Tyco Management Planning
Management: Theory, Application and Practice
June 7, 2010
Management Planning for Tyco International
Management begins with planning. Planning is the key function that involves laying the foundation and setting the organizational vision, goals, and objectives. Tyco International's Board of Directors is responsible for directing, and providing oversight of, the management of Tyco's business in the best interests of the shareholders and consistent with good corporate citizenship. Tyco is affected by external and internal influences such as legal issues, ethics, and social responsibility. Tyco conducts business based on their strategic, tactical, operational, and contingency plans. Management has a responsibility to uphold and enforce the plans that are better suited for Tyco while keeping the legal, ethical, and social influences intact. Tyco's vision included exceeding commitments, providing new technology solutions, leveraging their diverse brands, driving operational excellence, and committing to the highest standards of business practices (Tyco, 2010). Strategic Planning
“Tyco International Ltd. is a highly diversified global company that provides thousands of products and services vitally important to residential and commercial customers” (Tyco, ). According to Robin Hoopes with the Associated Content, “ Tyco understands what the customer's wants and needs are” (2010). The strategic planning of Tyco's upper management provides the foundation for the policies, procedures, and strategies for obtaining and using resources to achieve those goals. New customers may emerge and new product ideas may be introduced. But if those customers or products do not fit into the long-term strategy, the company can ignore them to maintain a clear focus. Tyco International places great value and emphasis on its products, services and employees. Tyco understands that their growth depends on what policies will be put in place to achieve their goals (Hoopes, 2010). Some businesses need to cut costs, while others need to improve performance, and still others need to increase their profits. Tyco International sold some businesses to revamp others. In 2003, Tyco made a strategic plan that included shedding FuelQuip, which was an Australian company that distributed gasoline in Australia and New Zealand. Their focus was primarily on fire protection and security products and services (Feder, 2003). This was Tyco's Chief Executive, Edward D. Breen's way of undoing some of the work of his predecessor, L. Dennis Kozlowsik. Tactical Planning
Managers at lower levels usually participate in the tactical planning within an organization. re. They are established by upper to mid-level management to be enforced in the different departments or division. Tyco believes that governance, customers, growth, teamwork, operational excellence and financial strength will guide them into a successful future (Tyco, 2010). According to Ed Breen, Tyco's corporate culture is built on the premise that they will draw the best from their employees and that every employee, without exception, is responsible for the conduct and success of the firm. This emphasis on ethical behavior runs throughout the firm – top to bottom. Tyco believes that good governance ultimately depends on the quality of its leadership, and it is committed to recruiting and retaining directors and officers of proven leadership and personal integrity. (Tyco, 2010). Operational Planning
Tactical plans and goals provide direction for a department or division to follow; however, the operational plan sets the standards and schedules necessary to enforce the company's tactical objectives. Strategic planning focuses on the organization as a whole but operational planning focuses on particular supervisors, department managers, and individual employees. It serves as the daily and weekly operation tool. These plans are implement daily and can...
References: Crawford, K. (2005). Ex-Tyco CEO Kozlowski found guilty. CNN Money.com. Retrieved June 5, 2010 from http://money.cnn.com/2005/06/17/news/newsmakers/tyco_trialoutcome/ index.htm
Feder, B. (2003) The Markets: Market Place; Tyco, the Conglomerate, Now Suggests that Less Is More. New York Times. Retrieved June 4, 2010 from http://www.nytimes.com/2003/11/05/business/the-markets-market-place-tyco-the- conglomerate-now-suggests-that-less-is-more.html?pagewanted=1.
Hoopes, R. (2010). Management Planning for Tyco International, Inc. Associated Content. Retrieved June 4, 2010 from
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Tyco. (2010). Tyco- a vital part of your world. Retrieved June 5, 2010 from http://www.associatedcontent.com/article/1137100/management_planning_for_tyco_ international.html?cat=3 http://www.tyco.com/wps/wcm/connect/ tyco+who+we+are/ Who+We +Are/History
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