Question

please give me a summary about Boeing company. please tell me why Boeing is good and bad and why they are important.

Answer 1

Boeing Company: Boing Company, known as Boing is one of the largest companies in the world. The Boing started in the year 1916 by Willian Boing. Boing is an American multinational company that manufactures and sells commercial Jet transports. Boing is one of the leading producers of aircraft, space vehicles, missiles, rocket launchers, rockets, Helicopters, telecommunication equipment, and defense equipment. The Boing was headquartered in Seattle until 2001, after that it relocated to Chicago.  

Boing company is one of the top US exporters and serving the government of more than 150 countries. Boing also provides leasing and support systems to worldwide clients. Boing employs more than 1,70,000 people in the US and the other 70 countries. Boing is a leader in aerospace and other innovative defense & space products. Boing provides support services to its products for clients and the quality of aircraft made by boing is higher than competitors.

The Boing has five divisions with respect to its product line in the aviation sector those are as follows,

a. Boing Capital

b. Boing Defense, Space, and Security.

c. Boing Commercial AIrplains

d. Engineering, Operation, and Technology.

e. Boing Shared Service Group

The future plans for Boing are to use Biofuel for aircraft engines, working on hybrid electric technology, etc. The Boing in innovation and the latest technology and have been using continuously since inception. The main USP of boing is the quality products but not expensive as compared with competitors. The Boing is also provides leasing services to its customers, additional spare parts, technological documents, and technology updations from time to time.

Boing has a Matrix structure in its organization and has a vice president for each department.

Strengts of Boing:

Boing is one of the largest aircraft and other defense & space products in the world. It has been improving its product line as per the client requirement. The strengths of the Boings are listed below:

a. A well known, high technological and innovative company, known for quality products at the best rates in the world.

b. A vertical diversified multinational company, have a huge related product line.

c. Huge investment in research and development, innovation, and creativity in its products. Very strong position in the defense and security market.

d. One of the largest employers with highly skilled and experienced employees with great compensation benefits. The company is providing the best training and development opportunities for employees.

e. A large product line that satisfies customers ' needs and requirements. With the best and latest technologies in the products make Boing a trustworthy company.

f. The company has a huge list of reliable suppliers for its raw materials and integrated components around the world, that help in improving supply chain and inventory management.

g. The company has a strong cash inflow that is essential to enter into new projects very easily.

h. The company has been successful in its execution of new projects and benefited with high capital revenue from these projects.

The weakness of Boing Company:

The weakness of Boing company are listed below:

a. One of the weaknesses of Boing is the high pension scheme with retired employees, that add to expenses in its P&L.

b. It has weak operational performance in the space and defense segment as compared to its competitors.

c. Labor Issues: 38% of Boing employees are part of the labor unions that affect the work and delays from time to time and affect productivity and delay in delivery happen.

d. Boing has a higher dependency on US contracts, around 25-30% of Boing sales comes from the US government. It could be an issue in the future due to the main dependency on US contracts.

e. Due to dependency on some suppliers for raw materials and other components, the suppliers have bargaining power. When any supplier is not available, it affects productivity and work delays.

f. The marketing strategy is not properly defined for its products. Due to that, its competitors get the advantage of it.

g. Financial Planning is not worked properly. The company is not using its cash more efficiently that is founded by its current asset ratio and liquid asset ratios.