Strategic Management - Boeing Essay - 4125 Words

Strategic Management - Boeing (Essay Sample) Content: Strategic Management- Boeing Name:Course:Tutor:Institution:Date: Strategic ManagementIn order to start looking at the various strategic management methodology and analysis, it is important to first and foremost understand what strategic management is. In every organisation, the owners trust the top most management to come up with a plan that will maximize production of the said organization. Therefore, the top management has to do continuous planning of all the factors that affect the organization; continuous monitoring and evaluation of internal and external factors affecting the organization and analyzing these factors. They come up with major company goals depending on the available resources both internally and externally. These goals are meant to be the best in the field of operation so that the company can become the best in that field. This is what we call strategic management.In strategic management, there are various factors to consider. These include:The or ganizations mission, vision and objectives.The micro and macro environment analysisThe industry analysis, that is the industry that the company falls underThe companys capability analysisComing up with a proposed strategy and evaluating itAnd, presenting the said strategic plan.These factors define how a company will operate and whether it will come out on top. Throughout this paper, the task will be to explore some of the above factors for Boeing. Boeing is an airline that was started in Seattle, Washington by William E. Boeing. The task will involve exploring some of the environmental and industrial factors that have influenced its performance and have worked for it and against it.Boeing- MissionIn the earlier days, the mission statement for Boeing was To be the number one aerospace company in the world and among the premier industrial concerns in terms of quality, profitability and growth (The Boeing Company, 2015 HYPERLINK "/view.asp?id=88896" ). They strive to become Aerospa ce leaders by working together as a global company. This year however, the Boeing Company even in their website do not seem to have a clearly defined statement though they have a verbiage which resembles a mission statement that states, We are constantly re-examining our capabilities and processes to ensure that our company is a strong and vital as our heritage. In fact, our culture mirrors the heritage of aviation itself, built on a foundation of innovation, aspiration and imagination. (Farfan, 2015 HYPERLINK "http://retailindustry.about.com/od/retailbestpractices/ig/Company-Mission-Statements/Boeing-Mission-Statement---Vision.htm" ) We can see that in both statements, Boeing- VisionThe ultimate vision for Boeing is People working together as a global enterprise for aerospace industry leadership (Boeing, 2015). ObjectivesThe Boeing company objectives are:Selling airplanes that are of the best quality and are fuel efficient. This is because of their sensitivity to environmental i ssues thus they are making eco-friendly airplanes which have engines that are advanced technologicallyGrowth is another objective. Boeing would love to reach an even wider market in order for them to beat competitors like the Airbus, Embraer, COMAC, and Mitsubishi aircraft just to mention a few. They want both the company and the members of the staff to grow. They have even sponsored some program for their members of staff.To have a capable and focused management team which will ensure that they observe and follow the clear cut path to success. They believe that as the companys leadership grows, so does the organization.To be able to have financial strength by them being able to increase the companys profitability margin. This has seen them be involved in the airplane manufacturing industry so that their aircrafts can dominate the airspace.Macro Environment AnalysisIn this industry, there are many factors that can affect the company growth and scope of operation. These include:Polit ical changes in a state/countryNational and international lawsFinancial stability of the peopleClimate changesIndustrial competitorsAvailability of resources both human and material resourcesIn this section I will use the PESTLE that is the Political. Economic, Social, Technological, Legal and Environmental analysis that have affected and can affect Boeing in having the competitive edge over their competitors. The politics of a country greatly affect the functionality of an airline. When issues like terrorism, war, diseases outbreak occur, the airlines feel the change since they also must protect themselves and the members of their staff. For example, in 2011 when there was a terrorist attack in the US, many flight schedules and planes were affected. The global airline industry was seriously affected to an extent that they reported their first net profit in 2006, five years later (Schmidt, 2014) Also, most of the countries that have had war outbreaks have earned them a travel adviso ry issued against them. This means that even the people who risk to travel are not as many and sometimes they might even have to look for alternative routes to their destination. This causes a financial impact on both the economy of the two countries and of the airline industry. Consequently, Boeing was also affected here since they recorded a decrease in commercial flights. There was also an increase in fuel prices which contributed to the decrease in the company profits.Economic factors also greatly influence the travel arrangements. It is said that the Millennials (those people born between 1980 and 1999) will and are greatly influencing the airline industry. We see that these generation will be at their prime in the next ten years and they make numerous business trips across the world. This means that also the population margin of a country greatly influences their economic growth and depending on the economic stability of a country, the number and quality of the preferred airli ne is determined. A country with a struggling economy will opt to use cheaper modes of transport which means that they might not even use air travel depending on the distance they want to travel to. The monetary policies set for a country also influence the economic growth since the more unstable they are, the less the business confidence of the individuals.The social factors have also contributed to the growth of the airline industry. The Millennials again are seen here building their social networks