Management Planning Paper
In management, each of the four functions, planning, organizing, leading, and controlling, are crucial to the development of any business. Involving employees in the planning process help them understand the goals of the organization. Planning is analyzing a situation, determining the goals that will be pursued, and deciding in advance the actions needed to pursue the goals. This paper will evaluate the planning function of the Halliburton Company and analyze the impact that legal issues, ethics, and corporate social responsibilities have on management planning along with examples of each, and analyze three factors that influence strategic, tactical, operational, and contingency planning.
Planning is the core area of all the functions of management. Halliburton Company was founded in 1919 and is headquartered in Houston, Texas with an additional headquarter in Dubai, the 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 lifecycle of the reservoir, from locating hydrocarbons and managing geological data, to drilling and formation evaluation, well construction and completion, and optimizing production through the life of the field. The company operates in three divisions: Drilling, Evaluation, and Digital Solutions; Fluid Systems; and Production Optimization. The Drilling, Evaluation, and Digital Solutions division offers processes coupled with software and hardware solutions to visualize and simulate well activity, while its drilling tools, logging, and perforating technology enables optimal placement and production of the well. 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 means to manage and improve well production, immediately after a well is drilled or after it has been producing for some time (Businessweek, 2008).
The Board of Directors believes that the primary responsibility of the Directors is to provide effective governance over Halliburton's affairs for the benefit of its stockholders. Responsibilities responsibility includes: reviewing succession plans and management development programs for members of executive management; reviewing succession plans and management development programs for members of executive management; reviewing and approving periodically long-term strategic and business plans and monitoring corporate performance against such plans; adopting policies of corporate conduct, including compliance with applicable laws and regulations and maintenance of accounting, financial, disclosure and other controls, and reviewing the adequacy of compliance systems and controls; evaluating annually the overall effectiveness of the Board; and reviewing matters of corporate governance
LEADERSHIP BRIEFING PAPER Leadership Briefing Paper After spending your entire working life in one giant corporation that went down overnight; investing most of your retirement in stock options that plummet to zero; you are suddenly jobless and your retirement money is gone. Yet, perhaps even more threatening; our skilled and managerial jobs are steadily going abroad, due to poor corporate ethics. The crisis of poor ethics has jeopardized public trust, caused an erosion of organizational cultures, created human suffering, caused unemployment, and profit losses. Poor ethics
Loblaw Companies Limited manages several subsidiaries and many stores in Canada and The United States, as a result, the Board of Directors play a crucial role in overseeing the effective management of the company. The Board regularly reviews management’s strategic plans and monitor performance of management against approved objectives. The Board also manages Loblaw’s approach to corporate governance, and makes sure the Corporation accurately provides information to shareholders and the public. The Board makes sure the senior management engages in ethical and legal conduct and maintain a culture of integrity. The responsibilities of the Board include: Define shareholders expectations and monitor corporate performance, establish strategic goals, performance objective and operational policies, delegate management authority to the executive chairman, monitor financial disclosure, monitor enterprise risk management, oversee effective external communications, monitor corporate governance, and monitor corporate social responsibility, integrity, and ethics.
Management is the strategic operation of any organization whether for profit or non-profit. The ideology of an organization is to sufficiently meet the objectives of the company, and if possible, set a remarkable standard in the market place. It is argued that, “the search for new information is a human capability, organization systems, processes, and incentives are encourage-able mechanisms; however, it is the manager and not the organization’s responsibility to be innovative” (Qiang, Maggitti, et al, 2013, pg. 894). The development and expansion of creditable managers points to individuals who are aware of the organization needs in reference to acquisitions, new products, interest to stake holders, and maximizing company profits. To achieve the desired outcome of these objectives, companies employ what is fundamental in catalyzing these goals; the necessity of a business plan. An organization is an entity in and of itself, henceforth, it strives to become reputable, to its employees, desiring credibility among its competitors, and customers. A good beginning for any company is to always have a unified interest in its objectives and customers satisfaction. Augmenting to this argument, is the responsibility of every company to be ethical in its operations, and contribute through social responsibilities to its environment. Henceforth, it is with consideration that the following criteria is implemented for effective management.
The management area is located in Mount Pleasant Township, Green County, Wisconsin (Fig. 1). The management area, 410 ac (161 ha) in size, currently is managed by James Marty. The management area is considered an agricultural zone. The legal description of the property is E ½ SE ½ Sec. 29, N ½ NE ¼ Sec. 32 , W ½ SW ¼ SW ¼ , SE ¼ SW ¼ SW ¼, S ¾ NW ¼ NW ¼, S ½ NW ¼, SW ¼ NE ¼ Sec. 33. T3N. R8E. Green County. Wisconsin.
Traditionally, along with leading, organizing and controlling, planning is one of the main functions of management. As a function, planning has to answer five questions; where does the company want to go, why they want to go there, how they will arrive at their destination, what is needed to go there and finally, how they will know when they have reached their goal. In this paper I will explore how Tyco International, Ltd. has used the planning function to recover from a scandal and to begin again to build a new future. Planning is the foundation that lays out the goals of a company however; factors such as ethics, technology, legal issues and social responsibilities that can have direct affects on strategic, tactical, and contingency planning.
