A Look Into Halliburton's Planning Strategies

1428 WordsAug 29, 20106 Pages
Management Planning Paper: A Look into Halliburton’s Planning Strategies Michael-Paul Battle University of Phoenix October 8, 2009 Management Planning Paper Halliburton is one of the largest providers of products and services to the oil and gas industry. Contributing to the success at Halliburton are 50,000 employees that work in over 70 different countries (Halliburton, 2009). What began in 1919 after borrowing a wagon, some mules and a mixer, has become a successful business by focusing on innovation and expansion. This paper will evaluate the management planning process within Halliburton and the four types of planning, and discuss the issues of legal, ethics, and corporate social responsibilities that impact the management…show more content…
Lesar claims in the 2009-second quarter report that they have taken careful steps to control costs and improve financial flexibility (Halliburton 2009). By executing their strategy of maintaining disciplined investments has ensured them that they will be in a good position to duplicate the same profits as they did the year before. Legal Issues. Many major companies experience lawsuits from competitors, employees, and the community. These lawsuits have a direct affect on the way a company runs, or plans to run their organization. Halliburton is one of many companies experiencing these lawsuits on a very public stage costing the company billions of dollars. In 2006 charges had been brought against Halliburton and their former subsidiary Kellogg, Brown, and Root (KBR), for bribing Nigerian officials between 1994 – 2004 to secure four contracts for a KBR joint venture to build and expand Nigeria's Bonny Island liquefied natural gas terminal. In February of 2009 KBR pleaded guilty to violating the Foreign Corrupt Practices Act (FCPA) and Halliburton and KBR was ordered to pay $402 million in fine by the United States justice department. In a separate hearing Halliburton will pay $177 million after reaching an agreement with the Securities and Exchange Commission to pay criminal parallel charges for the violating the FCPA. Ethical Standards. At the end of the day many companies would like to say that their employees ended up doing the right thing versus

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