Management Planning

Management Planning within Halliburton

This paper will elaborate on Halliburton’s planning functions of management, legal issues, ethics, and corporate social responsibility. The paper will also entail on the factors that influence Halliburton’s strategic, tactical, operational, and contingency planning. Halliburton acknowledges that management planning is crucial as it will allow their organization to achieve its maximum potential.

Halliburton Company is an oilfield service company and provider of engineering and construction, founded in 1919 by Erle P. Halliburton. Halliburton’s corporate office located in Houston, Texas, and considered as one of the largest providers of services in the oil and gas industry. Halliburton divided their company in two divisions. One division is Drilling and Evaluating and the other division are Completion and Production. Halliburton has established their company in more than 80 countries and has more than 60,000 employees worldwide and offered to business segment. According to Halliburton, “The Energy Services Group provides technical products and services for oil and gas exploration and production, and the KBR subsidiary is a major construction company of refineries, oil fields, pipelines, and chemical plants” (Halliburton, 2009). Halliburton provided the oil companies with many services. These services include locating hydrocarbons, managing geological data, drilling, and formation evaluations, to well construction and completion (Halliburton, 2009).

The Board of Director at Halliburton adopted guidelines to help in the practice of its responsibilities. The Nominating and Corporate Governance Committee reviewed these guidelines annually and alter these guidelines as needed to reflect the performance of the staff. To meet with the company’s ultimate goals, the board of director must provide effective governance to meet with the needs of the stockholders. One of Halliburton’s goals is to continue expansion of...