... I choose United Technologies Corporation to begin the analysis of the company. As a part I of the analysis, an overview of the company, SWOT analysis, identification of the internal and external stakeholders, description of the company’s wants and needs, and discussion of how the company handles stakeholder’s needs are discussed. Headquartered in Hartford, Connecticut, United Technologies Corporation is ranked 44th in 500 Fortune list in 2011 (Fortune 500, 2011). United Technologies comprises of seven large companies; Pratt & Whitney, Otis, Carrier, Sikorsky, UTC Fire & Security, Hamilton Sundstrand, and UTC Power. Respectively, their products and services are aircraft/space shuttle engines, elevators and escalators, heating and air conditioning, helicopters, fire and security systems, aerospace systems, and power fuel cells (About UTC, 2011). United Technologies is a billion-dollar company. Last year, it revenue was 54.33 billion dollars, net income was 4.3 billion dollars, and the numbers of the employees are 208,200 in all over the world (UTX company profile, 2011). SWOT (Strengths, Weaknesses, Opportunities, and Threats) analysis is an important tool to identify main attributes of a company in these categories. United Technologies’ strengths are diversified and balanced product portfolio and large geographic diversification. With seven companies operated under United Technologies, the product portfolio is largely diversified. By market type, United Technologies...
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...University March 18, 2012 Experience with change In today’s business world there will always be change. If each and every corporation does not keep up with the changes they will not survive. Look at the company of United Technologies Corporation (UTC). They are continuously changing. They are either selling part of their company or even better they are buying out other companies. They are always looking to outsource and find the most economical way to build their products. They look to see how they can consolidate the factories and move different product lines to factories they feel they can close. According to (Bloomberg Business week, 2006, January 30) globalization has been brutal to the mid-western states. This is why I am living in AZ now. UTC had moved their repair facility to Phoenix AZ. There were many people that lost their jobs and or had to relocate. To strive in this new world one has to be flexible. UTC is proposing the acquisition of another large company name Goodrich. This change will only make UTC a stronger Corporation. “UTC expects that their 2012 earnings per share of 0 to 4 percent from continuing operations including Goodrich.” United Technologies (2012, March 15, para. 1). In turn when the announcement was made that they were making the acquisition of Goodrich, they also made the announcement that were going to be selling off their Industrial businesses. These businesses include Pratt & Whitney Rocketdyne, Clipper wind power, Milton Roy, Sullair and Sundyne...
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...Value Chain Analysis United Technology Aerospace Systems Value Chain Analysis United Technology Aerospace Systems United Technologies Corporation (UTC) is a multinational conglomerate organization that covers aerospace, building, and industrial systems, with over $64B in net sales (Our business at a glance, 2014). Each business is a “separate” company under the UTC these business entities are: Sikorsky, UTC Building and Industrial systems (Carrier, Otis Elevators, Kidde), and UTC Propulsion and Aerospace System (Pratt & Whitney, UTC Aerospace Systems [UTAS]). The company that I am selecting to use for the Sustainable Solutions Paper is UTC Aerospace Systems (UTAS), which is a subsidiary of the UTC with $13.3B in sales (Our business at a glance, 2014). It is a comprised of several different acquired businesses Hamilton Sundstrand and Goodrich. UTAS is a larger supplier to commercial and engine and airframe manufacturers. UTAS uses a just in time (JIT) inventory model; therefore, a disruption in the supply chain can have catastrophic effects on cost and schedule of a particular product line. The core business of UTAS depends upon its value chain, to ensure that it not only maintains a competitive edge, but that it is able to increase the amount of profit from their products. The value chain which consists of marketing, logistics, productions (or operations), aftermarket, which is similar to Porter (1985) concepts. Effectively, value chain...