This paper will discuss the management planning of Boeing. Boeing, being a leading distributors of aircrafts, satellites and missiles, I will evaluate and analyze the impact of legal issues, ethics and social responsibility in which they carry. I will show how these factors may influence their strategic, tactical and contingency planning.
In this paper, the writer will evaluate the planning function of management within Arthur Andersen. Specifically, the paper will discuss at least one legal, ethical, and social responsibility issue that impacts Arthur Andersen. Additionally, this paper will analyze the impact these factors have on Arthur Andersen’s management planning. Finally, this paper will analyze at least three factors that influence Arthur Andersen’s strategic, tactical, operational, and contingency planning.
Halliburton is one of the largest Drilling companies in the world. This company has over 50,000 employees and operates in more then 70 Countries including North America, Central & South America, Africa, Europe, Middle East, Asia, and Oceania. Halliburton consists of two company divisions-(1) Drilling and Evaluation and (2) Completion and Protection This paper will go over the various aspects of Management planning within Halliburton.
...y and many more. In addition it will also increase the economic activity of this area. Accordingly, this is in accordance to all term stated in UDP policy RCL5.
“Planning activities include analyzing current situations, anticipating the future, determining objectives, deciding in what types of activities the company will engage, choosing corporate and business strategies, and determining the resources needed to achieve the organization’s goals” (Bateman & Snell, 2009, p. 19). The management planning of Tyco International affects the future success of the business. The planning process includes identifying the mission statement and goals of the company. Tyco also analyzes the internal and external influences of legal, ethical, and social responsibilities of the company. In analyzing these affects Tyco will apply strategic, tactical, operational, and contingency plans that can help manage the internal and external influences without affecting the success of the company.
Operations are the activities that transform inputs into finished products (e.g. machining, testing, packaging, equipment maintenance, etc.).
There are two types of board of directors. The first type called one- tier board system which used by British and American companies. This one- tier type depends on mix of outside and inside directors also called non-executive and executive directors. The main function of the board is to strategically plan and determine the business policy to achieve the companies’ main goals. Accordingly, the main management’s function is to implement what had been determined by the board of directors. All board members whether they are executive or non-executive board member are appointed by shareholders. The shareholders also have the authority to remove and re-assign any board member due to severe low performance or any critical
2007). The first one is human resource planning. Human resource planning is very important in identifying the key roles, responsibilities and reporting relationship in as far as staff management is concerned. These are the things to do with organizational factors, technical requirements, interpersonal matters and logistics. After all, these are in place then acquiring the project team becomes crucial. It is important to note that acquiring the best team is not an easy task as they mostly determine the outcome of a project. After the project team is in place, developing the team becomes fundamental, which is done by identifying the common tasks and activities of each team member. Further specifying, the role that each team member is going to play becomes the most important feature at this stage. Lastly, after the team has been set up, the task of managing the team follows the suit. This is very important as it ensures the continuous improvement of team members regarding competencies and skills (Holtbrügge et al. 2007). All the above-mentioned items are very important if the project needs to be deemed successful. Further, they help the HR and the project management teams understand the processes for building and developing the project team. Consequently, the HR can make decisions about the project. To understand some of the ethics and corporate responsibilities that are of great concern to the HR, it is important to understand what ethics entails. Ethics is the moral principles that can define right from wrong. Thus, as an HR and especially when it comes to matter to do with procurement, it is important to be ethical. This way one will be able to make decisions that are good for everyone. Further, with the right ethics in place, the HR will be in a position to discern right from wrong. Consequently, it is important for the HR to observe corporate social responsibility. This
The first function of management is planning. Planning is a process that managers use to identify and involve goal setting and decide the best way to achieve the goal.(Bartol 2007) Planning connect the gap between where we do, where we intend to go. It predict the possible things to happen which would not otherwise happen (MSG 2012). There are several steps to the planning process, which are determine the goals of the organisation, evaluate the current position, consider possible future conditions, identify possible alternative actions and choose the best. Planning is the criteria thinking through goals and making decision to achieve the goal of the organisation’s objective, which requires a systematic way. Also objectives focus the managers how to achieve the final result as managers have to predict anything will happen, avoid the problem and fight back to competitors. An example of planning, which is the President Canon Inc Tsuneji Uchida and lead Canon Company become the no.1 in the global business (Canon.Inc 2011). Tsuneji Uchida has to understand what is the company objective and goal. First, make decision to protect the position and the aim of canon, improve the operation more diversity. Second, he creates the new design of camera and new technology, he plan to do these things to maximise profit.
What I benefit from this course strategy management class is knowing. The strategic management is consisting of the analysis, decisions, and actions an organization undertakes to create and sustain competitive advantages. strategic management analyses. concern with overall objectives, involves multiple stakeholders, incorporates short and long term perspectives, recognizes tradeoffs between effectiveness and efficiency. The strategic management analysis, formulation, and implementation the challenge managers face of both aligning resources to take advantage of existing product markets as well as proactively exploring new opportunities.