As an international company, Honeywell encounters some benefits and challenges of globalization. Two key benefits and two challenges will be concerned.
As for benefits, Honeywell can enjoy the scale economies. By producing a large manufacturing volume, it can minimize the average cost of each unit of production. Since Honeywell is a conglomerate company that produces a variety of commercial and consumer products, engineering services, and aerospace systems for a wide variety of customers, from private consumers to major corporations and governments around the world, the scale of its production is large. Therefore, it can enjoy the effectiveness of the production from the large demand of different markets.
In addition, Honeywell can develop …show more content…
“Internationalization business and localization service” is Honeywell’s operational philosophy in Taiwan. The main businesses in Taiwan Honeywell are industrial control systems, industrial instrumentation, house and office buildings monitoring system and air conditioning equipment. The products and businesses are different with other countries. For example: In USA, it has a department called “Federal Manufacturing & Technologies” but it is not existing in …show more content…
Moreover, after researching the difference between the markets, Honeywell can find out the potential business or non-develop markets. It can also boost its long-term operation. Being an international or global company, it needs to improve its competitive ability and high level of understanding the business environment can help a company to perform WELL. Therefore, Honeywell should not change the marketing
As for benefits, Honeywell can enjoy the scale economies. By producing a large manufacturing volume, it can minimize the average cost of each unit of production. Since Honeywell is a conglomerate company that produces a variety of commercial and consumer products, engineering services, and aerospace systems for a wide variety of customers, from private consumers to major corporations and governments around the world, the scale of its production is large. Therefore, it can enjoy the effectiveness of the production from the large demand of different markets.
In addition, Honeywell can develop …show more content…
“Internationalization business and localization service” is Honeywell’s operational philosophy in Taiwan. The main businesses in Taiwan Honeywell are industrial control systems, industrial instrumentation, house and office buildings monitoring system and air conditioning equipment. The products and businesses are different with other countries. For example: In USA, it has a department called “Federal Manufacturing & Technologies” but it is not existing in …show more content…
Moreover, after researching the difference between the markets, Honeywell can find out the potential business or non-develop markets. It can also boost its long-term operation. Being an international or global company, it needs to improve its competitive ability and high level of understanding the business environment can help a company to perform WELL. Therefore, Honeywell should not change the marketing