Management Planning Essay

1062 words - 5 pages

Management Planning Paper (Halliburton)
Antwon Snyder
University of Phoenix Axia

Management Planning Paper
The planning function of management is very important for the sustainability of businesses. Planning is essential for businesses and their employees to function efficiently and maintain profit levels. In addition, management has to assess their current companies and determine what steps are to be made in the future. In the event of problems, managers should follow procedures to continue functioning. In this paper, Halliburton will be discussed, and their planning functions. In addition, legal issues, ethics, and corporate responsibility will be discussed pertaining to ...view middle of the document...

This approach has enabled Halliburton to become one of the most successful companies in the world. In addition, Halliburton has been concerned with their image, which was criticized in the past, and has taken steps to improve their reflection. As a result of suspected corrupt activities and criminal accusations made about the dealings of business Halliburton exhibited with Dick Cheney at the helm as CEO and while he was Vice President of the United States (Costanzo, 2009), this company has restructured the planning functions of their business and tightened up on legal, ethical, and social responsibilities by initiating standards that must be abided by every member of management and employee of Halliburton. Consequently, the plan to improve their image is still a work in progress, and Halliburton continues to strive for excellence.
Legal Issues
At some point, many companies have legal issues that have to be dealt with. Management has to have a plan in place to deal with inopportune situations that may arise. The Washington Post reported that Halliburton has dealt with many legal issues over the years. For example, the oil services company is being examined by several government departments for a range of issues. The Pentagon's inspector general is looking into whether it charged too much for fuel taken into Iraq and the Securities and Exchange Commission is looking into the Nigerian kickbacks issue (Pleming, 2004). Additionally, Halliburton has also been under scrutiny for overcharging customers in Iraq and Nigeria. As a result, Halliburton paid for television ads to help repair their image. In the ad, Halliburton chairman David Lesar says of the company's work in Iraq. "Will things go wrong? Sure they will. It's a war zone. But when they do, we'll fix it, we always have -- for 60 years for both political parties" (Pleming, 2004). Ultimately, Halliburton is a company that is concerned with their image, and will take the necessary steps to look good in the public’s eye.
Ethics
When Halliburton is scrutinized for taking advantage of people, ethics is brought to the forefront. Many people believe Halliburton received government contracts unfairly. Moreover, in specific situations, other companies are not able to bid on their contracts. As a result, the ethics at Halliburton come into question. Dick Cheney used his influence to help...

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