Topic > Factors Affecting Corporate Management - 1266

Halliburton is one of the leading oilfield services companies in the world. The organization primarily serves the upstream oil and gas industry with an all-inclusive range of services, from hydrocarbon exploitation to oil and gas construction. The services offered by the organization include the provision of seamless services for production optimization, oilfield drilling software, drilling evaluation and therapy. The company combines proven well drilling and optimization expertise with high-tech survey and modeling software and services (About Us, 2010). Since its inception, it has operated in conventional oil fields from the North Sea to the Middle East as well as other new sites in Southeast Asia and Africa. The company has made numerous efforts in different directions to manage its position in the industry and the divestment of the KBR military and engineering contracts division is part of its efforts. Halliburton took KBR public in 2006 by extending a 20% stake in an IPO and later divested the remainder, cutting all ties to the company in 2007. It streamlined its management along with numerous other efforts of the organization. Thanks to all these efforts, in 2006, the company was awarded a multimillion-dollar contract by Saudi Aramco as part of the Khurais oil field development project, the largest in the region since the 1950s. Traditionally planning is considered one of the four main functions of management, together with organisation, control and guidance. Planning is about identifying where you want to go, why you want to go there, how you get there, what you need to get there and how you will experience if you… .. at the heart of paper processes… ...tion, when moving internationally. The planning of the organization is done according to the government rules and regulations of a particular country that it intends to extend and operate. Considering the entire factor discussed above, the organization can successfully enable its operations. Works Cited Who we are. (2010). Retrieved from: http://www.halliburton.com/AboutUs/default.aspx?navid=907&pageid=2560Ethics at Halliburton and KBR. (2010). Retrieved from: http://www.ethicsinbusiness.net/case-studies/halliburton-kbr/Montana, P.J. & Charnov, B.H. (2000). Management (3rd ed.). Barron's Educational Series. Sadler, P., Ryall, M. J., & Craig, J. C. (2003). Strategic management (2nd ed.). Kogan Page Publishers. Phinney, D. (2004). Halliburton hit by multiple lawsuits. Retrieved from: http://www.corpwatch.org/article.php?id=11613