Advanced Managerial Accounting

Question: Discuss the business career of William E. Boeing up to 1935. Answer: William Boeings lust to touch the skies made him leave his family when he was 20 years old. He left college at the age of 22 years and started the business of logging in the farms that he had inherited which was his first business trait. He added wealth in this field by acquiring more and more timberlands and establishing the Greenwood Timber Company (Carl, 1989). Right from an early age Boeing was destined to do something different. An altogether different notion and zeal was present in the mind of Boeing that helped in the path to achievement. Having attended an Aviation meeting in 1910, Boeing was impressed by personalities like US Navy Lieutenant, G.Conrad Westervelt, flier Terah Maroney and Jerome Hunsaker. On one of the trips, Boeing saw the flat picture of the whole landscape that gave him the vision to build a better airplane. He applied for aviation instruction in Glenn L. Martin School that gave him the definite direction to achieve his goal. On completion of his course, he ordered his private plane that was the starting point of his own aviation development (Harold, 1956). He employed a group of technical assistants all set to build the first plane which was launched on June 15, 1916 under the name and title of Bluebill, Boeing Westervelt, Model 1. The largest aerospace company was hence born. A few years down the lane, US declared war on Germany in 1917 when Boeing Airplane Company commenced building Navy Airplanes. Despite this, Boeing was always moved to apply his technology to peace making rather than at war. During these years, the company began to struggle and had to diversify into phonograph cases, furniture, corset company fixtures, commercial aviation, and so on and so forth (Harold, 1956). Its historical delivery of 60 letters from Vancouver to Seattle was the first international airmail to have reached the United States. His initial days of hard work in the farms fetched him fruits in the form of his foresight of using air-cooled engines in mail plane rather than water-cooled engines. This won him significant bids in commercial air transport that provided him further significant landmark. As a whole, the life of William was studded with hard work and achievement. It was just within a short time span of 12 years, the Boeing Airplane Company employed more than a 1000 men and had become a major aircraft manufacturer for several airline companies, school for pilots, engine and propeller manufacturer and all such related activities (Serling, 1992). His real romance with the aircraft industry for years won him the Daniel Guggenheim Medal that was a great honor. Hence, it can be said that the entire life of William was spent towards achievement and path to progress. Thus, the man of indomitable courage and undaunted spirit will be an inspiration for all young entrepreneurs in the history of aviation. One of the remarkable journeys that will be a benchmark for all the entrepreneurs and will provide a strong lesson in the path of development. References: Carl, C. (1989). Boeing Trivia, Seattle. CMC Books Harold, M. (1956). Vision: A Saga of the Sky. Duell, Sloan, Pearce Serling, R (1992). Legend Legacy: The Story of Boeing and Its People. New York