globally which means that there is global social growth. Most Millennials will prefer to travel on business and therefore the airline industry is making sure that they are constantly changing to accommodate the generation change. The current business travel generation will decrease over the years which will give room to the millennials to also boom.Technology is dynamic and this means that it keeps on changing by the hour. They are technological advances that have given room to cheaper and more eco-friendly materials that Boeing has seriously taken into consideration. Boeing is thriving to be the best aircraft manufacturer and have even released planes that consume less fuel and others that use special fuel that emits less environment pollutants (Carbon dioxide- CO2). There has also been technical advances in the reduction of noise. Boeing had even tried to come up with a high speed sonic cruise which unfortunately met some challenges and failed.The whole world is governed by various laws and regulations. This is also a major factor when it comes to the airline industry. For example, in 1978 the US government removed all the already set regulations for airfares, routes and also the introduction of commercial airlines to a country. This in turn introduced competition among the airlines which came as a benefit to the passengers as fares were also reduced. There were also cheaper carriers that came in to the market. Some countries have laws that do not give room for competitive environment. Some of them have very strict laws that hinder even market entry for airlines like Boeing since some of them prefer their locally manufactured and assembled airplanes. Therefore the legal attribute is also determines a lot in this industry.The environment also contributes to the success of an airline. People are becoming more and more aware of their environment and especially due to an increase in global warming, the sensitivity level to the environment has increased. As previously stated, Boeing are working constantly to improve on the factors that affect the environment such as noise and air pollution. Boeing try to build fuel efficient planes and with them having clients such as the army, they are also trying to come up with faster yet safer planes. Also, we can look at the environment in terms of looking at the competition. This is the environment that gives room for competition. This helps in the airline industry as the airline will constantly try to i mprove their airlines to best suit the client.Industry AnalysisThe main competitor in the aerospace/airline industry are Airbus and Northrup Grumman. Northrup does not manufacture their own planes however but they compete well in getting government contracts with Coach Guard, the Army, Navy and the Air force. Many of these companies team up with other airplane manufacturing companies in order to have a competitive advantage over Boeing in getting the government contracts. Here, we will assess the industry using the Porters 5 Model which looks at five main factors:Rivalry- when companies compete, this can drive their profits to zero as they are looking to be the best in terms of rates and routes. It is said that when an industry has limited competition, it is termed as disciplined. This can be... Strategic Management - Boeing Essay - 4125 Words Strategic Management - Boeing (Essay Sample) Content: Strategic Management- Boeing Name:Course:Tutor:Institution:Date: Strategic ManagementIn order to start looking at the various strategic management methodology and analysis, it is important to first and foremost understand what strategic management is. In every organisation, the owners trust the top most management to come up with a plan that will maximize production of the said organization. Therefore, the top management has to do continuous planning of all the factors that affect the organization; continuous monitoring and evaluation of internal and external factors affecting the organization and analyzing these factors. They come up with major company goals depending on the available resources both internally and externally. These goals are meant to be the best in the field of operation so that the company can become the best in that field. This is what we call strategic management.In strategic management, there are various factors to consider. These include:The or ganizations mission, vision and objectives.The micro and macro environment analysisThe industry analysis, that is the industry that the company falls underThe companys capability analysisComing up with a proposed strategy and evaluating itAnd, presenting the said strategic plan.These factors define how a company will operate and whether it will come out on top. Throughout this paper, the task will be to explore some of the above factors for Boeing. Boeing is an airline that was started in Seattle, Washington by William E. Boeing. The task will involve exploring some of the environmental and industrial factors that have influenced its performance and have worked for it and against it.Boeing- MissionIn the earlier days, the mission statement for Boeing was To be the number one aerospace company in the world and among the premier industrial concerns in terms of quality, profitability and growth (The Boeing Company, 2015 HYPERLINK "/view.asp?id=88896" ). They strive to become Aerospa ce leaders by working together as a global company. This year however, the Boeing Company even in their website do not seem to have a clearly defined statement though they have a verbiage which resembles a mission statement that states, We are constantly re-examining our capabilities and processes to ensure that our company is a strong and vital as our heritage. In fact, our culture mirrors the heritage of aviation itself, built on a foundation of innovation, aspiration and imagination. (Farfan, 2015 HYPERLINK "http://retailindustry.about.com/od/retailbestpractices/ig/Company-Mission-Statements/Boeing-Mission-Statement---Vision.htm" ) We can see that in both statements, Boeing- VisionThe ultimate vision for Boeing is People working together as a global enterprise for aerospace industry leadership (Boeing, 2015). ObjectivesThe Boeing company objectives are:Selling airplanes that are of the best quality and are fuel efficient. This is because of their sensitivity to environmental i ssues thus they are making eco-friendly airplanes which have engines that are advanced technologicallyGrowth is another objective. Boeing would love to reach an even wider market in order for them to beat competitors