Preview

Tyco Management Planning

Powerful Essays
Open Document
Open Document
1444 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Tyco Management Planning
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

You May Also Find These Documents Helpful

  • Better Essays

    efb201lect7in141

    • 2302 Words
    • 11 Pages

    The objectives and policies of the corporation are determined by a board of directors, the members of which are elected at a general meeting of shareholders. The board or directors appoint an executive management group that is responsible for achieving the objectives and policies of the organisation through the management of the day-to-day financial and operational affairs of the company. Executive management is responsible to the board of directors and the board of directors reports to shareholders.…

    • 2302 Words
    • 11 Pages
    Better Essays
  • Good Essays

    Tyco Case Study Essay

    • 885 Words
    • 4 Pages

    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.…

    • 885 Words
    • 4 Pages
    Good Essays
  • Best Essays

    Times have changed and needs have changed. Our customers needs have changed. As the economy grows our customers have more options of who to buy from. Our employees have more options as to which companies to work for. We want to be the company consumers want to buy from and the company that people want to work…

    • 2930 Words
    • 12 Pages
    Best Essays
  • Better Essays

    Organizations are responsible for the legal, ethical, and social issues that affect each stakeholder within the company. These factors continually impact the planning process performed at each level of management. An organization that neglects to establish and monitor plans can become disorganized and ultimately lose control of practices performed throughout the corporation. A prime example of poor planning due to disregard of legal, ethical, and social issues were the executives employed at WorldCom.…

    • 1267 Words
    • 6 Pages
    Better Essays
  • Good Essays

    Business Failure Ldr/531

    • 999 Words
    • 4 Pages

    Tyco International Ltd. is a multi- national company which manufactures products and provide services to customers all over the world. Its products are quite diversified and range from residential and commercial security systems, fire suppression systems, electrical components, firefighter and medical diagnostic equipment, water purification systems, and building construction materials. In 2001 it reported revenues of $ 34 million. At the end of September 2002, Tyco revenues climbed to nearly $35 billion but it also had a loss of $9…

    • 999 Words
    • 4 Pages
    Good Essays
  • Good Essays

    Tyco CEO Dennis Kozlowski worked for the company for 27 years. In the 27 years that Kozlowski worked for Tyco, he along with many other board members and employees looted millions of dollars from the company. In the beginning of his career at Tyco, it seemed that Kozlowski meant well for the company, considering he grew the company from $2 billion, it showed that he wanted to see it be more successful, however at some point, he got greedy.…

    • 861 Words
    • 4 Pages
    Good Essays
  • Good Essays

    Strategy formulation has been acknowledged as one of the most crucial factors of ensuring the long-term growth of the business. However, the manner in which strategy is formulated, and most importantly, the nature of the strategy chosen for the company determines its future position in the marketplace (Grant, 2005).…

    • 1281 Words
    • 6 Pages
    Good Essays
  • Powerful Essays

    Malveaux, J., (2002). Enron serves as wake-up call. Retrieved on September 20, 2005 from http://www.usatoday.com/news/opinion/2002/01/25/ncguest1.htm…

    • 2012 Words
    • 9 Pages
    Powerful Essays
  • Powerful Essays

    In general, the board of directors is a group of elected or appointed members to oversee activities of a company or organization. The board of directors has a fiduciary duty to grow the long-term success of the corporation for the benefit of shareholder, and sometimes for debt holders. The basic fiduciary duty includes: 1) duty of care -duty to make/delegate decision in an informed way; 2) duty of loyalty -duty to advance corporate over personal interests; 3) duty of good faith-duty to be faithful and devoted to the interest of the corporation and its shareholders; 4) duty not to “waste” -duty to avoid deliberate destruction of shareholder value. Generally, the board of directors performs major detail functions as below: 1) provide continuity for the organization; 2) select and appoint a chief executive; 3) govern the organization by broad policies and objectives; 4) acquire sufficient resources for the organization’s operations and to finance the products and services adequately; 5) account to the public for the products and services of the organization and expenditures. The board is corporate governance of the company, which is significant for…

    • 1674 Words
    • 7 Pages
    Powerful Essays
  • Powerful Essays

    Aftermath of Katrina

    • 1387 Words
    • 6 Pages

    There is still a difference between something and nothing, but it is purely geometrical and there is nothing behind the geometry.” Martin Garden”…

    • 1387 Words
    • 6 Pages
    Powerful Essays
  • Good Essays

    Case Study: Tyco

    • 532 Words
    • 3 Pages

    2. Tyco used vignettes to communicate changes in ethical behavior. Write a vignette that could be used by Tyco to assist in overcoming the cultural change barriers that companies like Tyco faced. What international issues might need to be taken into account in writing these vignettes?…

    • 532 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Cause and Effect Essay

    • 684 Words
    • 3 Pages

    Hurricanes usually occurs in the late summer.it mainly occurs in the summer because of the difference between sea temperature and seasonal basin pattern within each distinguished time zone .May is the least active hurricane month and September is the most active hurricane month. Other names for hurricanes are typhoons and tropical depressions.…

    • 684 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    Often companies are led into international and even global markets by burgeoning consumer or customer demands, and strategic thinking is secondary to “filling the next order”. But putting strategic thinking on the back burner has resulted in marketing failures for even the largest companies.…

    • 1184 Words
    • 5 Pages
    Powerful Essays
  • Satisfactory Essays

    Chapter 1 Payroll System

    • 637 Words
    • 3 Pages

    Provide leadership to position the company at the forefront of the industry. Develop a strategic plan to advance the company’s mission and objectives and to promote revenue, profitability, and growth as an organization. It oversees company operations to ensure the production efficiency, quality, service, and cost-effective management of resources.…

    • 637 Words
    • 3 Pages
    Satisfactory Essays
  • Good Essays

    Furthermore, management is entrusted with the responsibility of shaping the business objectives that is in line with the vision of the business, proactive planning for future growth, anticipating and planning for changes in the business environment, administering and controlling business activities and taking account of the business operation and results.…

    • 955 Words
    • 4 Pages
    Good Essays