Managment Planing
Management Planning
MGT 330
Daniel Boose Management Planning Boeing is one of the largest aerospace and defense contractors in the world. They produce high-end aircrafts for both commercial and military organizations throughout the world. In addition to aircrafts, Boeing produces products and tailored services that include satellites, weapons, electronic and defense systems, launch systems, advanced information and communication systems, and performance-based logistics and training (Boeing, 2011). Boeing employs over 160,000 employees in over 70 countries worldwide. Business planning is an overwhelming task for such a large company like Boeing, considering they are constantly influenced by external and internal factors that involve legal and ethical issues, all while striving to maintain the highest social and corporate responsibility. Factors such as competition, economic conditions, and technology directly influence Boeing’s strategic, tactical, operational, and contingency planning.
The Planning Function When planning, a manager must decide what they want to achieve and how they are going to achieving it. This cycle of operation known as the basic planning process incorporates six steps to successfully reach organizational goals. These steps are: situational analysis, alternative goals and plans, goals and plan evaluation, goal and plan selection, implementation, and monitor and control. Each of these steps plays an intricate part in the formal planning process. The first step is to identify all goals and analyze them thoroughly. Situational analysis is “a process planners use, within time and resource constraints, to gather, interpret, and summarize all information relevant to the planning issue under consideration” (Bateman & Snell, 2009) For example, If Boeing was thinking about launching a new airplane, it would be imperative to conduct a thorough analysis of its construction, performance, reliability, safety, etc. The
MGT 330
Daniel Boose Management Planning Boeing is one of the largest aerospace and defense contractors in the world. They produce high-end aircrafts for both commercial and military organizations throughout the world. In addition to aircrafts, Boeing produces products and tailored services that include satellites, weapons, electronic and defense systems, launch systems, advanced information and communication systems, and performance-based logistics and training (Boeing, 2011). Boeing employs over 160,000 employees in over 70 countries worldwide. Business planning is an overwhelming task for such a large company like Boeing, considering they are constantly influenced by external and internal factors that involve legal and ethical issues, all while striving to maintain the highest social and corporate responsibility. Factors such as competition, economic conditions, and technology directly influence Boeing’s strategic, tactical, operational, and contingency planning.
The Planning Function When planning, a manager must decide what they want to achieve and how they are going to achieving it. This cycle of operation known as the basic planning process incorporates six steps to successfully reach organizational goals. These steps are: situational analysis, alternative goals and plans, goals and plan evaluation, goal and plan selection, implementation, and monitor and control. Each of these steps plays an intricate part in the formal planning process. The first step is to identify all goals and analyze them thoroughly. Situational analysis is “a process planners use, within time and resource constraints, to gather, interpret, and summarize all information relevant to the planning issue under consideration” (Bateman & Snell, 2009) For example, If Boeing was thinking about launching a new airplane, it would be imperative to conduct a thorough analysis of its construction, performance, reliability, safety, etc. The
References: Bateman, T.S., & Snell, S.A. (2009). Management: Leading & Collaborating in a Competitive World, Eighth Edition. McGraw-Hill Companies, Inc. Boeing. (2011). Ethics. Retrieved November 7, 2011 from, http://www.boeing.com/companyoffices/aboutus/ethics/ Business Dictionary. Definition of Implementation. Retrieved from http://www.businessdictionary.com/definition/implementation-plan.html Boeing. (2011) Feature Story. First biofuel powered military takes flight. Retrieved from http://boeing.mediaroom.com/index.php?s=43&item=1264 USDOJ. (2000) Boeing to pay U.S. for selling army defective helicopters. Retrieved from http://www.justice.gov/opa/pr/2000/August/450civ.htm