Preview

The Organizing Function of Management: Tyco

Powerful Essays
Open Document
Open Document
1644 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
The Organizing Function of Management: Tyco
The Organizing Function of Management: Tyco
Robert Black
MGT 330: Management: Theory, Practices, and Application
June 21, 2010
Instructor: Tonya T. Moore
University of Phoenix
The Organizing Function of Management: Tyco Organizing is the second function of management, which follows planning. The organizing function of management can be described as the coordination and assembling of a company’s human, financial, physical, informational, and other resources needed to achieve the goals and objectives of the organization (Bateman & Snell, 2009). The organizing function is a continual process and is a vital factor in determining whether a company’s, like Tyco’s, strategy will succeed. The organizational structure of a company will influence how a company organizes said company’s resources in which the company’s Human resources Management will play a major role. The organizational structure of many global organizations begins at the top and proceeds downward through an organizational chart. Although this traditional model works well for some organizations it may not be a viable model for those diversified organizations, like Tyco, with multiple business sections (units). This paper will cover and focus on Tyco’s organizing function of management as it relates to the organization’s monetary and human capital resources and whether or not these organizational resources have been optimized for effectiveness and efficiency. According to Robert M. Monczka, Robert B. Handfield, and Larry Giunipero (2009), Tyco International is a large conglomerate that has developed through frequent corporate acquisitions. Tyco for a period was acquiring four to five companies a week; however, the company was not devoting enough resources to assimilate those companies and integrating all of these segments and divisions became a challenge (Monczka, Handfield, & Giunipero, 2009). To meet this challenge Russ Davis, senior director of corporate sourcing, and Shelley Stewart developed a

You May Also Find These Documents Helpful

  • Good Essays

    There exists a near incorporation with the HR organizing procedure and also the tactical method. The particular tactical method according to objective, perspective, along with morals sets the reason and also objectives on the business. The HR Organizing method comprehends these types and also builds up the way of life depending on the objectives of the business. The organization we worked before tends to make plastic-type shaped toys and also the HR organizing method assists the organizations accomplish their goals. The tactical method recognizes the particular possibilities along with risks within the surroundings. The HR organizing method recognizes the actual possibilities regarding hiring the ideal staff and teaching all of them. During my past business I just labored, all of us need abilities to create top quality conforms or even decrease waste. Some of our durability is based on maintaining the price minimal. Its HR organizing which includes formulated these kinds of abilities along with skills within our business. There have been issues when individuals struggled to understand the actual programs. It had been part of the business 's technique to reduce the expenses of attacked plastic-type toys. HR organizing really applied the equipment of training and satisfaction assessment to improve productivity and efficiency so the tactical goals had been accomplished. The particular shaped plastic-type toys marketplace is extremely aggressive; also it had been necessary that the initiatives of each and every worker had been arranged towards the tactical goals. The HR organizing applied functionality assessment as well as set up the analytics in a manner how the exercise of the worker within the business had been arranged to that particular tactical goal. HR organizing is a main factor in the business attaining aggressive benefit.…

    • 559 Words
    • 2 Pages
    Good Essays
  • Good Essays

    Organizations require people to run everyday operations, which mean every organization needs human resource management. Today’s paper will discuss what human resource management is, and its primary function within an organization. Every organization has a strategic plan, and human resource management play a critical role in the implementation and production of that plan. Last, will discuss the role of human resource management in an organization’s strategic planning.…

    • 697 Words
    • 3 Pages
    Good Essays
  • Good Essays

    In this paper the company Boeing will be evaluated with using the organizing function of management. The paper will show how the organizing function relates to the physical assets, monetary, human resources, knowledge, and technology. It will also be shown how Boeing uses these resources for effectiveness and efficiency.…

    • 1043 Words
    • 5 Pages
    Good Essays
  • Powerful Essays

    Tyco Fraud

    • 1126 Words
    • 5 Pages

    Tyco International is a global manufacturing company based in Switzerland with operations around the world. Tyco International and its subsidiaries operate in People’s Republic of China, India, Thailand, Croatia, Serbia, Saudi Arabia, Libya, Syria, the United Arab Emirates, Mauritania, the Congo, Niger, Madagascar, Turkey, Poland, Malaysia, and Egypt. Tyco’s securities are listed on the New York Stock Exchange.…

    • 1126 Words
    • 5 Pages
    Powerful Essays
  • Best Essays

    Stewart Clegg, Martin Kornberger, Tyrone Pitsis (2004) MANAGING & ORGANIZATIONS an introduction to theory & practice, 3rd edn., London, California, Singapore, New Delhi: SAGE Pubblications.…

    • 1474 Words
    • 6 Pages
    Best Essays
  • Powerful Essays

    In today’s business economy, it is extremely important for companies and businesses to have a management structure, or organizational design, that optimizes the company’s valuable resources. As companies compete in the free market system of Capitalism throughout the global economy, the need for a successful organizational structure becomes extremely important to gain advantage in the competitive market. Businesses and organizations require an organizational design which allows them to compete in the global economy with a high degree of effectiveness and efficiency.…

