...Management Planning Paper MGT/330 7/23/2012 Tony Balchunas Management Planning Paper While evaluating the planning functions of management of Tyco International Ltd.whom is the leader of electronic security products and services including fire protection and valve controls, also including analysis of the influence that the legal issues, ethics, and corporate social responsibility have on management planning. Detailed analysis of the factors that influence Tyco’s strategic, tactical, operational and contingency planning. Tyco International Ltd is composed of three different companies wrapped into one business. ADT which is the leader in home and business security services, fire and security products and services, and flow control. All of the three businesses within Tyco are responsible for supplying and servicing their customers globally. As Tyco International Ltd has soared to be the leader in business, management has planned the functions that will help their company remain on top of their competitors. The mission and goals that Tyco has set forth is what drives the company to be successful. Management of Tyco has a mission set for the company to abide by, which is to be their customer’s first choice in every market (Tyco.com). Tyco also believes in serving customers by exceeding commitment, driving operational excellence, and having the highest standards in business practices. Tyco has developed governance that allows the business to fully understand and exceed the...
Words: 954 - Pages: 4
...Tyco International Ltd is a global company currently operating in 60 countries and more than 100,000 employees worldwide. The chairman and Chief Executive Officer of the company, Edward D. Breen joined Tyco in 2002. Tyco is the leading provider of electronic security products and services, fire protection and detection products and services ,valves and controls (Tyco International Ltd, n.d., para. 1) The company was founded in 1960 by Arthur J. Rosenberg and acquired a bulk of the business through acquisition through a period of 1973-2001. The company has made more than 200 acquisitions in the past eight years. The company was first listed on the New York stock exchange in 1974. Tyco not only believes that providing excellent services to the customers but that the company should practices and ensures integrity, compliance, and accountability to all parties involved in the success if the business. A company as large as Tyco International has to put much thought into the management, and the planning aspects of the business. The company operates all over the world and the company has to adapt to the different cultures and business ethics of each Country. Tyco not only operates its own business but also manages other companies. Tyco has six goals the company seeks to achieve. Governance, Operational Excellence, Growth, Financial Strength, and Flexibility, Teamwork, Culture, and Customers. Tyco has exceeded its commitment in all of these areas and believe that it has assisted in the...
Words: 1012 - Pages: 5
...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 affiliates. Tyco Beginning With a Ph. D. from Harvard, Arthur Rosenburg had a research laboratory in Waltham, Massachusetts and did experimental work for the government. Two years later in 1960, Arthur Rosenburg founded Tyco in 1960 and based in Pembroke, Bermuda. Rosenburg assembled a team of top researchers and Tyco developed high-tech products. Tyco International Ltd., together with its subsidiaries provides security products and services, fire protection and detection products and services, values and controls, other industrial products, electronics and healthcare products to customers worldwide. One of its best known subsidiary is ADT Worldwide, which designs, sells, installs, services and monitors electronic security systems for residential, commercial, industrial and governmental customers”...
Words: 1047 - Pages: 5
...Tyco management planning Tametrius Walker MGT/230 October 18,2011 Terrell Kennard Tyco management planning Tyco International Ltd. is an extremely well recognized company worldwide, which provides fundamental products and services to clients in over 200 countries around the globe. These services range anywhere from electronics, security, and fire prevention; to healthcare products like disposable medical supplies, and monitoring equipment (Tyco International, Ltd., 2007). Tyco International Ltd. is a reproduction of complicated and new manufacturing and service and without doubt one of todays trade leaders. Tyco employs 250,000 people worldwide (Tyco International, Ltd., 2007). It is very important for higher-ranking management to create new strategic plans in order to address legal, ethical, or corporate responsibility issues when the credibility of the higher-ranking management is at risk and this will direct to a break down in the ability of control. In Tyco, for example, the corporation first needed to disassociate itself from its CEO because he had been on the wrong side of the law of pocketing millions of dollars from Tyco (BBC News, 2002). This required a shake-up of the business. To enhance the business liability and responsibility the company is now well thought-out into the next division, fire and security, electronics and healthcare, engineering products and services. In addition, throughout the existing year, Tyco sold its Plastic & Adhesives unit. The...