like the Airbus, Embraer, COMAC, and Mitsubishi aircraft just to mention a few. They want both the company and the members of the staff to grow. They have even sponsored some program for their members of staff.To have a capable and focused management team which will ensure that they observe and follow the clear cut path to success. They believe that as the companys leadership grows, so does the organization.To be able to have financial strength by them being able to increase the companys profitability margin. This has seen them be involved in the airplane manufacturing industry so that their aircrafts can dominate the airspace.Macro Environment AnalysisIn this industry, there are many factors that can affect the company growth and scope of operation. These include:Polit ical changes in a state/countryNational and international lawsFinancial stability of the peopleClimate changesIndustrial competitorsAvailability of resources both human and material resourcesIn this section I will use the PESTLE that is the Political. Economic, Social, Technological, Legal and Environmental analysis that have affected and can affect Boeing in having the competitive edge over their competitors. The politics of a country greatly affect the functionality of an airline. When issues like terrorism, war, diseases outbreak occur, the airlines feel the change since they also must protect themselves and the members of their staff. For example, in 2011 when there was a terrorist attack in the US, many flight schedules and planes were affected. The global airline industry was seriously affected to an extent that they reported their first net profit in 2006, five years later (Schmidt, 2014) Also, most of the countries that have had war outbreaks have earned them a travel adviso ry issued against them. This means that even the people who risk to travel are not as many and sometimes they might even have to look for alternative routes to their destination. This causes a financial impact on both the economy of the two countries and of the airline industry. Consequently, Boeing was also affected here since they recorded a decrease in commercial flights. There was also an increase in fuel prices which contributed to the decrease in the company profits.Economic factors also greatly influence the travel arrangements. It is said that the Millennials (those people born between 1980 and 1999) will and are greatly influencing the airline industry. We see that these generation will be at their prime in the next ten years and they make numerous business trips across the world. This means that also the population margin of a country greatly influences their economic growth and depending on the economic stability of a country, the number and quality of the preferred airli ne is determined. A country with a struggling economy will opt to use cheaper modes of transport which means that they might not even use air travel depending on the distance they want to travel to. The monetary policies set for a country also influence the economic growth since the more unstable they are, the less the business confidence of the individuals.The social factors have also contributed to the growth of the airline industry. The Millennials again are seen here building their social networks globally which means that there is global social growth. Most Millennials will prefer to travel on business and therefore the airline industry is making sure that they are constantly changing to accommodate the generation change. The current business travel generation will decrease over the years which will give room to the millennials to also boom.Technology is dynamic and this means that it keeps on changing by the hour. They are technological advances that have given room to cheaper and more eco-friendly materials that Boeing has seriously taken into consideration. Boeing is thriving to be the best aircraft manufacturer and have even released planes that consume less fuel and others that use special fuel that emits less environment pollutants (Carbon dioxide- CO2). There has also been technical advances in the reduction of noise. Boeing had even tried to come up with a high speed sonic cruise which unfortunately met some challenges and failed.The whole world is governed by various laws and regulations. This is also a major factor when it comes to the airline industry. For example, in 1978 the US government removed all the already set regulations for airfares, routes and also the introduction of commercial airlines to a country. This in turn introduced competition among the airlines which came as a benefit to the passengers as fares were also reduced. There were also cheaper carriers that came in to the market. Some countries have laws that do not give room for competitive environment. Some of them have very strict laws that hinder even market entry for airlines like Boeing since some of them prefer their locally manufactured and assembled airplanes. Therefore the legal attribute is also determines a lot in this industry.The environment also contributes to the success of an airline. People are becoming more and more aware of their environment and especially due to an increase in global warming, the sensitivity level to the environment has increased. As previously stated, Boeing are working constantly to improve on the factors that affect the environment such as noise and air pollution. Boeing try to build fuel efficient planes and with them having clients such as the army, they are also trying to come up with faster yet safer planes. Also, we can look at the environment in terms of looking at the competition. This is the environment that gives room for competition. This helps in the airline industry as the airline will constantly try to i mprove their airlines to best suit the client.Industry AnalysisThe main competitor in the aerospace/airline industry are Airbus and Northrup Grumman. Northrup does not manufacture their own planes however but they compete well in getting government contracts with Coach Guard, the Army, Navy and the Air force. Many of these companies team up with other airplane manufacturing companies in order to have a competitive advantage over Boeing in getting the government contracts. Here, we will assess the industry using the Porters 5 Model which looks at five main factors:Rivalry- when companies compete, this can drive their profits to zero as they are looking to be the best in terms of rates and routes. It is said that when an industry has limited competition, it is termed as disciplined. This can be...

