This article provides an analysis of Airbus, a multinational European Aerospace Corporation, including its structure, notable achievements, and future prospects.
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Running head:AN ANALYSIS OF AIRBUS An Analysis of Airbus Name of the University: Name of the Student: Author Note:
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2An Analysis of Airbus Introduction: Initially known as, European Aeronautic Defence and Space Company (EADS), Airbus is a multinational European Aerospace Corporation, headquartered in Netherlands, with its trades and shares expanded in France, Germany and Spain. The company, essentially designs, sells and manufactures military and civil aerospace equipment ‘across world. The main manufacturing house of the companies in Europe, however it is spread over other countries as well. The third largest company in this business, is divided in three layers, Defence and Space, Commercial Aircrafts and Helicopters (Airbus. 2019). The company designs military transports, satellites, launch vehicles, helicopters as well as commercial vehicles, at the same time provides, data services, urban mobility and transports, navigations, secure lines of communication and other solutions to the customers at the global level. The company includes ethical considerations into its orientation and uses modern age, developed technologies and digital and scientific excellence. The aim of the company is to make the world more global and connected, safe and prosperous with a better communication and commutation system (Airbus. 2019). Along with the expansion of the business the company works towards becoming the global supplier and expanding their range of vehicles using more scientifically sound technologies. They perceive innovation as their factor of motivation and driving force. They practice a sustainable and responsible approach in their conducts. Structure of the Company: The company has took a new name and became Airbus from EADS, in the year 2014, and incorporated a unified headquarter along with certain corporate changes within the organization. These changes were structural in orientation. Previously the organization had a structure with an operational parent company, chief executive and three main subsidiaries, one civil planner, a fixed military system who controlled the wing aircraft and space systems.
3An Analysis of Airbus In the new structure he following structure was incorporated (Schmid and Altfield. 2017). A chief executive, chief operating officer and two main subsidiaries and in the defence section a fixed military system who controlled the wing aircraft and the space systems. The executive committee manages the organization as per the Laws and Articles of the association and practices a transparent governing system. The executive committee are the main controlling body of the organization. Therefore, the role and responsibilities of the governing body are- oTaking decisions, both financial and organizational. oSetting up and implementing the strategies. oGoverning the policies and supervising whether the policies are properly implemented. oControlling and governing the performance level and production quality of the organization. oAppointing employees and making them understand their roles. oConductingthemanagerialworksandmaintainingtheorganizational structure. oControlling and managing all the business issues and maintain a proper organizational structure within the system (Bodily et al. 2017). The CEO of the company works towards meeting the goals and practicing a consensus in the conducts of the company. One of the most important aspect of the organizational structure is that, they prioritize their subsidiaries, especially on the financial way. The data sheet and the financial statements are made on the same date and thus the organization practice a consolidated financial statement system. The executives also maintain an equity approach to their associates and in their joint ventures, investing equally in both the cases, and these investments are essentially and initially recognised at cost (Petrescu et al. 2017).
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4An Analysis of Airbus Notable Achievements of the Company: The first plane that was made by the company was A300, in the year 1972, which was the first twin-engine, wide bodied Plane, which the world had first seen to be flying. The company gradually made its entry in the market, and had made a good customer base in USA. But today, the company has humongously expanded all across the country. In January 2015, it made its’ 10,000thplane that was the widest that the world had ever seen and entered into a joint venture with Qatar airways (Airbus. 2019). This the only company that makes both commercial air vehicles and space crafts. In 2016, the company had shown its biggest project or concept plane that included a bionic structure mimicking the bone structure of the birds, which is both strong and light and open at the same time, with skinny wings. The company has said to have introduced planes with intelligent cabin membranes hat can go transparent and can provide the passengers a panoramic view, by the year 2050 (Milana. 2017). In the past years Airbus has shown a notable increase in its net revenue with launching an increased number of flights (Airbus. 2019). Therefore, as a concluding point it can be said that the company has just started its journey and has a long way to go.
5An Analysis of Airbus References: Airbus. (2019).Airbus Home. [online] Available at: https://www.airbus.com/ [Accessed 10 May 2019]. Bodily, S.E., Lichtendahl Jr, K.C., Bodily, S.E. and Lichtendahl Jr, K.C., 2017. Airbus and Boeing: Superjumbo Decisions.Darden Business Publishing Cases, pp.1-7. Milana, B., 2017. Valuation of Product Line Extension Success: Airbus and Boeing Case. Petrescu, R.V., Aversa, R., Akash, B., Corchado, J., Berto, F., Mirsayar, M., Apicella, A. and Petrescu, F.I., 2017. Home at airbus.Journal of Aircraft and Spacecraft Technology,1(2). Schmid, S. and Altfeld, F., 2017. Airbus–Managing the legacy of a complex international merger.InTechnologie,StrategieundOrganisation(pp.287-308).SpringerGabler, Wiesbaden.