The Likelihood of Success That Halliburton Can Achieve Essay

The Likelihood of Success That Halliburton Can Achieve - Essay Example There is an increasing concern among corporate houses to manage the current and the emerging issues that are being faced by them. This is required in order to create an effective management and maintain a competitive edge over its competitors. If the issues are not resolved by the management in a timely manner then this is likely to impact the financial performance of the company and raise the question of the credibility of the corporate governance. The most important task of the management is to identify the prioritized critical issues that are being faced by the organization. The effectiveness of resolving the issues depend on the identification of the problems and allocation of the top management in resolving that issue. Corporate scandals have an immense impact on the credentials of a business. The past decade had witnessed a major increase in the rate of the corporate scandals which had significantly impacted the profitability of a business. Corporate scandals have become an imp ortant source of loss of investor confidence in the company. A root cause of this failure has been identified in the â€Å"command and control† nature of these corporations which follows a top-down approach to management with a single board dictating the policies. Owing to these complex procedures that raise the chances of corporate scandals, organizations are now being increasingly forced to adopt a simpler managerial structure that is guided by flexibility. This is essentially a secondary research that will use data from secondary resources and interpret the problems that have been faced by the company and the way in which it has been successful or unsuccessful in handling the issues. The report tries to analyze the likelihood of success that Halliburton can achieve. This report will use the academic framework of SWOT to identify the issues that are being faced by Halliburton.