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Essay / Research Paper Abstract
This 5-page paper discusses various aspects of planning as they relate to Halliburton. Bibliography lists 2 sources.
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5 pages (~225 words per page)
File: AS43_MThalllega.rtf
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countries (Halliburton, 2010). The company provides services to the upstream oil and gas industry (Halliburton, 2010). These services include managing data and locating hydrocarbons, to drilling and formation evaluation, to
well construction and completion (Halliburton, 2010). The company is made up of two divisions, drilling and evaluation; and completion and production - both divisions accounted for more than $14 billion
in revenue in 2009 (Halliburton, 2010). Halliburton operates in an interesting industry. On the one hand, almost everyone needs product from oil
and gas wells, and Halliburton supplies those companies that drill the wells and finds the product. On the other hand, environmentalists and others are concerned about the byproduct of oil
and gas companies (as well as these companies suppliers). Needless to say, Halliburton needs to work hard to analyze its external environment and internal resources before it can really plan.
The basic steps in any planning process involve an analysis of external and internal factors impacting the organization (Bateman and Snell, 2009). The
next step is to develop alternative goals for the firm, based on the analysis, then evaluate the advantages and disadvantages of the goals (Bateman and Snell, 2009). Once the set
of goals has been identified, then the plan put into place, implementation comes next. This involves communicating the plan to employees, allocating resources and ensuring that other systems in the
company support the plan (Bateman, 2009). Finally, there needs to be some kind of monitoring process to ensure that progress toward goals is being met (Bateman and Snell, 2009).
Legal and regulatory issues have a definite impact on Halliburtons planning process. It has to. If the company fails in any of the
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