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Why making ethical decisions is important for business
Why making ethical decisions is important for business
The importance of ethics within the decision-making process
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Management Planning Paper
In order to effectively achieve the goals set forth by an organization, regardless of its size, detailed and decisive planning must be completed to ensure that all angles are covered. Outlining alternative actions should also be made to ensure that each goal will be attained. In addition, the resources required to reach the goal(s) and any obstacles that may develop should also be considered. In doing so, will guarantee the achievement of each goal even if or when the plan(s) originally set, fail. To prove the statements made above, I will analyze Boeing, an aerospace company that manufacturer’s commercial jetliners and military aircraft combined, by explaining their levels of planning and how legal, ethical, and social responsibilities impact their planning.
Legal responsibility within a corporate business atmosphere can be summed up as, to follow local, state, federal, and any international laws that are pertinent. This essentially means that an organization is charged with the trust and duty, for being responsibility to maintain its business lawfully. Boeing’s legal responsibility does not only cover the commercial sector but a military sector as well. Presently, one of the many contracts that Boeing has in the military sector is with the United States Army in which Boeing was awarded. This contract entails that Boeing is to provide the army with both new and remanufactured CH-47F/Chinook helicopters, due to be delivered sometime within this year. Boeing’s legal responsibility in this situation was to ensure that the United States government is provided the newest in technology available for a particular aircraft. The legal responsibility in relation to the military sector is very critical since some aircraft parts on an aircraft can be classified. If these parts fall into the wrong hands the company can be held responsible for the breach of classified parts. In addition, this could be crucial to homeland security.
As ethics or values vary from person to person on an individual basis in which decisions are evaluated as morally right or wrong. This concept also is how ethics work within the world of business but on a much larger scale, moral decisions are based on the well being of both local and global levels. In lieu of the rising costs and diminishing resources of oil as well as the environmental concerns of the long-term effects of carbon dioxide, Boeing has committed itself to the exploration of Alternative Fuels for use in Commercial Aircraft.
Assignment: Management Planning Paper Management Theory Practice and Application With any company, organization, or corporation the first phase of any management is planning. This phase is very important to any company because many different planning functions and each planning function create a standard for each of its employees to follow. This paper will discuss the planning functions of management while looking at the Boeing Company. While looking at the different planning functions, this
Asia, and Oceania. Halliburton consists of two company divisions-(1) Drilling and Evaluation and (2) Completion and Protection This paper will go over the various aspects of Management planning within Halliburton. Planning Function of Management Planning is essential at all levels of the Halliburton Organization. Planning is a methodical approach for translating the company mission and vision into strategies and action plans that respond to the customer, stockholders, and employees, as well as
Strategic Planning and Management What is Strategic Management? Strategic planning is a process to provide direction and meaning to day-to-day activities. It examines an organization's values, current status, and environment, and relates those factors to the organization's desired future state, usually expressed in five- to ten-year time periods. The organization may be a program, school, school district, public or private agency, or any other institution that wishes to control its future
Abstract This paper will discuss the management planning of Boeing. Boeing, being a leading distributors of aircrafts, satellites and missiles, I will evaluate and analyze the impact of legal issues, ethics and social responsibility in which they carry. I will show how these factors may influence their strategic, tactical and contingency planning. . Boeing Management Planning Boeing is one of the major aerospace and defense contractors in the United States. Boeing was founded by William E
Planning in layman terms is the process of thinking about and organizing the activities or steps required to achieve the desired results. Planning has a specific process and is necessary for fields like business and management. Planning is preparing of sequence of action steps to achieve a pre-set goal, therefore planning is an important task in project management. Planning is basic management function which involves preparation of more than one detailed plans to achieve maximum balance of needs
“Planning activities include analyzing current situations, anticipating the future, determining objectives, deciding in what types of activities the company will engage, choosing corporate and business strategies, and determining the resources needed to achieve the organization’s goals” (Bateman & Snell, 2009, p. 19). The management planning of Tyco International affects the future success of the business. The planning process includes identifying the mission statement and goals of the company. Tyco
The Planning Functions of Management "Leaders are proactive. They make change happen instead of reacting to change." (Lateiner 2004) The future requires all levels of management to have the skills and ability to combine many unanticipated and diverse events into its planning. "Planning is the conscious, systematic process of making decisions about goals and activities that an individual, group, work unit, or organization will pursue in the future." (Bateman, T. 2004) In order for an organization
Management Planning Paper In management, each of the four functions, planning, organizing, leading, and controlling, are crucial to the development of any business. Involving employees in the planning process help them understand the goals of the organization. Planning is analyzing a situation, determining the goals that will be pursued, and deciding in advance the actions needed to pursue the goals. This paper will evaluate the planning function of the Halliburton Company and analyze the impact
the legal, ethical, and social issues that affect each stakeholder within the company. These factors continually impact the planning process performed at each level of management. An organization that neglects to establish and monitor plans can become disorganized and ultimately lose control of practices performed throughout the corporation. A prime example of poor planning due to disregard of legal, ethical, and social issues were the executives employed at WorldCom. Before 2002, WorldCom was one
be a successful business owner, financial planning is instrumental in business if the owner desires to achieve insurmountable success for the long term. Financial planning in particular is concerned with the evaluation process of the business. Financial management is about establishing short and long term objectives for the business and deciding what resources will be required to achieve the necessary objectives. The primary goal for financial management is to accurately account for the income and
Planning, an imperative part of any business environment, is a daily focus at Boeing Corporation. The organization faces daily challenges to produce products to fit the consumer wants for air travel, comfort, and efficiency. While Boeing deals with a constant need for innovative ideas it also deal with the challenges of its main competitor airbus whom has historically been subsidized by many of the European nations to compete with Boeing for a larger share of the market. Boeing management, through
Management: Planning Function Planning is a major function of management. Planning may be the most important of all management functions. Planning involves a six-step process that assists an organization in setting goals and determining how to accomplish them best (Allen, 1998). “Effective planning helps an organization adapt to change by identifying opportunities and avoiding problems. It sets the direction for the other functions of management and for teamwork” (Allen, 1988, ¶ 1). In order to
cannot be addressed within the organization’s normal operational limits (Project Management Institute
Strategic planning is an organizational process in which it looks towards developing and sustaining success or balance in its ever changing environment. The four steps that lead managers and the firm through the strategic planning process are first defining the company’s mission, then setting objectives and goals, next designing a business portfolio and lastly developing functional plans. The first step involves focusing on consumers’ needs and wants. Setting forth a market oriented mission that
defined as management. "The traditional functions of management "planning, organizing, leading, and controlling" continue to be the key activities used to enable the organization to accomplish its goals and objectives. Though significant changes have occurred in all organizational structures, processes, and managerial styles, these traditional functions remain a constant. (Anderson & Pulich, 2002) To be an effective manager in any organization they must posses these skills. Planning Planning is the