Planning function of management for Boeing

Essay by kvineyardUniversity, Bachelor'sA+, November 2008

download word file, 4 pages ( 7 KB ) 5.0

Planning Function of ManagementThe purpose of this paper is to explain the planning functions of management for the organization known as Boeing. Boeing is an aerospace company; they build passenger airplanes, military aircraft, satellites, and missiles. Boeing's planning functions of management is influenced by internal and external factors. These factors such as the economy and competition directly influence the strategic, tactical, operational, and contingency planning. "Boeing is the largest manufacturer of satellites, commercial jetliners, and military aircraft in the world. The company is also a global market leader in missile defense, human space flight, and launch services. Chicago-based Boeing has an extensive global reach with customers in 145 countries. Boeing operates under the strictest principles of corporate governance. With 152,091 employees, Boeing posted 2004 revenues of $52.45 Billion. (FCSR, 2008)The state of the economy is a huge external factor of how the Boeing organization operates both, strategically and tactically. In 2001, the economy was hit hard and along with many other company's Boeing was suffering financially.

Boeing was saved when they were offered a contract with U.S. Air force worth $49.2 billion (Advantage Business Media, 2007). Boeing also teamed up with Saudi Arabia Airlines in 1995 (Boeing, 2001).

Boeing's competition is another external factor that influences the organization both tactically and strategically. The company known as Airbus is Boeing's biggest competition. Airbus is the leading manufacturer of commercial jets (Yahoo, 2008). Recently Boeing has been having internal issues affecting their assembly line and has cause a shortage in production which in turn has been affecting deadlines. With Boeing experiencing problems clients have been turning to Airbus to fulfill their needs. Lockheed Martin is Boeing's biggest competition in defense systems (Yahoo, 2008).Currently; Boeing and Lockheed Martin are working together on some projects to help meet the high demand.

The government is...