Running head: MANAGEMENT PLANNING PAPER
Management Planning Paper
Management Planning Paper
Tyco International is composed of five business segments: ADT Worldwide, Fire Protection Services, Safety Products, Flow Control, and Electrical and Metal Products. Tyco is a diversified global company that provides a range of products and services to residential and commercial customers. Those products range from electronic security and alarm monitoring to fire-fighting equipment and breathing apparatus, and from water purification and flow control solutions to galvanized steel tubes and armored wire and cable (Tyco International, 2009). Tyco was founded in 1960 ...view middle of the document...
Tyco thrives to make sure the company’s image remains positive so they are the first choice for customers and employees. Despite the negativity that can arise from legal or ethical issues and corporate social responsibility Tyco remains in the positive lime light.
At Tyco legal issues and ethical issues can have a huge impact on the company. The type of business that they have does not allow them any room for error especially because one of the fields they specialize in is home security. If something should happen with the malfunctioning of a security alarm that lead to legal proceedings it could potentially damage Tyco’s career. Legal issues and ethical issues are not good in the line of work they offer. Tyco has to make sure that nothing goes out into the community that would make customers think twice about their service or remaining a customer of theirs. Negative media can ruin a company’s corporate social responsibility. Tyco also wants to make sure that they remain ethical in all their practices. For example, it would be unethical for Tyco to offer security alarms in certain neighborhoods and not in others. Social expectations would be that they offer security alarms to all neighborhoods and if they did not do so they would not be fulfilling their ethical responsibilities. Although, legal, ethical, and social responsibility can affect Tyco other factors can influence their decision making and planning methods.
Tyco’s strategic, tactical, operational, and contingency planning can be affected by other factors. If Tyco developed a strategic plan which involves making decisions about the company’s long term goals it can be affected by technology (Bateman & Snell). For example, if Tyco planned to launch a new security system that was going to bring them in more money and the technology was not available on time to do so. By the technology not be available would make Tyco’s strategic plan have to be changed or revaluated. The strategic plan one of the beginning phases of planning for an organization. If challenges are found in a company’s strategic plan it affects the tactical and operational plan also. Innovation can affect the strategic, tactical, and operational functions by bringing new ideas to the table on how things can be done. Innovation allows...