Management Planning Paper

1456 words - 6 pages

Halliburton PAGE \* Arabic 2
MANAGEMENT PLANNING FOR HALLIBURTONManagement Planning for HalliburtonNameSchoolManagement Planning for HalliburtonFounded in 1919, Halliburton remains today among the largest providers to the petroleum industry worldwide, employing over 50,000 employees in 70 countries (Halliburton, 2007). Halliburton's primary focus is within the oil and gas industry. The Drilling and Evaluation Division of the company directs its resources into the areas of finding petroleum. Completion and Production, the other main division, focuses on making use of the petroleum once it's found. Estimated revenue for the two divisions in 2008 was $18 billion dollars. The company is large ...view middle of the document...

Halliburton has been accused of overcharging the government for about $27 million dollars in meals it claims to have served in Iraq. The company charged the US Government for serving 42,000 meals per day when it was shown that only 14,000 meals per day were being served to military personnel. In the end, Halliburton had to repay the $27 Million it had billed and received payment for from the government (CBS, 2004). The U.S. Justice Department, meanwhile, was investigating claims regarding $180 million in bribes which were paid in order to secure the rights to a natural gas plant in Nigeria. Dick Cheney was the CEO of the company at that time (Washington Post, 2004). History shows that Dick Cheney became Vice President of the United States in 2000. With the ties that Dick Cheney had to Halliburton, many viewed this to be at least a conflict of interest and possibly a violation of the code of ethics for government (BNet, 2004).Ethical IssuesBy taking the office of Vice President, it became an ethical issue for Cheney to be involved with Halliburton's acquisition of contracts. In June, 2004 the Pentagon admitted that Cheney knew that Halliburton received a no-bid contract in Iraq worth approximately $7 billion (BNet, 2004). Despite the fact that in September of 2003 Cheney made the claim that he had "severed all ties to Halliburton financially", he was still being paid a salary of $150,000 and had roughly 400,000 shares of unexercised stock options. Cheney has said that he deferred his salary and stock options and would donate to charity any earnings; therefore, it was not a violation of ethics on his part (Ethics in Business).Social ResponsibilitiesDuring the course of the Iraq war the role of Halliburton has greatly expanded. One of the company's new roles was to transport fuel throughout Iraq. Halliburton has been criticized for not providing adequate security for their employees in that area. Specifically, personnel driving fuel trucks in Iraq are said to be at unnecessary risk (NY Times, 2006). The company has denied this and states that the safety of the employees is their number one concern. Halliburton also claims that security of the workers is the responsibility of the military, not the company (NY Times, 2006). This risk, if it is deemed unnecessary, undermines Halliburton's position on providing an adequate level of social responsibility.When thinking about the planning function of management for Halliburton, these issues create difficult scenarios. When Halliburton put together their goals and objectives during the planning phase, not enough attention was given to the internal or external factors that could prevent the company from meeting those goals and objectives. Deficient leadership in this area can cause a company to lose sight of these important matters.Factors Which Influence PlanningThree of the main factors that influence Halliburton's strategic, tactical, operational and contingency planning are rising steel costs,...

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