Abstract

Honeywell International is a diversified company dealing in aerospace products and services, control technologies, automotive products, power generation systems, speciality chemicals, fibres, plastics and advanced materials. The company faces many risks - marketing risks, operations risks, environmental risks, political risks, regulatory risks, intellectual property risks, litigation risks and financial risks. Honeywell is one of the few companies which practice integrated risk management. The case outlines the risks and the mechanisms Honeywell employs to deal with the risks it faces.

Learning Objectives

The case is structured to achieve the following Learning Objectives:

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Keywords

Honeywell International, Risk management, Enterprise risk management, Environmental risks, Operations risks, Aerospace products, Marketing risks, David M Cote, Transportation, Power systems, Risk, Political risks, Regulatory risks, Litigation risks, Intellectual property risks