Tyco International

Tyco International

John Thomas

MGT 330

July 12th, 2011

Jay Gargas

Tyco International

Within all companies large or small, planning is an integral part of success and growth. Tyco International is a worldwide leader in security services, fire protection, and flow control for commercial and residential customers. There are many factors that Tyco’s management must take into account when developing their strategic, tactical, operational, and contingency plans. Some of the key factors can include ethical, legal, and corporate responsibility which can independently or as a whole all have major effects on the direction Tyco takes as a company.

Planning Function of Management

Tyco International operates in over 60 countries with over 100,000 employees. For a company this large, planning becomes even more important to ensure the company’s goals are being met. With so many tentacles to the organization, proper planning strategies keep all divisions of management on the same page, which means a more focused approach in reaching their ultimate goal as a whole. The main function of planning within Tyco has been to focus their efforts into six major groups that the company firmly believes will strengthen their opportunity for success. These functions are governance, customers, growth, teamwork, operational excellence, and financial strength, all which Tyco firmly believes to be the backbone of their planning strategy (Hoopes, 2008).

Governance is vital to Tyco’s success because it keeps all employees focused and moving in one direction. It clearly tells all employees what is expected of them and the policies that will be put in place to develop accountability and future success. Tyco has also determined that their customer’s satisfaction is exponentially important. Because their customer’s needs can range and ultimately be very different, they must find ways to continually adapt and meet each customer’s unique requests or risk the loss of their business. This can...