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 other countries. The corporation is diverse. The organization employs nearly 158,000 people working with and in many countries. Boeing’s managers understanding of legal issues, ethics and corporate social responsibility influence the management planning process. Other internal and external factors may also affect the planning function of management used by all managers within Boeing. The Planning Function
The planning process is a deliberate and organized method to determine goals and the activities necessary to realize goals. The basic planning process is a six-step process. The basic steps are (1) situational analysis, (2) alternative goals and plans, (3) goal and plan evaluation, (4) goal and plan selection, (5) implementation, and (6) monitor and control. This process is used repeatedly because business circumstances change. For Boeing, a change of this nature could be a different political party in power that wants to grow its military base or develop new technologies for space exploration. Whatever the change, Boeing must use the planning function of management and steps to ascertain what direction the company should take. Different types of planning are performed by managers of different levels (Bateman & Snell, 2009). The...