Boeing is the largest aerospace company and the largest manufactor of commercial and military aircraft in the world. Boeings military aircraft come equipped with missiles, satellite, launch vehicles and advanced information and communication systems. Boeing is the number one U.S. exporter when it comes to sales. Boeing’s management must understand the importance of the legal, ethical and social responsibility of their organizations. All of the above mentioned will have an effect on the planning function of management.
Legal Issues
Some of the legal regulations Boeing encounters are antitrust regulations and foreign trade regulations. The government can influence a company’s strategy by the laws the government imposes. A company has a legal responsibility to follow all government regulations. Boeing will also have to pay attention to environmental laws and copyright and patent laws. Boeing must also pay attention to impositions that other countries may put on the airline industry. Boeing must respond appropriately to other countries political and economic environment. The biggest legal responsibility Boeing faces is the safety of their passengers. When an airplane crashes without being manipulated by outside factors it is always the responsibility of the airline. The airline will be responsible for paying out any compensatory damages to the surviving family members.
Social Responsibility
Social responsibility is an individual or group’s actions benefiting the society as a whole more than oneself or the group. Boeing uses research and development as a way to increase customer’s choices every year as well as providing a safe and effective service for their customers. Boeing is currently developing a new 787 Dreamliner jet. Some of the features o ...