Tyco Case Study Essay

Section 1: Introduction. Tyco is a multinational corporation that deals with industries from hospital suppliers to fire sprinklers. To some, Tyco epitomized the excesses that could occur from success. Some executives plundered the company for personal gain, which affected its very survival and the employment of thousands of employees. The organization's culture required substantive change. In this assignment, I will review and write a case study analysis based on how Tyco overcame the frustration of its employees and communicated needed change throughout the organization. The sources for my paper will come from Chapter 11 of the textbook as well as other web based sources. Section 2: Content. In 2002, the situation at Tyco was a huge debacle, in which the then CEO Dennis Kozlowski and his associate, Mark Swartz, robbed the company's funds for
The situation at Tyco was an example of greed and excess, with little to no oversight and shady accounting practices, followed with a dose of incompetence and gross stupidity amongst the board members. The changes that had to been performed came out of necessity for the survival of the company's reputation and not it's financial status. The fact that the company was solvent and strong financially helped to allow the CEO the opportunity to concentrate on the corporate image repair work that needed to be done. By changing the climate at Tyco, CEO Breen was able to develop an ethics program, distribute it worldwide throughout the company, establish regulations and penalties for violating those rules and repair the creditability of the company, all while maintaining a viable, profitability organization. The work of image repair can be hard, especially when implementing changes at the highest the level. All good changes start from the top; if the leader is moral, then that's the example and image that should be followed. Only then, will change be significant, transformational and