Free Essay

Management Planning

In: Computers and Technology

Submitted By twonthedon45
Words 1041
Pages 5
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 in a different light. Many people believe they are teamed with the government to make as much money as possible. Ultimately, Halliburton is a successful company that profits all around the world.
Planning Function of Halliburton Planning is a crucial component of the Halliburton Company. The Halliburton approach involves portraying their goals and strategies to every entity involved. One of the mission statements renders that employees, stockholders, and customers come first and everything will be done to satisfy their needs. This approach has enabled Halliburton to become one of the most successful companies in the world. In addition, Halliburton has been concerned with their image, which was criticized in the past, and has taken steps to improve their reflection. As a result of suspected corrupt activities and criminal accusations made about the dealings of business Halliburton exhibited with Dick Cheney at the helm as CEO and while he was Vice President of the United States (Costanzo, 2009), this company has restructured the planning functions of their business and tightened up on legal, ethical, and social responsibilities by initiating standards that must be abided by every member of management and employee of Halliburton. Consequently, the plan to improve their image is still a work in progress, and Halliburton continues to strive for excellence.
Legal Issues At some point, many companies have legal issues that have to be dealt with. Management has to have a plan in place to deal with inopportune situations that may arise. The Washington Post reported that Halliburton has dealt with many legal issues over the years. For example, the oil services company is being examined by several government departments for a range of issues. The Pentagon's inspector general is looking into whether it charged too much for fuel taken into Iraq and the Securities and Exchange Commission is looking into the Nigerian kickbacks issue (Pleming, 2004). Additionally, Halliburton has also been under scrutiny for overcharging customers in Iraq and Nigeria. As a result, Halliburton paid for television ads to help repair their image. In the ad, Halliburton chairman David Lesar says of the company's work in Iraq. "Will things go wrong? Sure they will. It's a war zone. But when they do, we'll fix it, we always have -- for 60 years for both political parties" (Pleming, 2004). Ultimately, Halliburton is a company that is concerned with their image, and will take the necessary steps to look good in the public’s eye.
Ethics
When Halliburton is scrutinized for taking advantage of people, ethics is brought to the forefront. Many people believe Halliburton received government contracts unfairly. Moreover, in specific situations, other companies are not able to bid on their contracts. As a result, the ethics at Halliburton come into question. Dick Cheney used his influence to help Halliburton attain many contracts worth billions of dollars. On the September 14, 2003 edition of NBC’s Meet the Press, Vice President Dick Cheney said, “And since I left Halliburton to become George Bush’s vice president, I’ve severed all my ties with the company, gotten rid of all my financial interest. I have no financial interest in Halliburton of any kind and haven’t had, now for over three years” (Business ethics, 2010). Dick Cheney still has ties to Halliburton and his statement was not the truth. Thus, Halliburton has continued to fight ethical issues to satisfy employees, stockholders, and the public.
Corporate Social Responsibility Corporate social responsibility is an element that many companies are trying to follow. Some businesses have success, while others struggle to be responsible. In addition, many people believe it is unwise to think a company will govern themselves objectively. Moreover, laws and ethical standards are a part of corporate responsibility. In the case of Halliburton, the company has struggled with corporate social responsibility. In 2003, Halliburton agreed to reassess their operations in Iraq, due to public scrutiny. There were reports that Halliburton was overcharging the Marine core on food, water, and other necessary supplies. As a result, the company agreed to set up a review committee to study all their operations in Iraq. Halliburton has had to go through this process several times; due to all their lawsuits and ethical issues, there CSR has suffered and they are striving for improvement.

* Prepare a 1,050- to 1,400-word paper in which you address the following for your selected organization: * Evaluate the planning function of management. * Analyze the influence that legal issues, ethics, and corporate social responsibility have had on management planning at your chosen company. Provide at least one example for each. * Analyze at least three factors that influence the company’s strategic, tactical, operational, and contingency planning.

http://www.answers.com/topic/halliburton http://www.socialistappeal.org/usa/halliburton_scandal.html http://www.louisvillemojo.com/blogs/Louisville_blogs/81370/Halliburton__My_View_part_1 http://www.washingtonpost.com/wp-dyn/articles/A16042-2004Feb5.html http://www.ethicsinbusiness.net/case-studies/halliburton-kbr/

Similar Documents

Premium Essay

Management Planning

...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,......