Words: 1108 - Pages: 5
...Management Planning Paper MGT/330 March 29, 2010 Abstract This paper will provide readers with a history of Tyco International Ltd. while evaluating the planning function of the organization. We will be identifying the social responsibilities which impact what they have on the management planning function. This paper will also review the three factors which influence the company’s strategic, tactical, operational and contingency planning. In conclusion, the reader will be more aware of Tyco and how the planning functions made this company what it is today. Tyco is a name many consumers recognize with quality, excellence, and trust. Management Planning Paper With more than 100,000employees worldwide and serving customers in over 60 countries, Tyco International Ltd is a well diversified company. Founded in 1960 by Arthur J. Rosenburg, Ph.D.. Arthur started a research laboratory while conducting research for the government. In 1962, Tyco Laboratories was incorporated and its focus was on high-end materials and energy producing products for the commercial sector. Today Tyco is composed of five business segments: ADT Worldwide, Fire Protection Services, Safety Products, Flow Control, and Electrical and Metal Products. With these five business segments, Tyco wants to be the first choice for it’s customers in every market. With exceeding commitments, technology solutions, diverse brands, driving operational excellence and committed to offering its customers...
Words: 1098 - Pages: 5
...Tyco's Management Planning Melissa Dinges MGT/230 December 01, 2014 Steven Friloux Tyco's Management Planning Tyco International Ltd. is a company that has two major business sections security systems and fire protection and it is located in Switzerland, but has its operational headquarters in Princeton, New Jersey. Tyco International Ltd. was founded in 1962 and became incorporated in 1962. (Wikipedia, the free encyclopedia, 2014) It has been around for quite a few years and seen the ups and downs of business and has learned from it and bounced back. A major thing that the company has learned is that it has to have a management plan to stay in business and to be successful. This plan has to also encompass the company’s mission statement and ethics. Tyco’s mission statement is “We will increase the value of our company and our global portfolio of diversified brands by exceeding customers' expectations and achieving market leadership and operating excellence in every segment of our company.” (AllFinancialMatters.com, 2005) Management Planning Planning is looking ahead and calculating the future course. It is a preparatory step that determines what the company wants to attain, and also incorporating the company’s goals in the plan. Tyco has a few different goals depending on what factors you are discussing. In the planning process there are three goals that factor into management planning. The governance goal deals with practices and policies. It states that...
Words: 1477 - Pages: 6
...Tyco International Ltd. is global company that provides important products and services to customers in more than 60 countries around the world. Tyco employ more than 100,000 employees worldwide, Tyco is a leading company providing electronic security products and services, fire protection and detection products and services, and valves and controls (Tyco, 2011). The mission and goals of Tyco is providing quality service to its customers by providing new technology solutions, operational excellence, and providing the highest standards of business practices, which will drive Tyco’s long-term growth (Tyco, 2011). Tyco seek to achieve governance; to abide by the highest governance by setting up practices to ensure compliance and accountability. Tyco make sure to fully understand and meet customer’s needs, focus on ways to increase growth, builds on the business reputation and will a company of choice, implement best operating practices, and making sure all financial matters of the company are met. Tyco feels that governance will help the company to put in measures that will encourage staff members to ensure that the integrity of the company shows in the work and the distribution of Tyco products (Tyco, 2011). In order to remain successful Tyco’s must use methods of placing policies within the departments, so that staff members will know what is expected from them. These policies will state the exact task of each staff member to ensure a positive image of the company. Lacking...
Words: 999 - Pages: 4
...TYCO PLANNING TYCO International Ltd. is a leading provider of electronic security products and service, fire protection and detection products and services, and valves and controls. TYCO is also a globalized (in more than 60 countries) and very diverse company, which requires great management to operate efficiently. Of the four main functions of management, planning is the function that comes first and is needed to lay out the foundation and goals a company will pursue. TYCO’s mission statement states, "We will increase the value of our company and our global portfolio of diversified brands by exceeding customers' expectations and achieving market leadership and operating excellence in every segment of our company" (Tyco, 2004). Some of TYCO’s goals include: governance, customers, growth, teamwork, culture, operational excellence, and finance strength and flexibility, and the best way for them to achieve these type goals is through management. They must define strategic, operational, tactical, and contingency plans to serve the organization in the best way possible. While doing this management must also keep in mind the legal, ethical, and social responsibility influences there are on that organization. TYCO management of all four divisions of TYCO should keep in mind all of these factors. Strategic Planning Strategic planning usually involves decisions regarding the long term goals of an organization, and is predominately handled by upper management. Strategic goals...
