Example Audit On Boeing - 5076 Words

Running head: STRATEGIC AUDIT 1 The Boeing Company Strategic Audit MGMT 436 Michael Johnson Embry-Riddle Aeronautical University Worldwide STRATEGIC AUDIT 2 Table of Contents Executive Summary 3 Current Situation 4 Corporate Governance 6 External Environment: Opportunities and Threats 11 Internal Environment: Strengths and Weaknesses 12 Analysis of Strategic Factors (SWOT) 16 Strategic Alternatives and Recommended Strategy (TOWS) 18 Implementation of Recommended Strategy 19 Conclusion 20 References 22 STRATEGIC AUDIT 3 The Boeing Company Strategic Audit Executive Summary: This report was developed to analyze the global position of The Boeing Company and how their its current business strategy competes with its†¦show more content†¦Fortunately, Boeing excels in all of these areas as it is a major importer and exporter of raw materials and per assembled parts from their vast group of certified parts suppliers. Boeing is also a major part of the United States Export Control Board as it is a major product exporter with their aircraft and their parts. Boeing’s operations are very structured to provide efficiency and custom tailored to deliver what the needs of the customer are. The service it provides is exceptional in parts and engineering and even overhaul services. Its marketing is an area that is not seen by many; as Boeing is very good at targeting their current audience and they market specifically to those people worldwide (Boeing Edge, 2013). Boeing’s major disadvantage is a limited market as their target customers are usually companies not individuals. Its advantages are that it has a wide variety of services and products to meet its customers’ needs worldwide. Boeing is diversified as it consults operations all over the globe with employees working in the field supporting its customers. Its business strategies that it has been using are working very well for them and it has generated a solid trend of positive financial growth and has aided in the expansion of the company. Boeing’s mission statement is: People working together as a global enterprise for aerospace leadership (Boeing About Us, 2013). Its missionShow MoreRelatedBoeing Case Essay1109 Words   |  5 PagesBoeing 767 Case Study Questions 1. How would you describe Boeing’s approach to project management? What are its strengths and weaknesses? Boeing adopts a very thorough, well planned out process to manage the project. The stages are defined clearly and tasks involved in each stage are carried out sequentially. The first stage of their approach is the project definition phase during which Boeing identified holes in the market not met by existing planes, assessed future airline needs, considered alternativeRead MoreThe Idea Of Eliminating Waste, Also Known As Muda, From1420 Words   |  6 Pagescreativity. Lean may seem somewhat new, considering it was only formally identified in the 1990’s, however, there are now many businesses that put emphasis on the importance of lean. Some companies, such as Boeing, even have organizations focused on the implementation of lean. During the Boeing tour, it was evident that the company has put a lot of effort into incorporating lean systems into many of its internal functions at the Everett plant. In manufacturing, the fuselage automated upright buildRead MoreDynamic Aircraft Case Study : Key Factors1374 Words   |  6 Pagesbusiness procedures and a booming supply chain. Boeing, a manufacturer of large aircrafts, has implemented a multiple step supplier selection and evaluation that allows them to always be aware of their suppliers actions. Boeing regularly audits their suppliers to make sure they are meeting the standards to produce safe and reliable airplanes, assessing their performance, work complexity, and number of failures / quality issues (Boeing 2). An example can be Boeing’s process of inspecting supplier productsRead MoreMarketing Audit Sample3854 Words   |  16 PagesMarketing Audit Sample Marketing Audit: BAE Systems Regional Aircraft Division Overview of BAE Systems Regional Aircraft and Market â€Å"BAE SYSTEMS has a proud heritage that dates back to the early days of manned flight and wireless communications.† (BAE Systems, 2011) BAE Systems Regional Aircraft was a major manufacturer of aircraft such as the Avro family of regional jets including the 146 and the Jetstream 31 and 41 as well as turbo prop aircraft. These aircraft achieved much success especiallyRead MoreBig Dat Large Amount Of Data1222 Words   |  5 Pagesless profit margins, environmental concerns etc.., Airline Industry is largest data generating industry in Information technology. It generates large sets of data which includes weather predictions, customer traffic, and customer behavior. A Boeing 737 generates 240 terabytes of data during a single across US ( Revolution Analytics- 2015).To have insights about its factors it has to analyze its large amount of data from scratch. The technology must analyse and process its unstructural dataRead MoreProject Audit : The Audit1717 Words   |  7 PagesAs noted by Meredith and Mantel (2012) â€Å"The audit life cycle includes audit initiation, project baseline deï ¬ nition, establishing a database, preliminary project analysis, report preparation, and termination† (p. 539). We are going to define what happens in each stage of the audit life cycle: 1. Project audit initiation: This step defines the purpose and the scope of the audit, determines the proper audit methodology to use. 2. Project baseline definition: This step will determine which areas of theRead MoreTime To Rebuild; The Department of Defense Must be Restructured681 Words   |  3 Pagesof dollars. In regards to contracts, all deals should be strictly held to the original price and time frame; While that might seem like an obvious step, it is in fact a great leap forward for the DoD, where most programs go over budget. A Poignant example of this is the F-35 fighter jet, which has cost taxpayers 100 billion more than expected, and is 7 years behind on production. Further more, if regulations on which types of companies could be awarded contracts were relaxed, the Government couldRead MoreAn Investigation Of An Agency Relationship1019 Words   |  5 Pagescompany but do not have the skills, desire, or time to manage the business themselves so they appoint the management as the agent, the agency problem occurs when managers are more interested in their own agenda over the wellbeing of the company. Examples might include: †¢ Managers tend to worry about their benefits. Bonus packages, daily working environment, benefit packages, and position within the company. These concerns many not be in maximize their own benefits, such as bonus packages, workingRead MoreInternal Audit of Ryanair1463 Words   |  6 Pagesexamine the key potential drivers within the present internal environment. Several models would be applied to support the answer and they are Stakeholder Power/Interest Matrix, Cultural Web, Resource audit, Value Chain, and threshold and core competences. With using Ryanair as an industrial example, this essay would talk about how important strengths and weaknesses are to be used in designing strategy. Ryanair was founded in 1985 by Tony Ryan who already died in 2007. It was originally a fullRead MoreCase Study: Internal analysis of Ryanair1196 Words   |  5 PagesCase Study in: Johnson, G. et al., 2005. Exploring Corporate Strategy. 7th ed. Essex: Pearson Education Ltd. 1. Internal audit of tangible, financial and intangible resources Tangible Resources 1. Human Resources * Ryanair currently employs 2000 people (2003) from 25 nations. * The pay is performance related and among the highest in the airline industry (Annual Report 2004, p. 5). Travel concessions and participation in the share option program is granted to all employees. In 2003 over 30% (639