...Management Planning -Halliburton Halliburton was founded in1919 and is one of the world’s largest providers of products and services to the energy industry (Halliburton, 2011). Halliburton has operations in 80 countries and employs over 60,000 people. Its operations consist of two subdivisions, Completion and Production and Drilling and Evaluation that distribute cementing, stimulation, intervention and completion services. The Drilling and Evaluation subdivision provides field and reservoir modeling, drilling, evaluation, and well construction solutions that allow customers to model, measure, and optimize their well placement permanence (Halliburton, 2011). This includes drilling services, wireline, fluid services, drill bits, software asset solutions, and project management services. Halliburton offers an assortment of products and services, therefore, making production and development of oil and gas profitable. Planning function of management Management is the process of working with people and resources to accomplish organizational goals (Bateman & Snell, 2009). Halliburton is managed by a Board of Directors who are responsible for the planning functions at all levels within the business. The Board of Directors believes that the primary responsibility of the Directors is to provide effective governance over Halliburton’s affairs for the benefit of its stockholders (Halliburton, 2011). Halliburton’s action plans are focused on clients, customers, stockholders...
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...Anitra Martin Axia Management: theory, practice, and application Ronald Sprague MGT/330 September 19, 2011 There are four functions of management, planning, leading, organizing, and controlling are instrumental to meet organizational goals. Planning is typically performed by managers, however, employees should be provided an opportunity to voice opinions and offer suggestions. Most of the employees, when given the opportunity, have the ability to provide insight and a unique approach to problem solving. In an organization such a Halliburton the managerial staff must be separate from the rest of employees as a manager’s responsibilities are different. Managers within Halliburton use the four functions of management to direct employees and reach organizational goals. Every organization is influenced by legal issues, ethics, and corporate social responsibilities. Halliburton has dealt with all three of these examples. Halliburton sets organizational goals at each level of operation. To reach these goals Halliburton employs four contrasting planning methods including; strategic, tactical, operational, and contingency planning. Halliburton is a diverse company that operates across many regions throughout the world. With such vast operations Halliburton must have a successful planning process. As Halliburton continued to expand the organization deemed it necessary to form two main divisions. The two divisions consist of drilling and evaluation and completion...
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...Halliburton Janet Mitchell MGT/330 March 8, 2010 Halliburton In 1919, Halliburton was founded by Earle P. Halliburton and is known as one of the world’s largest providers of services and products in the oil and gas industry. Halliburton has many services from locating hydrocarbons, managing geological data, drilling and formation evaluations, to well construction and completion. There are two divisions that make up Halliburton. They are: Drilling and Evaluating and Completion and Production. These two divisions accounted for 18 billion dollars in revenue in 2008. Halliburton employees more than 50,000 people in approximately 70 countries and offer two major business segments. The Energy Services Group provides the technical products and services for fuel exploration and production, and (KBR) Kellogg Brown & Root, Inc. KBR is a construction company that has refineries, pipelines and chemical plants. This paper will cover the various methods of Halliburton’s planning functions of management, legal issues, ethics, and corporate social responsibility. The paper will also explain three factors that influence Halliburton’s strategic, tactical, operational, and contingency planning. Planning Functions of Management As planning is an important function of management, it allows an organization to achieve its maximum potential. The planning function is a methodical approach for taking the goal and turning them into plans and strategies. An example of a planning...
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...Management Planning Paper Bidkar Y. Rodríguez RosarioMGT/230 Management Theory and PracticeSeptember 25, 2014: 5:59 PMProf. Gabriel Medina Medina | Halliburton is one of the largest providers of products and services in the oil and gas industries. They are also one of the largest corporations in the United States. Halliburton was founded in 1919 by Erle P Halliburton and is one of the major providers of products and services to the energy trade, with a workforce of almost 80,000 people in 80 countries. Their home office is located in Houston, Texas and they have been influential in the energy services and engineering and building industries for roughly a century. The companies today, nationwide and in the global market have right of entry to technological advances. Halliburton that has attained global success in product supply and is determined continually to rally global demands. In this paper will assess the planning function of management, we will discuss the factors that influence management planning, and analyze several factors that affect different types of planning within Halliburton. Halliburton plans for the future by evaluating the impact their actions will have on the environment, contributing back to the communities, helping to create jobs, and developing new technologies. The strategic goal of Halliburton is to continue to increase through internal growth and attainment in order to benefit the stockholders. This objective is governed by a board of...
