MANAGEMENT PLANNING OF HALLIBURTON

Management Planning of Halliburton

Management Planning of Halliburton

Introduction

Halliburton was started in 1919, as of today they remain one of the largest providers to the energy industry around the world. Halliburton is currently operating in over 70 different countries with approximately 50,000 employees (Halliburton, 2007). At one time during the year 2003 Halliburton employed over 100,000 people in 120 countries around the globe (Halliburton Report, 2003).

The primary day-to-day business of the company is to deal with the oil and gas industry. The company is split into two parts with Drilling and Evaluation being one and Completion and Production being the second. The combine revenue for the two divisions in 2007 was estimated to be at least if not more than $15 billion dollars. (Halliburton, 2007) When it comes to the management function of planning, planning is a crucial function of management that enables an organization to achieve its maximum potential. Planning is the primary function which formalizes the company's goals and objectives. Planning also establishes a base for the other functions of the organization.

Throughout this paper I will discuss how the legal and ethical issues as well as the corporate social responsibilities of Halliburton have impacted the planning function of management. I will also briefly touch on three factors that have influenced the company's strategic, tactical, operational, and contingency planning. Following up with an overview of what the vision for the future holds at Halliburton.

Factors that Influence Planning

Three of the main factors that are influencing Halliburton's strategic, tactical, operational and contingency planning are political instability, raising steel costs, and environmental regulations. These factors do influence the planning aspect of Halliburton because planning is all about how today's decision will impact the future. If the company doesn't take into consideration al the factors involved then the company will likely not ...