Planning Function of Management Essay

proviso is a crucial ladder of universeagement that enables an organization to achieve its maximum potential. Halliburton is one of the largest corporations in the coupled States, with a workforce of everywhere 100,000 people in everywhere great hundred countries. Their home office is located in Houston, Texas and they are one of the publics largest providers of products and services to the inunct and gas industry. This paper will hold forth the expels impacting and influencing management preparedness within Halliburton.Management is doing things expert lead is doing the right things.Peter DruckerIt takes successful management at all levels and quality leadership to lead a business down the proerbial golden path. Planning is the primary management function, which formalizes an organizations goals and objectives and establishes a base for the other functions of management.Halliburton Comp each is an oilfield services confederation and a provider of engineering and loo k services that was founded in 1919. The company has expanded through tremendous innate growth and several acquisitions and in March, 2002, Halliburton split into two main divisions the cleverness inspection and repairs Group (ESG) and Kellog Brown and Root (KBR). ESG offers a wide go of products and services to upstream oil and gas customers worldwide, ranging from the manufacturing of drill bits and other downhole and tip tools and pressure pumping services (www.halliburton.com) APA citation error (incorrect-do not use nett addresses or URLs in citations). If the author is cited in textbook = Authors name (year) direct quote (p. ). If the author is not cited in text = direct quote (author, year, p. ). . KBR is the engineering subsidiary for Halliburton and is a global leader in construction and project management. Additionally, KBR is a tether government services contractor, which has been the focal point of many legal and full(a) issues.Halliburton has received a great deal of negative publicity over the past year or so regarding it Iraq and Kuwait operations. The Pentagon and Justice section return both launched criminal investigations due to erroneous contract price estimates totaling $2.7 billion to serve American troops in the middle east. Accusations have been made of overcharging for meals supplied to troops in Iraq, as well as employees evaluate kickbacks from a Kuwaiti subcontractor. Pentagon auditors found that KBR overcharged the U.S. government by $27.4 million during a period of nine months in 2003. Additionally, Halliburtons internal audit revealed employees accept these kickbacks in exchange for providing Army supply contracts to the subcontractor (Associated Press). Limited military outgo has created lucrative opportunities for privately held companies such(prenominal) as Halliburton to win these contracts and will brood to be at the forefront of media campaigns as long as the coupled States remains in Iraq, especially when it comes to Dick Cheney. You have addressed the issue thoroughly and takeed your assertions.Much speculation has been generated in regard to stream Vice President of the United States and former Halliburton CEO Dick Cheneys monetary ties to his former company. On the September 14, 2003 edition of NBCs converge the Press, Vice President Cheney s support, And since I left Halliburton to become George Bushs vice president, Ive several all my ties with the company, gotten rid of all my financial provoke. I have no financial interest in Halliburton of any kind and havent had, now, for over three years (St. Louis journalism Review). However, it came to light that Cheney received a salary of over $150,000 and maintained over 400,000 shares of unexercised stock options at the time. Cheney stated that he deferred his salary and stock options and then it did not constitute a violation of ethics. The Congressional Research Service found that these financial interests in Halliburton d emonstrated a financial interest with his former employer creating a conflict of interest. Despite the fact that Cheney broke the police of ethics, he is exempt from the enforcement of such laws and cannot be prosecuted for it (Halliburton Watch).KBR is the largest military contractor in Iraq, with more than 50,000 employees and subcontractor working there and in Kuwait and Afghanistan. These employees drive trucks, purify clothes, deliver mail, and provide additional support services for the U.S. troops. These workers are ploughshare of the Pentagons privatization strategy that enables the military to reduce the number of troops demand in a given location by assigning noncombat functions to civilians. Halliburtons complaisant responsibility is to keep these workers safe and away from fighting, but it has turn out a difficult task. Numerous complaint and lawsuits have surfaced because of Halliburtons visitation to provide safe working conditions and in the case of one man who was killed, the suit states he was intentionally sent the convoy as an opposite decoy in the U.S. military camouflage vehicles, to ensure the safe arrival and delivery of a second H-KBR fuel convoy (CNNMoney.com). Halliburtons social responsibility remains in question with workers being placed in harms way on a regular basis.Factors influencing Halliburtons strategic, tactical, operational, and contingency planning include political instability, rising steel prices, and environmental regulations. Halliburton operated in countries such as Iran, Iraq, Nigeria, Afghanistan, Indonesia, and Russia, which are before long experiencing unstable political and social climates. keep conflict in these areas could have an impact on the companys bottom line and their ability to generate substantial revenue. Steel is a major(ip) commodity that is used in the setting up of install and processing facilities for natural gas and petroleum refining. Record breaking spicy prices were reached in early 2005, but have since stabilized. However, the ongoing consolidation in the steel industry could lead to higher prices causing the profit margins to suffer. Lastly, Halliburton is win to environment and legal requirement in its worldwide operations, such as the Clean Air Act and Clean Air Interstate Rule, causing the states to reduce the allowable sulfur dioxide SO2 emissions by 70% and nitrogen oxides emissions by 60%.Environmental issues such as these could place a hinderance on is cash flow. Insightful analysisHalliburton has an exceptional global presence and they are currently playing a prominent role in rebuilding Iraq and by providing our troops with shelter, meals, and delivery of materials. Although Halliburton has come under intense scrutiny over the past several years due to its involvement with Vice-President Chaney and its legal and ethical issues, it has still managed to win military contracts due to its expertise in the oil service industry. This shows treme ndous resiliency and reassures its customers and stockholders that it will continue to be a strong force in the oilfield services industry. Your paper is well create verbally. It is choke and sententious.References-references must match citations by author/proprietor.References begin with author/owner name e.g. CNN.money and Halburton are the owners of the websites. See examples in APA manual.MarketLine Business Information Center. Retrieved January 27, 2007 fromhttp//dbic.datamonitor.com.ezproxy.apollolibrary.com/companies/company/?pid=B07921BD-F512-44F2-AE84-4DA7D8630C9DCompanyOverviewTop 25 Censored Stories. St. Louis Journalism Review Dec 2006/Jan 2007, Vol. 36Issue 292, P23-27, 5p. Retrieved January 26, 2007 fromhttp//web.ebscohost.com. finish Management System. Retrieved January 28, 2007 from www.halliburton.comHalliburton Announces Full Year and Fourth Quarter Results. Retrieved January 28,2007 from http//CNNMoney.comKelly, Matt. (2003, March). Halliburton Fires Workers fo r Allegedly pickings Kickbacksfor Iraq Contract. Retrieved Janury 27, 2007 from www.commondreams.orgTotal points available=14Your score=13.75Areas for improvement=teal belowContent and Development = 40%_____ fundamental elements covered, content comprehensive/accurate, clear points supported with detail, appropriate use of vocabulary, integrating of theory and practice, research adequate/timely, content and purpose clear. Very good work on this section.Organization = 30%_____ Lead is interesting and relevant, thesis is well-developed, directional statement previews major points, paragraph transitions maintain flow, body paragraphs support a specific major point, conclusion is logical/flows evenly, conclusion reviews major points. Good work-very well organized. Easy to read.Format = 10%_____ APA format, reader friendly, utilizes references appropriately, headings aid adaptability/not overdone, neatly presented, format requirements followed. Some small errors in APA data formatting of reference page and citations. (-.25)Mechanics = 10%_____ Punctuation rules followed, contractions avoided, spelling correct, vernacular is avoided, written in same person throughout, tense remains consistent.Readability and Style-10%_____ Complete, clear, concise statements, well constructed sentences, sentence transitions present, words/concepts precise,