Management Planning

Halliburton - Management Planning
Halliburton, founded in 1919, is one of the world’s largest providers that serves many domestic and international organizations with a broad range of product and service needs in the energy productions industries. It operates in two business segments: the Completion and Production segment and the Drilling and Evaluation segment that delivers cementing, stimulation, intervention and completion services. The Drilling and Evaluation segment provides field and reservoir modeling, drilling, evaluation, and well construction solutions that enable customers to model, measure, and optimize their well placement, stability and reservoir evaluation activities. This includes fluid services, drilling services, drill bits, wireline and perforating services, software and asset solutions, and project management services (Halliburton, 2009).
Planning function of management.
Halliburton is managed by a Board of Directors that is primarily responsible for the planning functions at all levels within the corporation. Their planning and translation of that plan are in keeping with the company mission and vision. Strategy and action plans are focused on the customers, clients, stockholders and employees taking into consideration current financial climates governing business development objectives. Contingency plans and risk management are an integral part of the planning process to aid in controlling outcomes and making changes to achieve their global objectives.
Product and service lines are in a planned, managed balance to fulfill the needs of the foreign regions Halliburton serves. Risk assessment identifies areas where planning can mitigate any threats to the company, clients, or employees essential to success.
Legal and Ethical Issues
“Our Corporate HSE Policy is overseen by the Health, Safety and Environmental Committee of the board of directors, which provides direction for the management of HSE and input on...