TYCO Essay Example | Topics and Well Written Essays - 1250 words

TYCO - Essay ExampleLack of plan will leave leadership and staffs clueless on where the company is headed and what strategies are best get there.In order to highlight these statements, this paper will take a deeper look at planning function of management in Tyco International (Tyco). The first section will be a brief introduction to the communication channel organization in order to fully recognize the issues that it faces. Secondly, this paper will identify and analyze the lawful issues, ethics and corporate responsibility which have a profound push on its planning function. Lastly, it will analyze three factors which influence its tactical, operational, strategic, and contingency planning.Tyco International is is a highly diversified global company that provides thousands of products and services vitally important to residential and commercial customers (Tyco 2008). The business organizations product line is diverse which range from electronic security and alarm monitoring to f ire-fighting equipment and breathing apparatus, and from water civilization and flow control solutions to galvanized steel tubes and armored wire and cable. The company is organized into five business segments namely ADT Worldwide, Fire Protection Services, Safety Products, Flow Control, and electric and Metal Products (Tyco 2008). The operation planning function of management in Tyco has eternally been influenced by the legal issues that can surface from the decision that it makes. It should be noted that cosmos a prominent and one of the largest companies in the world, Tyco faced the legal implications of its actions as it is always under the scrutiny of its stakeholders including the government, its stockholders, and its customers. With its quest in conquering the global business arena by opening up operations in countries all over the world, Tyco maintains its committedness in adhering to the laws and regulations implemented in the geographical regions where it operates. The company has always considered upholding its legal standards through its adherence to the financial reporting standards which is set by the governing bodies. It should be noted that while large companies like Enron and HealthSouth faced legal battles in 2001-2003, Tyco retains its credibility by emphasizing its commitment to report its activities utilizing the preset standards (Tyco International 2008). In this, it can be seen that Tycos initial plan to be sure-fire in its operation by being mindful to the various legal constraints becomes visible. Until now, the legality of the operation of the company and its different processes is a primary concern in its planning activities. Ethics have also been an important part of the culture of Tyco which also becomes a tenet in its long-term and short-term plans. Through its commitment of upholding moral excellence among its directors and leaders, the business organization have had taken actions in order to eliminate dishonesty and abuse o f power. It should be noted that during 2002, Tyco filed federal movement against its former executive president Mark Swartz and corporate counsel Frank Walsh for