MANAGEMENT INFORMATION

SYSTEMS & CYBER SECURITY

ASSIGNMENT-1

SUBMITTED TO:

DR. RESHMI A RAJAN

SUBMITTED BY:

KARTIKA BHUVANESWARAN NAIR

FM-1912

MBA 18 BATCH B
 INTRODUCTION

Honeywell International Inc. is an American publicly traded, multinational

conglomerate headquartered in Charlotte, North Carolina. It primarily operates in
four areas of business: aerospace, building technologies, performance materials
and technologies (PMT), and safety and productivity solutions (SPS).

Honeywell is a Fortune 500 company and was ranked 92nd in 2019. The company
has a global workforce of approximately 110,000 workers, with approximately
44,000 employed in the United States. The current chairman and chief executive
officer (CEO) is Darius Adamczyk.

The company's current name, Honeywell International Inc., is the product of a

merger in which Honeywell Inc. was acquired by AlliedSignal in 1999. The
company headquarters were consolidated with AlliedSignal's headquarters in
Morristown, New Jersey; however, the combined company chose the name
"Honeywell" because of the considerable brand recognition. Honeywell was a
component of the Dow Jones Industrial Average index from 1999 to 2008. Prior to
1999, its corporate predecessors were included dating back to 1925, including
early entrants in the computing and thermostat industries.

In 2020, Honeywell rejoined the Dow Jones Industrial Average index, and the
following year moved its stock from the New York Stock Exchange to the Nasdaq.

Mission Statement
At Honeywell, we are blending physical products with software solutions to link
people and businesses to the information they need to be more efficient, more
productive, and more connected. Honeywell (www.honeywell.com) is a Fortune
100 software-industrial company that delivers industry specific solutions that
include aerospace and automotive products and services; control technologies for
buildings, homes, and industry; and performance materials globally. Our
technologies help everything from aircraft, cars, homes and buildings,
manufacturing plants, supply chains, and workers become more connected to
make our world smarter, safer, and more sustainable. The website of the
company is https://aerospace.honeywell.com/en

Vision Statement
To continuously improve the way, we do things so that we can capture greater
value not just for us, but also for our customers.

Values

No one has added Honeywell's values yet.

 BUSINESS GROUPS

Honeywell International Inc. operates four business groups – Honeywell

Aerospace, Honeywell Building Technologies, Safety and Productivity Solutions
(SPS), and Performance Materials and Technologies (PMT). Business units within
the company are as follows:

Honeywell Aerospace provides avionics, aircraft engines, flight management

systems, and service solutions to manufacturers, airlines, airport operations,
militaries, and space programs In July 2014, Honeywell's Transportation Systems
merged with the Aerospace division due to similarities between the businesses. In
April 2018, Honeywell announced to develop laser communication products for
satellite communication in collaboration with Ball Aerospace and plans future
volume production.

Honeywell Building Technologies and Honeywell Safety and Productivity Solutions

were created when Automation and Control Solutions was split into two in July
2016. Honeywell Building Technologies comprises Honeywell Building Solutions,
Environmental and Energy Solutions, and Honeywell Security and Fire. Honeywell
Safety and Productivity Solutions comprises Scanning & Mobility, Sensing and
Internet of Things, and Industrial safety.

Honeywell Performance Materials and Technologies comprises six business units:

Honeywell UOP, Honeywell Process Solutions, Fluorine Products, Electronic
Materials, Resins & Chemicals, and Specialty. Materials. Products include process
technology for oil and gas processing, fuels, films and additives, special chemicals,
electronic materials, and renewable transport fuels.

