International Business at United Technologies Corporation (UTC)

International Business at United Technologies Corporation
Name
Institution of affiliation

International Business at United Technologies Corporation
The United Technologies Corporation (UTC) is an international aerospace company that was enacted in Delaware in 1934. The founding of the enterprise can be attributed to Frederick Rentschler, who had the passion and commitment to making better airplane engines. During his service in the Army Signal Corps, Fredrick worked as an inspector of the engines at the Pioneer Wright-Martin Aircraft Company (United States Securities And Exchange Commission, 2015). He worked his way to the presidency of the company, and he was frustrated with the firm’s direction of short-term profitability. Consequently, in 1924 Fredrick resigned to start his company that focused on building powerful air-cooled engines targeting the U.S. Navy market. Through collaborations with entrepreneurs and engineers, Rentschler established the Pratt and Whitney Company that provided aircrafts for the US military. Through federal incentives, the business started to grow, leading to Rentschler forming an alliance with William Boeing, who had begun building plans in 1916 (United Technologies , 2014). Consequently, the Boeing 40A that started as a fighter and later commercialized as a mail carrier was developed. During this time, Rentschler made use of subcontractors to keep up with the demand. Due to the success experienced by Pratt and Whitney and the Boeing, the entities formed a holding company named United Aircraft and Transport Corp. in 1928. The Corporation soon became the largest aviation developer and among the most profitable businesses in the world. The growth of the company can be attributed to the internal development of the existing businesses, mergers, and acquisitions. Currently, UTC is a renowned developer of high technological solutions to the construction and aerospace sectors globally. Additionally, it has expanded in many countries and has been able to maintain sales and customer satisfaction (UTC Aerospace Systems , 2013). The following discussion analyzes the aspect enables the UTC to uphold an active presence in the international market.
Business Description
The corporation is made up of the various constituents that offer different services and products globally. The division of responsibilities has enabled the company to specialize and make business more effective in all sectors. Each segment follows a general operating autonomy in accomplishing its duties (United States Securities And Exchange Commission, 2015).
UTC Climate, Controls, and Security. The branch develops technology concerned with heating, ventilations, air conditioners, refrigeration systems, and controls. Additionally, it provides energy-saving solutions for real estate, industrial, businesses, and transportation sectors, firefighting equipment and control systems, disaster alert systems, and security expert packages.
Pratt and Whitney. The segment specializes in commercial, military, business jet and public transportation aircrafts. Also, it develops secondary power sources and plane parts as well as services for concerning these systems.
UTC Aerospace Systems. The services offered in the air travel products and subsequent services after purchase include electric power production, flight and engine management systems, intelligence and surveillance, engine parts, environmental conservation, fire safety measures, propeller systems, and aircraft interior servicing, landing and electronic systems.
Sikorsky. The branch is concerned with military and commercial choppers and airplane aftermarket parts and services.
Otis. The branch focuses on the building industry. It is involved in the production and servicing of elevators, escalators, moving walkways. It is the world’s largest elevator and escalator developer. Otis also deals with the installation and services for its products. The division develops a variety of low, medium, and high-speed escalators and moving walkways for a range of passengers’ customer bases. It also offers updates used to upgrade the technologies in use as well as their upkeep and repair. Otis offers services to both commercial and residential property industries globally. Sales are made straight to the user or through sale by third-hand parties.
The business description presents a variety of ventures that are carried out by the UTC. Diversification of products increases the customer base and subsequently increases the profit sources of the corporation. Additionally, the nature of business involves the line from manufacturing, marketing, servicing, and aftermarket follow-ups in all branches. Such an approach ensures that the products can rely on the company to meet all the needs that involve a particular product. Fundamentally, the availability of aftermarket services builds confidence on the use of the company products. The aspect that various divisions are specialized in performing different functions ensures that a particular product is developed to meet the highest level of quality. The sharing of technological knowledge among the branches is a form of competitive advantage that makes the items and services produced superior to those of rival companies. Conclusively, the business description gives insight to the management structure of the corporation. Developing a branch to focus on manufacturing and offering specialized services independently gives the company an opportunity to exploit the creativity that exists among the employees.
The Way United Technology Works Internationally
As the UTC continues to grow on an international level, financial performance, and corporate responsibility is the key complementary drivers. The corporation celebrates and encourages volunteerism in the workforce to create a positive impact in the communities around the world. Employees are encouraged to share their knowledge of global commerce to create cultural awareness to appreciate the diversity within the company (UTC, 2014). Additionally, students are motivated to pursue careers in science through mentors from the organization.
The company employees uphold integrity in all matters by working according to the Code of Ethics and the important values that guide how business is carried out. UTC has built a reputation internationally from customers, partners, and stakeholders on the merits of how it performs the business, as well as the quality of technology it offers. Operating on an ethical basis in accordance with applicable laws and regulations of various jurisdictions is critical to the sustainability of the corporation (Peng , 2013). The management remains vigilant in the company’s pledge to undertake the purposeful activities by providing workers with the required training and materials that strengthen the integration of trust, respect, and integrity in their performance (UTC, 2014).
United Technology works internationally with a commitment of making communities and the world better through the partnerships with leading nonprofit entities that are focused on areas that are essential to the company’s business and stakeholders. For instance, UTC participates in joint ventures to promote sustainable building practices, offering education to the next generation engineers and scientists, honoring and enhancing the lives of veterans and their relatives, and supporting the health of the communities that company operations are carried out (UTC, 2014). The company has almost 500 individuals working as ethics and compliance officers, ensuring that the over 211,000 employees around the world uphold the organization’s Code of Ethics and commitment to undertaking the right things (United Technologies , 2014).
In its undertakings globally, the company is committed to reducing the environmental impact caused by some of its products, the operation, and the supply chain. Additionally, the corporation guarantees there are safe work environments that ensure the lifelong learning for the workforce. All products are compliant to the eco-friendly recommendations. Fundamentally, the company aims to meet the set carbon limits by coming up with improved technologies that are less dependent on organic fu...