...oil and gas industry (Halliburton, 2010). Haliburton employees over 500,000 people in almost 70 countries (Halliburton, 2010). The services offered by the company include the furnishing of production optimization, drilling, fluid services, drilling valuation and oilfield drilling software and counseling (Halliburton, 2010). The company has tested drilling procedures and practices as well as high-tech investigative and modeling software (Halliburton, 2010). Evaluation of Planning Function of Management Planning is one of the four functions of management, which includes organizing, leading and controlling. Planning is to identify where one wants to go a, why he or she chooses to go there, how he or she will get there and what is required to accomplish it. Planning is looking ahead and deciding what future courses of action can be accomplished. This is the beginning step for any company in its business operations. Therefore, it is the same with Halliburton, one of the world’s largest companies. This company is as large that to be as successful as it is, one knows that its planning has to be effective. This company’s management knows that planning for such a large scale and so diversified that it must make sure its systems activity knows when, how and whom is going to carry out the jobs and duties. Halliburton must have a detailed plan for its future actions and is its strength for making all of their expansions. Haliburton has made many mergers and acquisitions over...
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...Running Head: Halliburton - Analysis Halliburton – Analysis Alicia R. Moore Cardinal Stritch University A Capstone Research Product submitted in partial fulfillment of the requirements for the degree of Master of Science in Management February 19, 2012 Abstract Halliburton is a multi-million dollar organization, operating in nearly 80 countries worldwide. The roots of Halliburton trace back to the 1900s, with countless mergers and company acquisitions dotting its history. Halliburton is one of world’s leading oilfield services providers. The organization has a strong financial history that continues despite scandals, regulatory requirements and growing litigation. Halliburton continues to lead its market in innovative practices, diversified revenue streams and the breadth of its global footprint within the oilfield services industry. Table of Contents Page Abstract……………………………………………………………………................ 2 Table of Contents……………………………………………………………………. 3 History of Halliburton ……………………. ……………………………………….. 4-5 Corporate Governance………………………………………………………………. 5-7 Holistic Intrapreneurship …………………………………………………………… 7-9 Conclusion ………………………………………………………………………….. 10 References…………………………………………………………………………....11 History of Halliburton Halliburton is one of the world's leading oilfield services providers with revenues over $18 billion in 2010. Halliburton was incorporated in 1924 in Delaware. Halliburton has approximately 70,000 employees worldwide, and is in the business...
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...Running Head: MANAGEMENT PLANNING PAPER Management Planning Paper for Halliburton Introduction 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...
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...envision the consequences of that action (Collier & Haliburton, 2015, p. 6). In Utilitarian theory the beneficence principle looks at the value of the good and utility, which means contributing the most amount of happiness (Collier & Haliburton, 2015, p. 9). This means, the act of doing good may benefit a particular individual through sufficient healthcare (Collier & Haliburton, 2015, p. 440). Act utilitarianism focuses on the special obligations we have in our relationships (Collier & Haliburton, 2015, p. 11)....
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...between the parents and their children (Rathus, 2011). In order for a bond to occur between the neonate and the mother the mother must provide a healthy nurturing experience to help enrich her neonate’s physical growth and development. Developmental characteristics and milestones of infants and toddlers are many. Between birth and three, children rapidly achieve many important milestones that create the foundation for later growth and development ( Haliburton, 2004). Children must feel safe and secure to develop that sense of trust which then creates independence in the later years. Children are all different and their milestones at their own pace, however they need support of their parent and caregiver in order for this to happen. At the age group from birth to 8months their characteristics are as follows: * Reaches towards interesting objects * Puts hand/objects in mouth * Repeatedly grasps and releases objects * Lifts and holds up head * Sits up alone * Rolls over * Crawl (Haliburton, 2004). According to Piaget there are four stages of cognitive development : sensorimotor, preoperational, concrete operational, and formal operational (Rathus, 2011, p.98). Piaget divides sensorimotor in 6 stages of development: * Reflexive responses- a neonate is able to larch on to his mothers breast * primary circular reactions- at age 1to 4 mos a...
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...Geo-Engineering: Controlling the Climate and Weather Recall the pleasure derived from the last time you took a walk through a park on a day when the weather was perfect. The sunshine was bright, the temperature was perfect, and perhaps there was a slight breeze that left you the ultimate feeling of refreshment as it caressed your face. Or perhaps you can remember the last time you enjoyed the sounds and smells of a light April shower that left the trees and grass looking so green and the air so fresh that you just couldn’t resist taking a deep cleansing breath. No doubt everyone can remember times such as these or similar instances when the weather was responsible for bringing them a lift in spirit. Now imagine that you had the ability to control the weather and climate. Perhaps your first response to this idea is that such a thing is, and always will be, impossible. But you would be wrong in your assumption. In our modern world there is a science called Geo-Engineering that has become a political issue. Geo-Engineering is the ability of scientists to control the climate and weather in various areas and for various reasons. The issue we are all faced with is whether or not having this control is a good thing or a bad thing. First of all we must answer the question of whether Geo-Engineering is a reality. Without question it is, and has been for decades. Scientists have successfully demonstrated in numerous ways the ability to be able to control the climate...
