Mgt 330 - the Management Planning of Tyco

The Management Planning of Tyco

MGT 330

The Management Planning of Tyco

Management planning is a major function in the planning process. For any business or organization, the decision-making or planning process is a vital key to its success. This could not be truer for Tyco International. Tyco International, founded in 1960 by Arthur J. Rosenburg, Ph.D., was originally created as a research laboratory to manage experimental U.S. government projects. The business was incorporated as Tyco Laboratories in 1962, and its focus turned to high-tech materials science and energy conversion products for the commercial sector (Tyco International Ltd, n.d.). After becoming a publicly owned company in 1964, Tyco decided to switch to manufacturing industrial products after acquiring other manufacturing companies in 1965. Today, Tyco International is one of the leading manufacturing companies in the world, providing products and services to customer in over 60 countries, and has more than 100,000 employees worldwide. This paper will evaluate the management planning function of Tyco International and how legal issues, ethics, and corporate social responsibilities influence their management planning. It will also analyze three factors of Tyco International’s strategic, tactical, operational, and contingency plan.

Planning Functions of Management

According to Bateman and Snell (2009), plans are the actions or means the manager intends to use to achieve goals, (Chapter 4 Planning and Strategic Management). Tyco International goals or believes are that governance, customers, growth, teamwork/culture, operational excellence, and financial strength & flexibility will lead to long-term growth and success. Governance for Tyco means to set policies and procedures that will set the tone for what is expected from the company as well as its employees. This means that the

The Management Planning of Tyco

company will adhere to the policies created while being accountable on the promises that were made. Tyco’s customers and growth means to exceed not only at knowing but also at providing their wants and needs unlike the competition. This also means with more customers comes growth. Tyco has to convince the customer that they could not get their wants and needs met better with any other company. Once they do this they have the potential for future growth. Teamwork and culture for Tyco means making sure the company’s image and reputation are upheld internally and externally while continuing to be a choice for employers. This means the way that employees conduct themselves at work should continue when they leave because they still represent Tyco. Doing this will continue to make