Management Planning Paper - 1348 Words

Lemont Feb 27, 2008 Management Planning Paper In management, each of the four functions, planning, organizing, leading, and controlling, are crucial to the development of any business. Involving employees in the planning process help them understand the goals of the organization. Planning is analyzing a situation, determining the goals that will be pursued, and deciding in advance the actions needed to pursue the goals. This paper will evaluate the planning function of the Halliburton Company and analyze the impact that legal issues, ethics, and corporate social responsibilities have on management planning along with examples of each, and analyze three factors that influence strategic, tactical, operational, and contingency†¦show more content†¦Halliburton is a major provider of engineering services, particularly to the energy sector. Halliburton s accounting practices on cost overruns on construction jobs was investigated. The former CEO of Halliburton, who was in charge when those accounting practices were introduced, Dick Cheney, currently Vice President of the United States. A suit was filed that alleged Mr. Cheney conspired, along with others at Halliburton, to file false financial statements and thereby mislead investors. The suit claimed Halliburton s deceptive accounting procedures led to overstatements of revenue amounting to as much as $445 million in a three-year period during Mr. Cheney s tenure as CEO (Gutman, 2002). Today s competitive environment requires managers to continually upgrade the skills and performance of employees—and their own. Such constant improvement increases both personal and organizational effectiveness. It makes organization members more useful in their current job and prepares them to take on new responsibilities (Bateman, Snell, 2007). Some factors that influence Halliburton strategic, tactical, operational and contingency planning are diversity training, staffing, performance appraisal, and so forth. Diversity training focus o n building awareness of diversity issues as well as providing the skills employees need to work with others who are different from them. Programs that focus on identifying and reducingShow MoreRelatedManagement Planning Paper on Arthur Andersen1221 Words   |  5 PagesRunning head: Management Planning Paper on Arthur Andersen Management Planning Paper on Arthur Andersen In 1913, the company Arthur Andersen started by Arthur Andersen and Clarence Delany by the name of Andersen, Delany, Co. In 1918, it was given the name Arthur Andersen Co. The company supplied tax, consulting services and auditing for the large business, and itself had a position in the Big Five accounting firms. 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