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Management : Theory, Practice, and Application

In: Business and Management

Submitted By divaam
Words 1226
Pages 5
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 and production. In 2009 the two divisions accounted for $14 billion in revenue. To strengthen our presence in the Eastern Hemisphere, Halliburton established a second headquarters in Dubai, United Arab Emirates. The oil and gas business is moving its focus from the increasingly difficult reserves of the Western Hemisphere to the bounty of the Eastern Hemisphere. As the customers Halliburton...

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