Management Planning Paper
Lemont Feb 27, 2008
Management Planning Paper In management, each of the four functions, planning, organizing, leading, and controlling, are crucial to the development of any business. Involving employees in the planning process help them understand the goals of the organization. Planning is analyzing a situation, determining the goals that will be pursued, and deciding in advance the actions needed to pursue the goals. This paper will evaluate the planning function of the Halliburton Company and analyze the impact that legal issues, ethics, and corporate social responsibilities have on management planning along with examples of each, and analyze three factors that influence strategic, tactical, operational, and contingency planning. Planning is the core area of all the functions of management. Halliburton Company was founded in 1919 and is headquartered in Houston, Texas with an additional headquarter in Dubai, the United Arab Emirates. Halliburton Company provides various products and services to the energy industry worldwide. Halliburton serves the upstream oil and gas industry throughout the lifecycle of the reservoir, from locating hydrocarbons and managing geological data, to drilling and formation evaluation, well construction and completion, and optimizing production through the life of the field. The company operates in three divisions: Drilling, Evaluation, and Digital Solutions; Fluid Systems; and Production Optimization. The Drilling, Evaluation, and Digital Solutions division offers processes coupled with software and hardware solutions to visualize and simulate well activity, while its drilling tools, logging, and perforating technology enables optimal placement and production of the well. The Fluid Systems Division focuses on fluid management and technologies to assist in the drilling and construction of oil and gas wells.
The Production Optimization division tests, measures, and provides means to manage and improve well production,
Management Planning Paper In management, each of the four functions, planning, organizing, leading, and controlling, are crucial to the development of any business. Involving employees in the planning process help them understand the goals of the organization. Planning is analyzing a situation, determining the goals that will be pursued, and deciding in advance the actions needed to pursue the goals. This paper will evaluate the planning function of the Halliburton Company and analyze the impact that legal issues, ethics, and corporate social responsibilities have on management planning along with examples of each, and analyze three factors that influence strategic, tactical, operational, and contingency planning. Planning is the core area of all the functions of management. Halliburton Company was founded in 1919 and is headquartered in Houston, Texas with an additional headquarter in Dubai, the United Arab Emirates. Halliburton Company provides various products and services to the energy industry worldwide. Halliburton serves the upstream oil and gas industry throughout the lifecycle of the reservoir, from locating hydrocarbons and managing geological data, to drilling and formation evaluation, well construction and completion, and optimizing production through the life of the field. The company operates in three divisions: Drilling, Evaluation, and Digital Solutions; Fluid Systems; and Production Optimization. The Drilling, Evaluation, and Digital Solutions division offers processes coupled with software and hardware solutions to visualize and simulate well activity, while its drilling tools, logging, and perforating technology enables optimal placement and production of the well. The Fluid Systems Division focuses on fluid management and technologies to assist in the drilling and construction of oil and gas wells.
The Production Optimization division tests, measures, and provides means to manage and improve well production,
References: Gutman, H (2002). Retrieved February 27, 2008, from Dishonesty, Greed and Hypocrisy in Corporate America Web site: http://www.commondreams.org/views02/0712-02.htm (2008). Halliburton. Retrieved February 27, 2008, Web site: http://www.halliburton.com/Default.aspx?navid=340&pageid=776 (2008). Halliburton Company. Retrieved February 27, 2008, Web site: http://investing.businessweek.com/research/stocks/snapshot/snapshot_article.asp?symbol=HAL Bateman, Snell, T.S., S.A. (2007). Management: Leading & Collaborating in a Competitive World, 7/e