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...Hamilton Sundstrand Organizational Change Project Leadership and Organizational Behavior Joseph Plumley 12/13/2010 Hamilton Sundstrand is a global corporation that designs, manufactures and supports aerospace and industrial products for worldwide markets. It is a subsidiary of United Technologies Corporation headquartered in Windsor Locks, Connecticut, US. UTC provides a broad range of high-technology products and support services to the building systems and aerospace industries. Recently, the corporation has been ranked number one in the Aerospace and Defense industry rankings on Forbes Most admired companies list. Among other business units of UTC are Carrier Corporation, Otis Elevator Company, Pratt & Whitney, Sikorsky Aircraft, UTC Fire & Security and UTC Power. Hamilton Sundstrand roots all the way back to 1905. From the early days, the company's legacy product includes machine tools for manufacturing, early aircrafts parts and a unique 10-key adding machine before calculator was available. The company provided propellers for United States and the allies in World War II with rapid production to meet the department of defense needs. The company has about 16, 400 employees located at 150 facilities in 20 countries around the world with key focus on expanding their operation in emerging nations. To maintain their comparative and absolute advantage in vast aerospace technological field the company spends nearly $1 billion a year on engineering and development...
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...Secretary of Defense Corporate Fellows Program FINAL REPORT UNITED TECHNOLOGIES CORPORATION Lt Col Clyde M. Woltman, USMC June 2002 TABLE OF CONTENTS Table of Contents I Introduction ii Chapter 1…United Technologies Corporation The Sectors…Corporation Overview 1 Corporate Strategy, Culture, Environment 2 “Most Admired”…A UTC Legacy 2 Chapter 2…Pratt & Whitney Organization 3 Strategic Planning Process 3 Road Maps 4 Transformation 5 “The Great Engine War” 6 Leaness 7 ACE 8 Competition…Lessons Learned? 10 Chapter 3…Maintaining the Edge Leadership Challenge…Transforming Culture 14 Growth…The Key to the Future 14 “Re-inventing the Business” 15 Enterprise Resource Planning Initiative 16 Strategic Approach to Managing Human Resources 19 Employee Services 20 Chapter 4…For DoD Lean Thinking in DoD 22 Achieving Competitive Excellence in DoD 22 Outsourcing…”Keeping Our Core Competencies in House 23 Employee Education 23 Life After the Military Service…Improving the Odds 25 Adages of Human Resources 25 Bibliography 26 INTRODUCTION Assignment Overview I was assigned as a Secretary of Defense Corporate Fellow to Pratt & Whitney Corporation, one of the six principal Sectors of United Technologies Corporation (UTC). My initial assignment with Pratt was to the F135 Joint Strike Fighter (JSF) Engine Program at the Military...
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...1. Introduction My topic will deals with the aeronautics industry and especially planes and helicopters in the world. Through my last experience in Eurocopter-EADS, I discover the aeronautics industry as a complex web and as an important economic factor. This industry also reflects the economic and technological progress of an entire country. Contrary to others industries like automobile, there is only few manufacturers which deals with an international market with many different segments. 2. Market The market is divided in two major distinct parts: civilian and military, plus the kind of aircraft (exhibit 1). Politics and government is major stakes in this industry, especially on the military side. The expenditures are programmed by government and they also support the promotion abroad. Before each command, it is usual that head of state meet before signing a contract on planes or helicopter, as the case between France and his competitor for the Brazilian air force. Each contract takes several years to be complete more the time to build up the product. The current economic situation has a strong impact on aeronautics companies, even if commands books are full for several years, some cancelation thus development delays deeply impact their economic situation, For the civilian side the tendency for the transportation of people or goods by plane suffer from a decrease of activity. On the military side, it seems that more the economy decrease, the more military industry...
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...1. Introduction * Background: * The International Integrated Reporting Council(IIRC) established a Consultation Draft(CD) of the first Integrated Reporting Framework. * * Purpose: * Provide the definition of IR& its main purpose. * Select two guiding principles of IR & analyze the relationship between guiding principles and the main purposes of IR. * 2. Definition & main purpose of IR * * 2.1 Definition: A concise communication about how an organization’s strategy, governance, performance, and prospects, in the context of its external environment, lead to the creation of value over the short, medium, and long term (Busco et al. 2013, p.35) * * 2.2 Main purposes * Provide the stakeholders with high-quality information → allocate capitals more effectively (International; Integrated Reporting Council 2013). * Enhance accountability & stewardship for the broad base of capitals (International; Integrated Reporting Council 2013). * Help to make decisions that concentrated on value creation in short, medium and long term ( International; Integrated Reporting Council 2013). * 3. Guiding principles * 3.1 Strategic focus and future orientation * 3.1.1 Main focuses: An integrated report should include strategies of the company & the relationship between the company’s ability to create value and these strategies (International; Integrated Reporting Council 2013)...
