Management strategy and practice Essay
James mcllerney – executive chairman and president and chief executive officer. James Bell – head financial officer, finance executive vice president, executive council member. James Albaugh –vice president who is executive, system of defence executive officer, executive council member. Richard Stephens –human resources senior vice president and administration senior vice president and executive council member. Tod Hullin – public policy senior vice president, executive council member, committee member of corporate contribution.
J Tracy –senior vice president of engineering, and technology and executive council member. Michael lutting – senior vice president, general counsel, executive council member. Wanda low – vice president in the senior position, internal governance head and executive council member. Scott Carson- vice president who is executive, commercial airplanes chief executive, executive council member. Howard chambers –satellite unit interim head, space and intelligence vice president and space and intelligence general manager and chief executive officer of Boeing satellite system globally.
The requirements and expectation of stakeholders are met in order to satisfy their needs. Innovation is emphasized in order to come up with new products with high quality. Key executives communicate with customers and suppliers and involve their work force in all the activities in the company in order to achieve
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There is improved quality of products and services offered to customers who are sold at reduced costs in order to make customers who are willing to consume the product or service be able to purchase it in large quantities which will make the company increase its sales and in return generate huge amounts of revenue. Aligning programs are organized, goals are set and measures to achieve them are established in order for the company to know where it is heading to and to strive to achieve the objectives of the company and in case of any challenge even if it is finance deficit, the sources of funds will be available immediately.
The company plans all the activities to make sure that nothing is left out without being done to ensure all the programs run smoothly. There are management processes which ensure that the plans are properly implemented for effective running of the company. The company’s performance is reviewed every now and then to make sure that it is not running at a loss and all the work is done properly and in case of any challenge facing the company, it is addressed and solution to the problems are found.
The managers take any actions required for example train employee on how to do better in their jobs and recruit new employees. Employees are recognized and their performance is rewarded and is developed to be more productive. They are also motivated through increase in their salaries and free health care and housing of all employees. Lessons are implemented to teach on better methods of production. There is system review and plans set are improved to meet the current market demand and satisfy customers demand.
Tall vs flat Boeing company is a flat organization because it runs its operations which are connected globally and they depend on one another. It also uses mathematicians to do analysis of shopping patterns. Typical levels of management Near term who is a planner with management skills, he has a job in level 3 of system engineering. he is responsible for the company’s mission. Scheduler is responsible for planning in the company to make sure plans are determined and ways of implementing them are established.
Manager for strategy analysis ensures that sales are made and there is proper marketing to create awareness of product or service to customers and ensure that products are within customers reach. GMD specialist is in charge of project management to ensure the project undertaken is managed well. FINANCIL STRATEGY AND PRACTICE Company’s most recent quarterly income statement Revenue ttm 66. 45B Revenue per share ttm 86. 983 Quarterly revenue growth 12. 10% Gross profit ttm 11. 09 EBT DA ttm 6.
8l Net income AVL to common stock ttm 4. 0lB Diluted EPS ttm 5. 205 Quarterly earnings growth (yoy) 60. 50% Most recent quarters revenue and net income figures As by the nine months ended by 30th September 2007 Revenue of ps 447,800,000which represents a decrease of 27. 7%in relation to 6l9, 627,000 in the year 2006 at the same period. The net income for the third quarter in the year 2007 amounted to ps 32,360,000 in comparison with ps 31,699,000 in third quarter of the year 2006. Company’s current stock price
On 26th October 2007, Boeing share price closed at $8l. 9l. This was a range from $83which was high to $8l. 57which was low. This was an average of $82. 29. The stock price would go up in the next quarter because the profits of the company rose by 3%. This rise in profit will attract investors to invest in the company through purchase of shares and when the demand of company shares go up it will result to increase in the price of stock. REFERENCES 1. www. boeing. com 2. www. yahoofinance. com 3. Odiorne George; Strategic Management of Human resource; Jossey-Bass, 1984