A division , sometimes called a business sector or business unit ( segment ), is one of the parts into which a business , organization or company is divided.
4-544: Boeing Global Services ( BGS ) is a division of The Boeing Company . It provides aftermarket support, such as maintenance and upgrades, to customers who purchase equipment from the company's other divisions, Boeing Commercial Airplanes and Boeing Defense, Space & Security , or other manufacturers. The division was established on July 1, 2017, and is headquartered in the Legacy West development in Plano, Texas . BGS
8-484: A business. If these divisions are all part of the same company, then that company is legally responsible for all of the obligations and debts of the divisions. In the banking industry, an example would be East West Bancorp and its primary subsidiary, East West Bank . Subsidiaries are separate, distinct legal entities for the purposes of taxation , regulation and liability . For this reason, they differ from divisions, which are businesses fully integrated within
12-622: Is one of the most profitable divisions of Boeing, earning a record US$ 19.1 billion in 2023 in revenue at a time when the company's other two divisions operated at a loss. The revenue split is 60% commercial and 40% military. Services offered by the division include aircraft maintenance , converting aircraft to freighters, parts distribution, and developing technology. However, despite the company's financial success, it has also faced frustration from customers in its parts business in response to long lead times and increased prices for parts. Division (business) Divisions are distinct parts of
16-509: The main company, and not legally or otherwise distinct from it. The Houston Chronicle highlighted that the creation of a division "is substantially easier than developing subsidiaries. Because a division is an internal segment of a company, not an entirely separate entity, business owners create and end divisions at their whim. Also, because individuals in each division are employed by the same company, it's easier to modify staffing to fit with this setup". This business-related article
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