Among the important actions carried out by management planningis the first funct

Among the important actions carried out by management planningis the first function needed to lay out the foundation and goals acompany will pursue. From a business standpoint goals are set inassociation with what stands as the organizations overall mission.Tycos mission statement notes We will increase the value of ourcompany and our global portfolio of diversified brands by exceedingcustomers expectations and achieving market leadership andoperating excellence in every segment of our company. (Tyco.com2004 1). The most excellent way of achieving such goals calls formanagement to define the greater of strategic tacticaloperational and contingency plans that would best serve theorganization while keeping mind of the influencing legal ethicaland social responsibilities. As those important factors shouldweigh heavily upon the management overseeing all four of TycoInternational divisions.