BUSINESS PROCESS: - HONEYWELL AEROSPACE

Honeywell Aerospace is a manufacturer of aircraft engines and avionics, as well as

a producer of auxiliary power units (APUs) and other aviation products.
Headquartered in Phoenix, Arizona, it is a division of the Honeywell International
conglomerate. It generates approximately $10 billion in annual revenue from a
50/50 mix of commercial and defense contracts. HONEYWELL AEROSPACE and
services are found on virtually every commercial, defense and space aircraft. They
build aircraft engines, cockpit and cabin electronics, wireless connectivity
systems, mechanical components and more, and connect many of them via our
high-speed Wi-Fi offerings. These solutions create healthier air travel, more fuel
efficient and better-maintained aircraft, more direct and on time flight arrivals,
safer skies and airports and more comfortable flights, along with several
innovations and services that reflect exciting and emerging new transportation
methods such as autonomous and supersonic flight.
The business aviation industry relies on Honeywell for state-of-the-art technology,
products, and services they require for safer and more efficient flight operations.
Their systems and components can be found in most major commercial aircrafts,
and as the aviation industry continues to evolve, Honeywell remains at the
forefront with new product innovations.

Honeywell's Aerospace segment to make 36% of $33.5 billion in Honeywell's

2020 revenues, but Process Solutions & Performance Materials segment is key
to the company's revenue growth

• Aerospace segment expected to be the single-biggest revenue driver with

$12.1 billion in revenues (36% of Total Revenues) in 2020.

• Process Solutions & Performance Materials will outperform with $-0.3

billion decline in sales, compared to $-2.7 billion for Aerospace, and $-4.1
billion for HVAC, Safety & Security Products segments between 2017 and
2019.

Honeywell supplies aircraft engines, avionics and related products and services to
original equipment manufacturers (OEM) in the air transport, regional, business,
and general aviation aircraft segments. It also provides spare parts and repair and
maintenance services for the aftermarket (principally to aircraft operators). Some
of Honeywell’s customers are NASA, FAA, USAF, the U.S. Air Force, Department of
Defense and Department of Energy, Boeing, and Lockheed Martin. Honeywell’s
Process Solutions & Performance Materials products are used in the refining,
petrochemical, automotive, healthcare, agricultural, packaging, refrigeration,
appliance, housing, semiconductor, wax, and adhesives end-markets. HVAC,
safety & security products are used by governments, retail consumers and
companies operating in transportation and logistics, manufacturing, healthcare,
warehousing, and security sectors. People dealing with facilities and building
management also purchase the segment’s products.

Honeywell’s Process Solutions & Performance Materials segment offers process

automation for industrial facilities and specialty materials and chemicals such as
hydrocarbon processing technologies, catalysts, adsorbents, fluorine products,
specialty films and additives, advanced fibers and composites, intermediates,
electronic materials and chemicals.
 CULTURE: - HONEYWELL AEROSPACE

Honeywell is globally recognized as a culture that balances accountability and

results with a high value on its people. The people are committed to each other
and to the realization of our vision through their unique job functions. Employee
networks focus on development, provide networking opportunities, and promote
cultural awareness. Honeywell offers employees the opportunity to work on the
world’s most exciting projects, transforming the cities we live in, the buildings
where we work, and the vehicles that move us. Honeywell is commitment to
Integrity and Ethics; Supporting Diversity and Workplace Respect underlie
everything they do. Building on these core values, these behaviors reinforce their
performance culture.

Honeywell maintains a behavior and a culture process to ensure that person(s)

doing work under the control of the organization work, and lead in accordance
with HSEPS (Honeywell Health, Safety, Environmental, Product Stewardship)
Management System requirements.
 ORGANIZATIONAL STRUCTURE: - HONEYWELL AEROSPACE

ENVIRONMENTAL COMMITMENTS: - HONEYWELL AEROSPACE

The Sustainable Opportunity Policy is based on the principle that by integrating

health, safety, and environmental considerations into all aspects of their business,
Honeywell protects its people, communities, and the environment; achieves
sustainable growth and accelerated productivity; drives compliance with all
applicable regulations; and develops technologies that expand the sustainable
capacity of our world. Few of the key take away are as mentioned below.