Words: 1300 - Pages: 6
...Management Planning Paper Artrina Towner University of Phoenix MGT/330 August 16, 2010 Don Driscoll Management Planning Paper Tyco International Ltd is a diversified, global company that provides vital products and services to customers in more than 60 countries. With more than 100,000 employees worldwide, Tyco is a leading provider of security products and services, fire protection and detection products and services, valves and controls, and other industrial products. Tyco vision is to be the customers’ first choice in every market they serve by exceeding commitments, providing new technology solutions, leveraging their diverse brands, driving operational excellence, and committing to the highest standards of business practices. Tyco strive to adhere to the highest standards of corporate governance by establishing processes and practices that promote and ensure integrity compliance and accountability. They understand and exceed their customers’ needs, wants and preference to provide greater value to their customers. Tyco focus on strategies to achieve organic growth targets and deploy cash for growth and creation. They build on the company reputation and image internally and externally while driving initiatives to ensure Tyco remains an employer of choice. Operational excellence implement best in class operating practices and leverage companywide opportunities and best practices. The financial strength and flexibility, ensures that revenue...
Words: 1188 - Pages: 5
...According to the Tyco website, Tyco originated as a Tyco Laboratories a United States government research laboratory company. Today Tyco has three independent companies: Tyco Healthcare, Tyco Electronics, and Tyco International consisting of five different business segments. Flow Control, Electrical and Metal products, Fire Protection Services, Safety Products, and ADT Worldwide are the five business segments under Tyco International’s umbrella. Tyco is a vertical structure with levels of hierarchy. The board members and top management are responsible for governing its’ mission and goals while ensuring the organization’s five principles are enforced. Tyco expects each employee to strive for excellence and work as a team. Tyco’s leadership team directs employees to be innovative, openly communicate, and continue to improve their skills. The company focuses on equality and fair treatment for employees. Management and staff are accountable for their actions and work performance. Tyco promotes safety in the workplace. Tyco protects each location by the companies anti-violence, drug and alcohol free workplace policy. Tyco promotes individual and corporate integrity, each person including leaders are to uphold the organization’s standards of integrity with each other, customers, and other stakeholders (Tyco, Peoples & Values, 2010). Vertical structure is the most common business structure; however, many organizations are restructuring their organizations. The restructuring makes...
Words: 1142 - Pages: 5
...University of New Hampshire Honors Thesis in Accounting Kristin Kennedy ADMN 799 Professor Le (Emily) Xu Fall 2012 Table of Contents I. II. III. IV. V. VI. VII. Background……………………………………………………………........1 a. What is accounting and what role does financial reporting serve?..........1 b. History of accounting standards………………………………………..2 c. Role of auditing………………………………………………………...5 Fraud……………………………………………………………………….6 a. Two types of fraud……………………………………………………..6 i. Misappropriation of Assets…………………………………….7 ii. Misrepresentation of Financial Statements…………………….7 b. Fraud Triangle………………………………………………………….8 c. What to look for in a fraudster…………………………………………9 Past Cases of Fraud……………………………………………………….10 a. WorldCom…………………………………………………………….11 b. Tyco International Ltd………………………………………………..15 c. Adelphia Communications Corporation…………………………....…17 Sarbanes-Oxley Act of 2002………………………………………...…....20 a. Analysis of SOX: Costs vs. Benefits…………………………………34 i. Interview of...
Words: 14962 - Pages: 60
...the correct corporate strategy can provide prosperity for a company while a poor strategy can result in dire consequences. The study also highlights how factors such as company size, economic conditions, competition, and corporate culture influence the development and the ultimate success of the business strategy. AMP Incorporated was used as the basis for this case study. AMP Incorporated is a global company that specializes in electronic and electrical connectors. The company, which was started in 1941, quickly grew into the world’s largest manufacturer of connector and interconnection devices. But in 1998, the company’s stock fell, resulting in a hostile takeover bid by Allied Signal and the eventual purchase of the company by Tyco International. History of AMP Founder of AMP Born in Lincoln, Kansas in 1900, Uncas Aeneus Whitaker grew up in a tiny southwestern town in Missouri. He was named after the hero of James Fenimore Cooper’s classic tale, The Last of the Mohicans. In the fall of 1941, Whitaker would start his quest to live the legacy of a hero by taking over a small firm called Industrial Manufacturers in Elizabeth, New Jersey. Industrial Manufacturers was a producer of solderless electrical terminations for the aircraft and shipbuilding industry. Prior to World War II, terminations of electrical conductors were accomplished by twisting wires together by soldering, brazing, or wrapping them around screws. U. A. Whitaker, an electrical engineer by trade...
