Verified Document

Strategy And Decision Making Business Project Project

Business Project

Research Area: Strategy and Decision Making. This research area focuses on the essential elements that enable the achievement of set goals. It explores the strengths and weaknesses linked to a business context and associated decisions. Airline being a large industry with significant economic influences, strategy and decision making become indispensable, especially for large and reputable firms like the Boeing Company. Decision-making strategies encompass various elements. It begins by identifying the goals the company wishes to achieve. Identification ensures that all the required resources are mobilized towards attaining the goal. This is followed by information gathering to determine the consequences of the possible decisions to weigh the best choice. The decision is made and then evaluated to verify that it resonates with the set goals. The research project will

Project Title: Evaluating the strategies and decision-making process for Boeing after the 737 Max crash

Research Question: In what ways has the Boeing Company revolutionized its strategies and decision-making process to enhance its business operations globally after the 737 Max crash?

Specific Questions

i. Which strategies and decision-making methods did the Boeing Company...

Parts of this document are hidden

View Full Document
svg-one

Did the Boeing Company change its strategies and decision-making process after the crash?

iii. Which strategies and decision-making methods can the Boing Company use to streamline its business operations and compete effectively?

About the...

Parts of this document are hidden

View Full Document
svg-one

…business operations for Boeing had changed, and it was facing different market structures that required a unique approach.

In keeping with those challenges, this research project desires to examine the prevailing market and the approach adopted by the Boeing Company to respond to the growing challenges. It also explores strategies and decision-making processes to counter the global challenges. The paper will give a historical approach to Boeing's business excellence and the strategies associated with such success. It will then analyze the shift in market structure and the corresponding strategies and decisions to address the challenges. Overall, the project will answer the research question and share recommendations essential in revolutionizing Boeing's…

Sources used in this document:

References

PBS. (2021). What has happened to Boeing since the 737 max crashes? PBS. Retrieved March 6, 2022, from https://www.pbs.org/wgbh/frontline/article/what-has-happened-to-boeing-since-the-737-max-crashes/

Sorscher, S. (n.d.). Challenge in Aerospace Leadership. SPEEA. Retrieved March 6, 2022, from https://www.speea.org/new_temp_items/SPEEA_Challenge_in_Aerospace_Leadership.pdf

Cite this Document:
Copy Bibliography Citation

Related Documents

Decision-Making
Words: 717 Length: 2 Document Type: Essay

Decision Making The strategic decision for Microsoft that will be discussed in the decision to proceed with Windows 8. Launching a new version of a flagship product is always a big decision, and this was no exception. Windows 8 represented a major overhaul of the company's signature product, redesigning the interface in particular with the objective of having it work across multiple technologies (i.e. tablets, laptops) rather than segregating different versions

Decision Making
Words: 708 Length: 2 Document Type: Essay

This analysis points to the need to make some merchandise changes, and get our branding allowed with a high level. This takes us away from the major competitors who are beating us, something of a blue ocean strategy (Investopedia, 2014) that allows us to carve out a niche for our business that plays to our strengths. We are good at selling clothes to women at premium prices, and that is

Decision Making
Words: 753 Length: 2 Document Type: Essay

The concept of bounded ethicality raises the possibility that Madoff in fact did not understand that what he was doing was unethical. As an experience hedge fund manager, a rational-thinking Madoff had all the tools to understand the ethics of what he was doing, but bounded ethicality suggests that he may have not fully been able to process the situation. One bound could be a myopic vision of his own

Decision-Making Impulse Control and Cognitive Development
Words: 1449 Length: 4 Document Type: Essay

Decision Making, Impulse Control, And Cognitive Development Cognitive development entails the development in children with respect to processing of information, conceptual resources, skills in perception, learning the language and development of the brain. Piaget and Vygotsky advance theories explain cognitive development in children. These theories are similar in some aspects, yet they still differ about issues (Nakagaki, 2011). Piaget gives four stages to explain cognitive development whereby he advances that each

Decision-Making Critical Review Vroom, V.H.,
Words: 2517 Length: 8 Document Type: Research Paper

The two scenarios are likely to sway employees to provide false information if they are encouraged. However, the relationship had much strength in the positive. Therefore, in this study, there were clear choices. The participants were required to either tell the truth or lie. If things were easy for individuals in the world, lines of making moral decisions tend to be much fuzzier, however, the bottom line remains the same

Decision Making and Accounting Theories Business Owners
Words: 1802 Length: 5 Document Type: Essay

Decision Making and Accounting Theories Business owners find that they always have to put on business hats when they are starting up or managing their businesses. However in business it is not the owners who are meant to make decisions only, decisions can also be made by employees. When classification of business decisions is done it is on the basis of how predictable that particular decision is. Programmed decisions are those

Sign Up for Unlimited Study Help

Our semester plans gives you unlimited, unrestricted access to our entire library of resources —writing tools, guides, example essays, tutorials, class notes, and more.

Get Started Now