• Reducing Global Greenhouse Gases

Honeywell is committed to become carbon neutral in its operations and facilities

by 2035. These initiatives represent a continuation of the company’s sustainability
efforts since 2004, which have already driven a more than 90% reduction in the
greenhouse gas intensity of its operations and facilities.
• Boosting Energy Efficiency

Since 2010, the facilities have implemented more than 5,700 efficiency projects
including building automation and controls, lighting, and mechanical upgrades,
saving more than $100M (annualized). They have increased the energy efficiency
by about 70 percent (2004-2020). Honeywell Aerospace has played in shrinking
the industry’s environmental footprint. Honeywell technology helps aircraft
operators become more efficient, reduce fuel consumption and costs, and
minimize CO2 emissions. Honeywell’s unique expertise in connected aircraft
technologies is letting them take fuel efficiency and environmental performance
to a whole new level. The Go Direct suite of flight services and applications gives
aircraft operators the tools they need to improve the efficiency of their
operations. Several of these services and applications are directly related to fuel
economy and emissions management. Honeywell customers saved more than 440
million pounds of fuel with Go Direct Fuel Efficiency. That translates to carbon
emission reductions of 1.4 billion pounds – the equivalent of planting 300 million
trees.

• Conserving Water

They strategically target water conservation projects in areas experiencing “water

stress,” as defined by the World Resources Institute. Since 2011, they have
implemented more than 170 water conservation projects in these areas, saving
over 155 million gallons.

• Reducing Waste
Each of the strategic business units is required to establish annual targets for
reducing hazardous waste and diverting waste from landfills. These targets must
be approved by the CEO.

• Providing a Safe Work Environment

They maintain their company-wide global Total Case Incident Rate or TCIR (the
number of occupational injuries and illnesses per 100 employees) at less than half
of the combined U.S. averages of the businesses in which we operate. At the end
of 2020, the global TCIR was 0.29.

• Responsible Care

The Performance Materials and Technologies (PMT) business is a participant in

the Responsible Care program of the American Chemistry Council. It is a global,
voluntary initiative developed by the chemical industry to drive continuous
improvement in health, safety, and environmental performance, together with
open and transparent communications with stakeholders. Our PMT Headquarters
have been certified RC-14001 by an external ISO registrar since 2005.

• Creating Eco-Efficient Products

The priority on health, safety and environmental protection, both in how they do
their work and in their results. As they invent new tools and solutions, they take
deliberate, strategic steps to improve each innovation’s eco-efficiency. They
evaluate new products according to their ability to:

▪ Reduce the use of natural resources during manufacture and

distribution.
 ▪ Increase the energy efficiency of the product itself, or because of its
use.
▪ Reduce waste production.
▪ Create opportunities to reuse and recycle.
▪ Offer opportunities to use recycled or renewable materials.
▪ Reduce and eliminate classified toxic or hazardous materials.
▪ Be packaged efficiently.

STRATEGY: - HONEYWELL AEROSPACE

The 2020 annual edition of the strategy dossier report analyses the overall
Strategy Focus and provides key insights into the Strategies & Plans being
conceptualized & pursued by Honeywell Aerospace for the near to medium term
horizon. Global Defense Spending has been on a steady upswing since the past
couple of years with the same reaching the highest levels, since the post-cold war
low of 1998, driven by the radical transformation of geopolitical dynamics and
equations with the dismantling of traditional rule-based world order and the
transition away from the typical unipolar world, which had prevailed since the
end of Cold war.

