...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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...Management Planning Paper Samuel K. Mims MGT 330 Roxanne Bates July 26th, 2011 Management planning is the most important function of management because it is the foundation for the organization. The planning function of management is the management function of systematically making decisions about the goals and activities than an individual, a group, a work unit, or the overall organization will pursue. Planning is specifying the goals to be achieved and deciding in advance the appropriate actions needed to achieve those goals. Planning activities for the company include analyzing current situations, anticipating the future, determining objectives, deciding in what types of activities the company will engage, choosing corporate and business strategies and determining the resources needed to achieve the organization’s goals (Bateman & Snell, 2008). When it comes to a huge corporation such as Boeing, the planning function becomes even more important because there are so many different divisions within the corporation that must be accounted for. In Boeing’s case, they are a multinational corporation that provides their services all throughout the world so they have to plan on a worldwide scale which is a much more difficult task than planning as a domestic company. Boeing’s planning functions are well thought out and executed to the fullest of their ability as they are very focused on their stakeholders needs, motivating their workforce, enabling teams, requiring alignment...
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...Management Planning Paper MGT/330 November 15, 2010 Management Planning Paper The planning functions of management are very important in the business word and there are certain factors that can affect these functions. Factors that can affect the planning functions are Economic, Political, Social, Cultural, Competition, Legal Issues, Ethics, and technology. Strategic, Tactical, Operational and contingency planning are the planning functions of management. This paper will focus on the planning functions of management and how certain factors affect Boeing’s management planning. The first function of planning is strategic. According to Bateman and Snell (2009) “Strategic planning involves making decisions about the organization’s long-term goals and strategies” (Bateman & Snell, p 137). Tactical planning breaks down broad, long-term goals into specific goals and plans to a specific division of the company. Tactical planning concentrates on major actions that a unity in a company must take to accomplish part of the strategic plan. The time frame for tactical goals is usually up to three years. Operational planning takes place at a lower level part of the company and it occurs when specific procedures and processes are acknowledged. Last the contingency planning is an alternative plan that will be used when the original plan fails because of external environment obstacles (Bateman & Snell, 2009). Boeing is a company that manufactures commercial...
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...AIU Abstract This paper will discuss Boeing’s global operations as it pertains to its activities outside the U.S. It will identify the economic concepts that apply to this firm and how the concepts can be used to address the firm’s problems and opportunities. It will identify the economic and political policies that affect this firm and how the policies impact business decisions. It will 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...
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...Ethics ETH/316 May 4, 2015 Organizational Ethics My intent in writing this paper is to describe how ethical principles can address organizational issues. The organization that I have chosen to explore is the Boeing Company specifically and the aerospace manufacturing industry as a whole, more generally. I will cover the role that external social pressures play in influencing the industry in both their compliance with government and professional ethics. I will also endeavor to highlight how the pressures brought to bear on the industry by the public and the government is relevant to their decisions both corporately and individually by their employees. Finally, I will share my thoughts on the relationship between legal and ethical issues with regard to the industry. To begin then, let’s explore what role external social pressures have in influencing the Boeing Company and by extension, the aerospace industry’s organizational ethics. The level of trust that must be present by the public in the company that builds the airplane they fly in is best described in the words of the Boeing employee code of conduct “…must not engage in conduct or activity that may raise questions as to the company's honesty, impartiality, or reputation or otherwise cause embarrassment to the company.” (Boeing, 2014) Boeing and the entire aerospace industry are hyper aware of their image and the perceptions of the...
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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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...Management Planning at Boeing In this paper the planning function of management for the Boeing Company will be evaluated. In addition, this paper will discuss the influence that legal issues, ethics, and corporate social responsibility have had on management planning at Boeing. The few of many factors that influence the company's strategic, tactical, operational and contingency planning are profitability, innovation, and competition. W. James (Jim) McNerney, Jr., is chairperson of the board, president and chief executive officer of The Boeing Company. McNerney oversees the strategic direction of the Chicago-based, $68.3 billion aerospace company. With more than 157,000 employees across the United States and in 70 countries, Boeing is the world's largest aerospace company and a top U.S. exporter (Boeing, 2010). The Boeing Company's business is run by its employees, managers and corporate officers led by the chief executive officer, with oversight from the board of directors. The Board of Directors of The Boeing Company (“Boeing” or the “Company”) has adopted the following corporate governance principles to assist the Board in the exercise of its responsibilities and, along with Boeing’s Certificate of Incorporation and By-Laws and charters of the committees of the Board, provide an effective framework for Boeing’s governance. The Board believes these Principles should be an evolving set of corporate governance guidelines, subject to review and modification by the...
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...External/Internal Factors Paper Stephen Begani, Warneshia Wallace, Wendy Dunn University of Phoenix MGT/330 Management: Theory, Practice and Application 19 October 2009 The Aerospace Corporation known as Boeing has a tarnished reputation because of continued charges of unethical conduct, and fraudulent claims during “Go Green” commercials. However, this corporation is starting to resemble a phoenix rising from the ashes under the leadership of the new CEO Harry Stonecipher. Boeings corporate social responsibility and ethics have historically varied from good to bad to now worse, with the resignation of Philip M. Condit. Mr. Condit; as Boeing CEO was charged with unethically recruiting employees from the defense sector, while they were still employed with the federal government. He allegedly used there contacts inside the state department to win multi-billion dollar contracts, she is also charged with inflating the price of said defense contracts. Darleen Druyun pleaded guilty to boosting the price of the defense contract to gain favor for her future employer. 2004, Ms. Druyun was awarded nine months of jail time for her part in the scandal. On top of jail time she was fined $5,000, and sentenced to three years of supervised release. In 2003 Lockheed Martin sued Boeing; charging them with industrial espionage stating the company had stolen proprietary information to win another defense contract. The Boeing Company was fined by the U. S. Air Force, for conducting...
