...The Boeing Company The Boeing Company is an American multinational aerospace and defense corporation. Founded in 1916 by William E. Boeing in Seattle, Washington, the company has expanded over the years, and merged with McDonnell Douglas in 1997. Boeing is among the largest global aircraft manufacturers, and the third largest aerospace and defense contractor in the world based on defense-related revenue. The company is the largest exporter by value in the US, and its stock is a component of the Dow Jones Industrial Average. The exemplary behavior that the Boeing does is that Boeing is informally collaborating with leading Brazilian biofuels maker Tecbio, Aquaflow Bionomic of New Zealand and other fuel developers around the world. So far, Boeing has tested six fuels from these companies, and will probably have gone through 20 fuels "by the time we're done evaluating them." Air New Zealand and Boeing are researching the jatropha plant to see if it is a sustainable alternative to conventional fuel. A two-hour test flight using a 50–50 mixture of the new biofuel with Jet A-1 in the number one position Rolls Royce RB-211 engine of 747–400 ZK-NBS, was successfully completed on December 30, 2008. It benefits to both society and company that acted ethically. Boeing estimates that biofuels could reduce flight-related greenhouse-gas emissions by 60 to 80 percent. The solution would be blending algae fuels with existing jet fuel. Using biofuels rather than conventional fuel can reduce...
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...The Boeing Company Report By: Dararith Kim Lymon Ting Alp Onurlu Mario Aguilar Mike Vuzick Business 188 Professor Kwan Table of Content History and background of Boeing: 3 Current Status of Boeing: 4 Porter’s Competitive Forces: 6 Strategy: 8 Culture: 9 History and background of Boeing: William Boeing, the founder of The Boeing Company, was born in October 1, 1881, in Detroit, Michigan. He was 22 years old when the Wright Brothers made their very first official flight in 1903. William Boeing was very impressed with the Wright brother’s achievement. In 1915, William Boeing moved to California to take flying lessons with his friend Westervelt from the nation’s only aviation school. After doing more research they decided to design a new, innovative and more practical plane. They called their very first plane the “B&W”. In two years the company grew to several hundred employees. When World War I started, the company focused more on the fighter planes. They started the production of the B-17, the XPBB-1 a long-range patrol bomber, and the B-29 bomber that had the ability to fly both day and night. By the 1950’s former president of the company, William Allen, decided that The Boeing Company has enough scientists, engineers, experience, and the production facilities to revolutionize the airplane...
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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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...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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...company profile as this will help you to understand where the company stands in the market place and the importance of how they handled the project. I hope you like airplanes, as it would help with enjoying this project. Introduction:- 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. Corporate Profile: 1. Boeing corporate office is located in Chicago, Illinois. 2. Boeing employs more than 158,000 people across the United States and in 70 countries 3. Manufactures commercial and military aircraft, designs and manufactures rotorcraft, electronic and defense systems, missiles, satellites, launch vehicles and advanced information and communication systems. Boeing also operates the Space Shuttle and International Space Station. 4. Boeing outsource some of their manufacturing to national and foreign suppliers and assemble and manufacture in their Everett plant in Washington. 5. Boeing aggressively advertises its Commercial Airplanes' and run a special television add on Memorial Day to honor veterans. 6. A TV ad on Memorial Day as a reminder of their military involvement and advertise their commercial airplanes worldwide...
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...Boeing Management Planning Heather Oetzel MGT 330 October 22, 2012 Joe Cheng Abstract Boeing is known as “the world’s leading aerospace company and the largest manufacturer of commercial jetliner and military aircraft combined ("The Boeing Company: About Us", 2012). Every company uses different types of management techniques including how the planning function of management is used. Planning allows organizations to develop how the customers’ needs can be met, what is expected out of the company, and the environment. The structure of management helps accommodate the need for experience and expertise on important factors. Some of these factors are legal issues, ethics, and corporate social responsibility instead of just focusing on the profits. This paper covers the planning function of management, the influences of legal issues, ethics, and corporate social responsibility on management planning, and factors that influence the company’s strategic, tactical, operational, and contingency planning. Boeing Management Planning Boeing is known as “the world’s leading aerospace company and the largest manufacturer of commercial jetliner and military aircraft combined ("The Boeing Company: About Us," 2012). Every company uses different types of management techniques including how the planning function of management is used. Planning allows organizations to develop how the customers’ needs can be met, what is expected out of the company, and the environment. The structure of...
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...Airbus vs. Boeing Airbus and Boeing both compete in the highly competitive industry of manufacturing commercial aircraft. Over the years they have each controlled the market at differing times due to competitive advantages – an ability to create value through a company’s strategies and operations that its competitors cannot (ref – Strategic Management textbook , pg 22) Boeing, formed in 1916 by William Boeing and George Westervelt, dominated the industry until the 1970’s, when Airbus was organized through a collaboration between Britain, France and West Germany. Airbus began manufacturing the A-300 series which enabled them to capture 10% of the market share by 1975 (ref article), no small feat considering they were competing against the giant Boeing. Airbus’s ability to compete with Boeing and gain market share will be analyzed using the following business models: PESTEL Analysis, SWOT Analysis, Porter’s Five Forces, VRINE Analysis and Porter’s Model of Competitive Advantage. PESTEL ANALYSIS Political – Airbus was a product of a merger between three European countries; Britain, France and West Germany. In the 1970’s the political climates of all three were relatively stable. The three countries worked together in order to compete with the US. They did have to adhere to international trading policies and agreements (NAFTA, GATT). Economic – As they were competing largely in the US market, Airbus needed to constantly...
