Management Planning: Halliburton

1038 WordsMay 2, 20115 Pages
Attain faculty approval as you select one of the following organizations:  Global Crossing  Tyco  WorldCom  Boeing  Halliburton  Other, as approved by your instructor: Faculty approval is only needed if you do not choose an organization from the list above. Prepare a 1,050 to 1,400 word paper in which you address the following for your selected organization:  Evaluate the planning function of management.  Analyze the influence that legal issues, ethics, and corporate social responsibility have had on management planning at your chosen company. Provide at least one example for each.  Analyze at least three factors that influence the…show more content…
Now that management has gone through the selection process, they must implement the plan. The vital part of a plan is the knowledge of the goal and having every piece of the puzzle come together. From the CEO all the way down the ladder to the new hire in the sales department, they completely understand the goals. Now it is also important that plans have the proper resources to complete the tasks at hand, without resources the plans fail just as badly if the goal is not understood. In this process what many companies have researched, employees are more confident in a plan if it is one that they feel they have helped developed. Goal achievement is also closely linked to how the company rewards their employees. The manager should also be included into this, by allowing managers to manage a budget. If goals are met with the budget the manager should also be rewarded with some type of commission or bonus. Many organizations use incentive programs to encourage employees to achieve goals and to implement plans properly. Commissions, salaries, promotions, bonuses, and other rewards are based on successful performance. The sixth step in the planning process is very essential, monitor and control. In this step will reveal whether or not a plan is successful. Just like some of the earlier planning, this can become repetitive and redundant, but very necessary. Inside this stage, companies will see a plan for

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