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Tyco Management Essay

1064 words - 5 pages

Management Planning Paper
Tyco
Maria Mc Fadden
MGT/330
BSHS/University of Phoenix
December 20, 2011
Mr. Patrick Bliss

Management Planning Paper Tyco

Management Planning
Management Planning is a process that starts from the time an organization begins to develop their mission and goals. Management Planning identifies what goals the company wants to achieve. Legal and ethical issues are affecting management and the way an organization wants to grow. Applying the strategic method of management planning Tyco has developed a well-rounded, ethical, and moral way of conducting business that they not only expect of themselves but also other suppliers and organizations that Tyco ...view middle of the document...

The board together with management is responsible for establishing the organization is operating values and code of conduct and for setting strategic directions and policies” (Tyco, 2011).
Tyco International experienced corporate scandal in 2002, because of mismanagement and the improper use of the company’s money by the former CEO Dennis Kozlowski he was convicted in 2002 on twenty-two of twenty-three counts he faced” (Verschoor, 2006). Due to the legal scandal, Ed Breen took over as CEO and began the process of ethical reform by reconstructing the company’s Ethical Code of Conduct. Breen, (2003), wrote in a message to the management and staff “Our commitment to the highest standards of integrity begins with ensuring that everyone across the Tyco organization understands our core values-values that define how we conduct ourselves- both as employees and decision-makers” (Breen, 2003). The core values of Tyco have a large impact on the decisions. Tyco’s Code of Ethics are based on this quote from the guide to ethical guide “Commitment to Ethics at Tyco, “At Tyco, we are committed to doing the right thing in all aspects of our business. This requires that all of us, every day, exhibit an unwavering dedication to the highest ethical standards. Over the past few years, we have worked diligently across our organization to reinforce the fundamental premise that every employee carries a share of the responsibility for the conduct and success of our company bases their core values around Integrity, Excellence, Teamwork, and Accountability.”

Influences on Tyco Planning
One of the main factors that influence Tyco planning is that they are diversified, global company that provides vital products and services to customers in more than 60 countries around the world. Tyco is a leading provider of electronic security products and services, fire protection and detection products and services, valves and controls, and other industrial products. Tyco has revenue of more than $17 billion; Tyco has approximately 102,000 employees from three different business segments: Tyco Security Solutions, Tyco Fire Protection, and Tyco Flow Control. (Tyco at a Glance, 2011)
Tyco’s Mission is so that their “customers’ first choice in every market they 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...

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