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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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...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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...As early as 400BC, an Eygptian model glider was made. Following that, Leonardo Da Vinci produced his “helix” design sketch of a helicopter. He was also the first to design a parachute. Emanuel Swedenborg came up with a flying machine which consists of a light frame cover with strong canvas, provided with two large oars or wings moving on a horizontal axis, arranged so that the upstroke met with no resistance while the downstroke provided lifting power in 1716. Early thinkers and innovators like Sir George Cayley, Henri Giffard, Jean Joseph Etienne and Charles de Louvrie made a significant impact in the history of aviation. Sir George Cayley who was known as the father of modern aeronautics, produced an airplane design with fixed wings and a cruciform tail. In 1799 he exhibited a plan for a glider, which except for planform was completely modern in having a separate tail for control and having the pilot suspended below the center of gravity to provide stability, and flew it as a model in 1804. Over the next five decades Sir George Cayley worked on and off on the problem, during which he invented most of basic aerodynamics and introduced such terms as lift and drag. He used both internal and external combustion engines, fueled by gunpowder. Henri Giffard invented the world’s 1st passenger carrying powered balloon which is powered by a heavy steam engine. In 1860, Jean Joseph Etienne invented the internal combustion engine. Five years later in 1865, Charles de Louvrie designed...
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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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...Refuelling Schedule for Airports By Kiran R K Jitha Babu Shyam S Sreeraj S CHAPTER 1 INTRODUCTION 1.1 REFUELLING Refuelling is an important aspect with respect to the airports since it determines the ground time of an aero plane. Aircraft fuelling can take up to 90 minutes of ground time. Hence, precise planning and allocation is absolutely essential. Once a flight lands in an airport it has to be refueled for the next flight. The quantity of fuel required depends on the distance it has to travel to reach the next station and type of flight. Aviation fuel is a specialized type of petroleum-based fuel used to power aircraft. It is generally of a higher quality than fuels used in less critical applications such as heating or road transport, and often contains additives to reduce the risk of icing or explosion due to high temperatures, amongst other properties. Aviation fuels consist of blends of over a thousand chemicals, primarily Hydrocarbons (paraffins, olefins, naphthenes, and aromatics) as well as additives such as antioxidants and metal deactivators, and impurities. Principal components include n-octane and isooctane. Like other fuels, blends of Aviation fuel are often described by their...
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...Business Study Report: Boeing Table of Contents 1. Executive Summary 3 2. Introduction 4 3. Introduction to the Business and General Business Environment 5 3.1 Major Customers of Boeing 5 3.2 Competitors of Boeing 5 3.3 Business Environment 6 3.4 Market Structure: Oligopoly 7 4. Production Costs and Scale 7 5. Macro Business Environment 9 6. Sustainability Practices of the Business 12 6.1 Sustainability in the Production Process 12 6.2 Sustainability in the Consumption of the Goods 12 7. Conclusion 13 References 15 1. Executive Summary This report has been developed for Boeing, which is the leading manufacturing company of airplanes, space-crafts and defense systems. The main quest of this report is to explore the business and the general business environment. It has also covered the major competitors of the company and the demand curve. The report has also covered the fixed and variable costs of the business and how it has affected the cost structure of the business. The report has also explored the macroeconomic environment in which Boeing is operating and what implications it has on the business of the company. Further, the report has also included the sustainability practices of Boeing and its initiatives to reduce the negative effects on the environment from its product. 2. Introduction Boeing is a multinational corporation with its roots in Seattle, USA that manufactures and design airplanes, satellites and space shuttles. It is the largest manufacturing company...
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...Exchange Commission. The Sarbanes Oxley Act requires all publically traded corporations to follow strict requirements for financial accounting and reporting. Boeing and Airbus are the two leading rival builders of aircraft, and they do not follow the same regulations for internal controls. One of the reasons for these differences is due to the fact that Boeing in a domestic corporation and Airbus is an international corporation. For the purpose of this paper, Team E will compare and contrast regulatory environment, issues with foreign currency, and the differences in GAAP of the two corporations. The Boeing Company takes its regulatory governance very seriously and the company has worked very hard to meet the challenge of SOx compliance. In order to ensure the company is SOx compliant, Boeing has employed significant resources. One of these resources is the Corporate Audit organization. Corporate Audit is responsible for reviewing the internal control system to assure that all organizations are achieving the regulatory objectives and that the system is functioning as intended. These reviews are important so that the company can fix any discrepancies in order to pass external audits. Most of the organizations within Boeing have Regulatory Governance groups that employ subject matter experts (SME’s). Some of these SME’s are Boeing employees and some are contract employees from PricewaterhouseCoopers, Jefferson Wells, and other companies....
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