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...horizon's pressure manager for the main pipe was in the dining hall eating a donut according to BP’s website and article on the oil spill. The donut was chocolate with white sprinkles according to the reporter on the dock were he was dropped off by the coast guard.The donut’s body was never found they believe was pushed by waves far out into the caribbean sea. There were many interesting things that happened on that rig on the day it “Blew up”. There were many companies on deepwater horizon including Halliburton,BP,and Transamerica. Halliburton had the job of putting cement over the pipe the oil was spouting out from,they FAILED.The cement was too watery according to the halliburton supervisor Anthony Badalamenti.There are many things haliburton could have done to fix the problem. The deepwater horizon rig spill is the largest and most affecting oil spill ever There are many ways oils can be spilled and many ways they are cleaned up. Oil spills kill millions of animals every spill they even kill TURTLES! ...
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...Extra-Credit: Review of the Video "Fahrenheit 911 Full Movie" 1. In the Supreme Court case of “Gore v. Bush,” Bush was declared the President of the United States. Explain what really happened during the election. The Gore v. Bush election in 2000 hinged on the state of Florida, the election was covered in lead by Fox News, ABC, CBS, NBC and CNN all followed Fox’s lead in the announcement of President. The call was made by John Ellis, a freelance political advisor contracted by Fox News to head their election night “decision desk.” Ellis is also first cousin to George W. Bush and Florida governor. By calling the election for his first cousin, Ellis’ involvement was scrutinized for being instrumental in turning Bush’s loss in the popular vote. Furthermore, the Florida election was held under the supervision of Florida Secretary of state, Katherine Harris, a co-chair of the Bush campaign. This and Ellis’ position at Fox presented an interesting campaign issue: fraud. Ellis announced Bush as the winner of Florida; however, the margin of victory triggered a mandatory recount, the litigation ultimately reached the United States Supreme Court. The Courts decision ended the recounts. On the day of the joint session both the house of representatives and the senate was to certify the election results, Al Gore in his dual role as Vice President and President of the Senate presided over the event that would officially anointed George W. Bush as the new President. If any...
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...Running Head: MISMANAGEMENT AT BP Mismanagement at BP Name: Course: Tutor: University: City/State: Date: Mismanagement at BP In 2010, an explosion off the Gulf of Mexico occasioned the worst oil spill in the history of the US. The well that exploded was jointly owned by BP, Moex and Haliburton with BP owning 65% while the rest owning 10% and 25% respectively. The resulting effect was the death of 11 people, the injury of 17 and spilling between 3 and 4 million barrels of crude oil into the ocean. A commission set by the US president to investigate the cause of the massive spill found that management failures were at the core (Werdigier, 2010). This was further compounded by the lack of sufficient government oversight into the drilling of offshore oil wells. Furthermore, the commissions report argued that the failures were systemic and that without requisite measures, the events were likely to recur. The disaster however was not solely BP’s undoing but was as a result of multiple organizations’ failures. The pollution disaster was especially bad for the environment. These events led to the close evaluation of BP’s management which had sold itself as being driven by environmental safety only to be undone by this disaster and come off as a company more driven by the desire to cut costs (Chazan, Faucon & Casselman, 2010). An analysis of the events leading up to the disaster shows that BP had other major industrial...
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...Presenting ideas successfully to an audience can be challenging; however, if done right, it can greatly benefit both parties. Kirk Osborn spoke on the importance of presenting information through analogies and stories in an engaging manner. By using this method, instead of overwhelming the audience with an overload of information, the audience and presenter interactions become more valuable. Osborn demonstrates the significance in effectively connecting with the audience through not only his stories and analogies, but also his own delivery. The first example of a successful technology Osborn introduced was Transmeta. However, when it was initially pitched to the public, the company had a difficult time convincing people of Transmeta’s worth....
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...Eli Kronenanker U.S. Politics M W 7:30 PM Richard Fox I believe the biggest political problem facing the United States today, is lack of equal education. We are constantly told that all education is equal. However, this is obviously not true. On the basic level, there is a clear distinction between private and public schools. Primarily this is easy to see in the middle and high school level. Since public education is free, and private is not the economically privileged can afford to send their children to private school, with smaller classes, bigger salaries for teachers, and a more academically based curriculum. Private schools also focus on college level studies, with more homework and the like. Public schools tend to focus more on rules and keeping everyone in line. This is more prevalent in poorer areas. In public schools, there is a lack of equality, because, even though taxes pay for schools, the schools in wealthier neighborhoods get more funding, because more tax money is being paid. I believe this is the biggest problem in the U.S., because it allows us to continually divide our classes, and have generations stay in the same place. If someone goes to a public school, in a poorer area, they are not going to acquire the proper academic skills, to really be prepared for college. They will not receive grants, or have the proper skills to get the kind of financial aide needed. Typically their parents won’t have the money to send their child to college,...
