09 Mar Strategic Management
9586Discussion Post Respone
Review your classmates’ answers:
Find an Executive Overview, posted by a classmate, for which you did not entirely understand the conclusions or strategic direction for the company and one that you completely agreed with.
Ask a question or make a suggestion to your classmate on how to improve his or her overview.
Executive Summary
Honeywell is an innovative invention company that invented products that are sure to be in your home or workspace. These products span four areas: aerospace, home, and building technologies, performance materials, technologies, and safety and productivity solutions. Honeywell began in 1885 when an inventor named Albert Butz invented a furnace regulator and alarm. It was what we would recognize as a thermometer with a clock underneath it (Honeywell, n.d.).
Honeywell has evolved into a dynamic industry prompting other companies like General Electric and 3M to compete. General Electric Company operates through its industrial segments, power, renewable energy, aviation, and healthcare. 3M operates through safety and industrial, transportation and electronica, and healthcare (Yahoo Finance, 2022). To rise above their competition, Honeywell must act on several strategic elements. For starters, having a solid vision and mission statement will let customers and stakeholders know what the company’s goals are. Another tool would be to conduct a SWOT analysis of their internal and external strategies. This would assist them in excelling within their company and against their competitors. This paper outlines a few key SWOT analysis for Honeywell.
This paper will also address the strategic analysis of Honeywell. Reviewing their most recent press releases and the pros and cons of their actions. Honeywell is constantly developing technology to advance sustainability efforts across different industries. “A bad sustainability record will hurt any firm in any market, jeopardize its standing in the community, and invite scrutiny by regulators, investors, and environmentalists” (David, David, & David, 2019, p. 307). Honey has a great approach to the sustainability of its brands. I would like to see Honeywell succeed.
References
David, F. R., David, F. R., & David, M. E. (2019). Strategic Management Concepts and Cases. Upper Saddle River.
Honeywell. (n.d.). The history of Honeywell. Honeywell. Retrieved from https://www.honeywell.com/us/en/company/our-history
Yahoo Finance. (2022). GE & 3M. Yahoo Finance. Retrieved from https://finance.yahoo.com/quote/GE?fr=sycsrp_catchall
Our website has a team of professional writers who can help you write any of your homework. They will write your papers from scratch. We also have a team of editors just to make sure all papers are of HIGH QUALITY & PLAGIARISM FREE. To make an Order you only need to click Ask A Question and we will direct you to our Order Page at WriteDemy. Then fill Our Order Form with all your assignment instructions. Select your deadline and pay for your paper. You will get it few hours before your set deadline.
Fill in all the assignment paper details that are required in the order form with the standard information being the page count, deadline, academic level and type of paper. It is advisable to have this information at hand so that you can quickly fill in the necessary information needed in the form for the essay writer to be immediately assigned to your writing project. Make payment for the custom essay order to enable us to assign a suitable writer to your order. Payments are made through Paypal on a secured billing page. Finally, sit back and relax.
About Writedemy
We are a professional paper writing website. If you have searched a question and bumped into our website just know you are in the right place to get help in your coursework. We offer HIGH QUALITY & PLAGIARISM FREE Papers.
How It Works
To make an Order you only need to click on “Order Now” and we will direct you to our Order Page. Fill Our Order Form with all your assignment instructions. Select your deadline and pay for your paper. You will get it few hours before your set deadline.
Are there Discounts?
All new clients are eligible for 20% off in their first Order. Our payment method is safe and secure.