Boeing Capital Corporation Essay
Boeing is the principal producer of jetliners. They also handle even military gadgets and vehicles. Boeing also blueprints and produces electronic and security systems. They also serve different clients with missiles, and satellites. Another available service and product of the company includes launching vehicles and aids in providing advanced information and communication systems. The company also provides numerous military and commercial airline maintenance services. Boeing has customers in more than 90 countries around the world, and this makes them number 1, exporter in terms of sales.
Boeing Capital Corporation also assumes the role of a financial assistant. They assemble structures and/or offer financing to smoothen the progress of the sale and deliverance of Boeing commercial and military aircraft, satellites and launch vehicles. Since Boeing is a corporation that holds industrialization for defense systems and paraphernalia the company has the legal responsibility to adhere to legal standards for products, as any other company does. This has the highest legal responsibility on this because most of the time, people lives rely in the hands of their equipments.
The company must also able to understand that they have the legal responsibility to bring quality to their users. These legal responsibilities also expand to adhering to
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The business world has already advanced towards giving emphasis on the ethical side of business. They do understand that gaining the trust and confidence of the people boost the industry as well as their profits. Social responsibilities include what are the company’s duties to the society. This includes their environmental responsibility to everyone in the planet. One of the responsibilities of Boeing includes the proper disposal of their waste materials. Boeing also uses electronic devices and gadgets, so it should follow that they have electronic wastes as well, then, they should be responsible for trashing them properly.
Boeing has the responsibility to keep the environment clean, especially on the local regions they are conducting their business and on their manufacturing sites. Social responsibilities also coincide with legal responsibilities of the company. In the UK they implement what is known as Waste Electrical and Electronic Equipment or WEEE. These wastes are composed of a wide variety of products from computer mechanism, to refrigerators, and batteries. IT and office equipment comprises only 12% of the whole electrical and electronic equipment recycled in the UK.
However, the IT apparatus are not the only ones in trouble – the remaining 88% of WEEE is made up of other electronic and electrical equipment, similar to the calculator you have. It is predictable that the UK economy will have to pay between ? 200 and ? 500 million per annum. Most leading companies have environmental and corporate social accountability policies in place. There are some companies who are already making changes in their strategies to accommodate these directives and avoid future fines or sometimes even lawsuits against the companies.
There are sanctions coming from, not only on the localities they are in, but also international sanctions. There are three factors that influence Boeing’s strategic, tactical, operational, and contingency planning. These are the political factors, the ethical, legal and social responsibilities that are implemented internationally. Most businesses are impacted by these factors, and as Boeing is directly linking with different governments for their defense mechanisms, they are directly influenced by political decisions by different nations on different aspects, for instance on health, or environment or even on local rules and regulations.
For example, the ethical and legal responsibilities of the company may be compromised if they distribute information unknowingly to different states, in case of disputes. There are many times as well when Boeing has to adjust their operational planning due to existing international agreements. Even their strategic and tactical planning will be under different negotiation depending on existing cultures in their place of business, say for example they are situated in an anti-missile nation, then they may not be allowed to sell or even to store missile parts in that area.
As a whole, management planning of Boeing should also depend, not only on existing international laws, but also laws, customs and beliefs on the locality they would like to extend their business. Works Cited http://www. boeing. com/companyoffices/aboutus/brief. html, http://www. boeing. com/biz_unit. html, http://www. boeing. com/companyoffices/aboutus/ Official website of Boeing, downloaded December 20, 2007. http://www. icaew. com/index. cfm? route=150521, WEEE in Business have Explicit Legal Responsibility, downloaded December 20, 2007.