Management Planning – Boeing Corporation
Management: Theory, Practice and Application/MGT330
Management Planning – Boeing Corporation
Management planning is the first basic process in a series of four fundamental management functions. The planning function is a vital for any company because it is a process of formulating goals, provides focus to achieve those goals, and gives direction in the attainment of the goals. Boeing is a large, global corporation and many internal and external factors effect its business. Boeing must adhere to certain regulations, such as those instituted by the Federal Aviation Administration (FAA). The organization designs, builds, and supports commercial and military aircraft in the United States and
…show more content…
The last step of the planning process is controlling and monitoring and is ongoing. All levels of managers are involved in this process using controls that measure the performance and progress of the plan. This step also allows adjustments to the plan because changes sometimes occur or the plan was executed improperly. The strategic, tactical, and operational planning must be aligned in order for a plan to succeed.
Legal Issues, Ethics, and Corporate Responsibility
Many internal and external factors influence planning management. Legal issues can destroy a businesses reputation and affect its profitability. In the 1998, Boeing settled a gender discrimination case and agreed to pay $75 million dollars to the accusers. Women employees accused Boeing of paying them significantly less wages than employees who were men. According to BLR.com (2010), “Boeing admitted no wrongdoing but agreed to change its hiring, pay, promotion, and complaint investigation procedures” (HR and Employment Law News, para. 2). As a result of the lawsuit, Boeing used the planning function in the human resources management. Other issues influence Boeing’s planning function.
Boeing and its managers are not innocent from unethical behavior. A CEO of Boeing was fired in March 2005 for participating in an extramarital affair (Holmes, 2005). This was a violation of Boeing’s ethics code that the CEO expected
The Boeing Company designs, develops, manufactures, sells, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight, and launch systems and services worldwide. It operates in five segments: Commercial Airplanes, Boeing Military Aircraft, Network & Space Systems, Global Services & Support, and Boeing Capital. The Commercial Airplanes segment develops, produces, and markets commercial jet aircraft for various passenger and cargo requirements; and provides related support services to the commercial airline industry. This segment also offers aviation services support, aircraft modifications, spare parts, training, maintenance documents, and technical advice to commercial and government customers. The Boeing Military Aircraft segment researches, develops, produces, and modifies manned and unmanned military aircraft, and weapons systems for global strike, vertical lift, and autonomous systems, as well as mobility, surveillance, and engagement. The Network & Space Systems segment researches, develops, produces, and modifies strategic defense and intelligence systems, satellite systems, and space exploration products.
Ironically the firing of Sears raised questions about the ethics of management at Boeing under Phil Condit, the man Sears had wanted to replace as CEO. Within a month Condit had resigned from the CEO position, a victim of the fallout from the scandal, which resulted in the loss of the military tanker contract. Condit was replaced by Harry Stonecipher, who came out of retirement to take the CEO position. However, in another disturbing power play at Boeing, Stonecipher was himself forced to step down after a leaked e-mail message revealed that he had initiated an extramarital affair with an employee at Boeing. Fearing that Boeing was becoming mired in scandal after scandal, the board of directors asked for Stonecipher’s resignation. He was replaced by Jim McNeary, the CEO of 3M.
Planning is essential at all levels of the Halliburton Organization. Planning is a methodical approach for translating the company mission and vision into strategies and action plans that respond to the customer, stockholders, and employees, as well as regular day to
The business level strategies for Boeing commercial are deliver customer value, lead with innovation and fuel growth through productivity. Boeing Commercial Airplanes, a business unit of The Boeing Company, is committed to being the leader in commercial aviation by offering airplanes and services that deliver superior design, efficiency and value to customers around the world (Boeing.com, n.d).
The first step in the process is to identify and define the problem at hand. During this step, all the information is gathered and looked over. This allows for the problem to be clearly identified and hopefully making the whole process easier. Step two of the process is to begin generating possible solutions. In this step, managers can begin formulating one or several potential solutions (Lombardi, Schermerhorn, & Kramer). Before going onto step three, some additional information may be required, because step three is when a plan of action is chosen. In the fourth step, the chosen plan is implemented. It is the responsibility of the manager to make sure this portion goes smoothly. Everyone on the team should know exactly what they should be doing. The final step in the process is to review the results. In reviewing the outcome of the action plan that has been chosen, you may find things that need to be altered and you may find things that are going perfectly. At this point the appropriate changes should be made.
Step four in management planning is the selecting of goals believed to be most appropriate and feasible by the managers. Step five implements the goals and plans into action by managers. Goal achievement is likely to be linked to the organization’s reward system to encourage employees to achieve the goals and implement plans properly (Thomas S. Bateman, Scott A. Snell, 2009). Step six is essential in making sure goals and plans are met. If the goals and plans are not monitored and controlled managers would not know if they were ever met successfully.
Planning is the foundation of all the functions of management upon which the other three areas should be built. During planning, management must evaluate the company’s current situation and then developing strategies to achieve these goals, this is called strategic planning.
In the technological risk was that is the customers were involved in design and development of the Boeing 767, they would gain from much greater involution and feedback from users of the aircraft. In the very new airplanes they are first to tested then to implement the designed. These tested approved the safety test in the laboratories and too much used of computer they are useful in techniques. For the last project they learnt many of lessons which are not used in the 767 product airline. This airline is much better than the competition promotes.
The leadership style at Boeing is high structured, high consideration where the organization provides step by step guidance on how tasks are to be completed and it is highly considerate of the employee needs and wants. At Boeing honesty matters, the organization outlines initiatives that focuses on enabling the culture of openness and accountability to maintain an ethical workplace that will increase business performance. Their leadership is based on transformational leadership where the focus is on their ethical approach to doing things the correct way and allowing employees to be open about issues and concerns. This approach has become embedded in the ethical decision-making aspect of business, equipping managers
Another important planning step would be monitor and control. On daily basis, operational managers will conduct detailed checks on the operation, while tactical managers perform ensures constant growth of the project, and strategic managers control the direction of the project growth, making sure the company is working towards the ultimate goal. Planning is an ongoing process. When implementing the plan of the expansion, new situations and problems may arise unexpectedly or due to market changes. It is important to constantly update the project with the market to ensure upmost
With any company, organization, or corporation the first phase of any management is planning. This phase is very important to any company because many different planning functions and each planning function create a standard for each of its employees to follow. This paper will discuss the planning functions of management while looking at the Boeing Company. While looking at the different planning functions, this paper will also discuss and identify legal, ethical, and social responsibilities that impact Boeing. It will also show some factors that influence Boeings strategic, tactical, operational, and contingency planning. Boeing can be considered the
This paper analyzes the goals and actions of Boeing by analyzing its critical success factors as well as its strategic roadmap.
Air travel has drastically changed the way of life for many individuals that depend on air travel to take care of business. One of the top leaders in the air travel industry, The Boeing Company realizes in order to stay competitive in their chosen industry, an effective strategic plan should be implemented. There are several approaches that can be utilized, such as focusing on the external and internal objectives that could beneficial. Boeing strives to be the best aerospace-based manufacture in the world.
Planning, Scheduling and Controlling are three important functions of management. Planning involves the formulation of objectives and goals that are subsequently translated into
Managers and organisations plan because it provides them with some direction and reduces uncertainty within the firm. It is also used to set standards for controlling, it is therefore very important within organisations. (Robbins, Bergman, Stagg & Coulter et al, 2006)