Words: 6773 - Pages: 28
...HAROLD F. HOGAN, JR. Tyco International On October 6, 1995, Tyco International, a diversified U.S. conglomerate, received some very unflattering news. A respected investor monitoring organization, the Council of Institutional Investors (CII), had included the firm in its list of the 20 worst-performing S&P 500 companies. CII generated its list annually, based on a mechanical formula that calculated total shareholder returns over a five-year period.1 One commentator described the annual rankings as “the corporate equivalent of being put on the school detention list.”2 The choice of Tyco as one of the 20 culprits was quickly challenged. Tyco’s own management described the result as an artifact arising from an abnormally high share price during a narrow window at the start of CII’s measurement period. Robert Monks, head of Lens, Inc., an activist money management firm and former member of Tyco’s board of directors, also took exception to the report. In a letter of protest to the executive director of CII, Monks asserted that based on his own experience, he believed Tyco was a responsible company fully committed to enhancing shareholder value. He wrote: “On balance we conclude that this is a first-rate company successfully adding value in the difficult mode of a conglomerate. Our criteria [for evaluating] companies ultimately is—what can we, as informed and effectively involved owners, do to enhance value? Our answer in the case of Tyco is—virtually nothing. What...
Words: 11234 - Pages: 45
...www.smartlabelsUSA.com THE 5th The Global Resource for RFID and Beyond Smart Labels, Smart Packaging & Printed Electronics Global Conference * Free Trade Fair * Master classes * Free Vendor Seminars * Networking Dinner 27-29th March Boston www.smartlabelsusa.com Welcome to Smart Labels USA 2006, informing and delivering the many applications of RFID smart labels. For enquiries contact Nicola Bateman n.bateman@idtechex.com or call + 44 (0) 1223 813703 www.smartlabelsUSA.com Now in its 5th Year Smart Labels USA - the must-attend RFID event of the year - is back in Boston, bigger and better than ever before. The Smart Labels world-series of events by IDTechEx provides renowned, independent, global-reach RFID information and solutions through conferences, masterclasses, seminars and trade expositions. The Smart Labels series address how RFID and allied technologies are developing and being used in the U.S and around the World. Smart Labels USA is the biggest global event uniquely drawing Executive Level Representatives from the LABEL, PRINTING, PACKAGING, CONVERTING and USER market, teaching; RFID impact on businesses across a wide range of applications such as retail, manufacturing, healthcare, airlines and airports, passenger transport, archiving… RFID implementation – experience from the experts Manufacturing RFID smart labels Cutting edge RFID smart label technologies RFID Market growth – what’s in it for you? In 2006, almost three times the volume...
Words: 1276 - Pages: 6
...detect material frauds. The intent of this thesis was to look at the fraudulent factors associated with several recent corporate frauds and compare them to the standards set by SAS No. 99. Through the analysis conducted, this thesis looks at the relationships between pressures, opportunities, and rationalizations made during the act of fraud. Table of Contents ABSTRACT ii INTRODUCTION 1 Sarbanes – Oxley Act of 2002 (SOX) 1 Statement of Auditing Standards Number 99 (SAS No. 99) 4 Parts of the Fraud Triangle 5 Types of Fraud 11 INSTANCES OF FRAUD 13 Enron Corporation 13 Adelphia Communications Corporation 17 AOL Time Warner, Inc. 20 Bristol-Myers Squibb Company 25 Global Crossing Limited 27 K-Mart 30 Tyco International, Ltd. 34 WorldCom 37 HealthSouth Corporation 41 CONCLUSION 45 Appendix: SOX Titles and Sections List 48 Works Cited 52 INTRODUCTION Between the years 1998 and 2002, the United States suffered a time in which several large companies engaged in...
Words: 11749 - Pages: 47
