Boeing Company
The Impact of Mission, Vision, and Primary Stakeholders on the overall success of the Boeing Company
The Boeing Company is the world's largest aircraft manufacturing corporation. It designs, develops, manufactures, and sells commercial aircrafts, military aircrafts, missiles, electronic and defense systems, satellites, and highly advanced information and communication systems for airline companies, aerospace research institutes, defense organizations, and governmental bodies. The Boeing Company aims to become the leading player in the commercial aircraft industry by promoting innovation and imagination, and serving the worldwide customers with technical excellence and superior services. Its vision and values are based on integrity, quality, customer satisfaction, shareholder value, and corporate social responsibility. The mission, vision, and corporate values shape the way Boeing formulates its business strategies for its worldwide operations. All these values and corporate principles provide a framework to the organizational members to adopt the best practices for the success and sustainability of the…...
mlaReferences
Hutt, M.D. & Speh, T.W. (2010). Business Marketing Management: B2B, 10th Edition. Mason, OH: South-Western Cengage Learning.
Keegan, W.J. & Bhargava, N.K. (2011). Global Marketing Management, 1st Edition. Delhi: Person.
Kotler, P. & Pfoertsch, W. (2007). "Being Known or Being One of Many: The Need for Brand Management for Business-to-Business (B2B) Companies," Journal of Business & Industrial Marketing, 22 (6): 357-362.
Saxena, R. (2009). Marketing Management, 4th Edition. New Delhi: Tata McGraw-Hill.
Boeing
Planning Function of Management at Boeing
As a provider of military equipment, a developer of defense technologies and an innovator in the field of aeronautics, the Boeing Corporation is a complex global network of divisions, departments and geographic contexts. For a corporation such as Boeing, a leading force in the development and retail of military technology, and lately with a focus on missile guidance systems and other non-commercial endeavors, the era of globalization presents both opportunities and challenges in the areas of planning and management. Changes in the global marketing scheme have created a considerably more open market for the company which, given its recent history of decline and contraction, is in a position of need with regard to enthusiastic buyers and new markets. By contrast, its position of dominance in the American market is likely also to be imperiled by the competitive entrance of foreign firms in the American market.…...
mlaWorks Cited:
Boeing. (2011). Ethics. Boeing.com.
Boeing1. (2010). Boeing Response to Public Reports Regarding the WTO's Interim Decision in DS 353. Boeing.com.
Boeing Frontiers. (2010). Citizen Boeing. Boeing Corporation.
Gates, D. & Mundy, A. (2006). Boeing Lawyers Warns of Company's Legal Peril. The Seattle Times.
Boeing: Competitive Position
The name of the Boeing Corporation, the "world's largest aerospace company and leading manufacturer of commercial jetliners and defense, space and security systems" is synonymous with the production of commercial and military aircrafts (Boeing in brief, 2011, Boeing). It is organized into two branches: Boeing Commercial Airplanes and Boeing Defense, Space & Security. Its products include aircrafts; satellites; weapons; communications, informations, defense and logistics systems (Boeing in brief, 2011, Boeing).
The commercial passenger airline industry has been amongst one of the most hard-hit by the recent economic downturn. The 2008 recession curtailed business and tourist-related travel. Also, more businesses are communicating remotely rather than face-to-face. The rising costs of fuel and labor disputes have hurt the major airlines, resulting in a decline in demand for aircrafts in the short-term. However, Boeing believes that in the long-term, demand for its products will continue: "passenger air traffic rose 8% in 2010,…...
mlaReferences
Boeing in brief. (2011). Boeing. Retrieved December 11, 2011 at http://www.boeing.com /companyoffices/aboutus/brief.html
Long-term market. (2011). Boeing. Retrieved December 11, 2011 at
9% the previous year, and Net Profit Margin up to 5.1% from 1.9% the previous fiscal year. For all full financial analysis of the last five years of Boeing's financial history, please see the Appendix for The Boeing Company atio Analysis. While the company continues to excel at profitability, the areas of improvement include Days-to-Sell Inventory, which grew to 147 days in FY201, and Operating Cycle (time from taking an order to fulfilling it and getting paid) increased from 138 days to 180 days in FY2010. These financial results underscore how critical it for the company to continually invest in improving operational performance to overcome slow sales in certain business segments
(Joiner, 2009). Heavy investments in quality management and compliance are necessary to reduce these costs over the long-term as well (Parks, Connor, 2011).
The greatest strengths of Boeing include its strong market position in the commercial aircraft market (Donnini, 2010), high…...
mlaReferences:
Benassy-Quere, A., Fontagne, L., & Raff, H.. (2011). Exchange-rate Misalignments in Duopoly: The Case of Airbus and Boeing. The World Economy, 34(4), 623.
