Use of Strategic Planning
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Use a real life example of when senior management must create new strategic plans in order to address a legal, ethical, or corporate responsibility issue. What differences are there in the planning done at different levels of management. Why and how the various plans must be integrated. How might the new strategic planning have impacted the planning done by mangers throughout the company?
In preparation of this assignment use Tyco company.
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Solution Summary
This posting discusses the use of strategic plans for addressing legal, ethical or corporate responsibility. A real life management example is used to illustrate.
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STEP 1
Senior management must create new strategic plans in order to address a legal, ethical, or corporate responsibility issue when the credibility of the senior management is at stake and this leads to a break down in authority of command. In TYCO the company first needed to disassociate itself from Dennis Kazlowski. He had been found guilty of misappropriating millions of dollars from Tyco. This required a restructuring of the business. To improve corporate responsibility and accountability the company is not organized into the following divisions, fire and security, electronics and healthcare, engineering products and services. In addition, during the current year, Tyco sold its Plastic & Adhesives unit.
The strategic plan is to break down the remaining divisions into three different entities.
STEP 2
Why did Tyco have to undertake strategic planning after the debacle of Kazlowski? There was ...
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