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...The military industrial complex is a theme thoroughly explored by the makers of Why We Fight. This complex is key to answering how our military has expanded. The military industrial complex can be described from one angle as, “Any set of relationships between military policy and industrial production” (Ball, “What is the Military-Industrial Complex?”). Major wars in the 20th century produced the need for a large American military force and arms industry, thus a complicated relationship between our military and purchase of weapons began. In Why We Fight, Senator John McCain helps us understand the same concern President Eisenhower expressed over the military industrial complex as when, “…priorities are set based on what benefits corporations...
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...Harvard Business School 9-389-005 rP os t September 15, 1988 Skil Corporation op yo On March 23, 1979, Emerson Electric Company acquired Skil Corporation, a manufacturer of portable power tools, for $58 million. With sales of $2.6 billion in 1979, Emerson Electric produced a broad range of electrical and electronic products and systems. Emerson Electric Company Emerson Electric, originally a manufacturer of electric motors and fans, had gradually expanded into a broad range of consumer and industrial products. It classified its businesses into commercial and industrial components and systems; consumer goods (including portable electric tools); and government and defense products (see Table A). Table A Sales and Pretax Income of Emerson Electric by Business Segments ($ millions) Sales $1,380 698 176 (20) tC Commercial and industrial Consumer Government and defense Intercompany sales 1978 Pretax Income $201 123 21 1979 Sales Pretax Income $1,570 865 199 (20) $232 141 24 Source: Company annual reports No Emerson’s business units manufactured products principally in electrical and electronic fields, such as electric motors, controls, drives, and heating, ventilating, and air conditioning equipment. The company also manufactured power chain saws, gas cutting and welding equipment, vacuum cleaners, bench power tools (which it sold to Sears), and other consumer goods. Do With a stated goal...
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...Chapter 14 Global banking Transnational Corporation (TNC) or Multinational Corporation (MNC) - It is a corporation which maintains its headquarters in one country but performs production, marketing, finance, and personal functions within many other countries. - The owners of such corporations are the highly industrialized countries of the world like United States, Great Britain, France, Germany, and Japan. Transnational Banks - International finance institutions which do their business in many countries of the world. - These are special types of transnational corporations whose field of specialization is global banking or international finance. - Their customer are primarily the transnational corporations, governments (mostly developing countries), and rich individuals. Development of Global Banking - Colonial empires, mostly European countries like Great Britain, France, and Spain, established the branches or offices of their financial institutions in their colonies in order to facilitate trade. For instance, during the British colonial empire, banks were put up in their colonies to conduct foreign exchange operations and to supply short-term funds to both exporters and importers. And as trade expanded, banks grew in number. In fact, the British banking system even reached the shores of our country during the Spanish time. - Since England is the cradle of the Industrial Revolution, it started the factory system of production. This...
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...countries. They dump garbage and hazardous waste in developing countries. First World companies might also build plants, which emit considerable pollution, in Third World nations to avoid the regulations these companies would face at home. Some transnational corporations that produce chemicals deemed overly dangerous in the First World find a market in the Third World. There, governments cannot restrict usage of these chemicals because it would be too costly to citizens trying to make a living. Countries in Latin America, Eastern Europe, Africa, and Asia are the greatest victims of this environmental inequality. In addition to problems created by development and industrialization, poorer nations also suffer environmental difficulties caused by poverty and war, among other causes. Many environmental problems arise in the Third World. Air pollution, water pollution , deforestation, desertification, soil erosion, and poisoning of the environment are among the largest of these. Third World nations are aware of these problems and are working to solve them. The United Nations and other international organizations have looked into preventing foreign companies from dumping waste in developing nations, making transnational corporations pay for the pollution they produce, and enlisting the First World in helping to clean up...
