Factors Impacting Business Management Essay

1281 Words 6 Pages
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
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It becomes an introductory step for an organization in its all business operations (Montana & Charnov, 2000).
Similar is the situation with Halliburton, which is one of the biggest organizations in the United States. It operates with more than 100,000 individuals in more than 120 countries. The organization is one of the world’s biggest suppliers of services and products to the gas and oil industry and all its success is its effective planning. The business management undertakes planning as a systematic activity, which ascertains when, how, and who will carry out an exact job and duty.
The business management undertakes planning as a detailed program regarding its future courses of action, and this only gives it strength for making successful expansions. On the bases of effective planning the organization had made successful mergers and acquisitions, which had encouraged it to be at number one or two positions in the industry. The business effectively manage its planning function of management and according to the management of the business, planning is a psychological understanding to do tasks in arranged manner, to consider ahead of behaving and to behave in the light of concepts rather than estimates. At Halliburton, this function of management becomes handled significantly as it assists the organization in different aspects like in its management-by-objectives, business planning, program planning, promotion planning, project planning, strategic

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