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Economics for the Global Manager

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Economics for the Global Manager
BUS610
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 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 Us, 2013). The company’s largest operational footprint outside the U.S. manufactures the complex aerostrutctures for Boeing is Boeing Australia which has a headquarters in Sydney. Boeing also has Boeing Defence Australia which specializes in support, maintenance, and upgrades of defense platforms. A supply-chain management, designer and manufacturer and supplier called Aviall Australia, Insitu Pacific, and Jeppesen Australia are located in Australia and Asia-Pacific region (Backgrounder, 2013).
Economic Concepts 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. A comparative advantage is the ability to carry out producing a specific product more efficiently, which is Boeing’s case is manufacturing of commercial jetliners as well as defense, space, and security systems. Boeing is the world’s largest aerospace company that leads the field in this manufacturing. This gives Boeing the opportunity to expand to meet the company’s customers’ needs. The company’s tailored services will keep them as front runners in the company’s field. As the company expands its product line and services, Boeing is meeting the company’s customers’ needs. The company’s capabilities include creating new airplanes, integrating military platforms, defense systems, and network-enabled solutions (About Us, 2013).
Economic / Political Policies
The economic and political policies that affect Boeing are economic growth and political turmoil and these policies impact business decisions. Boeing did an extensive study that looks at current events and long-term trends of global geopolitical dynamics for its business analysis that will influence commercial aviation. The analysis determines the risks and opportunities in the commercial aviation market as a whole and around the world. While recent global events that include regional political turmoil, debt crises, and energy price volatility dampened the short-term global economic growth, the long-term global growth forecasts are nearing pre-crisis levels. In order to support the industry’s emission-reduction goals, Boeing is working with governments around the world which will allow the industry to continue strong growth over the long term (Long-Term Market, 2013).
Technology
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. Boeing will pursue a balanced combination of funding and other resources to get the most from their money. Boeing wants to have a balance between investing in the future and delivering shareholder returns. The focus is primarily on the near-term needs for the providing systems and technologies product (Arkell, 2005).
Conclusion
Boeing is the world’s largest 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 those 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 those 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).

References
About Us. Retrieved 10 July 2013 from Boeing: http://www.boeing.com/boeing/companyoffices/aboutus/brief.page.
Arkell, D. (2005). Balancing Act. Retrieved 14 July 2013 from Boeing Frontiers: http://www.boeing.com/news/frontiers/archive/2005/july/cover.html.
Backgrounder. Retrieved 10 July 2013 from Boeing: http://www.boeing.com/assets/pdf/aboutus/international/docs/backgrounders/australiabackgrounder.pdf.
Long-Term Market. Retrieved 14 July 2013 from Boeing: http://www.boeing.com/boeing/commercial/cmo/global_trends.page.
Perloff, J. M. (2012). Microeconomics (6th ed.). Boston, MA: Pearson Custom Publishing.

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