Management Planning at Halliburton

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Management Planning at Halliburton
Planning is one of the most critical functions of management an organization can use to accomplish its mission. Halliburton was founded in 1919 and is one of the largest providers of products and services to the energy industry, with a workforce of almost 50,000 people in over 70 countries. Their home office is located in Houston, Texas and they have been leaders in the energy services and engineering and construction (E&C) industries for almost a century. This paper will evaluate the planning function of management, discuss the factors that influence management planning, and analyze several factors that affect different types of planning within Halliburton. The number one priority of Halliburton is to provide competitive, safe and superior quality products and services. They also understand that in order to sustain business in this world they must make a small impact on the environment in their search for new sources energy. This search is guided by the company’s vision: "To be welcomed as a good corporate neighbor in our communities; to do no harm to the environment; to provide demonstrable social and economic benefits through sustainable relationships, sustainable technology and sustainable sourcing; and to validate our progress through transparency and reporting" (Halliburton, 2008). This vision clearly states how the company stands in respect to the environment and the communities in which it does business. With this in mind, the company plans for the future by assessing the impact their actions will have on the environment, contributing back to the local communities, helping to create jobs, and developing new technologies. The strategic goal of Halliburton is to continue to expand through internal growth and acquisition in order to benefit the stockholders. This goal is governed by a board of directors who analyze the company’s current situation and develop goals and plans for long-term success. These plans are regularly...
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