Words: 1147 - Pages: 5

Premium Essay

Management Planning

...Management Planning MGT/330 October 17, 2011 Planning Function of Management Boeing Corporation is a massive and complicated company, which requires management planning. Boeing is a leading maker of high-end aircraft for commercial, military, satellites, and missiles. These aircraft are necessary to carry cargo and passengers. Boeing is a global company that serves customers all over the world. There are strict regulations for companies such as Boeing due to the safety and performance concerns with air travel. Because of strict regulations Boeing has to conduct extensive planning so they can operate efficiently. For Boeing business planning is a very complicated process that is influenced by many internal and external factors. Boeing has remained successful over the years because of their strong ethics and planning abilities. Boeings planning function of management is the process of setting goals and objectives for the company to achieve over a set period of time. It is vital to the success of Boeing’s plans to include activities and tasks that upon completion will ensure they reach their goals. It is also necessary to take into account variables and unexpected occurrences that may hinder goals. For Boeing it is vital for each major department to use this method of planning. Boeing is still successfully efficient because they set goals in each major departments such as: sales, engineering, product testing, and all other departments. For every goal Boeing has a set......

Words: 1142 - Pages: 5

Premium Essay

Management Planning

...Running head: MANAGEMENT PLANNING PAPER Management Planning Paper Fallon Smith Management Planning Paper Tyco International is composed of five business segments: ADT Worldwide, Fire Protection Services, Safety Products, Flow Control, and Electrical and Metal Products. Tyco is a diversified global company that provides a range of products and services to residential and commercial customers. Those products range from electronic security and alarm monitoring to fire-fighting equipment and breathing apparatus, and from water purification and flow control solutions to galvanized steel tubes and armored wire and cable (Tyco International, 2009). Tyco was founded in 1960 as a research laboratory that provided experimental research for the government. Since Tyco has grown into five segments. Tyco has a goal oriented management plan which affects legal and ethical issues, corporate social responsibility and influences the company’s strategic, tactical, operational, and contingency plan. Planning is analyzing a situation, determining the goals that will be pursued, and deciding in advance the actions needed to pursue these goals (Bateman & Snell, 132). Tyco has been around for many years and has many companies vested in them. They have executed their planning very well to this point. Tyco’s main goal is to make sure their customers are happy. Their mission statement states they thrive to be the leader in every market that they serve. They set their goals......

Words: 1026 - Pages: 5

Premium Essay

Management Planning Paper

...Management Planning Paper Whitney Allen Axia College Management planning is an essential task for a company as massive and complicated as Boeing Corporation. The company operates on a global level and it’s provides products to customers around the world. They produce high end aircraft for both commercial and military organizations. The products manufactured are primarily needed to carry passengers, carry cargo, and perform military operations. Aircraft used for these purposes are strictly regulated due to safety and performance concerns. In the United States, Boeing aircraft are regulated by the Federal Aviation Administration, or FAA. With all these factors in mind, Boeing is required to conduct extensive planning in order to operate an efficient business. Management planning plays a large role in the success of the company and is used at all levels of the corporation’s structure.  The planning function of management is the process of setting goal and objectives for an organization to achieve over a set period of time. A plan will include activities and tasks that need to be completed in order to reach the ultimate goal. Good plans will also take into account variables and unexpected occurrences. By planning for the unexpected an organization can avoid the chaos that is associated with unforeseen challenges or problems. In the case of Boeing, planning is vital within all of its major departments. The company remains efficient by setting goals within its engineering......