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...Cross-Cultural Perspectives Isaiah Johnson ETH/316 Dr. Steward February 4th, 2016 HALLIBURTON HALLIBURTON ENERGY SERVICES Introduction In 1919, Halliburton one of America / World’s largest providers of products and services to the oil and gas industry changed the nation. Halliburton employs over 65,000 people, and represents 140 nationalities in over 80 countries. Establishing extraordinary foreign relationships and qualities in the global sector, Halliburton growth in foreign culture exceeded all expectations. Halliburton innovative focus and expansions place Haliburton in position to increase profit and demand worldwide. Founder Erie P. Halliburton barrowed a wagon, mules, pump and built a wooden mixing box to start his very own oil well cementing business in Duncan, Oklahoma. In 1930 Halliburton took off, opening other services related in the oil & gas industry taking the company to new heights with offshore cementing and rigs in the Gulf of Mexico. Steps toward becoming worldwide in 1926 resulted in the sales of oil equipment to English companies in Burman, Alberta, Canada, Eastern Hemisphere operations and later Venezuela in 1940. By 1946, the company – using its innovative technology – had expanded into Colombia, Ecuador, Peru and the Middle East and began performing services for the Arabian-American Oil Company, the forerunner of Saudi Aramco. In 1951, Halliburton made its first appearance in Europe as Halliburton...
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...Punctuality is a good quality. Punctuality is quite a kin to regularity. Regularity means working as per rules, regulations and programme of time. Punctuality means working as per the programme of time. Punctuality involves time factor. We are to see that we are working strictly according to the time fixed. This is punctuality. Advantages: If we be punctual, we can finish up our work at right time. Punctuality checks unnecessary wastage of time. Time is very valuable for us. We can save it only by punctuality. Time and tide wait for none. Seconds, minutes, hours and days pass by in right order. There is a maxim "We should hold the time by the forelock". If we be punctual, a single second of us will never go waste. The English men are very punctual. They put on wrist-watches to exercise punctuality. But we, the Indian put on wrist-watches only as ornaments for show. We cannot progress. If we do not be punctual. Punctuality helps us in our progress. It also saves money in other ways. There is a saying. "A stitch in time saves nine". So, if we take our food punctually, we will never be sick and so we will never have to spend money on medicines and doctors or to worry our near and dear ones in this connection. And this principle applies well in all other cases. Conclusion: Everybody should be punctual in his everyday life. Every students should make a habit of punctuality. The people who have become great in their lives are very punctual. Punctuality is the first condition...
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...BP Control Functions Incontestably control mechanisms have existed within most businesses and organizations for guiding job responsibilities of employees toward accomplishing the company goals. There are many control mechanisms in a company. A strong human resources department controls managers and prevents employee abuse. Employee performance reviews and incentives assist in the control of employees. Compliance departments control legal risk and monitor operations to ensure the company follows state and federal rules. Financial budgets and accounting audits control financial risk. Product pricing controls marketing efforts. All the different departments must work together to create a strong and profitable company. The team will identify various control mechanisms in connection with British Protroleum (BP), compare, and contrast, determine the effectiveness, examine positive and negative reactions concerning their use, and provide an explanation about how the four functions of management are affected by them. BP used several control functions in its deep sea exploration process; all implemented to prevent the type of disaster they experienced in April 2010. There were systematic failures at every turn, creating a perfect storm and a devastating deep sea oil spill. The spill itself has been recorded as the largest oil spill to date in American history by the National Oceanic and Atmospheric Administration (Zeller, 2010). According to the same article, the BP spill was...
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...System of Inquiry Paper PHL/323 October 4, 2010 Prof. Lorin Loverde System of Inquiry A system of inquiry is a tool that most companies use for decision-making and problem-solving. The system of inquiry helps organizations reach their goals and foresee how to properly deal with upcoming problems and decisions in an ethical manner. Halliburton, for example, is a company whose decisions impact the entire world. Halliburton is forced to make decisions that can impact not only the organization but also society as whole. Protection of health, safety and prevention of pollution to the environment are primary goals of this company. It strives to develop and provide products and services that have no undue environmental impact and are safe in their intended use, efficient in their consumption of energy and natural resources, typically using only materials that can be recycled, reused, or disposed of safely. All employees must conduct their duties and responsibilities in compliance with applicable laws and industry standards relating to health and safety in the workplace to help prevent pollution to the environment (Halliburton, 2010). Halliburton is a world recognized oil company. It is one of the largest providers of oil and gas in the industry with a workforce of around 50,000 employees in more than 70 countries. Halliburton’s code of ethics is “Company policy requires directors, employees and agents to observe high standards of business and personal...
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