Boeing Function Of Management

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Register to read the introduction… The planning function of management is the process of setting goals and achieving these goals over a certain period of time. Boeing sets goals for each individual department of its company. By planning and setting goals, Boeing can avoid problems and unexpected things that may occur in the future. With the Boeing Company being so large, they are required to plan extensively to run and operate a successful business. When a plan is set, Boeing managers communicate with all the departments accordingly to make sure everyone is on the same …show more content…
Economic conditions affect Boeing in several ways. Weather conditions along with other economic problems can cause airlines to struggle, which in turn affect Boeing. If no one is purchasing airfare, then it causes a decrease in the purchase of airlines. In order for Boeing to beat competition, they must research the newest technologies and developments of new products. Boeing must have a plan to offer their customers what no other company is offering. This brings in company costs that are another influence on the company. Boeing sets a budget and tries not to exceed their profits. Staying on a budget can be very difficult with Boeing being such a large company, but by reviewing budgets and company costs on a set regular basis, this can dwindle down the unnecessary costs that they may have. Strategic goals are set into place to compensate for Boeing’s setbacks that they come across. Strategic planning also allows them to see the big picture as a whole and set goals to enhance production. Tactical planning is just as equally important, it separates the different departments within Boeing. By using tactical planning Boeing can make sure that each department is performing in the most efficient way possible. With operational planning, managers of Boeing make sure the tasks are being completed correctly by their employees. When using all of these planning strategies, companies such as Boeing can ensure that products are being made effectively and employees are completing the tasks in a timely manner, leading to success in the

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