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 the organization must “Adhere to the highest standards of corporate governance by establishing processes and practices that promote and ensure integrity, compliance, and accountability.” (AllFinancialMatters.com, 2005) The second goal that was considered when the management created a plan was for the customers Tyco wanted to reach and retain. This goal identifies how to achieve this by “Fully