Business

Planning Function of Management in Tyco

Bryan Date

University of Phoenix

MGT/330

Tyco International is a global company that provides customers with products in security and services, fire protection and detection, valves and controls, and many other industrial products. They distribute to more than 60 countries and have more than 100,000 employees. The planning function of management is probably the most important part of this business to build growth and drive sales.

Tyco’s management planning consists of several goals; governance, customers, growth, teamwork and culture, operational excellence, and financial strength and flexibility. Each one of these plays a big part in Tyco’s success. Governance will bring policies and direction for employees to ensure integrity within the company. This will ensure the employees maintain the company’s image in the highest standards. Tyco understands how important the customer is and knows what they want and need. They understand that if they cannot provide customers with the services or products they need, they will go elsewhere; on the other hand if they tell a customer they can provide a service that isn’t in their policies, the customer will lose faith and distrust in the company. Tyco’s growth depends on management planning. Depending on what type of growth, such as expanding the company, improving products, or providing valuable training for their employees will determine what strategies to focus on and where to invest money. Tyco is a firm believer in teamwork and culture to build on its reputation and image. This must be done both externally to their customers, but also internally to their employees to make sure Tyco provides the products and services that are expected of them (Tyco, 2010). Tyco incorporates the best operating practices in its products, services, and its employees. Operations are the core of the business and make the business flow. Lastly, financial strength and flexibility is...