Words: 1094 - Pages: 5

Premium Essay

Management Planning Paper

...Management Planning Paper Introduction This paper will discuss management planning at Boeing. The planning function is critical for a company as enormous as Boeing. Boeing is one of the world’s largest aerospace companies producing jetliners, defense, and space and security systems. The company is a premier exporter that offers its products to airlines, U.S. and allied governments in over 90 countries across the globe. Their product and customized services “include commercial and military aircraft, satellites, weapons, electronic and defense systems, launch systems, advanced information and communication systems, and performance-based logistics and training.” (Boeing Brief, Boeing.com). Planning Functions of Management Management planning involves the conscious and systematic process of making decisions about goals and activities individuals and work units will follow to provide value to the shareholders. The planning process involves a six-step process. The first step is to conduct a situational analysis that examines past events, current conditions, and attempts to forecast future needs. The second step is to establish alternative goals and plans. The process should generate alternative goals and alternative plans that can be followed in the future to achieve those goals. Goals are the target for each manager to strive for, need to be specific, measurable, attainable, relevant, and time-bound. Plans are the actions the manager will take to achieve goals. ......

Words: 1249 - Pages: 5

Premium Essay

Management Planning and Ethics

...Management Planning and Ethics Eloy J. Barraza University of Phoenix September 20, 2011 Rob Inglis Management Planning and Ethics Forever 21 are a clothing organization that is known worldwide. It started as a small clothing store in Los Angeles, California. The company grew into a corporate giant through careful planning and managing by its’ owners. This careful planning has impacted many things in the company such as, legal and ethical issues, corporate social responsibility and even the way the organization plans their new strategies and hires new managers for their stores. Forever 21 is known as a store that has the latest fashion at affordable prices, the owners of Forever 21 original plan was to find out what was in fashion and create similar models of the latest fashion trends but at more affordable prices, their plan was a simple one, give the people what they want but give it to them cheap. They never expected to grow the way they did, and yet their plan proved more successful than they initially thought. At one point however, growth can plateau or ideas can run out, so Forever 21 started hiring fashion designers that were barely starting their careers in order to have fresh ideas for the newest fashion and create still fashionable but affordable clothes, their original planning function was not enough, so they altered it accordingly to be able to encompass the new direction the company had to take to remain competitive, their careful planning gave the......

Words: 1113 - Pages: 5

Premium Essay

Management Planning

...Management Planning Shana Stefanski 9/27/10 Course: MGT/330 Peter Grove University of Phoenix Management Planning Wal-Mart is the world’s largest retailer with $345 billion in sales in 2007 (Stumblerz, 2009). Being the world’s largest retailer store it is very necessary for Wal-Mart to have good management, plans, and goals. Without good management then Wal-Mart would not run as well as it does. There are some legal issues Wal-Mart runs into over the years, but they are very well taken care of. Management at Wal-Mart are people who have earned their place as management and are aware of their responsibilities and the other employees responsibilities as well. With the appropriate goals set Wal-Mart is going to make it a long way in this economy. Wal-Mart’s management has the authority to assign duties and responsibilities to other employee’s. The other employee’s that are being assigned responsibilities are usually subordinates within the managements group. While the other employees are responsible for completing the duties it is still managements responsibility to make sure the duties were completed and completed correctly. Delegation occurs within Wal-Mart from the regional management to store manager to assistant manager all the way down to the staff members (free online research papers, n.d.). The Walton family controls 40% of Wal-Mart and they delegate assignment of authority and responsibility to their lower level management to oversee the employees to carry......

Words: 1242 - Pages: 5

Premium Essay

Management Planning

...Management Planning There is no larger aerospace company in the world than Boeing. With over 160,000 employees spread across the world in 70 countries, Boeing needs to have an accurate set of functions and a very thoroughly thought out management plan. Boeing makes advanced communication and information systems, military, as well as commercial air craft, provides NASA with launch vehicles and satellites. Boeing also worked with Lockheed Martin on building and maintaining the Space Shuttle since 1981. This partnership between Lockheed Martin and Boeing is called The United States Alliance. Boeings leaders created tactical, operational, and strategic plans that help them define and accomplish the goals they set. The factors that influence the operational, strategic, tactical, and contingency planning are issues that come from their ethical, social, and legal responsibilities. It is in this planning that a complex design that has to obey regulations, social influences, and laws while seeking a profitable operation. Management Planning With the ensuing difficulty of the 9/11 attacks in 2001, many people were questioning airline safety, safety in general in the skies, and aircraft sales. Boeing’s management had to reevaluate their business plan and rethink goals to face a new market place that had changed forever. Despite few vendors making aircraft, and with an ever-changing economic environment, Boeing had to change to keep up and to be successful. Management structure......

