Preview

Halliburton Management

Powerful Essays
Open Document
Open Document
2196 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Halliburton Management
Halliburton Management
Jettie Thompson
University of Houston Downtown
Presented to
Dr. Donald Bates
MGT 3301-30373 – Principles of Management and Organization Behaviors
July 2, 2013
Section 1 – Planning
Planning is essential to any organization because it develops and executes tasks that the organization wishes to accomplish. First the organization defines its mission. A major organization in the oil and gas industry, Halliburton, has defined a value statement for employees to take pride in and customers to put their trust in. “The Halliburton’s Cementing Advantage” states that the “team’s mission is to provide top quality, fit for purpose, cement solutions and first class, reliable job execution to our customers, worldwide” (Halliburton, 2006). It goes on to inform customers that the organization is built on success, reliability, leadership, experience, and talent. Then the Halliburton slogan is revealed: “Done Right, Done Once.” Then the mission statement is closed with a promise to treat each customer based on their specific needs.
Missions are explanations as to why an organization exists. A mission statement, such as Halliburton’s, broadly declares what makes an organization better than others and what their purpose is. Once an organization establishes their missions and condenses them into a mission statement, the next step is to set goals. With the organization’s missions in mind, goals should include a future position that the organization will attain in a fixed time period. It should be noted that a flexible organization may need to adjust goals based on unforeseen circumstances to maintain maximum performance. After these goals are founded, plans need to be created in order for goal achievement. Plans are specific actions that need to be conducted by an organization and their employees.
All three of four of these steps: defining missions, establishing a mission statement, setting goals, and creating plans are important in an organization’s



References: Guillory, Kevin. "Management at Halliburton." Personal interview. 27 June 2013. "The Halliburton Cementing Advantage." Halliburton Oilfield Services. N.p., 2006. Web. 26 June 2013.

You May Also Find These Documents Helpful

  • Best Essays

    A business’ mission and vision statement is at the very foundation of their strategic planning process. Strategic planning identifies where the business wants to be at some point in the future and how it is going to get there (McNamara, 2009). The mission and vision statement provide a written compass to the roadmap for the strategic plan. Putting down in as few selective words as possible while still encompassing the essence of the business communicates to both the target market and employees what the business is about and how it’s getting there. Therefore, it’s imperative to understand how to write an effective statement. Each has their own unique purpose but work in concert with each other. Jennell Evans, President and CEO of a workplace performance improvement firm named Strategic Interactions Inc., has reported she has found the two statements mistaken for each other and/or they were very uninspiring, confusing and forgettable (Evans, 2010). Ms. Evans continues to say mission and vision statements should be…

    • 1771 Words
    • 8 Pages
    Best Essays
  • Good Essays

    Mission statements are used to symbolize the goals that an organization is trying to reach or obtain. The mission statement will help guide the way on how the organization should practice and also provide a complete structure of their practice. The Entrepreneur website defines a mission statement as “A sentence describing a company's function, markets and competitive advantages; a short written statement of your business goals and philosophies”. Most organizations mission statements will be different in some context, but the overall goal is to make sure the organization is successful and works at its fullest potential.…

    • 964 Words
    • 3 Pages
    Good Essays
  • Good Essays

    The Halliburton Company uses planning as one of their main components that involves their goals and strategies in every aspect. It is stated in one of their mission statements that the employees, stockholders and customers comes first and would do everything to satisfy their…

    • 840 Words
    • 4 Pages
    Good Essays
  • Good Essays

    When discovering the idea for a business, an important element of the current strategy plan is a mission statement. This simple statement declares the goal of a business and defines the explanation for the company’s presence. It offers the platform and framework to helps guide the business strategies and activities by spelling out their overall goal. A mission…

    • 519 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    An organization's mission is the basic purpose toward which its activities are directed. Organizations vary widely in their missions. A goal is a definable, measurable objective. Goals are based on an organization’s mission.…