Clements, P.. (2010). Certified Software Architects. IEEE Software, 27(6), 6-8.
Donnini, F. (2010). Boeing vs. Airbus: The Inside Story of the Greatest International Competition in Business. Air & Space Power Journal, 24(1), 112-113
Joiner, B.. (2009). Creating a Culture of Agile Leaders: A Developmental Approach. People and Strategy: Special Issue: The Drucker Centennial, 32(4), 28-35.
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…...
mlaREFERENCES AND WORKS CONSULTED
Boeing Inc. (2009). annual reports, information, Cited in:
"Boeing to Bring 12K Jobs to SC." (October 29, 2009). The Greenville News. Cited in:
These different factors play a role in setting long-run strategy at Boeing, such as product development and decisions regarding manufacturing capacity. The company must also make human resources decisions based on expected demand, and the period of planning can stretch 5-10 years or more.
Tactical planning can also be a long-term process at Boeing. This is impacted by competition within the defense industry, the expectations for DoD budgets and the state of the economy. These types of decisions will reflect the specific products that Boeing develops and to whom those products will be marketed. Operational planning is impacted by the firm's internal financial situation, the availability of key human resources and by the current state of relations with states around the world. Boeing needs to make decisions, for example, about the sourcing of inputs. If the relationship with China is on the rocks, for example, Boeing needs to seek out…...
mlaWorks Cited:
Boeing. (2005). Boeing's game-changing product strategy. Boeing Point-to-Point. Retrieved April 12, 2011 from http://www.boeingcapital.com/p2p/archive/09.2005/Boeing_Game_Changing_Strategy.htm
Cohan, P. (2010). Strained U.S.-Beijing ties could cripple Boeing's China strategy. Daily Finance. Retrieved April 12, 2011 from http://www.dailyfinance.com/story/company-news/strained-u-s-beijing-ties-could-cripple-boeings-china-strategy/19341406/
Wayne, L. (2006). Boeing ethics woes take toll on the bottom line. New York Times. Retrieved April 12, 2011 from http://www.nytimes.com/2006/06/30/business/30boeing.html
Weinberger, S. (2008). Boeing pitches sixth-generation aircraft strategy. Wired. Retrieved April 12, 2011 from http://www.wired.com/dangerroom/2008/01/boeing-pitches/
Boeing Company's Health And Safety egulatory Compliance
Boeing Company is a multinational company and is currently the world's largest airplane producer in the world. It is headquartered in Chicago., IL. It manufactures the largest passenger planes at the moment as well as manufacturing rockets, and other space shuttles. It also serves as a defense contractor being the world's second largest company to do so. It also serves as an air transport for hire for executive and VIP services as well as being of help to the state in times of crises with air travel management. As a large-scale manufacturer, the company makes use of several chemicals among other inputs that contribute to environmental degradation in several ways. This paper identifies several agencies and state organs within and outside America helpful that regulate Boeing's activities and ensuring that they promote environmental conservation.
Boeing in America
Boeing company has it base in Chicago with and…...
mlaReferences
Bell, S., & McGillivray, D. (2012). Environmental law (7th ed.). Oxford: Oxford University Press.
Evans, J., & Lindsay, W. (2012). Managing for Quality and Performance Excellence. New York: Cengage Learning
Macrory, R. (2010). Regulation, the enforcement and governance in environmental law. Oxford: Hart Pub.
Meyer, M. (2012). The slumbering masses: Sleep, medicine, and modern American life. Minneapolis: University of Minnesota Press.
Introduction – Boeing and Airbus
Airbus mission and vision: Airbus is commonly known to be the most popular commercial aircraft headquartered out of Toulouse France. With small and huge airliners, that can seat 100 to 500 passengers, the company has a global human resource of over 50,000 and aircraft strength of over 16,000. Being over 4 decades old, it has a loyal customer base that lays the foundation for its mission and vision – i.e. global presence with a personalized touch.
Boeing mission and vision: Boeing is the biggest competitor for Airbus in the airline industry however it expands its workload in other domains like the design and manufacture satellites, defence weapons along with commercial airlines as well as information and communication systems. The company’s mission and vision includes the production and provision of performance-oriented logistics for the commercial airline manufacturers including competitors like Airbus.
