Tyco's Management Planning

Tyco's Management Planning

Management: Theory, Practice and Application

MGT 330

November 09, 2009

Abstract

This paper will explain the management planning process for Tyco International. Legal issues, ethical issues, and the planning process will be discussed and evaluated. Outside and inside influences will also be discussed as well as the effect they have on the planning process. This paper will also analyze factors that influence Tyco’s strategic, tactical, operational, and contingency planning.

Tyco's Management Planning

Tyco International, Ltd was originally founded in 1960 by Arthur J. Rosenburg, Ph.D. Tyco was originally opened as a research laboratory for the U.S. government and became Tyco International in 1962. Over the years, Tyco International has transformed its business into manufacturing of industrial parts. In 2006, Tyco Board of Directors agreed to separate the company’s business portfolio into three separate companies: Tyco Healthcare (now known as Covidien), Tyco Electronics and Tyco International. On June 29, 2007, Tyco International’s final transformation into five separate business segments took place. Tyco International is now composed of: ADT Worldwide, Fire Protection Services, Safety Products, Flow Control and Electrical & Metal Products (Tyco, 2009). 

Functions of Management

The planning function of management entails setting goals and objectives and creating a plan to achieve those goals and objectives. Management uses four levels of planning: strategic, tactical, operational, and contingent. Strategic planning, done at the senior level of management, creates the long-term goals of the company. Tactical planning, done at the middle level of management, entails more specific goals and uses a shorter time line than strategic planning. Operational planning, done at the lower level of management, is more defined and is used on a day to day basis. Contingency planning is the company’s alternative or backup plan. All...