Honeywell International Success
Running head: HONEYWELLL INTERNATIONAL INC. | 1 |
Honeywell International, Inc.
Laura L Gurulé
Embry-Riddle Aeronautical University
Author Note
Term Paper for Course MGMT 633 Submitted to the Worldwide Online Campus in Partial Fulfillment of the Requirements of the Degree of Masters of Project Management
Abstract
Researcher: Laura L Gurulé
Title: Honeywell International, Inc.
Institution: Embry-Riddle Aeronautical University
Degree: Master of Science in Project Management
Year: 2012
This paper introduces the reader to Honeywell International Inc. Honeywell is a world leader in the application of lean manufacturing and its Six Sigma Plus processes. With the use of carefully monitored cost standards, net present value in investment decisions, and the transparency of the company’s financial statements are all methods that Honeywell has successfully implemented and utilized to reach and maintain their status as a world-wide competitor. The company has continued its growth, despite the market downturn that began in 2007, and continues to prove its resilience and pioneering spirit by continually improving their product lines, globally expanding their market, and, monitoring and maintaining financial stability. Its forward thinking and willingness to take risk will provide Honeywell the capacity to maintain its role as a major competitor and contributor to the growth and recovery of our economy.
Table of Contents Page Abstract 2 Company Overview 4 Six Sigma and Lean Manufacturing 8 The Use of Standard Costs 11 The Use of Net Present Value 14 Summary 15 References 18
Honeywell International Inc. is an American based advanced-technology company that manufactures aerospace and automotive products; residential, commercial, and industrial control systems; specialty chemicals and plastics; and engineered materials. Its assent into history can be traced back to 1885, spanning 125 years of
Honeywell International, Inc.
Laura L Gurulé
Embry-Riddle Aeronautical University
Author Note
Term Paper for Course MGMT 633 Submitted to the Worldwide Online Campus in Partial Fulfillment of the Requirements of the Degree of Masters of Project Management
Abstract
Researcher: Laura L Gurulé
Title: Honeywell International, Inc.
Institution: Embry-Riddle Aeronautical University
Degree: Master of Science in Project Management
Year: 2012
This paper introduces the reader to Honeywell International Inc. Honeywell is a world leader in the application of lean manufacturing and its Six Sigma Plus processes. With the use of carefully monitored cost standards, net present value in investment decisions, and the transparency of the company’s financial statements are all methods that Honeywell has successfully implemented and utilized to reach and maintain their status as a world-wide competitor. The company has continued its growth, despite the market downturn that began in 2007, and continues to prove its resilience and pioneering spirit by continually improving their product lines, globally expanding their market, and, monitoring and maintaining financial stability. Its forward thinking and willingness to take risk will provide Honeywell the capacity to maintain its role as a major competitor and contributor to the growth and recovery of our economy.
Table of Contents Page Abstract 2 Company Overview 4 Six Sigma and Lean Manufacturing 8 The Use of Standard Costs 11 The Use of Net Present Value 14 Summary 15 References 18
Honeywell International Inc. is an American based advanced-technology company that manufactures aerospace and automotive products; residential, commercial, and industrial control systems; specialty chemicals and plastics; and engineered materials. Its assent into history can be traced back to 1885, spanning 125 years of
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