Tyco Management Planning

Powerful Essays
Tyco Management Planning
Neltresia McLellan
Management: Theory, Application and Practice
Daniel Boose
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



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 Mertens, J. (2007). When a Hurricane Hits. Officer.com. Retrieved June 4, 2010 from http://www.officer.com/print/Law-Enforcement-Technology/When-a-Hurricane- Hits/1$34892 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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