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...Boeing….The Art of Management CJ Williams MGT/330 Management: Theory, Practice and Application October 3, 2010 Theodore Michaels Boeing…The Art of Management “Boeing is the world's largest aerospace company and leading manufacturer of commercial jetliners and defense, space and security systems. A top U.S. exporter, the company supports airlines and U.S. and allied government customers in more than 90 countries. Boeing products and tailored services include commercial and military aircraft, satellites, weapons, electronic and defense systems, launch systems, advanced information and communication systems, and performance-based logistics and training.” (www.boeing.com) Boeing’s Planning Function The planning function Boeing exhibited was consistent with being a responsive organization. Responsiveness, quickness, agility, the ability to adapt to changing demands was more vital than ever in Boeing’s decision to act, to build a new, but more importantly, to build a better aircraft; the 787 Dreamliner. Boeing proved how important it is for organizations to not only think quickly, but also to move quickly as well. By being a responsive organization, Boeing is also an organic organization as well because it is very receptive to changing competitive demands and market realities by taking “actions to correct past mistakes and also to prepare for an uncertain future.” (Management: Leading & Collaborating in a Competitive Edition). Some people’s perception...
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...The Boeing Company The Boeing Company is an American based firm whose main activities include designing, manufacturing and selling airplanes, rockets, electronic and defense systems, satellites, launch systems and rotorcraft. Being the largest aerospace company in the world, Boeing supports airlines as well as US and related customers in more than 150 countries. With the headquarters based in Chicago Illinois, the company is lead by James McNerney who acts as the CEO and the Chairman. The success of the company locally and globally is based on the strong team work that is made up of more than 165,000 employees in the US and in more than 60 countries (Rigas, 2002). Through the culture of diversity and innovation, Boeing has maintained a skilled workforce that contributes to the operations of the two business units which include Boeing defense, space & security and Boeing Commercial Airlines. With more than 40 years as a major manufacturer of commercial jetliners, Boeing products include 737, 747, 777 and 787 airplanes among others. Boeing Company was founded in 1916 by William Boeing. As the result of improved technology and quality services that the company offered in US and globally, the company expanded an aspect that made it to change its head office from Seattle to Chicago. In its effort to improve the capital base and attain strong financial position, Boeing held an initial public offer in 1978, thus making it a public owned company. Major institutional...
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...The Boeing 787 Experiment Joe Appleby Saint Leo University The Boeing 787 Experiment Many of the normality’s of our everyday are often go unthought-of of about what it took to make them a reality. Take flying for instances. Many of us, myself included step on or use an airplane to travel for leisure, to conduct day-to-day business, use for supply chain movement and never even think twice about what goes into making an aircraft. One of what is considered an elite aircraft manufacturing company; Boeing knows all too well what it takes to deliver a premier aircraft to service. Boeing did not arrive at this point easy as they found out when trying to launch their Boeing 787 aircraft. This essay will give a brief company profile of the Boeing Company and in addition the major problem the company experienced when launching its Boeing 787 aircraft and recommended solutions. The problematic area that will be highlighted is Boeings supply chain management, which caused Boeing to rethink its 787 strategy. The History of Boeing The history of Boeing began essentially with the vision of five men. William Edward Boeing, born in 1881 in Detroit, Mich., began building floatplanes near Seattle, Wash. Donald Wills Douglas, born in 1892 in New York, began building bombers and passenger transports in Santa Monica, Calif. James Smith McDonnell, born in 1899 in Denver, Colo., began building jet fighters in St. Louis, Mo. James Howard "Dutch" Kindelberger, born in 1895 in Wheeling...
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...Boeing Working Capital – FI515 Managerial Finance 1 Hector Rueda TABLE OF CONTENTS Introduction, Company Overview ………….. ……………………………………… Risk factors …………………………………………………………………………... Boeing Balance Sheet ……………………………….……………………….………. 2 3 4 Boeing income Statement . …………………………………………………….……. 18 Boeing Working Capital………………………………………………………….…… 24 Boeing Valuation.…………………………………………………………….……… 29 Conclusion …………………………………………………………………….…….. 37 References …. ……………………………………………………………………….. 38 Appendix Financial Statements & Ratios..…………………………………………………….. Discounted Free Cash Flow projection …………………………………………….. CAGR ………………………………………………………………………………. Terminal Value …………………………………………………………………….. 40 46 47 47 1 Introduction William Boeing founded the Boeing in 1916, in the midst of World War I (U.S. Centennial of Flight Commission, 2011). Since then the company just took off to become “world's largest aerospace company and leading manufacturer of commercial jetliners and defense, 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 defense systems, launch systems, advanced information and communication systems, and performance-based logistics and training” (Boeing 10K). Methodology We used various sources to gather our information, primary sources as well as secondary, Boeing...
