Essay on Factors Impacting Business Management

Essay on Factors Impacting Business Management

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Halliburton is one of the chief oilfield service businesses in the world. The organization primarily serves the upstream oil and gas industry with an all-inclusive range of services, from the place of hydrocarbons to the construction of oil and gas. Services offered by the organization include furnishing production optimization fluid services, oilfield drilling software, drilling valuation, and therapy. The business combines tried-and-true well drilling and optimization proficiencies with high-tech investigation and modelling software and services (About Us, 2010).
From the time of its inception, it works in conventional oilfields from the North Sea to the Middle East in addition to more novel sites in Southeast Asia and Africa. The business has made numerous efforts in different directions for managing their position in the industry and divestment of its KBR military and engineering contracts division is part of its efforts. The Halliburton took KBR public in 2006 by extending a 20% stake in an IPO and afterwards divested the rest, cutting all connects with the company in 2007.
It rationalized its management along with number of other efforts of the organization. Because of all of these efforts, in 2006, the business was awarded with a multimillion-dollar contract by Saudi Aramco as component of the Khurais oilfield development project, the greatest in the region since the 1950s.
Traditionally planning becomes considered as one of the four main functions of management, along with organizing, controlling, and leading. Planning pertains to the identification of where one want to go, why he or she wants to go there, how he or she will arrive there, what he or she requires to arrive there and how he or she will experience if he...

... middle of paper ...

...tion’s processes, when it moves internationally. The organization’s planning is done according to the governmental rules and regulations of a particular country it is planning to extend and operate.
With the consideration of the entire above discussed factor, the organization can successfully enable its operations.

Works Cited

About Us. (2010). Retrieved from:
Ethics at Halliburton & KBR. (2010). Retrieved from:
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 with Multiple Lawsuits. Retrieved from:

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