Words: 1148 - Pages: 5

Premium Essay

Management Planning

...Management Planning at Boeing Brian Newton MGT/330 December 1st, 2014 Steven Friloux Management Planning at Boeing To be successful in today’s competitive business world, organization and strong leadership is key. At The Boeing Company, this is no different. As one of the largest corporations in the world, they strive to set goals and plan a future around reaching those goals in a way that they can be the most prosperous. In the complex business economy of today, there are always influences that affect the way leadership paves the way. Issues regarding legality, ethics, and responsibility that follow being a major corporation are just a few. These play a major role in strategic, tactical, operational, as well as contingency planning. The Boeing Company and its leadership continually reach toward improving the organization, and the daily planning is inspired by numerous factors that shape who they are. Planning Functions Having an organized plan can be important to success and growth of a company, and Boeing follows the basic template of the planning process. It begins with the initial goal to be set, followed by an evaluation of the situation to determine what resources will be needed. This analysis is drawn from different areas such as past and current work conditions and how they can improve. A derivative plan is also brought to the table before finalizing the final decision. And lastly......

Words: 1089 - Pages: 5

Premium Essay

Management Planning

...Management Planning Student’s name Institution Management Planning Introduction Planning is the means of choosing the best option among others to carry out different managerial roles in order to attain predetermined objectives. It is a necessary management function, which includes formulation of one or more thorough plans to attain optimal balance of wants or demands with the available wealth. Planning is a thorough agenda concerning upcoming course of action. In the essay, I will discuss the management planning of Boeing organization. Planning as a purpose of management involves six steps. The first step is the establishment of realistic, acceptable and attainable objectives that should be well-affirmed in terms of quantity. The second is the establishment of planning grounds to find out the business barricade during the course of doing business. These are either internal that are controllable or the uncontrollable external. The third step is choosing the alternative path of action by evaluating the pros and cons in light of availability of resources and organizational requirements hence choosing the best alternative. The fourth step is the forming a derivative plan, which indicates time, schedule and sequence of attaining various tasks and helps in attaining the main plan. The fifth step is securing co-operation by involving the subordinate in decision making, implementation and execution of the plans. This motivates......

Words: 1240 - Pages: 5

Premium Essay

Management Planning

...Functions of Management; Planning, Organizing, Leading, and Controlling Matthew Spellacy John H. Quesnel MSM, PMP Management: Theory, Practice and Application MGT/330 October 14, 2008 Planning is the foundation of management and it is the primary base of how the following areas should be implemented. Planning requires the leaders to determine a few things; where the company is at right now and how they are going to improve it in the future. Based on the current position of a company, it may have to change or alter its current state or process of operating to achieve the positive results all businesses strive for. For this kind of preparation, the process can be determined as strategic planning. In strategic planning, management analyzes inside and outside factors that may affect the company (Barrett 2003). The company should study the strengths, weaknesses, opportunities and threats. In order for management to do this correctly, it has to be very practical and motivated. The second primary function of management is to get prepared and get organized. Management must organize all of its resources before to put into practice the course of action to decide that has been planned in the base function. Through this process, management will now determine the inside directorial configuration; establish and maintain relationships, and also assign required resources. While determining the inside directorial configuration, management ought to......