Sample Essay About Management Accounting in Nokia

Sample Essay About Management Accounting in NokiaA sample essay about management accounting in Nokia may be of great use in different type of classes. Students will get a lot of information from this sample and make their own selections after studying them.The sample is usually taken from the exams that are held in exam week. The exam papers will contain plenty of information about management accounting and its significance. Students would find it extremely helpful if they can read such essays to gain more knowledge about management accounting.The test papers will ask students to write a thesis statement with reference to a particular subject matter. Students are required to read several essays in the course and pick one as a model. They will then have to work out the essay about management accounting in Nokia to match up to the paper samples.The sample will also list the main aspects about management accounting and how it may be conducted. The students will find these essays very he lpful in creating an outline for their essays. The topics covered by the sample are different from those that students study in school. It would give the students the required scope to find and apply certain subjects in their essays.The sample will also offer a series of questions that will ensure that the students understand the key points of the essay before the actual tests are held. This helps the students stay focused during the exams. They do not forget the points that they have understood from the essay and do not stray from the original content to avoid lapses in concentration.Nokia management accounting has been unique because of its reliance on employees' capabilities to motivate them. This can be traced to the fact that the company believes that it is possible to create more products and provide greater services when the employees are motivated to do so. This form of employment is also less demanding than other forms of employment and can be one of the few such jobs that do not require the employees to be physically present at the workplace.The subject matter has been discussed in such articles about the growth of Nokia in the past ten years. Even before that, this company had established a lasting foundation by establishing a strong manufacturing base and high-end engineering prowess. This was due to the innovation of products such as the Play, first launched in the summer of 1995. It was the most innovative gadget that the company had ever launched.The sample essays about management accounting in Nokia will help students understand various areas of management accounting. The companies have been able to take advantage of the latest technologies to make the most of what technology has to offer. The essays will give students the much needed insight about how the company has managed to build a winning track record for itself and what opportunities lie ahead for the future.

Business Writing Services

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Secret Info About Best Essay Writing Youtube Channels That Only the Pros Know Exist

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Research Paper Writing Wiseessays: the Ultimate Convenience!

