Halliburton Essay

oneness of the most important functions for any formation to succeed in any particular direction is readiness. Planning is an activity that enables companies and their employees to guess the high societys purpose and its strategic direction so that they can queue themselves to it. This paper depart discuss the impressiveness of prep atomic number 18dness at Halliburton Company and poll the extent to which it impacts the reasoned, ethical and CSR issues in the organization. Furthermore, it going discuss three factors that hurl an mould on the companys strategic, tactical, practicable and mishap readying.Halliburton Company was established in 1919 in Houston, Texas with a second headquarter in Dubai, UAE. Currently employing over 50,000 people, it is a Brobdingnagian multi peopleal and global loss leader in the power services sector direct in more than 70 countries. victimisation its technological edge in its trading operations and assistance from its innovati on-class human resource, Halliburton has exhibit outstanding growth and development in the cleverness sector over the medieval some(prenominal) decades.Its focus on founding dates back to its early years when its founder, Erle P. Halliburton initiated his anoint well cementing art by edifice a wooden mixing blow only by hiring a wagon, a team of mules and a pump in Oklahoma. C argonful planning and effective strategies have enabled Halliburton to remain as the market leader in the energy sector for almost a century now. Its planning strategies are comprehensive, focused on global changes and represent the Think globally, act locally theme.Halliburton precaution realizes the fact that for global survival it is native to adopt several(prenominal)(predicate) methodologies in divers(prenominal) countries. For this purpose, it operates from 2 headquarters Texas, the oil hub of the air jacket and Dubai, the trading hub of Asia and Europe. The number one precession of Ha lliburton is to provide competitive, safe and superior timbre products and services. Halliburton rulement maintains that in invest to ensure business continuity they must explore the unexplored parts of the world for newer energy reserves bringing in environmental concerns. gum olibanum, there are several instances when integrated Social Responsibility and early(a) issues have an impact on the planning of Halliburton and its strategy planning. There are frequently differences in the legal framework of diametrical countries, for example, the British and American laws pertaining to environmental geographic expedition have different clauses. This results in differences in the local planning of future go to be interestn by Halliburton in maintaining its market position and extending its operations. Ethics overly play a key berth in shaping up its policies and plans for the future.environmental concerns, consideration for animal and plant wildlife are some of the factors the Halliburton management takes into study when planning its activities. For example, if oil exploration in the Sahara testament result in extinction of the sub-Saharan tigers living in the region, the company will develop an alternative plan. Global companies as large as Halliburton have to manage their activities and operations collaboratively sometimes the ethical and legal frameworks of adjacent countries can render veritable actions legal in one nation and illegal in a nonher nation.Thus incarnate planning is a real extensive process at Halliburton which involves significant amount of consideration given to regional subsidies of the company. Though corporate social responsibleness and legal issues dominate the effect on the planning activities of Halliburton, ethical considerations also sometimes require plans to be modified. For example, Halliburtons operations in Saudi Arabia have to be controlled differently than its operations in the US. The moral philosophy standards and beliefs in the two countries are different and regulate different practices.For instance, daytime operations during the fasting season where the temperature is actually gamey is not restricted by law. purge the workers may be willing to work, hardly ethics and moral standards suggest that Halliburton operations should be continued at nighttime during those days. There are several factors which assume the course of action of companies. Often we make changes in the stock market leading(p) to important strategic planning changes in companies. However, most of these are short-term plans and do not affect the vision of the company by a significant degree. well-nigh of the most important factors which have a contribution towards the companys strategic, tactical, operable, and contingency planning are as follows emf Energy Reserves Halliburton thrives on its energy reserves and constant exploration of newer energy situations. Its strategic and international planning is est ablish upon the potential energy reserves of a region. A region where there are high energy reserves would of course be an area for long-term planning for Halliburton management while a exit strategy may be disposed(p) for a dried up site in Japan.Its strategy is the key to business continuity and profits and thus takes into account the future business that can be generated from a particular region. Taxation and Corporate Laws The reason why Nevada is the registered as the corporate head office of thousands of companies is because of its tax-friendly laws. Halliburtons enlargement and acquisition strategies are dependent on the corporate taxation and regulations that are enforceable in a particular present or country.These laws influence to a majuscule degree the companys operational and contingency panning as well. Avoiding over-taxation requires careful hindsight in operational and acquisition activities. Companies like Halliburton use up to have effective planning strategies in order to save huge amounts in taxation and legal fees. Culture The destination of Texas may be very oil-friendly however, that may not be the case in Brazil. The differences in culture, customs and therefore the recruit of ethics is important for Halliburton to realize and respect.Companies not caring about these factors often take care problems in the long-term. Nike could not stop the sweatshop crisis intelligence activity from coming into the media which caused hundreds of thousands of dollars loss to the company and several protests were lodged against the company till it finally weave up its operations. Halliburtons planning should take into account the resident cultural practices and stern its plan according to them violation of local culture is often taken very strongly by the people and is revoked at some point or the other.