Free Essay On Strategic Initiative Paper
A successful business needs a successful and prudent combination of efficient strategic planning and an educated and informed financial planning. If and only if such is done expeditiously than a simple business can be turned into a lavish empire. The building of such business is not based on bricks but on the proper knowledge base and correct understanding of risks and rewards, which are surprisingly part of any business (Leading Ahead 2014).
This is not a new theory but a quite old one. If we look at history, we can find Boeing as one of the several examples of successful empires. They are monuments and exemplary for today's business ventures. The aim of this paper is to provide strategic and financial planning linked with the functioning of company Boeing. This is also considered in to discuss the impacts of initiatives on financial planning of the company (Leading Ahead 2014).
The Boeing Corporation is one of the leading manufacturers in the aerospace industry in the whole world. It is a pioneer in research, design and drafting customized value products according to the needs of the client. The giant and continuous success by the company is not solely on its manufacturing side but also on drafting efficient and proficient financial and strategic planning and tool (Leading Ahead 2014). Through proper strategy, Boeing enabled itself to rule the market and drive all the competitive forces out of the market. It has shown through its operations that he is not just a world leader in words but applying its strategies for minimizing wastages and increasing productivity through the correct use of resources. This feature makes Boeing differentiate from other rivals where a company does not only formulate the plans but also put implementation on it.
The company's performance is praiseworthy as results revealed where it has earned revenues of 90.8 billion with a rose stock of earning per share of $8.6 as compared to $7.07 of the last year. The figure of operating cash flow is also appealing which shows an increase. This is the reason revenues also shows a positive upward trend and growth on a continuous basis. The company announced historically increased dividends of 25% this year. Defense and security backlogs have been maintained for $502, 391 million this year (Leading Ahead 2014). Record bookings were made for new commercial planes of more than 1400 units. Aircraft deliveries, satellite delivery, and Navy deliveries were made successfully. An overall financial position and stand of the company shows an upward trend of economic growth. This is shown through combination and implementation of correct strategic tools to this business of high class.
The company has formulated a strategy of leadership by drafting a leadership and responsibility model for continuous growth and sustainable development. The model uses the company's strategies for minimizing cost and optimal use of given resources. This is done to formulate plans and make executions. The company has shown growth in all the leading markets of the world. The Overall company is a worldwide leader. The collaborating of success program is one of the main programs that have combined 5oo companies (Leading Ahead 2014). The company has shown advanced development at global level. The company has tested across six continents for the noise pollution and carbon emission control; its more than 25 technologies successfully on ecoDemonstrator. All such actions and plans show a bright financial future of the company.
The company has shown a positive sign by formulating world leading strategies and then applying them to achieve proper growth. The financial planning is also remarkable and in compliance with strategic planning. The company needs to be consistent with it.
Leading Ahead: The Boeing Company 2014 Anual Report. (2014) (pp. 1–134). Retrieved from https://materials.proxyvote.com/Approved/097023/20150226/AR_235328/pubData/source/The Boeing Company 2014 Annual Report.pdf