“Planning activities include analyzing current situations, anticipating the future, setting objectives, deciding what types of activities the company will engage in, choosing strategies corporate and business objectives and determining the resources needed to achieve the organization's objectives” (Bateman & Snell, 2009, p. 19). Tyco International's management planning impacts the future success of the company. The planning process includes identifying the company's mission and goals. Tyco also analyzes the internal and external influences of the company's legal, ethical and social responsibilities. In analyzing these effects, Tyco will apply strategic, tactical, operational and contingency plans that can help manage internal and external influences without compromising the company's success. Planning Functions During the management function planning process, Tyco identifies its mission as, To be our customers' first choice in every market we serve, exceeding our commitments, providing new technology solutions, leveraging our diverse brands, promoting operational excellence and committing to the highest standards of business practices – all of which will drive Tyco's long-term growth, value and success (Tyco, 2011, Mission & Goals, para. 1). Along with Tyco's mission statement, the planning process also includes defining goals for the company to strive for, such as governance, customers, growth, teamwork, operational excellence, and financial strength with flexibility. The mission statement and goals will contribute to Tyco's success as a global company. Governance Tyco's governance objective establishes policies and procedures that encourage employees to practice integrity and responsibility by addressing...... half of document ......TS, & Snell, S.A. (2009). Management: Leading and Collaborating in the Competitive World (8th ed.). Retrieved February 13, 2011, from https://ecampus.phoenix.edu/content/eBookLibrary2/content/eReader.aspx?assetMetaId=f65d6fdb-d2b7-4710-8429-2e86eeb1129c&assetDataId=2ff3a671-8b6b-4f7d-a5b1-59e 8 755f8099&assetpdfdataid=a5d9d898 - 620d-4975-b3af-1957bf8ee4bd.Lawyershop.com. (2008). The Tyco Fraud. Retrieved February 13, 2011, from http://www.lawyershop.com/practice-areas/criminal-law/white-collar-crimes/securities-fraud/lawsuits/tycoTyco. (2011). Financial reports-Annual reports. Retrieved February 13, 2011, from http://phx.corporate-ir.net/External.File?item=UGFyZW50SUQ9NDEwNjAzfENoaWxkSUQ9NDIwNzY3fFR5cGU9MQ==&t=1Tyco. (2011). Tyco is a vital part of your world. Retrieved February 13, 2011, from http://www.tyco.com/wps/wcm/connect/tyco+who+we+are/Who+We+Are/Mission+and+Goals/