Fortune 500 CEO of Boeing Term Paper Example | Topics and Well Written Essays - 750 words

Fortune 500 CEO of Boeing - Term makeup ExampleAs stated in the executive biographies, The honors and recognition he received include potty W. Dixon Award (2011) from the Association of the U.S. Army, Turning Point Award (2012) from the U.S. Army War College Foundation, Semper Fidelis Award (2012) from the Marine army corps Scholarship Foundation, and National Management Associations Executive of the Year (2008). McNerney has been a big success as a strategic leader throughout his extensive career. The key aspect of his strategic leadership is the emphasis he gives to the growth of others. Unlike many other entrepreneurs, Jim gives more importance to his crew than the companys scheme or product. He disclosed this strategy to Fortunes Geoffrey Colvin I start with heaps growth because I believe that if the people who are running and participating in a company grow, then the companys growth will in many respects take care of itself (Colvin). Another unique quality of this strategic leader is that he seldom fears change but enjoys it. Admittedly, in the current global market, the Boeing Company has numerous potential opportunities. ... This mail offers potential opportunities to the Boeing Company and its leader. The firm has a strong global network and it assists the company to spread its elements of risk. This saturation also benefits McNerney to easily raise adequate resources whenever necessary. An efficient research and development department would be stabilizing for the organization to vie with its market rivals. Similarly, the Boeing Company and its leader face some potential challenges too. Firstly, the increasing terms of titanium and aluminum is likely to threaten the market position of the organization. Referring to the law of demand, the demand for Boeing aircrafts may dusk if their price increases. Hence, the company may struggle to maintain its market dominance. In addition, intense competition in the industry also affects the competitivenes s of the firm. The growing competition can be a tough analyse for McNerneys leadership and a major(ip) challenge to the companys future. The company has been increasingly depending on the US government contracts. This over reliance might adversely affect the firms viability if the federal government terminated the contracts with the Boeing Company for some reasons. Finally, the US government has recently introduced some strict regulations on the purchase of military equipments. This change also may affect the business operations of the Boeing Company. round major steps taken by McNerney at 3M include changes in research and development activities. Those steps gave limited focus to customer orientation. Since then the company has been focusing more on the growing Chinese market. Some changes, including strict financial control were termed