With Honeywell being a conglomerate, it faces competition from different

companies across different sectors, biggest of which have been mentioned below.
Aerospace: Garmin, Thales, Safran and United Technologies Honeywell Building
Technologies: Emerson Electric, Johnson Controls, Schneider Electric and Siemens
Performance Materials and Technologies: Albemarle, BASF, DuPont, Emerson
Electric and Sinopec Safety and Productivity Solutions: 3M, Mine Safety
Appliances (MSA), TE Connectivity and Zebra Technologies

The same has been further exacerbated by the Trump led U.S. administration’s
squandering of the traditional global leadership role which has led to realignment
of relationships with the traditional NATO & other key allies with the mandate to
increase defense spending to 2% of the GDP level. The continued development of
military capabilities by China & the resurgence of Russia as a key regional power
over the years have already induced a shift in the overall U.S. strategy towards
competition with near peer adversaries. This shift in strategic focus entails fast
tracked procurement of systems & hardware to maintain numerical superiority,
rapid development & deployment of next generation capabilities to plug existing
& potential capabilities gaps and to retain the traditional, long standing strategic
capabilities overmatch against adversaries along with continued R&D pursuits to
maintain technological edge.

The defense industrial base across the U.S., Europe & most parts of the world has
been on a renaissance of sorts over the recent years given the rapid
transformation & evolution of geo-political dynamics, ongoing conflicts across
some parts of the world & growing security threats. The modernization & upgrade
of existing systems & hardware and their replacement with proven technologies
and current, off the shelf solutions is providing significant growth opportunities to
the U.S. defense industrial base.
Thus, with acknowledgement of strong external threat perceptions, there is
political consensus on fast tracked modernization, upgrade & replacements,
which have been further corroborated by technological developments by the
industry which are promising next generation capabilities at a workable &
optimized TCO proposition. The global defense industrial base, thus, is looking
forward to a long & much anticipated activity boom with most OEMs
reinvigorating their industrial bases, in line with the age of disruptive
technologies, led by digitalization, additive manufacturing, unmanned &
optionally manned operating capabilities & artificial intelligence, for making the
most of this current phase of demand upswing.

Against this rapidly evolving industry and market backdrop, the report provides a
comprehensive analysis on the company starting with a detailed business and
financial snapshot, incorporating charts, tables and analysis based on latest
financial statements. An insightful & comprehensive SWOT framework analysis is
also provided, which is used extensively for scanning, assessment & analysis of
the internal as well as external business environment of an organization as part of
strategic planning process. The framework generates a snapshot of the company’s
inherent strengths & weaknesses as part of the internal environment assessment
and outlines potential growth opportunities as well as threats as part of the
external environment assessment.
 STRATEGIC INFORMATION SYSTEM FOR HONEYWELL AEROSPACE

Base on the company’s portfolio the means and measure to have competitive
advantage in the market would be to:

• Operations support system: In a firm, data execution is performed by the user

end, which is later processed to generate useful data products and services
like reports, which are utilized by different users. Such a strategy is called
Operation Support. The primary purpose of this system is to keep a check on
transactions, operations, control, supply chain, and supply management. It
also helps to facilitate internal and external talks; product differentiation and it
updates the central main database of the organization. The operation support
system is further divided into three systems which are:
i. Transaction Processing System (TPS)

ii. Process Control System

iii. Enterprise Collaboration System

• Management Support System: Firms require accurate data in a specific format

to understand the decisions of the organizations. Management support system
strategy enables the effective decision and task operation process more
manageable for the managers. They are essentially divided into a different
strategy like management, decision, accounting, and expert information
system. These systems facilitate and provide precise information and data to
the manager for easy routines, decision-making processes. Decision support
system which helps to solve issues related problems. Strategic planning,
 information technology, information management and data collection can aid
the process of data analysis.

SUGGESTIONS FOR STRATEGIC INFORMATION SYSTEM IN HONEYWELL

AEROSPACE

Creating Hurdles for the Entry of a Competitor: In this, a firm uses information
systems to supply products and services that are hard to duplicate or that are
used primarily to aid highly specialized networks of business. This strategy stops
the entry of competitors in the market as they find the cost of giving such services
at a very high price.

Improving Marketing by Generating Database: Information system also gives the

firms and organization an edge over their competition by generating stronger
databases, utilizing big data and product differentiation to enhance their sales
and marketing tactics. It treats existing information as a useful resource. For
instance, a business firm may use its updated databases to monitor the purchase
of the customers and to locate many segments of the market.