Management : Theory, Practice, And Application

1242 words - 5 pages

Anitra Martin
Axia
Management: theory, practice, and application
Ronald Sprague
MGT/330
September 19, 2011

There are four functions of management, planning, leading, organizing, and controlling are instrumental to meet organizational goals. Planning is typically performed by managers, however, employees should be provided an opportunity to voice opinions and offer suggestions. Most of the employees, when given the opportunity, have the ability to provide insight and a unique approach to problem solving. In an organization such a Halliburton the managerial staff must be separate from the rest of employees as a manager’s responsibilities are different. Managers within ...view middle of the document...

If the economy goes through a recession like the world has seen over the last few years a company like Halliburton will have to change the way normal business is being conducted. The planning methods change in a reaction to the economy. By changing how the company operates Halliburton is able to continue bringing in revenue. Another factor that influences the strategic, tactical, operational, and contingency planning of Halliburton is legal and ethic issues. As a company comes under pressure to have a stronger ethical or legal stance the way the organization plans and conducts business must also change. As Halliburton has come under fire for business practices being conducted around the world new plans must be drawn up to counter act the negative viewpoint the customer base began to develop. A third influence which can influence the strategic, tactical, operations, and contingency planning conducted by Halliburton can be internal factors. If an organizations management becomes corrupt or too greedy the management will likely make poor decisions which would negatively affect the employees and the organization. When corruption takes place a company will struggle to redeem the reputation tarnished by a few employees with less than sound moral judgment. All three of these issues dramatically affect any organizations strategic, operational, and contingency planning methods.
Throughout the history of Halliburton many obstacles have been faced involving legal issues, ethics, and corporate social responsibility. Halliburton has been operating since 1919 and currently employees more than 50,000 employees across 70 countries ("History", 2011). One of the legal issues Halliburton faced was allegations of that bribes worth $180 million was paid to win a multibillion dollar deal in Nigeria for a natural gas plant (Pluming, 2004). This is just one of the many legal problems Halliburton has faced. Halliburton has a code of business conduct which contains the company’s stance on business conduct and ethics. This code of conduct contains all the policies which relate to legal and ethical standards which all employees must follow. Halliburton’s ethical standards have been questioned as legal actions have been brought up and business practices are questioned. Many people believe that Dick Cheney, once the CEO of Halliburton, used his political influence in Washington to give Halliburton government contracts in Iraq ("Cheney Violates Ethics Law", 2003). This is a severe ethical conflict of interest as Dick Cheney who owned stock in Halliburton would profit exorbitantly. Many people believe that Halliburton has a social responsibility to help America by providing a quality product at an affordable rate. In reality Halliburton is a business. Halliburton’s goal is to turn a profit year in and year out. Many factors can influence the way Halliburton’s strategic, tactical, operational, and contingency planning. For Halliburton the world economy has a large impact. If...

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