Tyco; Management Planning

1872 Words4 Pages

“Planning activities include analyzing current situations, anticipating the future, determining objectives, deciding in what types of activities the company will engage, choosing corporate and business strategies, and determining the resources needed to achieve the organization’s goals” (Bateman & Snell, 2009, p. 19). The management planning of Tyco International affects the future success of the business. The planning process includes identifying the mission statement and goals of the company. Tyco also analyzes the internal and external influences of legal, ethical, and social responsibilities of the company. In analyzing these affects Tyco will apply strategic, tactical, operational, and contingency plans that can help manage the internal and external influences without affecting the success of the company.

Planning Functions

During the planning process of the function of management Tyco identifies its mission statement as,

To be our customers’ first choice in every market we serve by exceeding commitments, providing new technology solutions, leveraging our diverse brands, driving operational excellence, and committing to the highest standards of business practices - all of which will drive Tyco’s long-term growth, value and success (Tyco, 2011, Mission & Goals, para. 1).

Along with Tyco’s mission statement the planning process also includes setting goals for the company to strive for such as governance, customers, growth, teamwork, operational excellence, and financial strength with flexibility. The mission statement and the goals will aid in Tyco’s success as a global company.

Governance

Tyco’s goal of governance establishes policy and procedures encouraging employees to practice integrity and accountability dealing...

... middle of paper ...

...T.S., & Snell, S.A. (2009). Management: leading and collaborating in the Competitive World (8th ed.). Retrieved February 13, 2011 from https://ecampus.phoenix.edu/content/eBookLibrary2/content/eReader.aspx?assetMetaId=f65d6fdb-d2b7-4710-8429-2e86eeb1129c&assetDataId=2ff3a671-8b6b-4f7d-a5b1-59e8755f8099&assetpdfdataid=a5d9d898-620d-4975-b3af-1957bf8ee4bd.

Lawyershop.com. (2008). Tyco Fraud. Retrieved February 13, 2011 from http://www.lawyershop.com/practice-areas/criminal-law/white-collar-crimes/securities-fraud/lawsuits/tyco

Tyco. (2011). Financial Reports-Annual Reports. Retrieved February 13, 2011 from http://phx.corporate-ir.net/External.File?item=UGFyZW50SUQ9NDEwNjAzfENoaWxkSUQ9NDIwNzY3fFR5cGU9MQ==&t=1

Tyco. (2011). Tyco a vital part of your world. Retrieved February 13, 2011 from http://www.tyco.com/wps/wcm/connect/tyco+who+we+are/Who+We+Are/Mission+and+Goals/

More about Tyco; Management Planning

Open Document