 150 countries. Boeing products and tailored services include commercial and military aircraft, satellites, weapons, electronic and defence systems, launch systems, advanced information and communication systems, and performance-based logistics and training. Boeing employs more than 165,000 people across the United States and in more than 65 countries. What Boeing Does Today • Design, assemble and support commercial jetliners – Boeing 7-series family of airplanes leads the industry – Commercial Aviation Services offers broad range of services to passenger and freight carriers • Design, assemble and support defence systems – World’s largest designer and manufacturer of military transport, tankers, fighters and rotorcraft – Global Services & Support provides services to government customers worldwide • Design and assemble satellites and launch vehicles – World’s largest provider of commercial and military satellites; major service provider to NASA and prime contractor for the International Space Station • Integrate and support large-scale systems, develop networking technology and network-centric solutions • Provide financing solutions focused...
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...Phoenix Introduction Boeing is a multibillion dollar company spanning the globe. Headquartered in Chicago, Boeing employs more than 158,000 people across the United States and in 70 countries. This represents one of the most diverse, talented and innovative workforces anywhere. More than 90,000 of our people hold college degrees--including nearly 29,000 advanced degrees--in virtually every business and technical field from approximately 2,700 colleges and universities worldwide. Our enterprise also leverages the talents of hundreds of thousands more skilled people working for Boeing suppliers worldwide (Boeing, 2009). Boeing is one of the largest aerospace companies on the planet with over 63 billion in sales over the last 12 months (Boeing, 2009). Boeing has four major branches that constitute the company. The four main branches of Boeing are Boeing Commercial Airplanes Group, Integrated Defense Systems, Boeing Capital Corporation, and Shared Services Group (Boeing, 2009). Boeing, like other major corporations, has its fair share of problems to deal with to be successful. Issues to deal with Boeing’s board of directors and the executive managers have a commitment to the employees and customers to succeed. Boeing is a publicly owned and traded company. Stakeholders buy and sell company stock on a daily basis. In turn, stakeholders have a serious interest in the business of Boeing. A happy stakeholder keeps purchasing stock, which provides Boeing with capital, liquid cash...
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...competitive market. the Boeing Company Business Model and Competitive Strategies the Boeing Company Business Model and Competitive Strategies Alexandra Accardi CS 782 IT Strategy and Management Alexandra Accardi CS 782 IT Strategy and Management Contents Introduction 2 Business Model 2 Boeing Commercial Airplanes (BCA) BCA is the division that deals with manufacturing commercial jetliners for more than 40 years. More than 10,000 Boeing planes are currently in service around the world which is 48% of the world fleet (boeing.com). There are a few different families in the commercial space: The 737, 747, 767, 777, and the 787 family. 2 Boeing Defense, Space & Security (BDS) 2 Boeing Capital Corporation (BCC) 2 Engineering, Operations & Technology (EO&T) \ 2 Shared Services Group (SSG) 3 Employee and Revenue Data 3 Market-Oriented Model 3 Financial-Oriented Model 4 Competitive Forces and Challenges 5 The Rivalry of Competitors 5 The Threat of New Entrants 5 The Bargaining Power of Buyers and Suppliers 6 Competitive Strategies 6 Business Model Evolution 6 Best IT-Supported Proposal 7 References 8 Introduction Boeing is a manufacturing company that produces products and services such as commercial and military aircraft, satellites, weapons, electronic defense systems, advanced information and communication systems, and performance-based logistics and training. According to the company’s website (boeing.com) “Boeing is the world’s largest...