Words: 753 - Pages: 4

Premium Essay

Management Planning

...Management Planning Lynette Gibson MGT/330 December 5, 2011 University of Phoenix Alvin Swanson Management planning consists of a systematic activity within an organization that determines who will and how to perform a specific job. Management planning is a detailed course of future actions the organization will engage into obtain successful organizational goals. The management planning process takes the perspective available individuals, and physical resources within the organization into consideration for the organization to achieve effective contribution, coordination, and perfect adjustments for organizational success. This paper will evaluate the planning functions of Boeing. Boeing is the largest manufacture of military planes and commercial jetliners and “One of the world’s” leading aerospace companies. Boeing specializes in manufacturing and designing of defense systems, communication systems, launch vehicles, and various other systems. Boeing operates the International Space Station and the Space Shuttle National Aeronautic Space Administration (NASA), Boeing functions of management is the important factor to the success of the company. Boeing Management Planning Functions Boeing has many departments therefore lack of planning would place the company in a vulnerable position for failure to motivate employees and meet deadlines. Boeing has developed a very unusual organizational structure, which assumes two business solutions tied together with nine......

Words: 1083 - Pages: 5

Premium Essay

Management Planning

...Management Planning MGT/330 Management Planning Proper planning permits organizations to develop into the type of business that will meet the needs of the customer, the company, and the environment. As opposed to just focusing on profits, companies need to focus on the need for expertise and experience needed to take on important issues such as legal issues, business ethics, and corporate social responsibility. Management structure helps them accomplish this goal. It is wise to consult professionals experienced in these fields to counsel upper management on these issues. A proper business plan is needed in order for a company or organization to evolve. In this paper I will cover corporate social responsibility on planning, the influences of legal issues, business ethics, the influences of legal issues, the planning function of management, and analyzes at least three factors that influence the company's operational, strategic, tactical, and contingency planning. The Planning Function of Management Boeing is a multinational company that started in 1916 as the Pacific Aero Products Company. The management plan that William Boeing started has continuously evolved with the times as the function of Boeing Company has changed. In the beginning William Boeing had to secure a loan using his personal finances in order to pays his employee’s wages. In their early days the Boeing Company produced furniture, dressers, and counters for other businesses. By flying mail...

Words: 1315 - Pages: 6

Premium Essay

Management Planning

...well as exchange. The corporation has as well diversified its core operations to integrate renewable energy actions that bio fuels in addition to wind power. Operating over 80 nation states it’s biggest union remains BP US in where it remains the 2nd biggest manufacturer oil as well as gas in the US. The company be situated both registered with London’s Stock Trade primarily with minor list with New York Stock Exchange. In British Petroleum planning is critical and it helps the company to forecast the future as well as chalk out actions to be taken. Planning can be viewed as a preparatory step that determines when, how as well as who is going to perform a specific job Internal and external factors in management of British Petroleum Company The British Company has several internal factors that can be corrected within these categories that can drive the company to its success; on the other hand they also come with external factors that are further than the company’s control. During planning the BP oil companies as well as the management has to plan adequately to cater for the unexpected oil spills that frequently hit the company having a negative impact on the company’s profit (Harry 2013). Thus is because every now and then the company may experience unexpected oil spills that will require the company to change its original plan. For that reason...

Words: 988 - Pages: 4

Premium Essay

Management Planning

...Management Planning at Boeing In this paper the planning function of management for the Boeing Company will be evaluated. In addition, this paper will discuss the influence that legal issues, ethics, and corporate social responsibility have had on management planning at Boeing. The few of many factors that influence the company's strategic, tactical, operational and contingency planning are profitability, innovation, and competition. W. James (Jim) McNerney, Jr., is chairperson of the board, president and chief executive officer of The Boeing Company. McNerney oversees the strategic direction of the Chicago-based, $68.3 billion aerospace company. With more than 157,000 employees across the United States and in 70 countries, Boeing is the world's largest aerospace company and a top U.S. exporter (Boeing, 2010). The Boeing Company's business is run by its employees, managers and corporate officers led by the chief executive officer, with oversight from the board of directors. The Board of Directors of The Boeing Company (“Boeing” or the “Company”) has adopted the following corporate governance principles to assist the Board in the exercise of its responsibilities and, along with Boeing’s Certificate of Incorporation and By-Laws and charters of the committees of the Board, provide an effective framework for Boeing’s governance. The Board believes these Principles should be an evolving set of corporate governance guidelines, subject to review and modification by......

Words: 1199 - Pages: 5