Create a 5 page essay paper that discusses Strategic Management: Boeing.Taking fullest advantage of the opportunities presented by the IT sector, Boeing launched Exostar an e-business web-portal in Ma

Create a 5 page essay paper that discusses Strategic Management: Boeing.

Taking fullest advantage of the opportunities presented by the IT sector, Boeing launched Exostar an e-business web-portal in March 2000 together with BAE Systems, Lockheed Martin, and Raytheon with Rolls-Royce joining in June of the following year. Exostar is a global exchange for the aerospace and defense industry allowing suppliers, manufacturers, service providers, government organizations, and airlines to trade in an e-commerce environment. Boeing makes a sale of more than $2 million over the Internet in every 24 hours. In the recent past Boeing's outsourcing strategy has been widely debated the worldover. Boeing has started taking the services of Russian aircraft engineers and Indian software experts because of their high technical skills and cheap wages. Business online (2006) reports that Jim Morris, Boeing's vice-president for engineering & manufacturing and the architect of the company's outsourcing strategy, has stated that, “We look all around the world for the best technology, the best intellectual capability, and for the best manufacturing capability in a serious effort to improve our competitiveness”. Outsourcing labor intensive jobs has helped Boeing to concentrate on the expert areas where it has a competitive edge, for example its capabilities include creating new, more efficient members of the commercial airplane family. integrating military platforms, defense systems and the war-fighter through network-centric operations. creating advanced technology solutions that reach across business units. e-enabling airplanes and providing connectivity on moving platforms. and arranging financing solutions for our customers. Internal Factors Analysis Summary (IFAS)

Strengths and Weakness are the internal factors that affect Boeing in making strategic moves. Some such factors are as listed.

Strengths

i.World's leading aerospace company with over 75 percent of the market