Boeing is the top aerospace corporation and the largest producer of commercial and military aircrafts combined, with abilities in missiles, electronic and defense systems, rotorcraft, satellites, launch vehicles and advance information and communication systems. Boeing supplies to 145 countries in the world and is the number one exporter in US sales. Boeing’s headquarters is in Chicago, IL (Boeing, 2007).
Planning Function of Management
Of the four functions of management, planning is the first function to be handled. There are different phases to planning such as Strategic planning, Operational Planning, and Contingency Planning. All of these different phases of planning play a vital part in the operation of a business.
Legal, ethical, and social responsibility
The knowledge of the legal, ethical and society responsibility issues is a requirement in management planning. These issues are important in implementing a strategic plan for an organization. Because Boeing is such a large company, it is not easy to handle regulations like anti trust. Boeing has to be conscious of foreign trade regulations also. A political factor that may harm business is external audits. Some factors are Tax Laws, economic laws, Import tariffs and quotas, foreign trade regulations, Climate and stability, copyright laws and patent laws.
Ethical and Social Responsibility
Boeing and Airbus are disputing with each other, along with the government and countries. Neither Boeing nor Airbus will admit to receiving assistance from the government. EU member states are donating to the producing of Airbus aircrafts and Boeing receives lucrative contracts from the US government.
Unethical co ...