Management Planning Paper Mgt/330
Management Planning Paper MGT 330
July 1st, 2013
Management Planning Paper
In any business or organization, the planning function management is utmost important as it would create sustainability for the company; effectively and efficiently maintained profit margins and assist their employees to function. Also, management would be able to assess their business for future longevity and address any problems that may arise. This paper would address the company “Halliburton” and the use of the planning functions, legal issues, ethics, and corporate responsibility, last but not least, analyze three factors that influence the company’s strategic, tactical, operational, and contingency planning. The key to success for any business or organization is proper planning.
Halliburton was founded in 1919; it is one of the world’s largest providers of products and services of the oil and gas industry. The company employs more than 74,000 employees from 140 nationalities in approximately 75 – 80 countries worldwide. Halliburton currently comprises 13 product service lines (PSLs) which operate in two divisions – drilling and evaluation, and completion and production. PSLs are accountable and responsible for strategy, technology, process, and people development. The first headquarters are based in Houston, Texas and their second headquarters are in Dubai, United Arab Emirates. Halliburton has been involved in a few scandals in recent years in which have left a stigma on their reputation. Most people believe that Halliburton team with the government to boost their profits nevertheless Halliburton is a very successful and profitable company around the world.
Planning Function of Halliburton
The Halliburton Company uses planning as one of their main components that involves their goals and strategies in every aspect. It is stated in one of their mission statements that the employees, stockholders and customers comes first and would do everything to satisfy their
July 1st, 2013
Management Planning Paper
In any business or organization, the planning function management is utmost important as it would create sustainability for the company; effectively and efficiently maintained profit margins and assist their employees to function. Also, management would be able to assess their business for future longevity and address any problems that may arise. This paper would address the company “Halliburton” and the use of the planning functions, legal issues, ethics, and corporate responsibility, last but not least, analyze three factors that influence the company’s strategic, tactical, operational, and contingency planning. The key to success for any business or organization is proper planning.
Halliburton was founded in 1919; it is one of the world’s largest providers of products and services of the oil and gas industry. The company employs more than 74,000 employees from 140 nationalities in approximately 75 – 80 countries worldwide. Halliburton currently comprises 13 product service lines (PSLs) which operate in two divisions – drilling and evaluation, and completion and production. PSLs are accountable and responsible for strategy, technology, process, and people development. The first headquarters are based in Houston, Texas and their second headquarters are in Dubai, United Arab Emirates. Halliburton has been involved in a few scandals in recent years in which have left a stigma on their reputation. Most people believe that Halliburton team with the government to boost their profits nevertheless Halliburton is a very successful and profitable company around the world.
Planning Function of Halliburton
The Halliburton Company uses planning as one of their main components that involves their goals and strategies in every aspect. It is stated in one of their mission statements that the employees, stockholders and customers comes first and would do everything to satisfy their