    • 1968 Words
    • 8 Pages
    Powerful Essays
  • Satisfactory Essays

    Except for new systems, there are some changes in management and organization in order to return revenue and profit growth at the Global Wealth Management Group. This article states that the Chief Executive John Mack brought in a new boss for the Global Wealth Management Group, this change in the senior level of employees follow the theory which is expressed by Kenneth c. (2006) as people is one of the key elements of an organization. Additionally as a number of productive brokers left the company, the firm is trying to fix the problem by addressing the issue of a “one-firm culture”, so the combination of these two factors in the principle “the key elements of an organization are its people, structure, business processes, politics and culture” (Kenneth c., 2006) was carried out well. Last but not least, the considerable change taking place in the Global Wealth Management Group was the enormous investment in technology to help the brokers do their works efficiently and to help their financial advisors better serve their clients and help their clients better manage relationship with them. Actually, “complementary assets are those assets required to derive value from a primary investment” ( Teece, 1988) “‘Recent research on business information technology investment indicates that firms that support their technology investments with investments in complementary assets, such as new business models, new business processes, management behavior, organizational culture, or training, receive superior returns, whereas those firms failing to make these complementary investments receive less or no returns on their information technology investments(Brynjolfsson, 2003; Brynjolfsson and Hitt, 2000; Davern and Kauffman, 2000; Laudon,1974).’These investments in organization and management are also known as organizational and management capital” (Kenneth c., 2006).So we can see that the explanation of organizational and management capital show the reason why the leader of the…

    • 433 Words
    • 2 Pages
    Satisfactory Essays
  • Powerful Essays

    Corporations throughout the world utilize and recognize the effectiveness of an organizational structure. An organizational structure reflects the way an organization positions their employees and jobs that can be resulted in accomplishing the goals and direction of the company. Larger organizations benefit from these structures because of the multiple tasks that are presented, while smaller ones may find it unnecessary. Therefore, plan of actions are established to successfully tackle the responsibilities for the different functions. An organization is typically faced with the responsibility of establishing exactly what skill an employee has, how they perform their duties, and who they report to. There are many factors that determine the type of organizational structure an organization uses. Such as what type of work the company does, how big the company is (employees), the type of revenue it produces, the geographic depth of the companies facilities, and even how much varied products the business has. The organizational structure for Wal-Mart and how it compares or contrasts to other organizational structures will be discussed in this paper. The evaluation of how the organizations function influences and determines the organizational structure and design of Wal-Mart will also be illustrated. Wal-Mart Structure…

    • 1164 Words
    • 4 Pages
    Powerful Essays
  • Powerful Essays

    Michael T. Matteson and John M. Ivancevich, Management Classics, 2 ed, Goodyear Publishing Co., Inc, California, 1981, p2…

    • 2419 Words
    • 13 Pages
    Powerful Essays
  • Best Essays

    * Clegg, S, Kornberger, M and Pitisis, T. 2005. Managing and Organization: An Introduction to Theory and Practice. Sage publications.…

    • 4088 Words
    • 17 Pages
    Best Essays
  • Better Essays

    Successfullness of Tyco

    • 1173 Words
    • 5 Pages

    The following table summarizes the series of material transactions and dealings done by Tyco International in the recent decade. Financial result is used as the benchmark to measure the performance of Tyco’s corporate strategy actions.…

    • 1173 Words
    • 5 Pages
    Better Essays
  • Powerful Essays

    Organization follows planning in the hierarchy of the functions of management. This is where financial and physical resources are combined to achieve desired results. Key leadership achieves organization with the help of the following steps: identifying activities, departmental organization, delegation of authority, and establishing responsibility. Organization also involves attracting qualified personnel to the organization, collecting and assigning resources and creating an environment where all major departments and components of an organization can co-exist and achieve optimum success. Of the four functions of management, this is the most tedious and time-consuming. This paper will explore the organizational structure of Best Buy and how well they manage their human resources. The paper will also explain how Best Buy maintains its technological advantage over its competitors.…

    • 1107 Words
    • 5 Pages
    Powerful Essays
  • Powerful Essays

    Employee-related costs often comprise the greatest share of corporate operating expenses. It is no surprise that executive management focuses on controlling employee expenses in every way possible. At divisional and departmental levels, however, managers must make hiring and compensation decisions that will help their units meet objectives: hiring the right people for the right jobs, compensating them fairly, helping them become rapidly productive, and retaining them as long as possible. Human Resources (HR) administers the headcount and compensation planning process. It makes sure managers adhere to corporate hiring and compensation policies. HR seeks forward visibility to hiring decisions so that it can source the best talent. It analyzes employee trends—like attrition— so that the corporation can make decisions to help retain top talent. Consequently, executive management, finance, and HR are looking for tools and disciplines to manage headcount and compensation planning so that business unit decisions are aligned with corporate objectives.…

    • 2636 Words
    • 11 Pages
    Powerful Essays
  • Good Essays

    I knew with the hundreds of acquisitions Tyco had made under my tenure it would be almost impossible to keep track of all the transactions. To make matters worse, Tyco used complex accounting methods to hide where most of the money was going. This irregular accounting style allowed the company to show the market that we were continuing to grow even when Tyco was in debt.…

    • 1268 Words
    • 6 Pages
    Good Essays
  • Powerful Essays

    Paper

    • 2106 Words
    • 9 Pages

    1. Introduction: Planning is about change and change management is a difficult. Rise and fall of strategic planning indicates organizations find tools to help to navigate organization's ship into the uncertain water of change. Success of a program is difficult to assess, as changing objectives and goals and the results are not simply measurable (Martinez: 1999). The organizations always are attempting to coordinate their resources, feasibilities, tools and capital in certain framework for to achieve organizational goals. In this attempt should be identify the role of each component. The most important component of the organization is human resource and appropriate use of its capabilities and competencies, a certain strategic planning is required that called "strategic human resources planning", and is one of the key discusses of human resource management. Strategic human resource planning, as a matter of fact, is interpretation of goals and future plans of the organization in form of needed type and…

    • 2106 Words
    • 9 Pages
    Powerful Essays