Kbr/Haliburton Under Fire
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- Date Submitted: 08/01/2010 09:34 AM
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Halliburton
Halliburton has been in existence since 1919 as an oil well cementing company, based in Houston, TX. In 1924, the company became incorporated and in 1948 made it onto the New York Stock Exchange. Focused on growth, acquisitions became the route for the company. Kellogg Brown and Root, (KBR), a well-known subsidiary of Halliburton, was acquired by merging two separate companies. Nowadays, the organization provides two major services from by means of its subsidiaries. Energy Services Group, provides technical products and services for oil and gas exploration and production” (MiloIIIIVII, 2010) and KBR, provides construction services focusing in the areas of specialization of “refineries, oil fields, pipelines, and chemical plants” (MiloIIIIVII, 2010).
Management Planning
Halliburton’s vision is to “lead the world in energy services, engineering and construction” (Halliburton, 2004). Hoping to attain this vision, Halliburton focuses on four key goals, technological leadership, operational excellence, innovative business relationships, and providing a dynamic workforce. To accomplish these goals, Halliburton provides employment in more than 100 countries, taking advantage of, fostering and building on the knowledge and skills and dynamics of their diverse workforce. However, because of the size of the organization, Halliburton is consistently working with various companies to achieve the goals and missions. Is this a “given” considering the scope of operations? However, due to questionable legal, ethical and social responsibility issues, Halliburton need to take extra precautions utilizing planning to prevent further negative attention.
Legal Issues
Halliburton sub-contracts with several companies in varying countries. Recently, Halliburton has been found guilty on bribery charges by the Securities Exchange Commission (SEC) with Nigerian government officials for violating the Foreign Corruption Practices Act (FCPA). Halliburton paid these officials...
Halliburton has been in existence since 1919 as an oil well cementing company, based in Houston, TX. In 1924, the company became incorporated and in 1948 made it onto the New York Stock Exchange. Focused on growth, acquisitions became the route for the company. Kellogg Brown and Root, (KBR), a well-known subsidiary of Halliburton, was acquired by merging two separate companies. Nowadays, the organization provides two major services from by means of its subsidiaries. Energy Services Group, provides technical products and services for oil and gas exploration and production” (MiloIIIIVII, 2010) and KBR, provides construction services focusing in the areas of specialization of “refineries, oil fields, pipelines, and chemical plants” (MiloIIIIVII, 2010).
Management Planning
Halliburton’s vision is to “lead the world in energy services, engineering and construction” (Halliburton, 2004). Hoping to attain this vision, Halliburton focuses on four key goals, technological leadership, operational excellence, innovative business relationships, and providing a dynamic workforce. To accomplish these goals, Halliburton provides employment in more than 100 countries, taking advantage of, fostering and building on the knowledge and skills and dynamics of their diverse workforce. However, because of the size of the organization, Halliburton is consistently working with various companies to achieve the goals and missions. Is this a “given” considering the scope of operations? However, due to questionable legal, ethical and social responsibility issues, Halliburton need to take extra precautions utilizing planning to prevent further negative attention.
Legal Issues
Halliburton sub-contracts with several companies in varying countries. Recently, Halliburton has been found guilty on bribery charges by the Securities Exchange Commission (SEC) with Nigerian government officials for violating the Foreign Corruption Practices Act (FCPA). Halliburton paid these officials...