Management Planning at Halliburton

1102 Words5 Pages
Management Planning at Halliburton Planning is one of the most critical functions of management an organization can use to accomplish its mission. Halliburton was founded in 1919 and is one of the largest providers of products and services to the energy industry, with a workforce of almost 50,000 people in over 70 countries. Their home office is located in Houston, Texas and they have been leaders in the energy services and engineering and construction (E&C) industries for almost a century. This paper will evaluate the planning function of management, discuss the factors that influence management planning, and analyze several factors that affect different types of planning within Halliburton. The number one priority of Halliburton is to…show more content…
Some of the factors that can influence the strategic, tactical, operational and contingency planning at Halliburton are the global economy, petroleum prices, and the environment. As a leader in the energy industry, Halliburton must ensure that all levels of management consider these factors when developing long-term and short-term goals. With 53% of the company’s revenue being utilized in the international marketplace, Halliburton must ensure that the global economy is taken into account during the formulation of strategic plans. These decisions affect the people and economies in every country that Halliburton does business. To strengthen their economic presence in the Eastern Hemisphere, Halliburton established a second headquarters in Dubai, United Arab Emirates. As the oil and gas business shifts its focus to the Eastern Hemisphere, Halliburton remains a leader due to proper planning and research. While the customers they serve make this transition, Halliburton is expanding eastward to provide new manufacturing capacity, move closer to key markets, and help lower logistic costs. These changes will enable Halliburton to reduce the cost of producing petroleum products which will help
Open Document