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...Halliburton Duncan, Oklahoma, in1919 a man by the name of Erle P. Halliburton had borrowed a wagon, some mules, and a pump. Building a mixing box out of wood Erle started an oil well cementing business. Halliburton became one of the biggest suppliers of products and services to the energy industry. The company employs more than 70,000 people and is in at least 80 countries. Halliburton attends the upstream oil and gas industry throughout a lifecycle of the reservoir. Halliburton has two divisions. The first is the Drilling and Evaluation, and the second is the Completion of Production; As of December 31, 2011 between these two divisions accounted for roughly 25.0 billion dollars in Revenue: 58% was in North America and the other 42% was International. In looking at the planning function of management, acquiring experience as a global organization Halliburton adjusts their many departments to the economic area that they are in. Halliburton has an office for each location that they are in. Houston, Texas, was the home of Halliburton’s main office, until they relocated their headquarters to Dubai, a Middle Eastern country. Halliburton every year holds annual planning proceedings for correcting Service Quality and HSE. PII (Performance Improvement Initiative) became about n 1997 and aids to safeguard administrative position, “The PII includes a review of past performance, and assessment of currently available tools, and the development of objectives and strategies for continuous...
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...Halliburton Halliburton is one of the largest oilfield service companies in the world. Halliburton was found in 1919 and is one of world’s largest providers of products and services to the 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...
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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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...Management Planning - Halliburton Halliburton was founded in 1919 by Erle P. Halliburton and is currently “one of the world’s largest provider of products and services to the oil and gas industry” (Halliburton, 2010). Halliburton’s began with one man, borrowed supplies and a homemade mixing box is now an employer of over 50,000 people and has a presence in approximately 70 countries (Halliburton, 2010). Halliburton established its first research and testing laboratories and then set their sights on the international market. In 1926 Halliburton sold 5 cement mixing units in Burma and started their global arm of business. “Today, Halliburton offers the world’s broadest array of products, service and integrated solutions for oil and gas exploration, development and production” (Halliburton, 2010). In 2006 and 2007 Halliburton realigned its operations and divided them into two, Completion and Production, and Drilling and Evaluation, accounting for over 14 billion dollars in revenue for the company (Halliburton, 2010). The Drilling and Evaluation department is in charge of the drilling, evaluating, field and reservoir modeling and well-bore placement solutions for its customers. While the Completion and Production department managers the cementing, pressure control, pipeline and process services and completion services (Halliburton, 2010). Planning is an important function of management that helped Halliburton identify and achieve many ground breaking goals. Once Halliburton...
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...Management Planning Paper The intent of this paper is to discuss the planning function of management within the Halliburton Corporation. This paper will provide insight on the influences of legal issues, ethics, and corporate social responsibility as well as identifying three factors that influence the company’s strategic, tactical, operation, and contingency planning. Throughout the years Halliburton has experienced both political and legal issues. In order to effectively understand the planning function of Halliburton we must first start off with the history of Halliburton. Halliburton was founded in 1919, by founder Erie P. Halliburton. Halliburton started his company by maintaining focus on innovation and expansion that began after Erie P. Halliburton borrowed a wagon, a team of mules and a pump, he built a wooden mixing box and started an oil well cementing business in Duncan, Oklahoma (Halliburton, 2011). Throughout the years Halliburton has grown to be one of the world’s largest providers of products and services to the oil and gas industry. They currently employ nearly 60,000 people in approximately 80 different countries (Halliburton, 2011). In order for Halliburton to have a successful global operation we know that planning had to be an integral part of their success. Halliburton had a vision and a strategy which lead to their success as a company globally. They first had to identify the needs of the customer and incorporate changes that would benefit all...
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...Management Planning Paper (Halliburton) Antwon Snyder University of Phoenix Axia Management Planning Paper The planning function of management is very important for the sustainability of businesses. Planning is essential for businesses and their employees to function efficiently and maintain profit levels. In addition, management has to assess their current companies and determine what steps are to be made in the future. In the event of problems, managers should follow procedures to continue functioning. In this paper, Halliburton will be discussed, and their planning functions. In addition, legal issues, ethics, and corporate responsibility will be discussed pertaining to management planning. Additionally, three factors that influence Halliburton’s strategic, tactical, operational, and contingency planning will be discussed. Ultimately, efficient planning is the key to success for businesses and organizations. Halliburton is one of the world's largest providers of products and services to the oil and gas industries. Halliburton is also the world’s second oil and gas operation, and it functions in more than 75 countries. In addition, Halliburton has many branches and affiliates that deal with companies all around the world. The company is based in Houston, Texas, and also has agencies in Dubai and the United Arab Emirates. In recent years, Halliburton has been in a few scandals that has hurt their reputation. As a result, the public has view Halliburton...
