Management Planning Paper

Only available on StudyMode
  • Download(s) : 31
  • Published : May 6, 2013
Open Document
Text Preview
Management Planning Paper
Angelia Renee Cady
MGT / 330
December 17, 2012
Rickey King

Management Planning Paper
Boeing is an aerospace company that is considered as decades ahead of its time. Boeing is one of the world’s leading designer, developer, and producer of commercial airplanes and military aircrafts, defense, satellites, weapons, space crafts, launch systems, and security systems. Boeing is everything that the word “new” pioneers have stood for since 1916 when William E. Boeing founded the company (Boeing in Brief, 2012). Boeing has acquired one of the most diverse, talented, and innovative group of individuals to represent their workforce from all over the world (http://www.airport-supplier.com/supplier/Boeing/). Employing over a 140,000 college graduates and several hundred thousand more skilled individuals working for Boeing through suppliers worldwide (Boeing Brief, 2012). This paper will present Boeings management planning functions, the influences that legal issues, ethics, and corporate responsibility has had on management planning, and finally factors that has influenced their strategic, tactical, operational, and contingency planning. Planning Functions of Management

There are four fundamental functions of management: strategic, tactical, operational, and contingency planning that corporation’s use. According to Bateman and Snell (2009), “Because planning is an important management function, managers at all three levels use it. However, the scope and activities of the planning process at each level of the organization often differ” (para.1, p. 137). Strategic Planning

According to Bateman and Snell, (2009), Strategic planning involves making decisions about the organization’s long-term goals and strategies” (para. 2, p. 137). Boeing has become the world’s biggest aerospace company, servicing countries all over the world. Boeing company vision is, “People working together as a global enterprise for aerospace leadership is to run healthy core business, leverage strengths into new products and services, and open new frontiers” (Boeing mission, Vision, and Values, 2012, p. 28). Boeing is known for its successful management planning and for the knowledge to know when a plan needs modifying to protect both the company and the project. Boeing like many other companies has taken risks, which has result were deemed unfavorable, which forced them to change plans to salvage the project. An example of this would be the design viability of the B747-8 International versus the A380. Boeing found that it had to compete with the A380 despite that the B747-8I was a revamped version of the classic 747. The Airbus has been around much longer than the B747-8 with this in mind Boeing’s goal was to build an airplane that was cost efficient, fuel efficient, maximum passenger capacity, and safe for international travel with a purchasing price that was less than the A380 (Davies, 2012). Tactical Planning

Tactical planning defined as “a set of procedures for translating broad strategic goals and plans into specific goals and plans that is relevant to a distinct portion of the organization, such as a function area like human resources,” according to Bateman and Snell, 2009, p. 138). Tactical plans concentrates on the most important actions that a unit must take to complete its part of a strategic plan. An example would be after several incidents with general electric engine failure the National Transportation Safety Board (NTSB) recommended to the Federal Aviation Administration (FAA) inspections be performed of the new B747-8I airliners. The inspection placed a hold on the manufacturing of the engines for the B747-8I until the engine manufacture found the cause of the failures and made corrections. The failure was a result of a crack in the mid shaft, thus causing a change in the way the engine shafts were handled during the manufacturing and assembling process (Paur, 2012). Operational Planning...
tracking img