    • 6002 Words
    • 25 Pages
    Powerful Essays
  • Good Essays

    All companies experience internal and external forces that affect the nature of their business. Some of these forces can be controlled by the company itself these are called internal forces but actions that occur outside of the company without the company being able to control them is called external forces. These forces whether they are internal such as company restructuring or external forces, for example the company 's competitor coming out with a better product push the company to take actions to ensure that the company will survive through them. The internal and external forces that can affect each company range from company restructuring, organizational mission, fiscal policies, competition, the economy, customer demands, and globalization. The members of Team A have examined each of his or her respective organizations and discussed below how internal and external forces have affected each company.…

    • 1766 Words
    • 8 Pages
    Good Essays
  • Satisfactory Essays

    Competency Goal

    • 195 Words
    • 1 Page

    Through this course, I have expanded my knowledge of available resources, key roles, and steps required in the organizational planning process. For example, every organization must have a mission and value statement to follow; but not everyone will do so, and this causes the complexities in the workforce. Without a clear goal, employees are unable to analyze and implement effectively.…

    • 195 Words
    • 1 Page
    Satisfactory Essays
  • Best Essays

    A mission is a statement of the business purpose and aims. It should include the actions of the business, the stakeholders of the business and how the business plans to meet their needs.…

    • 4397 Words
    • 18 Pages
    Best Essays
  • Better Essays

    Vision means the ability to think about the future with imagination and wisdom. Vision is an important factor in achieving the objectives of the organization. The mission is the medium through which the objectives are achieved…

    • 4202 Words
    • 17 Pages
    Better Essays
  • Good Essays

    Planning is an essential piece in the puzzle of management. Without it, the picture is not complete and we cannot do our…

    • 347 Words
    • 2 Pages
    Good Essays
  • Powerful Essays

    Planning is a critical aspect of an organisation, as it is one of the four functional areas within which one or more people, or a team of people, exercises management to achieve intended outcomes and to reduce unintended outcomes. The concept of failing to plan creates a plan to fail means that you don 't bother to plan before you start your work, then you might as well just go ahead and try to fail. This is often the case in an organisation, as planning helps to achieve goals set by the organisation. By understanding why an organisation may need to plan for certain scenarios, how planning can achieve its goals for the business and how the stakeholders involved are effected…

    • 2200 Words
    • 9 Pages
    Powerful Essays
  • Powerful Essays

    Halliburton is one of the largest providers of products and services to the oil and gas industry. Contributing to the success at Halliburton are 50,000 employees that work in over 70 different countries (Halliburton, 2009). What began in 1919 after borrowing a wagon, some mules and a mixer, has become a successful business by focusing on innovation and expansion. This paper will evaluate the management planning process within Halliburton and the four types of planning, and discuss the issues of legal, ethics, and corporate social responsibilities that impact the management planning processes.…

    • 1418 Words
    • 6 Pages
    Powerful Essays
  • Better Essays

    In order to reach their goals, owners use planning to set proper business objectives and choose the right course of action to reach these aims (Reilly, Minnick, & Baack, 2011). Detailed planning is required for any business to succeed. Instituting and executing the plan is the foundation, intertwined with the other management functions. If this base falls apart, or if even only one piece is removed, the entire structure can fail. Tim, the owner of Avery Landscaping, carefully laid out the business platform to employees and ensured proper and timely execution and it was this planning which…

    • 1497 Words
    • 6 Pages
    Better Essays
  • Satisfactory Essays

    A mission is what an organization does, its action; a vision is what an organization would like to happen as a result of the action that it does. It answers the question “What change is achieved because we exist?”.…

    • 319 Words
    • 2 Pages
    Satisfactory Essays
  • Powerful Essays

    Assignment

    • 4921 Words
    • 17 Pages

    There are many definitions of vision. Vision is “an ideal and unique image of the future” (Kouzes and Posner 1987:85). Another definition of vision is “a mental image of a possible and desirable future state of the organization” suggests Bennis and Nanus (1985:89). Vision is the long-term goal. Conversely, mission is what actions one takes to translate that vision into reality. A mission statement is the intrinsic, ‘Why?’ of your department’s very existence and the vision becomes the “How?” – A compass from which everything else is driven. Simply put, vision is what you want to do with your existence, and mission is how you will go about it.…

    • 4921 Words
    • 17 Pages
    Powerful Essays

Related Topics