General Strategy – Boeing and Airbus
Airbus: the initial…...
mlaReferences
Annual Report. 2017. Airbus Annual Report. Accessed from Boeing official website. 2017. Boeing – Global Presence. Accessed from: http://www.boeing.com /global/http://annualreport.airbus.com/business/
Term Paper Proposal: Boeings Max ProbeIntroductionFor millennia, man has been fascinating with air travel. History is riddle with risk takers, using the innovations of their time to engineer mechanism for air travel. These mechanisms often failed, resulting in both death and disappointment. However, these setbacks never deterred the human spirit of innovation as it relates to air travel. Even back, in 1506, Leonardo Da Vinci in his book Codex on the Flight of Birds detailed many aerodynamic principles of nature and flight that where the precursors of modern aviation. 200 years later in 1783, Joseph-Michel and Jacques-tienne created the first hot air balloon using a duck, a sheep, and a roster as its first test subjects. By 1809 the study of aerodynamics became much more mainstream due to the contributions of Philosopher George Cayley and his seminal book On Aerial Navigation. By the early 1900 hundreds, the Wright brothers, during…...
mlaReferences
1. Adamson, G., & Herkert, J. (2020). Addressing intelligent systems and ethical design in the IEEE Code of Ethics. In Codes of ethics and ethical guidelines: Emerging technologies, changing fields. New York: Springer (in press).
2. Ahmed, H., Glanz, J., & Beech, H. (2019). Ethiopian airlines pilots followed Boeing’s safety procedures before crash, Report Shows. The New York Times, April 4, https://www.nytimes.com/2019/04/04/world/asia/ethiopia-crash-boeing.html .
3. Arnold, K. (2019). FAA report predicted there could be 15 more 737 MAX crashes. The Dallas Morning News, December 11, https://www.dallasnews.com/business/airlines/2019/12/11/faa-chief-says-boeings-737-max-wont-be-approved-in-2019/
An Examination of Boeing Operations in Two Different Countries TodayToday, the Boeing Company (hereinafter alternatively Boeing or the company) is the largest manufacturer of commercial jetliners, defense systems, security and space systems in the world, as well as a leading service provider in the aftermarket support industry. Despite the grounding of its 737 Max jetliner fleet following two deadly crashes in 2018, the company has succeeded in remedying the casual problems and its global market share continues to grow. To determine how Boeing competes in different markets, the purpose of this paper is to provide an examination of the companys business operations in the United States and South Africa. To this end, an overview of the company and an analyses of Boeings commercial operations in the United States and South Africa. In addition, a discussion of the results of these analyses is followed by a summary of the research and…...
mlaReferences
Africa overview. (2021). Boeing. Retrieved from
Business Research ProjectArea of Research:Strategies and Decision-makingProject/Dissertation Title:Exploring the Strategies and Decision-making Approaches that Boeing should Adopt to React to the Business Challenges after 737 Max Crash.Project/Dissertation:This research project explores how the Boeing company strategizes and makes decisions specifically after the 737 Max crash, significantly affecting its business operations and model. The two crashes of 2018 and 2019 hit the company's core and had to reflect on its infrastructure and management (PBS, 2021). The research paper intends to compare the strategies and decision-making process before and after the crashes. The goal is to assess the mistakes and explore what the future holds for Boeing by analyzing the already implemented strategies and conducting extensive research to allow for recommendations.Research Aim Objective and QuestionThe research aims at finding out how Boeing has revolutionized its business strategies and decision-making approaches after the 737 Max Crash. The main objective of the research is to…...
mlaReferences
Boeing. (2022, April 29). Boeing. 2022 ANnual Meeting of Shareholders, pp. 1-2. from 2022 Annual Meeting of Shareholders. Retrieved May 13, 2022, https://s2.q4cdn.com/661678649/files/doc_financials/2021/ar/Boeing-2022-Proxy-Statement.pdf
BRM. (n.d.). BRM: Business Research Methodology. Qualitative Data Analysis. Retrieved May 13, 2022, from: https://research-methodology.net/research-methods/data-analysis/qualitative-data-analysis/
Forbes. (2019, May 20). Forbes. How Boeing Got Here: It\\\\\\'s Not The Story You Have Been Hearing Lately. Retrieved May 13, 2022, from: https://www.forbes.com/sites/lorenthompson/2019/05/20/how-boeing-got-here-its-not-the-story-you-have-been-hearing-lately/?sh=1ea8b1e41300
Boeing Case Study: Financial Planning
As globalization force changes to business practices to remain competitive, organizations will be challenged to maintain a working environment that meets business demands. Hence, Boeing is no exception. A growing trend toward outsourcing production or services exists. Outsourcing has spawned different meanings: acquiring a product or service rather than producing it, contracting out of a company's non-core, non-revenue-producing activities to specialists, or delegating to an external service provider the day-to-day operation of a business process. Chiefly, outsourcing is the passing of service provision or production to another party, but it is not the same as passing of the responsibility. Insomuch, Boeing is faced with outsourcing challenges due to a fragmented supply chain, thus incurring financial implications.
Benefits vs. Risks
Global or domestic outsourcing can offer many benefits in which Boeing chose to embrace for its manufacturing of the 787 to foreign partners. The benefits of outsourcing are variable…...
This will include the capacity to respond to press questions and the ability to negotiate with the government and obtain fee reductions.
