Boeing Corporation Essay Example for Free

Boeing Corporation EssayFrom Boeing somatic Structure (Chart 1), it shows Chairman, Executive President and Chief Executive Officer, which is represented by one individual to be trustworthy for Executive Vice President who as well acts as Chief Financial Officer and is responsible for finance department plot of land the president is responsible for International matter. Executive Vice President is alike responsible and in weight down of six other Senior Vice- Principals who in turn in load of different departments much(prenominal) as law, business development and strategy, human resources and administration, communication, and internal governance. From the production management side, Boeings Business Development and Strategy is operating under two units, which are Boeing technicalized Airplanes and Boeing Integrated defence mechanism Systems. Supporting these two units are Boeing Capital Corporation, Boeing Shared Services Group, and Engineering, Operations Technology , Aircraft Financial Services and plaza justification Financial Services.From Boeing Corporate Organizational Structure, it describes that the Aircraft Financial Services assists commercial aircraft customers by arranging and structuring asset-based financing, managing technical foul assets, and providing a broad range of efficient financing solutions for Boeing Commercial Airplanes products and services go outs expertise and product offerings let in backstop inscriptions, operating leases, financing leases, sale/leasebacks, freighter conversion financing, long- and short-term financing, and senior and subordinated secured loans.Under the charge of its vice president and general manager, again the structure describes Aircraft Financial Services works closely with Boeing Commercial Airplanes customers to develop aircraft financing solutions. Working with commercial financial institutions, the group is proactively set-aside(p) with the U. S. Export-Import Bank and other mercha ndise credit agencies to ensure avail office of adequate and reasonably priced financing for developing customers and regions.Aircraft Financial Services is play an integral role, along with the Aviation Working Group, in improving the global aircraft financing infrastructure and ratifying the mantle Town Treaty, which will improve the legal framework for international asset-based aircraft financing. The group also is actively engaged to enhance and expand the corking markets. The Space Defense Financial Services, on the contrary, arranges and structures financing solutions for government and commercial customers around the human beings.Vice President of the financial corporation and his group work closely with Boeings Integrated Defense Systems business unit to help arrange funding for satellites, military transports, tankers and rotorcraft. Specialized projects and programs include military-related products, international apology financing, private-public partnerships, pro ject financing, launch vehicles, satellites and related space systems. The nurture creation in the companys capital business unit is based upon discriminating financing solution with a primary mission is to arrange, structure, and provide financial assistance for the sale and delivery of Boeing products and services to other business units. It also aggressively solicits and arranges 3rd party financing for its customers as well as manages its finance and financial risk properly. Boeing recognizes the diverse and extremely skilled workforces who have great contribution to its success and has led the company to lead the world as the worlds second largest commercial and refutal aircrafts.The people finish represents a lifelong attainment experience. The diversity of the people also determines the culture of the company, which is for some, it is refreshing. From human development perspective, Boeing provides an opportunity for its employees to improve their skills by means of comp any-paid tutorship program, through Boeing Leadership Center, and a continuous learning through other programs outside the company so that employees can pursue studies in unlimited fields and environmentsAccording to Boeing, its success is driven by its ability to provide our customers with the right solutions at the right time and the right cost, more effective in addressing afterlife evolving requirements for capability-driven solutions, and is able to further improve execution, reduce organizational complexity, and improve competitiveness for its customers. In its Philanthropy Report, Boeing claims its commitment to being a good corporate citizen. In fact, good corporate citizenship is a core value of our company and is integral to the way we conduct business around the globe.In addition to this being a social imperative for us, we see improving the quality of life in communities where we live and work as a key element to remaining viable and vital in todays global marketplace (2). Executive members are engaging in the activity of several nonprofit organizations including in college and university while employees are engaging in volunteer activities and other community programs. The company continues expanding as it generates pertly innovations.With expansion, its capabilities and capableness also increase, from human resources development to more efficient members of its commercial airplane family integrating military platforms, defense mechanism systems and the war fighter through network-centric operations creating advanced technology solutions providing broadband connectivity on moving platforms including airplanes and arranging innovative customer-financing solutions. The company boasts of its management and leadership success in the field of commercial aircraft and integrated defense system.Its strategy is to provide the right people for the right job, technologies, processes and performance at the right time and in the right place across the co mpany worldwide. And to take a leadership role by creating a primary supports to its business units through several organizational groups such as Phantom Works, Intellectual place Management, and Information Technology, as well as in the Engineering, Operations, Quality, and Information Technology process councils.According to Boeing, through all its activities, Engineering, Operations Technology helps ensure the future success of Boeing by winning strategic new programs, providing innovative technology and process solutions, transforming Boeing into a global network-centric enterprise, enhancing and protecting the companys intellectual capital, and fostering a culture of innovation. Looking at its success, Boeing has had great strategies but the recent strategy of cost management has impacted the company, specially employees downsizing.This will eventually affected the companys future performance as the second of the worlds leaders in aircraft industry. Expansion increases cos t but one best thing is to asseverate its specialty. The only strategy I would suggest for Boeing to maintain its healthy organizational is to reduce its expansive activity, such as investors outreach program or realty activity, while maintaining its human resources. Corporate executives compensation should also be taken into consideration because no executives are successful without the employees.