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Essay on The Organizing Function of Management: Tyco

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The Organizing Function of Management: Tyco
Robert Black
MGT 330: Management: Theory, Practices, and Application
June 21, 2010
Instructor: Tonya T. Moore
University of Phoenix
The Organizing Function of Management: Tyco Organizing is the second function of management, which follows planning. The organizing function of management can be described as the coordination and assembling of a company’s human, financial, physical, informational, and other resources needed to achieve the goals and objectives of the organization (Bateman & Snell, 2009). The organizing function is a continual process and is a vital factor in determining whether a company’s, like Tyco’s, strategy will succeed. The organizational structure of a company will …show more content…

The “Committee” establishes and reviews the effectiveness of procedures concerning the receipt, retention, resolution and treatment of complaints received by Tyco pertaining to accounting, internal accounting controls, or auditing matters (Tyco Electronics, 2009). The “Committee” with the help of the human services department provides employees the capability to make confidential submissions of concerns relating to problematic accounting or auditing matters. The “Committee” review management follow-up practices, including disciplinary action, for any actions of noncompliance (Tyco Electronics, 2009). The “Committee” reviews and approves with management as well as with the senior internal auditor the internal audit charter, scope, responsibilities, plans, budget, staffing, and organizational structure (Tyco Electronics, 2009). The “Committee” will also assess procedures to monitor compliance throughout the company, review any requests for waivers, and make recommendations to the board concerning any waiver sought with respect to any Executive Officer or Director, which was necessary because of the 2002 scandal involving the Chief Executive Officer (CEO). Many believe Tyco was overpaying for acquisitions in which the company spent $63 billion during the former CEO’s time at the company. This put Tyco in debt by $26 million. The

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