...degree of Master of Science in Management February 19, 2012 Abstract Halliburton is a multi-million dollar organization, operating in nearly 80 countries worldwide. The roots of Halliburton trace back to the 1900s, with countless mergers and company acquisitions dotting its history. Halliburton is one of world’s leading oilfield services providers. The organization has a strong financial history that continues despite scandals, regulatory requirements and growing litigation. Halliburton continues to lead its market in innovative practices, diversified revenue streams and the breadth of its global footprint within the oilfield services industry. Table of Contents Page Abstract……………………………………………………………………................ 2 Table of Contents……………………………………………………………………. 3 History of Halliburton ……………………. ……………………………………….. 4-5 Corporate Governance………………………………………………………………. 5-7 Holistic Intrapreneurship …………………………………………………………… 7-9 Conclusion ………………………………………………………………………….. 10 References…………………………………………………………………………....11 History of Halliburton Halliburton is one of the world's leading oilfield services providers with revenues over $18 billion in 2010. Halliburton was incorporated in 1924 in Delaware. Halliburton has approximately 70,000 employees worldwide, and is in the business of “providing engineering and construction services to the upstream energy industry, to infrastructure companies and various governments across the world.” (Datamonitor, 2011). Halliburton has...
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...Citizenship Behaviours, Organizational Structures and Open Innovation M. Muzamil NAQSHBANDI* Dr. Sharan KAUR Deptt of Business Strategy and Policy Faculty of Business and Accountancy University of Malaya, Kuala Lumpur, Malaysia- 50603 E-mail: virkul@gmail.com* Abstract With increasing technological advances, the need to create not only innovations but faster innovation has become a part of sustaining or gaining competitive advantage. Open innovation paradigm answers this need by utilizing larger resources and expertise that firms involved in the open innovation process offer. Given the recency of the concept of open innovation, the factors that influence the creation of open innovation are hazy. Most of the research on open innovation looks at the “hard” aspects of organizations, while the soft issues stand less researched. This conceptual paper draws attention to two such aspects of organization: organizational citizenship behaviour and organizational structure. This paper proposes that practicing organizational citizenship behaviours by the employees enhances the chances of creation of open innovation while not doing so can botch up the whole exercise particularly during the infancy stage. It is also proposed that informal organizational structures favour creation of innovation in the open innovation paradigm more than the rigid formal structures. It is further argued that besides proper citizenship behaviours and informal structures, firms need to achieve strategic...
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...Subsystem…………………………………………………………………...6 Alternatives………………………………………………………………………………………7 Recommendation…………………………………………………………………………………7 References …………………………………………………………………………………….....9 Dave Keller has requested outside consultation to aid him with his new position as communication manager of the division. Mr. Keller has limited managerial experience, but has researched his main challenges in his new position at NoGo Railroad. NoGo Railroad “serves remote and mountainous areas and hauls primarily timber, coal, potash, and phospohorous” (Brown, 2011, p. 56). Its issues are not new, and Mr. Keller has been placed in the new position so that he can address all the challenges. Problems Macro The case of the NoGo Railroad has issues that are affecting different levels of employment in the organization, from employees to management. NoGo railroad has two main issues that must be addressed in order to reduce expenses and improve the attitude of employees: create a better organizational structure, and gain the ability to adapt to change. Managers need a human resource (HR) department to support them with employee relations, policies and procedures, skill training, and other HR areas. Micro Job descriptions and job expectations are not clear, beginning with the management positions. The communication manager position duties include “managing the personnel...