The customers' negotiating power is the first important factor that affects the organization's strategic, tactical or operational planning process. Indeed, this is a particularity of the industry where oeing is competing. This is characterized by very expensive and price that can reach tens of millions for one aircraft. The customers are generally governments or other large organizations that have a high negotiating power. A negotiation for a set of planes can reach several million of the bill.
From this perspective, oeing needs to have a negotiating margin and to be able to take the right decisions when it comes to completing a deal or not. If this a long - term collaboration, the company can let the deal go for less of the initial price. All this is, however,…...
mlaBibliography
1. Erven, Bernard. Planning. On the Internet at retrieved on August 13, 2007http://extension.osu.edu/~mgtexcel/Planning.html.Last
2. Boeing to Take Charges in Second Quarter for Airborne Surveillance Program and Previously Disclosed Tentative Legal Settlement. On the Internet at retrieved on August 13, 2007http://www.boeing.com /news/releases/2006/q2/060629b_nr.html.Last
3. Supplier Environmental Management. October 2003. On the Internet at retrieved on August 13, 2007http://www.bsr.org/CSRResources/IssueBriefDetail.cfm?DocumentID=49622.Last
4. Mandel, Jenny. Lawmakers question Boeing's ethical commitments. Government Executive. August 2006. On the Internet at retrieved on August 13, 2007http://www.govexec.com/dailyfed/0806/080206m1.htm.Last
Boeing Company
What aspects of Boeing's supplier relations program specifically address reduce inventories; maintain quality, regulatory compliance, and competitiveness? How planning and scheduling, ordering, and logistics come into play when running with minimal amounts of inventory.
The relations of Boeing are quite expansive and address all notable concerns of a big business. For it to reduce inventories through its supply chain relations program, Boeing has put in place guidelines and procurement policies, which act as a framework and applied in order to help govern all necessary purchases. Purchasing material of the right quality, quantity, at the right time, at the right price from the right source is one of the organizations overarching procurement tenets. To add to the inventory controls instituted by prudent supply management, Boeing is also known for their incorporation of leaned principles and techniques, which help to maximize efficiency while improving quality and overall safety (Sell, 2005). For maintenance…...
mlaReferences
Sell, T. (2005). Wings of Power: Boeing and the Politics of Growth in the Northwest. New York:
US Government (2011). The Boeing Company. California: General Books
Yenne, B. (2005). The Story of the Boeing Company. Michigan: Zenith Imprint
McNerney needed to concentrate on this function, as several challenges in the past, such as labor disputes leading to walk offs, had hindered the organization. Weber (2008) details how McNerney skillfully has been able to lead external forces, specifically the Defense Department, yet that internal leadership has yet to be fully developed. For this reason, the threat again of labor stoppages is a major concern for the company. McNerney needs to focus more on this function, if he hopes to stop having the same workforce challenges in the future. Leading by empowering his employees, including the elimination of much of the bureaucracy in the organization, will go a long ways towards inspiring them to accept the organization's objectives as their own.
Controlling:
The multi-step process of controlling, for a manager involves: setting performance standards, measuring actual performance, analyzing the results, and taking corrective action when needed. Holms (2005) notes when McNerney…...
mlaReferences
787 Dreamliner milestones. (2009). Retrieved November 2, 2009, from http://787milestones.tpninteractive.com/ .
Holms, S. (18 Jul 2005). I like a challenge -- and I've got one. Business Week, 3943. Retrieved November 2, 2009, from ProQuest database.
Weber, J. (29 Sep 2008). McNerney's bumpy tide at Boeing. Business Week, 4101. Retrieved November 2, 2009, from ProQuest database.
Customer-Centricity: The Southwest Way
Southwest Airlines stands out as a beacon of customer-centricity in the often turbulent skies of the airline industry. With its unwavering commitment to providing an exceptional travel experience, Southwest has consistently differentiated itself from its major airline competitors, capturing the hearts and loyalty of air travelers. Let's explore the key attributes that set Southwest Airlines apart from the pack:
1. Transparency and Simplicity:
Southwest embraces transparency and simplicity in all aspects of its operations. Its fare structure is refreshingly straightforward, with only two fare classes - Wanna Get Away and Anytime. This eliminates the confusion and frustration often associated....
1. Advancements in airplane technology have revolutionized the aviation industry, enabling faster, more efficient, and safer air travel, leading to a significant expansion of the aviation network and global connectivity.
2. The development of jet engines and advanced aerodynamics has drastically reduced flight times, allowing for long-haul flights and opening up distant destinations to air travel, transforming global tourism and business.
3. Technological advancements in navigation and communication systems have enhanced the precision and reliability of air travel, improving safety and reducing the risk of accidents, bolstering public confidence in air transportation.
4. The introduction of composite materials and lightweight....
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