Introduction and Tyco History
This paper discusses the successful management planning of Tyco International Ltd. (Tyco) and the factors that influence the company strategic, tactical, operational and contingency planning. Founded in 1960 when Arthur J. Rosenberg, Ph. D. opened a research laboratory to perform experimental work for the government. Rosenberg incorporated the business as Tyco Laboratories in 1962. At this time the focus was changed to "high-tech materials science and energy conversion products for the commercial sector" (Tyco History, 2007). The company went public in 1964 and in 1965 Tyco began to acquire other companies to fill the gaps in the development and distribution networks. This resulted in Tyco's direction changing to manufacturing industrial products (Tyco History, 2007). Today, "Tyco is a model of sophisticated and innovative manufacturing and service employing 250,000 worldwide" (Tyco History, 2007). Domiciled in Bermuda for tax purposes, Tyco preserves its operational headquarters in West Windsor, New Jersey.
Tyco International Ltd., as the company is known today, is a diversified manufacturing and service company, with five operating groups (Tyco, 2006) They are:
*Tyco Fire and Security - This group generates approximately 31% of total revenues, and is the world leader in the design, manufacture, monitoring, installation, and service of fire detection, protection, and suppression systems in addition to being the world leader in electronic security services.
*Tyco Electronics - Accounting for 28% of total revenues, this group is one of the world's largest suppliers of electronic components, with a top position in inert electronic components as well as also one of the world's leading suppliers of undersea fiber-optic networks and services.
*Tyco Healthcare - With 23% of the company revenues, this group manufactures and distributes a broad range of medical devices and supplies, counting sutures and surgical staplers, electrosurgical devices, needles and...