Using Halliburton as the company please help to:
1. Evaluate the planning function of management.
2. Analyze the influence that legal issues, ethics, and corporate social responsibility have had on management planning at Halliburton. Provide at least one example for each.
3. Analyze at least three factors that influence the company's strategic, tactical, operational, and contingency planning.
Please provide references.© BrainMass Inc. brainmass.com October 10, 2019, 12:40 am ad1c9bdddf
Halliburton is one of the biggest oilfield service companies in the world. The company primarily serves the upstream oil and gas industry with an all-inclusive range of services, from the place of hydrocarbons to the construction of oil and gas. Services offered by the company include furnishing production optimization, drilling valuation, fluid services and oilfield drilling software and counselling. The company combines tried-and-true well drilling and optimization proficiencies with high-tech investigation and modelling software and services (About Us, 2010).
From the time of its inception, it works in conventional oilfields from the North Sea to the Middle East as well as in more novel sites in Southeast Asia and Africa. The company has made numerous efforts in different directions for managing their position in the industry and divestment of its KBR engineering and military contracts division is part of its efforts. The Halliburton took KBR public in 2006 by extending a 20% stake in an IPO and afterwards divested the rest, cutting all connects with the company in 2007.
It rationalized its management along with number of other efforts of the company. Due to all of these efforts, in 2006, the company was awarded with a multimillion-dollar contract by Saudi Aramco as component of the Khurais oilfield development project, the greatest in the region since the 1950s.
Evaluation of Planning Function of Management
Traditionally planning is considered as one of the four main functions of management, along with organizing, leading and controlling. Planning pertains to the identification of where one want to go, why he want to go there, how he will get there, what he requires in order to get there and how he will experience if he is there or not (Montana & Charnov, 2000). Planning entails looking ahead and sketching future courses of action to be accompanied. It is an introductory step for an organization in its all business operations.
Similar is the situation with Halliburton, which is one of the largest corporations in the United States. ...
This solution provides a paper that discusses management planning.