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...Real World Application of OD Principles Carlos A. Horton BUS 370-Orgainizational Development Instructor: Armando Nunez 21 April 2014 Major businesses such as the automotive industry, bring customers to other businesses who are not so popular. When these businesses migrate to a new location, this means that customers no longer have a reason to visit certain cities and towns. This is when organization development (OD) comes into play. It focuses on people, relationship, policies, processes, norms, organizational structure, and improving very culture of organizations (Kondalkar, 2009). The goal of organization development is to make organizations healthier and more effective (Brown, 2011). By using OD principles, it will help the dry goods store adapt to the new environment that the automotive industry have left them in. This retail store will have to come up with a routine to maintain its stability. Now that the dry goods store is aware of the automotive industry’s relocation, it would be best to utilize organization development practitioners who are subject matter experts in organizational change. An OD Practitioner is a person in an organization responsible for changing existing patterns to obtain more effective organizational performance (Brown, 2011). OD Practitioners are also known as change agents. Change agents lead change projects or business-wide initiatives by defining, researching, planning, and building coalitions and networks as part of a business or organizational...
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...ASEA BROWN BOVERI ABB (ASEA Brown Boveri) is a multinational corporation headquartered in Zurich, Switzerland, operating mainly in robotics and the power and automation technology areas. It ranked 158th in the Forbes Ranking (2013). ABB is one of the largest engineering companies as well as one of the largest conglomerates in the world. ABB has operations in around 100 countries, with approximately 140,000 employees in October 2015,[3] and reported global revenue of $39.8 billion for 2014.[1] ABB is traded on the SIX Swiss Exchange in Zürich, Nasdaq Stockholm and the New York Stock Exchange in the United States.[4] ABB's Indian unit, ABB India Limited, is traded on the National Stock Exchange of India and on the Bombay Stock Exchange. The Indian subsidiary of ABB has a market capitalization of over $4 billion.[5] HISTORY ABB resulted from the 1988 merger of the Swedish corporation Allmänna Svenska Elektriska Aktiebolaget (ASEA) and the Swiss company Brown, Boveri & Cie (BBC); the latter had absorbed the Maschinenfabrik Oerlikon in 1967. CEO at the time of the merger was the former CEO of ASEA, Percy Barnevik, who ran the company until 1996. ABB's history goes back to the late 19th century. The company was incorporated by Ludwig Fredholm in 1883 and Brown, Boveri & Cie (BBC) was formed in 1891 in Baden, Switzerland, by Charles Eugene Lancelot Brown and Walter Boveri as a Swiss group of electrical companies producing AC and DC motors, generators, steam...
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... Introduction Organization Development (OD) increases the use of human resources in order to improve administrative efficiency. Its goals focus on making an organization more effective and to provide individuals the best opportunity to meet or exceed their potential. Brown (2011, p.4) states “employee involvement and commitment are the true keys to successful changes in continued operations of any company”. With change comes employee resistance, if this is mishandled it can prevent a change from successfully taking place. Implementing OD specialists and principles will make sure continued operation of any business. This paper will analyze the challenges facing a retail dry goods store using OD principle and how OD principles will be applied to ensure the continued operation of this business. Analysis of the Changes An owner of a 100 employee retail dry goods store, which is located in a town where the major employer is an automotive support industry that has just announced they are relocating their facility to Mexico, must implement a change within their organization. A challenge facing this business is coming up with a strategic plan to incorporate automotive support into the retail dry goods business. With automotive support being the main industry and contributor of employment for the people in the community, growing the business and creating...
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...decision-making strategies, operating methodologies, structure of an organization and its philosophy constitute the elements of a company’s corporate structure. With an organization having an effective culture, the outcome may be a company which accepts and appreciate diversity, shows concern and treats all employees fairly. Further, employees portray utmost satisfaction and pride working for the organization, their (employees) full potential is given equal consideration to allow for the realization of individual goals. Subsequently, communication and collaboration among employer and employee concerning policy making is adequate and the employees are respected and motivated. This paper aims at explaining how companies utilize corporate culture as a key component in organizational change and how these cultures, when applied, may impact on the productivity of the company in question. The effect of organizational cultures, when not aligned with corporate business strategies, will also be discussed. Organizational culture is the distinctive norms, beliefs, principles and behavioral ways in which members of an organization organize them to give their organization a unique character. Various dimensions of culture may evolve in different corporations based on the organizational structure and leadership methods applied (Harris, 1998). The main aim of these organizational cultures is to define ways of doing things in an organization so as to breathe meaning to the organizational...