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...novels offered proselytizers of the old values new forms of communication. The End of Reconstruction Reforms in the South seemed unlikely in 1877 when Congress resolved the previous autumn’s disputed presidential election between Democrat Samuel Tilden and Republican Rutherford B. Hayes on the backs of the nation’s freed blacks. A compromise gave Hayes the presidency in return for the end of Reconstruction and the removal of federal military support for the remaining biracial Republican governments that had emerged in the former Confederacy. With that agreement, Congress abandoned one of the greatest reforms in American history: the attempt to incorporate ex-slaves into the republic with all the rights and privileges of citizens. The United States accepted a developing system of repression and segregation in the South that would take the name Jim Crow and persist for nearly a century. The freed people in the South found their choices largely confined to sharecropping and low-paying wage labor, especially as domestic servants. Although attempts at interracial politics would prove briefly successful in Virginia and North Carolina, African American efforts to preserve the citizenship and rights promised to black men in the Fourteenth and Fifteenth Amendments to the Constitution failed. Immigration Immigrants entered every section of the country in large numbers except for the South. They settled in northeastern and midwestern cities and on western and midwestern farms. The...
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...The American industrialists changed the faces of American corporations. They aided the United States in becoming economically successful, motivated other businesses to strive more, and provided jobs to lower classes. American industrialists such as Andrew Carnegie, John D. Rockefeller, and J.P. Morgan were more captains of industry rather than robber barons. American industrialists were captains of industry, or industrialists who benefitted society, because they have made the United States more economically successful. For example, during a decline in silver prices, investors were encouraged to trade their silver dollars for gold dollars. The bars of gold stored by the United States Treasury fell to a dangerously low level, and President Grover...
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...Nygaard: Professional Autonomy versus Corporate Control ISSN: 1893-1049 Volume 2, No 1 (2012), pp. 11-26 http://urn.nb.no/URN:NBN:no-30971 Pål Nygaard Professional Autonomy versus Corporate Control Abstract: Professionalism and bureaucracy tend to be understood as incompatible systems of work organization, represented by the ideals of collegiality and autonomy versus control and supervision. I present a historical case study from early 20th century Norway examining the potential clash between efforts made toward professionalization and bureaucratization in industry. Based on my findings, I argue that there is neither an inherent conflict between professionalism and bureaucracy nor static national trajectories at the level of professional versus bureaucratic work organization. Keywords: professionalism; bureaucracy; engineers; engineering; history; transnational Pål Nygaard Centre for the Study of Professions, Oslo and Akershus University College of Applied Scineces Contact: Department of Innovation and Economic Organisation, Handelshøyskolen BI, 0442 Oslo, Norway Pal.Nygaard@ bi.no Page 11 For a long time, theories on professions brought forth the contention of an inherent conflict between professionalism and bureaucracy, contributing to a division between the sociology of professions and organizations. During the past decade, various scholars have contested both the argument of conflict and the fruitfulness of division (Bourgeault, Hirschkorn, & Sainsaulieu...
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...age, business has been extended to over the world. Transnational corporations are products of globalization. Corporations are small groups who have the power to decide how to run their companies and influence other people. This group works together to serve many kinds of objectives. Corporations wish to be seen just like a normal person. For example, a kind old man, or young, energetic and outgoing. “Everyone believes the corporations have their own belief and politics.” (Achba and Abbott 2004) The modern corporation has come from the old industrial age. “The modern corporation has grown out of the industrial age. The industrial age began in 1712 with an Englishman named Thomas Newcomen invented a steam driven pump to pump water out of English coalmine, so the English coalminers could get more coal to mine rather than hauling buckets of water out of the mine.” (Achba and Abbott 2004) Because this steam driven pump was invented, productivity improved. Each worker could make more steel, more textiles and more automobiles per hour. Now, corporations’ systems are mainly the same, producing sophisticated products today. By technology sharing and powerful shipping, transnational corporations became the most important part of global business. In economic globalization, transnational corporations have a competition advantage in the marketplace. Shipping agencies have great stimulative effect on globalization. United Parcel Service (UPS) is a carrier company that was built by James...
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