S. Government, the Securities and Exchange Commission (SEC) in accordance with the Sarbanes-Oxley Act, and also the shareholders. This has added cost and time constraints to their strategic planning process that could potentially cost them incremental business if they were able to respond to the market faster without having to contend with compliance initiatives first.
Ethics
Another aspect of the strategic planning process that has been influenced by the practices of Halliburton is the issue of ethics. In 2005 and 2006 Halliburton was cited by the U.S. Senate for knowingly serving unhealthy water to U.S. troops in the Camp Ar Ramadi province of Iraq (Donahue, 2006). This ethical lapse was found after the U.S. Senate learned that Halliburton had been given the contract for water purification services in the region, and did not audit their own performance. In other words, Halliburton had no way of knowing if the treatment of water was actually achieving its intended result or not (Donahue, 2006). This also made for a significant cost to their strategic planning process as today Halliburton must also provide for significant oversight to the U.S. Senate as to their activities in Iraq. This has also become a significant drain on their planning timelines as well.
Corporate Social Responsibility
The last factor, Corporate Social Responsibility (CSR) is one area where the company is below average of three of the four factors One World Trust uses to quantify QSR performance over time. The figure shown, Halliburton Accountability Benchmarking (One World Trust, 2008) provides a graphical analysis of their performance over time. What is immediately apparent from reading One World Trust's report on Halliburton is the fact that their Compliant and Response processes are both internal and external in design and while the company does not have any significant efforts underway in sustainability or "green" initiatives they do have a CSR program for carbon reduction. Overall however Halliburton scores low on the attributes companies need to have in order to create and sustain an effective CSR program over time.
Factors Influencing Organizational Planning
The factors influencing the company's strategic, tactical, operational, and contingency planning are defined within...
FCPA The following till take a look at Foreign Corrupt Practice Act or in other words the FCPA. Discovering the corporate payments difficulty in the middle of the 70s from a blend of work by the Watergate Special Prosecutor office, this includes related additional work and inquiry by SEC-Security and Exchange Commission and the Multinational Corporations Subcommittee by Senator Frank Church. In 1975, within four months, separate hearings were held by the
Because they ignored those concerns and chose to save a very small amount of money, they ended up costing their organization much more money for placing an entirely new advertisement that reflected the additional wording that the two team members had originally tried to propose. On a much smaller scale, this is precisely the same thing that happened on the Deepwater Horizon oil drilling platform: namely, junior-level team members expressed
Knowledge Management Succession Plan Strategy KBR Australia Knowledge Management Succession Plan Strategy Kellogg, Brown Root (KBR) is an international company founded by Brown and Root in 1960 as Kinhill Engineers, and has gone through various changes over the years. A significant chapter in its history occurred in 2007, when it was split from Halliburton, to become a fully independent company. KBR's Australian division has offices in Melbourne, Adelaide, Canberra, Sydney, Brisane, Perth,
Global Business Cultural Analysis Nigeria Nigerian History Synopsis of Nigerian government Nigerian monarchy to presidential system The evolution of Nigeria from British control to a civilian democratic government Nigerian major commodities Oil Food The major elements and dimensions of culture in Nigeria Cultural dimensions Individualism Power distance Masculinity Uncertainty Model of culture Universalism or Particularize How is the integration of elements and dimensions that Nigerians doing business in the country? The effects of governments on the prospects for its business around the world How the elements and dimensions compared
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