Management Planning: Boeing

Management Planning: Boeing

The Boeing Corporation has been established as one of the world’s leading manufacturers of aerospace technology by blending a unique mixture of Commercial Airlines and Integrated Defense Systems. Success and company stability can be contributed to Boeings innovation and assiduous effective management planning through qualified employees. According to Boeing (2010), “More than 123,000 of Boeings employees retain college degrees - including nearly 32,000 advanced degrees - in virtually every business and technical field from approximately 2,700 colleges and universities worldwide” (About Us, para. 3).

Management Planning Process

The planning process is a detailed cycle of steps that managers use to make qualified decisions regarding organizational goals and objectives. Planning requires managers to make decisions concerning future goals, activities, individuals, groups, and changing conditions. Bateman & Snell state that “planning is a purposeful effort that is directed and controlled by managers and often draws on the knowledge and experience of employees throughout the organization” (Bateman & Snell, 2009. p. 132). The planning process can be broken down in into six steps that closely reassemble the general decision-making process. To understand better the planning process each step must be explained.

Step one of the planning cycle requires managers to use situational analysis “gather, interpret, and summarize all information relevant to the planning issue in question; thorough situational analysis studies past events, examines current conditions, and attempts to forecast future trends” (Bateman & Snell, 2009, p. 132).

Step two allows manager to develop alternative goals and strategies to meet future objectives based on the performed situational analysis. Goals should remain attainable, measurable, relevant, and have a target completion time (Bateman & Snell, 2009). Plans used by managers to reach company goals should be...