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...I would definitely say union diversification make unions stronger considering how union membership has declined in the past when it was centralized and focused on certain specific areas or industries. Nonetheless, union diversification is needed because many believe it provides more power to unions and their members by strengthening their numbers and preventing their dependency on one particular industry. However there are some naysayers that argue that union diversification prevents unions from being very influential in setting wages and policy in a particular industry given the need to spread time and resources across multiple industries. Union diversification is looked upon as an aspect to help with the faltering numbers in union memberships...
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...global management. According to Brown and Gutterman (2003), “Even the best product or the most talented group of product developers cannot succeed without good company management and an appropriate organizational structure” (p. 88). Management and organizational structure are demanding and should always be included in a global business plan (p. 88). Starbucks’ organizational structure is a vital part of its organization and is a critical area that determines its organizational success in the restaurant industry (Successful Application of Organizational Behavior: Starbucks, 2009). In developing a business plan for global operations, there are crucial decisions that must be made regarding the overall organization of the company (Brown & Gutterman, 2003, p. 91). Procedures must be put in place for the circulation of information (p. 91) and Starbucks’ communication behavior has made this corporation successful (Successful Application of Organizational Behavior: Starbucks, 2009). In addition, the organization must have a vested interest in management’s ability to make decisions that may arise in a specific region or country (Brown & Gutterman, 2003, p. 92). Communication in the Starbucks organization is exceptionally successful (Successful Application of Organizational Behavior: Starbucks, 2009). And although there is no official Starbucks organizational structure, the way Starbucks communicates is defined as a matrix structure (Successful Application of Organizational...
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...Brown-Forman Wandan Su Oct.28th 2012 Managerial Accounting * Company Overview * Company History In the year of 1870, a great company was founded in Louisville, Kentucky. It was formed by George Garvin Brown, a young pharmaceuticals salesman. He saw the demand for a consistently high quality whisky that conform medicinal standards. Brown and his half-brother used an innovative approach to sold whisky with sealed glass bottles to guarantee their quality while whisky was sold in the barrel in common at that time. The brand called Old Forester Kentucky Straight Bourbon Whisky, was the first bottle bourbon in America, which remains one of Brown-Forman's best selling brands during the current days. The name of the company changed so many times as the business grew and the original partnership dissolved. Later partnership become between George Garvin Brown and his friend also his accountant, so the company was formed was call Brown-Forman. Old Forester sold very well --but In 1902 Forman sold his interest in the Brown-Forman Distillery because he believed that Brown-Forman's success would diminish as soon as the novelty of packaging began to fade. The Brown family bought all of Forman's interest in the company. In1917，George Garvin Brown died and his oldest son，Owsley, took over the Brown-Forman. It was a difficult time because of the depression and prohibitions during the two World Wars. In 1924, the company moved to the 18th & Howard Street, where the company...
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...RISK MANAGEMENT PAPER Contents S.NO | TITLE | Pg.no | 1 | Abstract | 3 | 2 | Introduction | 4 | 3 | Definition | 4 | 4 | Steps to avoid risk management | 4 | 5 | Why is it important | 5 | 6 | Limitations and research model | 6 | 7 | Conclusion | 7 | 8 | References | 8 | Abstract Risk management helps mainly in assessing risk, mitigation and finding methods to avoid risk in any project or organization. Other than this there are some natural risk like disasters, fire and death which are unexpected and sometimes un avoided. Target of risk management is to reduce distinctive risks identified with a preselected domain to an worthy. In IT risk is associated with ownership, user, operation, involvement. This paper describes about what is risk management, steps to avoid it and importance of it in avoiding risks, limitations and research model. KEYWORDS: risk, evaluating risk, steps , disaster, technology, management, methodologies, people . Introduction Information Technology (IT) assumes a basic part in numerous organizations. By chance that you own or deal with a business that makes utilization of IT, it is imperative to recognize risk to your IT frameworks and information, to lessen or deal with those risks, and to develop a response plan in the occasion of an IT crisis.( Koster, F. 2009) Entrepreneurs have legitimate commitments in connection to security, electronic exchanges, and staff training that impact IT risk management methods. IT risks...
