Planning is an essential function of the management of any business organization. It has been said that failing to plan is the same as planning to fail. In a large aerospace and defense corporation like Boeing, planning has always been an integral component of management…
In order to highlight the planning function of the management, this paper will look at the company's future direction as stated in its 2007 Annual Report.
Boeing clearly recognizes the importance of the leadership of its workforce in the success of the business organization. CEO Jim Nerney states that "Without incremental improvements generated by thousands upon thousands of Boeing employees last year, we would not have met what was-to be sure-a very challenging business plan" (Annual Report 2007). The mention of the company's business plan highlights the company's commitment in making decisions for the company in advance which they implement through the members of its team.
The launch of Boeing 787 Dreamliner has been precendented by careful planning of the structure, components, and how it will be marketed in the market. With its phenomenal success in the market Boeing had taken steps by planning the release of new variants in the market.
Recognizing that its operation is shaped by various factors in its business environment, Boeing strives to keep up its success and performance in the market by taking note of how stakeholders are affected. With the rapid development in the market, legal, ethical and corporate social responsibility issues are taken care of as customers look beyond price and product quality as the bases in making a purchase. Studies show that customers are willing to pay a premium to purchase a product which is a produced by a business organization who gives back to the society they operate in (Kotler 2005). This is recognized by Boeing indicated by its passion and commitment in creating an image of a socially, ethically, and legally responsible entity.
In the future, Boeing's main plan is to strengthen its position in the industry by keeping abreast with technological advancement. In its Annual Report, it states: "Our greatest contribution will come through pioneering new technologies with improved environmental performance" (Annual Report 2007). The company's commitment of operating profitably is now coupled with its aim of being an ethical organization by being concerned of how its processes and aircrafts affect the environment.
Boeing identifies itself as socially responsible business organization by funding programs and activities which improves the plight of the society where it operates in. This commitment of becoming socially responsible is highlighted in the management planning. According to its 2007 Philanthropy report, "our communities are included among our company's key stakeholders in the management model that guides how we do business around the world." This statement supports that the company's plans are being aligned at how it helps to address pressing and compelling social issues. Thus, Boeing actively seeks to help communities in five core areas namely, education, environment, health and human services, arts and culture, and civics.
Analyze at least three factors that influence the company's strategic, tactical, operational, and contingency planning.
Operating in a capital intensive business environment, technological change becomes one of the most ...
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(Management Planning Paper Case Study Example | Topics and Well Written Essays - 1000 Words)
“Management Planning Paper Case Study Example | Topics and Well Written Essays - 1000 Words”, n.d. https://studentshare.net/miscellaneous/271911-management-planning-paper.
They tend to be strategic in nature since the decisions involved are quite complex and involves the organizational functions that need to be formulated by the corporate level. It is important to consider the cross-functional teams because of the size of the market that tends to explain the total amount of the capacity that is needed and the required finance.
In organisations like WorldCom, planning function of management is used to design the specific tasks to be completed in reaching the goal. A planning team is generally responsible for the strategic planning process. Specified staff members assigned to accomplish designated goals are charged with the responsibility for developing the plan.
Thus it is important to plan for interpretation, and to constantly monitor and evaluate visitors' perceptions of this interpretation (McArthur, 1998; Uzzell, 1989). The interpretive plan or interpretative strategy will differ across heritage organisations, depending on the scale of operation and what is actually being planned for.
The chairman and current chief executive officer David J. Lesar work and reside in Dubai.
Halliburton Corporation runs two major businesses. It operates Energy services group which provide technical products as well as services for oil and gas exploration and production.
Starbucks has ascended to become a famous customer brand, enabling it to expand to both related and unrelated industries (Starbucks 2008).
The success of Starbucks has been undoubtedly made possible by the effort of leaders in the creation and maintenance of healthy organizational culture.
Goals and objectives are the end result of a planned set of activities. They state what is to be accomplished and when.
The remarkable feature of the planning function of management in TYCO is that all planning occurs within the context of the organization's mission.
In this paper, we will focus on a "Problematic" situation at Brown Educational Gaming Ltd, We (as the desired manager) will build a model of the problem based on the most appropriate method(s) we learned and will discuss the limitation of the model we have developed.
The key points of this paper are planning and time managemnet, it deals with selecting missions and objectives and the actions to achieve them. It describes the process of choosing from one alternative among future courses of action. Planning bridges the gap from were we are now to where we want to be.
bbed as The Advantage 2000 whereby it will make the company’s structure more process oriented with emphasis on Systems Thinking that would integrate its various processes solutions rather than to become best in class processes. It envisioned the completed implementation of
s enterprise resource planning, which is often thought as the best alternative for businesses that seek to increase their performance in the most effective way.
Enterprise resource planning, better known as ERP, describes the software used in business management, enabling the
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