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...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...
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...In 1919, Halliburton was founded by Earle P. Halliburton and is known as one of the world’s largest providers of services and products in the oil and gas industry. Halliburton has many services from locating hydrocarbons, managing geological data, drilling and formation evaluations, to well construction and completion. There are two divisions that make up Halliburton. They are: Drilling and Evaluating and Completion and Production. These two divisions accounted for 18 billion dollars in revenue in 2008. Halliburton employees more than 50,000 people in approximately 70 countries and offer two major business segments. The Energy Services Group provides the technical products and services for fuel exploration and production, and (KBR) Kellogg Brown & Root, Inc. KBR is a construction company that has refineries, pipelines and chemical plants. This paper will cover the various methods of Halliburton’s planning functions of management, legal issues, ethics, and corporate social responsibility. The paper will also explain three factors that influence Halliburton’s strategic, tactical, operational, and contingency planning. Planning Functions of Management As planning is an important function of management, it allows an organization to achieve its maximum potential. The planning function is a methodical approach for taking the goal and turning them into plans and strategies. An example of a planning function that Halliburton utilize is Knowledge Management, which is processes...
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...Management Planning MGT/330 January 25, 2012 Management Planning Over the last few decades, managers of businesses large and small have been applying formal planning techniques to set forth long and short - term goals for their companies. Managers also prepare the company to respond to known and unknown circumstances that may occur in the future. Planning is a deliberate and methodical decision process pointed at setting goals for the purpose of advancing business. This function is controlled by managers at all levels who draw on the intelligence and expertise of the employees and delegate assignments accordingly. To be done well, the six steps of the basic planning process must be implemented in the planning function of management. This basic planning process is a critical function that involves an analysis or overview of the situation at hand. A review of any alternative goals and plans that can be used along with the evaluation of goals and plans, selection of which goals and plans will be used, implementation of the plans and goals, and establishing control systems to monitor the progression of the goals and plans (Bateman & Snell, 2009). The executive management team made up of the Chief Executive Officer, the Chief Financial Officer, the Chief Operating Officer, and sometimes, a Chief Intelligence Officer is referred to as the strategic managers that are responsible for strategic planning of the organization’s long-term goals and strategies...
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...Halliburton Tiffany Ashley Management 350 October, 19 2010 Laurie Ryan Halliburton For years, Halliburton, better known as Big Red, has been a leader in the oil services industry, it provides engineering and production services for oil extraction and development. Established in 1921 as the first oil rigging and cement pouring company, the company was responsible for constructing monumental infrastructure products, developing cutting edge technologies, equipment, oil production and managing supplies for military operations. After parting from Kellogg, Brown & Root (KBR), it was no longer in the industry of providing military logistics. Halliburton contributes and functions in over 50,000 employees and operating in approximately 70 countries. The purpose of the planning function of management is to evaluate Halliburton by analyzing the impact the corporate social responsibility, legal issue, ethics and have had on the management planning of the corporation. Each function will be provided for each. This will analyze three main factors that influence contingency planning, strategic, tactical, and operational Halliburton’s management approach has allowed the company to remain in the for front of its production. This was well-known through Halliburton’s decisions in acquiring fresh subsidiaries. Halliburton planned for the increase in globalization by tapping into the world market that would be helpful for the corporation. As a business corporation, planning must...
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...Management Planning Paper Mgt/330 Lee E. Russell University of Phoenix October 1, 2012 Professor Robert Wenger Management Planning Paper This management planning paper will be done about the Halliburton Company. Energy is one of Halliburton’s chief assets, which happens to be one of the largest in the world. This lucrative corporation was founded in 1919; it now does business in about 70 countries, and utilizes more than 50,000 workers. Its chief industry that it serves is the upstream oil and gas. Whether it is finding hydrocarbons, organizing geological data, to the formation evaluation and drilling, to well construction and completion, all while optimizing the production during the life cycle of the reservoir, all of this is done by Halliburton. Two divisions make up Halliburton, and they are Drilling and Evaluation, and Completion and Production. What Drilling and Evaluation consist of is, drilling, evaluation, field and reservoir modeling, well bore placements, which allows customers to measure, model, and optimize the activities of their well construction. What Completion and Production does is it distributes cementing, intervention, simulation, and completion of services. These two divisions account for over 15 billion dollars in highly regarded revenue (2007). When we take planning into account, it is noted that it is a prime function of management, which helps Halliburton set and eventually achieve its goals. By getting to be an enormous corporation, Halliburton...
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