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...MGT/330 "The secret of getting ahead is getting STARTED. The secret of getting started is breaking your complex overwhelming tasks into small manageable ones –- then starting on the first one." Mark Twain Boeing was founded in 1916 by William E. Boeing (1881-1956). Currently Boeing is the world’s largest aerospace company and the principal maker of commercial jet transports. Boeing leads the way in developing the single-wing planes in the 1930s; and the first U.S. jetliner, the Boeing 707. Boeing is also a leader in space technology, defense aircraft and systems, and communication systems. According to Boeing successful startup airlines must begin with a sound business plan. Boeings established plan of action has been so successful they publish a guide for starting and running competitive business. Boeing’s detailed planning document typically includes: * Analysis of the market and competition * Brand positioning * Description of the business and opportunity * Details about the operation * Management team biographies * Discussion of risks and obstacles * Pro forma financial statements/projections * Capitalization plan * Brand development * Implementation strategy. (Business Plan, para. 1). Major Components of a Typical Startup-Airline Business Plan include an Executive summary, which covers the business concept including revenue and cost, what market is to be reached, competitive strategies and financial considerations. The...
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... Boeing is one of the United States’ largest exporters and is a predominant aerospace and defense corporation. Boeing is the world’s largest global aircraft manufacturer (by deliveries and revenue), and the second-largest defense and aerospace contractor (ranking in Defense News). The history of Boeing is as exciting as any in history, and encompasses thousands of individuals, innovations, and spectacular technological developments in airline design and manufacturing. Of course, most everyone is familiar with the 1903 Wright Brothers flight at Kitty Hawk, North Caroline. That same year, 22 year old William Boeing left college at Yale and moved forward to the West Coast. Through a series of events, Boeing wanted to learn more and more about aviation finally partnering with George Westervelt, a former engineer and airline enthusiast. By 1915, Westervelt and Boeing designed a new twin-float seaplane called the B&W (Yenne, 2005, 3-18). What followed was a series of challenges, setbacks, successes, and innovations. During World War II, Boeing was responsible for building up to 350 bombers per month. After the war, the company quickly tried to recoup its production and in the 1950s developed numerous new military applications and the Boeing 707 jetliner, one of the most successful aircraft ever designed. The 1950s also saw Boeing move into the development and production of advanced weaponry, securing a place in the burgeoning Cold War defense industry. In 1960 Boeing improved...
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...STRAYER UNIVERSITY | Business diversifications of Boeing and Ford Motors | Victor Adejayan | | PROFESSOR WALTER WILLIAM DINGMAN | BUS 508 | A qualitative analysis of the diversification efforts of Boeing and Ford Motors. | Diversification:- Diversification is the process of entering new business markets with new products. Such efforts may be undertaken either through acquisitions or through extension of the company's existing capabilities and resources. The diversification process is an essential component in the long range growth and success of most thriving companies, for it reflects the fundamental reality of changing consumer tastes and evolving business opportunity. But the act of diversifying requires significant outlays of time and resources, making it a process that can make or break a company. Small business owners, then, should carefully study diversification options—and their own fundamental strengths—before proceeding (Gale Encyclopedia of Small Business). Barron’s Marketing Dictionary defines Diversification as; Corporate growth strategy whereby a business builds its total sales by acquiring or establishing other businesses that are not directly related to the company's present product or market (Barron's Business Dictionary). Barron also identified the three major diversification strategies as the following; Concentric diversification, where the new business produces products that are technically similar to the company's current...
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...Technical Advisor Council, who was responsible for its oversight, and IT did not seem to be part of the council. Boeing did not seem to have strategic focus and leadership. • Boeing realized that they could no longer focus on airplane manufacturing to be successful • Boeing realize that they were dependent on a cyclical airline market • Boeing shareholders were it executive leadership, shareholders, employees, customers, suppliers and partners, secondary stakeholders were airline customers • in 1994 Boeing's earnings shrank by nearly half then they laid off 9300 employees. • In 1997 Boeing lost the 178 million, 90% drop in profits due to production delays. • 1999 Airbus outsold Boeing for the first time. Problems • Boeing had change management problems incurred from the M&As, and did not effectively integrate business practices/processes to produce cohesive collaboration, communication, processes, integrated networks from all the acquisitions. “the biggest challenges and risks we face are cultural and organizational – not technical” o “But there was no systematic, holistic view of how to add them together. Our Task is to take these building blocks and allow them to work together to further increase efficiency…Chris Kettering, 2005” o While the main concern of Scott Carson was to break down the silos of communication among the different business units o Boeing did not allow for enough time for proper re-organization strategy (reviewing the enabled environment to evaluate...
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