Management Planning Paper
Management Planning Paper
While evaluating the planning functions of management of Tyco International Ltd.whom is the leader of electronic security products and services including fire protection and valve controls, also including analysis of the influence that the legal issues, ethics, and corporate social responsibility have on management planning. Detailed analysis of the factors that influence Tyco’s strategic, tactical, operational and contingency planning.
Tyco International Ltd is composed of three different companies wrapped into one business. ADT which is the leader in home and business security services, fire and ...view middle of the document...
Tyco International's Board of Directors oversees the direction of business, and is responsible for the management, the interests of the shareholders, and corporate relations. The Board selects top management, oversees financial reporting and legal compliance, creates Tyco's governance principles and implements its governance policies. In conjunction with the Board, management is responsible for maintaining Tyco's operating values and code of conduct, and for setting strategic planning.
Tyco International Ltd has an Office of Ombudsman to oversee all of its internal and external compliances are met. In 2006 Tyco promoted Maria Hernandez to be the Ombudsman for the company. The Ombudsman is an independent, impartial and confidential resource for employees, suppliers, customers, and shareholders to raise and address compliance concerns and to ensure that all compliance issues are investigated and resolved (Tyco.com). The Office of Ombudsman helps decrease legal and ethical issues that may arise from poor management decisions, poor policy, or unfair business practices. This office helps protect the company, consumers as well as suppliers in an ethical or legal or social obligation that Tyco is involved in and will try to make all affected parties whole. In the past Tyco was faced with dealing with its own internal legal issues. The former CEO Dennis Kozlowski and CFO Mark Swartz were accused and charged with grand larceny and falsifying records (New York Times.com). Tyco has since changed their image and reputation. Tyco has focused most of its philanthropic investment in three strategic focus areas that are critical to its stakeholders and communities around the world: Life Safety, Youth Achievement, and Environment and Clean Water (Tyco.com).
Tyco's influence on the way they function strategy, tactical, operational and contingency planning, is created by top management. Elements of the business that makes these factors successful are implemented as a guide for all employees of Tyco. Core values have been put into place to help the companies employees operate and function under the same goals in mind....