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...Business Research RES/351 September 3, 2013 Business Research Ethics Boeing Missile Defense System Unit, located in Chicago, Illinois, terminated the employment of both the company’s top financial executive Mike Sears and newly hired Vice President and Deputy General Manager Darleen Druyun after violating company policies by communicating with each other in regards to future employment decisions before Druyun terminated her employment with the United States government, which was a direct conflict of interest for the Boeing Company and the United States government. Boeing Missile Defense System Unit manufactures and distributes commercial aircraft and defense aircraft. One of Boeing’s biggest consumers happens to be the United States government. Mike Sears and Darleen Druyun provided each other with very important and confidential information that could make or break the both of their future career opportunities. This information shared between Sears and Druyun could destroy the Boeing Missile Defense System Unit financially as well. Mike Sears held top positions in each of Boeing’s top businesses in commercial aircraft and defense aircraft. He was also being considered as successor of 62 year old Phil Condit as CEO of the Boeing Company. Prior to Darleen Druyan’s employment with the Boeing Company, she served as Principal Deputy Assistant Air Force Secretary for Acquisition and Management for the United States Government. After an internal investigation was completed...
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...discuss how the firm uses technology for strategic advantages and the impact of globalization for the firm. Economics for the Global Manager Introduction The world’s largest; Boeing is an aerospace company that leads the manufacturing of commercial jetliners. Boeing also has manufacturer defense, space, and security systems (About Us, 2013). Boeing’s global operations have supply and manufacturer activities outside the U.S. (Backgrounder, 2013). The economic concepts that apply to this firm are manufacturing of commercial jetliners as well as defense, space, and security systems and these concepts can be used to address the firm’s problems and opportunities (About Us, 2013). The economic and political policies that affect this firm are economic growth and political turmoil and these policies impact business decisions (Long-Term Market, 2013). The firm uses technology for strategic advantages by ¬making plans in its research and development investments to maximize potential returns and the impact of globalization for the firm (Arkell, 2005). Boeing Boeing is the world’s largest aerospace company that has a long tradition of leadership and innovation. It leads the field in the manufacturing of commercial jetliners as well as defense, space, and security systems. As a top exporter in the U.S., Boeing has customers in 150 countries with products including aircraft, weapons, defense systems, and communication systems (About...
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...Manufacturing Industry Analysis Manufacturing Industry Analysis Introduction Manufacturing industry refers to businesses that employ machines, tool, labors, chemical and biological processing to convert raw materials to finished goods on a relatively large scale. This industry makes up a sizable portion of the industrial production sector in developed nations. It also boosts the economic growth and creates jobs. In 2013, manufacturers contributed $2.8 trillion to the economy, up from $2.03 trillion in 2012. This was 12.5% of GDP. For every $1.00 spent in manufacturing, another $1.2 is added to the economy, the highest multiplier effect of any economic sector. Manufacturing promotes innovation, productivity and trade. Globally, manufacturing continues to grow. It now accounts for approximately 16% of global GDP and 14% of employment. The latest trend of manufacturing and industrial companies is that more and more of them are investing in emerging market to gain a foothold in future large market. Manufacturers expect about 40% of their global revenues to come from emerging market by 2017. General Environment Analysis General Environment Segment | Changes that may affect the industry | Level of Impact | Threat, Opportunity or Both? | What are companies in the industry doing about this trend? | Demographic | Education, sex, race | Moderate | Opportunity | More and more knowledgeable and skilled workers and expertise | Sociocultural | More women in workforceMore...
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...Management Planning Paper University of Phoenix Management: Theory, Practice and Application Albert Lapierre Planning, an imperative part of any business environment, is a daily focus at Boeing Corporation. The organization faces daily challenges to produce products to fit the consumer wants for air travel, comfort, and efficiency. While Boeing deals with a constant need for innovative ideas it also deal with the challenges of its main competitor airbus whom has historically been subsidized by many of the European nations to compete with Boeing for a larger share of the market. Boeing management, through excellent planning, an ethics policy that demands large returns for shareholders, and constant work to comply with ever changing legal demands of the industry has led to the constant success of the company. "It was the jet Boeing didn't build that averted what could have become one of the worst crash landings in the company's 91-year history--and cleared Boeing to conquer the skies again."(Masters, 2007). Boeing's Management team's work hard to plan what project's will be best for customers, lead to the largest returns to shareholders, and keep a reputation of being a world leader in the aviation industry. "In October 2002, executives of the aircraft manufacturer met with a group of global airline representatives at a conference center on the Seattle...
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