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...second largest producer of rice in the world next to China. Indian Basmati Rice has been a favorite among international rice buyers. Indian rice will is highly competitive and has been identified as one of the major commodities for export. This provides us with ample opportunity for development of rice based value-added products for earning more foreign exchange. Modern rice mills are having high capacity and are capital intensive, although efficient have been developed for obtaining rice by processing the Paddy from its raw form are playing the significant role in the development of agro processing industries. So I choosed my topic as an organizational study at Sri Sai Rice Industries to get an integrated understanding of the organization and its work culture Status of Rice Milling Units in India Rice milling is the oldest and the largest agro processing industry of the country. At present it has a turnover of more than 25,500/- crore per annum. It processes about 85 million tonnes of paddy per year and provides staple food grain and other valuable products required by over 60% of the...
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...Strickland, 2005, p. 2). The purpose of this paper is to describe the primary components of a strategic management process, and indicate why a strategic management process is needed in an organization. Additionally, the strategic management process of Ford Motor Company will be briefly discussed for clarity. Although the strategy management process is an intricate part of an organization’s strategic plan execution, it is noteworthy to review the strategy making and executing phases. The five interrelated and integrated phases: Developing a strategic vision, setting objectives, crafting a strategy to achieve the objectives and vision, implementing and executing the strategy, and monitoring developments, evaluating performance, and making corrective adjustments (Thompson et al., 2005). As related to strategic management, this equates to a good strategy coupled with good strategy execution begets good management performance. In brief, poor management can wreck the soundest strategy whereas, good strategic management of even a weak plan can achieve success. According to Wheelen and Hunger (2010), the basic model for the strategic management process consists of four basic elements: Environmental scanning, strategy formulation, strategy implementation, and evaluation and control. Because the structures of businesses vary, the processes used to direct strategic management also vary in detail,...
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... | |K 406, New Academic Block |K408, New Academic Block | |Ext: 782 |Ext: 784 | |chetan@iimcal.ac.in |devivijay@iimcal.ac.in | COURSE OUTLINE Objective The course aims at building and further developing on the perspectives of why organizations exist and how they are designed to achieve their objectives. This course would require you to analyze and examine organizations around you. Consequently, at the end of the course, a deliverable for you and course instructors would be a position to understand different elements of an organization and their impact on the functioning of the organization. This could well be the beginning of your studies of organizations at macro-level irrespective of your choice of field a year down the line. Pedagogy The course would be...
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...Critical examination on the difference between managing a small organization to a big formal organization as an entrepreneur By James Muhowa, Social Science Student Successful entrepreneurs are opportunists who, through their creativity, drive and vision, create economic or social value. They challenge conventional wisdom by practicing disruptive innovation — innovation that creates new markets through the application of a different set of values. They change the rules of the game by questioning the status quo and upping the stakes. It follows that an entrepreneurial organization can be defined as: An organization that places innovation and opportunism at its heart in order to produce economic or social value (Meta, 2013). The entrepreneur shifts economic resources out of an area of lower and into an area of higher productivity and greater yield (Say, 1803) whether a charity or a profit oriented organization, there is a need to use a businesslike approach is the organization is to endure overtime, so should every manager (Armstrong, 2009). A businesslike approach to management is one that focuses on allocating resources to business opportunities and making the best use of them to achieve the required results. All organizations, large or small, are today struggling to develop in an external operating environment which is epitomized by turbulence and uncertainty. Indeed, the natural cycle for most is from this entrepreneurial state, via growth, to protection, atrophy, crisis and...
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