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Tyco 2 - ethical and social responsibilities As those...

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Among the important actions carried out by management, planning is the first needed to lay the foundation and goal a company will pursue. From a business standpoint, goals are set in association with what stand as the organization’s overall mission. Tyco’s mission statement states, “To be our customers’ first choice in every market we serve by exceeding commitments, providing new technology solutions, leveraging our diverse brands, driving operational excellence, and committing to the highest standards of business practices - all of which will drive Tyco’s long-term growth, value and success.” (Tyco, 2010). The greatest way of achieving such goals, calls for management to define the greater strategic, tactical, operational, and contingency plans that would best serve the organization while keeping in mind of the influencing legal,
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Unformatted text preview: ethical, and social responsibilities. As those important factors, should weigh heavily upon the management overseeing all five of Tyco International divisions. Strategic Planning Mostly handled by upper management, strategic plans involve the making of decisions regarding the organizations long-term goals. Strategic goals include establishing measures to observe company growth in profit, return on investments, market shares, productivity, quantity with quality, and customer satisfaction. Overall, these goals can range of up to three years or more to reach. In some cases, the pressures of survival could press an organization to achieve strategic goals in as little as a year and if fortunate enough, meet the goals with success. A good example of which Tyco International experienced during 2004, following a very rough year as the...
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