Strategic Management Coursework - 550 Words

Strategic Management (Coursework Sample) Content: Topic:Name:Course:Instructorà ¢Ã¢â€š ¬s Name:Date:The Boeing Company has found a lot of challenges in trying to renew it face amid the challenges it is facing in renewing its image to the world. Amongst the challenges this giant company has found is competition from the rival French air bus company.One of the biggest challenges that the company has faced is coming up with a new material of making the aircrafts. Initially, the company had continually made aircraft from aluminum alloys up to about 80%. Creating an aircraft that is fully made of composites has proofed hard for this company. Ideally, the prices of the planes from other companies could not match that of Boeing. This has reduced their sales drastically. Dividends for shareholders reduced to great extents and shareholders started selling their shares. These are some of the challenges that the company management has had to contend with.Outsourcing is one way that the company has used to overcome new chal lenges. This is due to the fact that need for better skilled engineers and designers is on the rise. New methods of production have come up and thus outsourcing is a very crucial strategy. The company has also had to outsource funds from financial institutions in order to finance its operations. Convincing financial institutions of its eligibility to repay the loans has been an uphill task.Revising the previous versions of versions of batteries has been one crucial activity for the company. Over a 100 planes that had been s...