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History Test Paper: 1984 Essay Samples

History Test Paper: 1984 Essay SamplesThe UK's first ever, official English paper for the UK school exam, O-level, is known as the 1984 essay. It is normally written by a student following up a previous essay that was passed. The first, and, as far as we know, only, essay sample in the UK, this one has a variety of different sections including the Summary, which provides the main points of the essay; an Introduction which discusses a particular theme; an Organisation that covers the details of the essay and finally, an Intrapersonal section which looks at personal feelings and experiences. The format is similar to other modern essays and can be quite interesting.Exam papers in the UK are usually written by teaching staff, although teachers may decide to write the essays themselves in order to try to replicate the style of writing used on the exam. This allows them to get an idea of the style and tone of the essay samples.Exam papers are normally written with a number of different ess ay samples from which the essay's topic is selected. Some are written in standard prose, some are rather more advanced and some are much more similar to essay samples used by students in other countries.There are many types of essay samples available. The most common and most obvious one is the basic formal essay which attempts to make a point in a limited amount of space. The essay must express a view or thought on a given topic and it is the aim of the writer to demonstrate why this viewpoint should be adopted.The essays for an exam are often not written in such an open format. They tend to contain many highly specific ideas, anecdotes, graphs, etc. Most students find it useful to spend time on practice essays after reading the exam paper so they are well prepared for the test.A number of paper templates have been created for these essay samples to follow. Many students simply use a template, a keyword list and a title. A wider range of vocabulary and syntax is sometimes used in c onjunction with the more complex exam papers.The question that is asked on the exam can also provide a level of structure can sometimes enhance the essay samples. Large lists of subjects, terms and definitions can be drawn up before a test and a copy is then distributed to all candidates.There are a number of websites which offer Oxford tutorial on essay samples. Reading through the sections of the essay and matching them to the exam questions are both useful tools. Having access to these websites and getting access to further assistance will help to ensure you get as many practice tests as possible.

Differences And Similarities Between Ancient Greece And Rome

There are lots of similarities and also differences between Ancient Greeks and Romans, some of the similarities are their government and their arts and literature. Their first similarity is in their government. In Greece, Pericles was an important figure in Athenian politics between 461 B.C. And 429 B.C., during this time Athens expanded its empire abroad while democracy grew at home. The period of classical Athenian and Greek history was called the Age of Pericles. Pericles created a direct democracy, which is a system of government in which the people participate directly in government decision making through mass meetings, in this system all male citizens participated. They all voted on every major issue. The Romans had their own†¦show more content†¦They took on their statues and placed them in public buildings and their home. The Romans made reproductions of Greek statues when the supply of original works of art ran low. Roman sculptures were more realistic than their G reek partners. The high point of Latin literature was during the Age of Augustus. The most distinguished poet was Virgil, he wrote his masterpiece Aenied in Romes honor. Roman architecture was also similar to the Greeks but they excelled in architecture. The Romans continued to use similar Greek styles but also used curved arches, vaults, and domes. The Romans and the Greeks had some differences too, for example, their trade was different. In Greece trade was a central part of their culture, because Greek colonies began to spread they sent their pottery, wine, and olive oil. When they sent these resources they got in return grains, metals, fish, timber, wheat, metals and slaves. Because of the trading industry their people became very wealthy in many of the city-states. In Athens their economy was largely based on trade and farming. They grew grains, vegetables, and fruit. Their trade was mainly based on what they grew there, grapes and olive trees were cultivated for wine and olive oil. These were used for local use and export. Even though farming was a central part of Athenian life they lacked fertile land, because of this they had to import 50 to 80 percent of their grain. RomeShow MoreRelatedsimilarities and differences between greece and ancient rome educational sytems2560 Words   |  11 Pagesnot getting the grades brings fear and insecurity, leaving him to scurry anxiously back down the stairs to relative safety and security. With the above point in mind let us continue our focus on Rogers’ principles and explore where there are similarities in approach. ‘Those learnings which are threatening to the self are more easily perceived and assimilated when external threats are at a minimum’ (Rogers’ fourth principle,1969). 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