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Write a 2 page essay on The article should be timely and address an economic issue of current interest to Wall Street Journal readers.There ought to be a clear comprehension to retain profitability as
Write a 2 page essay on The article should be timely and address an economic issue of current interest to Wall Street Journal readers.
There ought to be a clear comprehension to retain profitability as the economy is recuperating from global depression.
Due to the inconsistencies and stalled activities caused in its operations, Boeing may certainly lose its credibility in the international market if it jets out of the industry. Gaining ground in terms of positioning and retargeting will be a daunting task to sort out or achieve. For example, the directive from the Federal Aviation Administration in the US to ground operations of the Company’s series due to the accident after an emergency landing in Japan would have an economical impact not only to the Company but also the entire US economy that derives part of its breath from the Company’s operations (Jane).
These events will cause a wound into the country’s economy and may suffer dangerous blows in its economic standing thus should get a swift address to prevent more damage to the already improving status. More and more customers would lack value and morale they had in the Company that was once reliable and effective to rely on. The crippled loyalty will ultimately direct potential passengers to the competitors hence leading to huge losses of revenue. This is seen as the resultant effects due to the fact that the economy of US generates most of its revenue from the aerospace as well as the automobile industry hence hurting the economy to this magnitude would trickle down in effect to affect even more industries that may be dependent on Boeing (Jeri). Arguably, the global confidence could be seriously hit by the bad series of happenings of the company including, and not limited to, fuel leakages, faults in computers and frequent fires. These, if not checked, would plunge the entire airline into misery for which revitalizing would require abundance of resources to restore life and guarantee the economic
