Management Planning Document In management, each of the four functions, planning, organizing, leading and controlling, is crucial to the development of any business. Involving employees in the planning process helps them understand the organization's goals. Planning means analyzing a situation, determining the objectives that will be pursued and deciding in advance the actions necessary to pursue the objectives. This paper will evaluate the planning function of the Halliburton corporation and analyze the impact that legal issues, ethics and corporate social responsibilities have on management planning along with examples of each, and will analyze three factors that influence strategic, tactical planning , operational and contingency. .Planning is the central area of all management functions. Halliburton Company was founded in 1919 and is headquartered in Houston, Texas, with an additional headquarters in Dubai, United Arab Emirates. Halliburton Company provides various products and services to the energy industry worldwide. Halliburton serves the upstream oil and gas industry throughout the entire reservoir lifecycle, from hydrocarbon location and geological data management, to drilling and formation evaluation, well construction and completion, and optimization of production throughout the life of the field. The company operates in three divisions: drilling, assessment and digital solutions; Fluid systems; and production optimization. The Drilling, Evaluation, and Digital Solutions division offers processes paired with software and hardware solutions to visualize and simulate well activity, while its drilling, logging and drilling technology tools enable optimal well placement and production. The Fluid Systems division focuses on fluid management and technologies to assist in the drilling and construction of oil and gas wells. The Production Optimization division tests, measures and provides the means to manage and improve well production, either immediately after a well has been drilled or has been producing for some time (Businessweek, 2008). The Board of Directors believes that the primary responsibility of directors is to provide effective governance over Halliburton's affairs for the benefit of its shareholders. Responsibilities Responsibilities include: reviewing succession plans and management development programs for members of executive management; review succession plans and management development programs for members of executive management; periodically review and approve long-term strategic and industrial plans and monitor company performance against these plans; adopt business conduct policies, including compliance with applicable laws and regulations and maintaining accounting, financial, information and other controls, and review the adequacy of compliance systems and controls; annually evaluate the overall effectiveness of the Council; and review of corporate governance issues
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