Tyco International: Management Planning AnalysisTraditionally, along with leading, organizing and controlling, planning is one of the main functions of management. As a function, planning must answer five questions: where the company wants to go, why it wants to go there, how it will get there, what is needed to get there, and finally, how it will know when it has achieved its objective. In this article, I will explore how Tyco International, Ltd. used the planning function to recover from a scandal and start building a new future again. Planning, however, is the foundation that defines a company's goals; factors such as ethics, technology, legal issues and social responsibilities that can have direct effects on strategic, tactical and contingency planning. Tyco International is a large global multinational corporation that manufactures a wide variety of products including electronic components, fire systems, security systems. healthcare systems and products. Some of their main markets are municipal and industrial water treatment, emissions monitoring systems and hydropower generation. Tyco reported net income of 14.50 billion for fiscal 2004; however, in early 2002 the company began to collapse. Questions were raised about the company's accounting practices, leading to a criminal investigation against its former CEO, L. Dennis Kozlowski, Chief Financial Officer, Mark Swartz, and Chief Legal Counsel, Mark Belnick. They blatantly stole over $170 million from the company through loans made to themselves without shareholders' knowledge and granted themselves numerous lavish perks. Swartz and Kozlowski found guilty of 22 counts of fraud and theft...... middle of paper ...... great weight must be given to these factors during various phases of the planning process. Established strategic, tactical, operational and contingency plans could mean the difference between failure and success for companies like Tyco.Works CitedJorgenson, B.2005. Do the right thing – the right way. Electronic Business, June 2005, 16-18.SEC.2005. "Complaint: SEC against L. Dennis Kozlowski, Mark H. Swartz and Mark A. Belnick". 02/16/2005. Tyco's Edward Breen: When leadership means firing senior management and the entire board: Knowledge@Wharton (http://knowledge.wharton.upenn.edu/article.cfm?articleid=1317)Tyco International, Ltd. http://www.tyco.com/livesite/Page/Tyco/Who+We+Are/Mission+and+Goals/?Varchaver, N. and Levinstein, J. (2006). What does Ed Breen think? Fortune, 153(6), 54-59.