Honeywell states on their home page: “We believe what happens tomorrow is determined by what we do today.” Through various sources, the mission statement changes somewhat; however, considering the vastness of the company’s endeavors, this one line seems to encompass them all. It also seems to define the overall statement the best.
Contents
Table of Contents
1 Introduction
2 Vision
3 Core Values
- Integrity and Ethics
- Inclusion and Diversity
- Workplace Respect
4 Slogan
5 Headquarters
6 Apple Mission Statement History
7 References
Introduction
What we know today as Honeywell was founded in 1885 but under a different name. Back then, the Minneapolis company was called Butz Thermo-Electric Regulator Co. The company was sold and renamed a few times. First renamed to Electric Heat Regulator Co. In 1906, Honeywell Heating Specialty Co. Incorporated was formed by Mark Honeywell, an engineer who specialized in plumbing and water heating devices. Honeywell decided to merge with Heat Regulator Co., and they were named Minneapolis-Honeywell Regulator Co. in 1927.
The bones of the company are old but extremely innovative from the start. The inventor, Albert Butz, patented the alarm and the furnace regulator. What we know today as a “thermostat” was created and known as a “damper flapper.” By 1916, the first electric motor was patented.
It all came together…
Once the amalgamation of the various companies occurred, Honeywell became the largest producer of high-quality jeweled clocks. W.R. Sweatt was appointed the chairman, with Mark Honeywell himself as the president of the company. And in 1969, thousands of Honeywell parts were used in the making of stabilization and control systems for the Apollo 11 mission to the moon.
In 1999, Honeywell was sold to AlliedSignal, as Honeywell became a brand that was coveted by many. In this acquisition, the Minneapolis company headquarters was moved to Morristown, New Jersey. The newly merged companies continued their never-ending quest for innovation.
For the next 20 years, Honeywell would buy natural gas, oil, chemical, and tech companies. In 2019, the company made another move and relocated its headquarters to Charlotte, North Carolina.
Always ahead of the curve…
A look into the history of the company shows that whenever there are big changes in the world, Honeywell adapts and stays ahead of the curve, continuously offering solutions to problems as they arise.
For Reference
| Name | Honeywell International Inc. |
| Industries served |
|
| Geographic areas served | Worldwide |
| Headquarters | Charlotte, North Carolina, United States |
| Current CEO | Darius Adamczyk (Chairman & CEO) |
| Revenue | $34,6 Million (Fortune 500, 2021) |
| Profit | $5,5 Million (Fortune 500, 2021) |
| Employees | 103,000 (Fortune 500, 2021) |
Vision
“We have been innovating for more than 100 years – and now we’re creating what’s next.”
To summarize their scope, may shed some light on what to expect from Honeywell:
In aerospace
Honeywell strives to create fuel-efficient aircraft with safety in mind, in the air and on the ground. They are found on most aircraft in any industry imaginable.
Construction innovation
The company has maximized energy efficiency and innovation in more than 10 million buildings for more than 100 years and is still keeping up by developing new tech.
Automating industrial facilities
They produce high-quality and performance chemicals and materials in complex factories.
Health and safety
They proudly keep more than half a million workers safe with various technology-driven equipment.
Responsibility
Honeywell heavily encourages employees to engage in philanthropic activities and take their social responsibility seriously. This means that they are actively plowing funds and resources back into their communities.
A huge part of their scope is to promote sustainability and thus continuously increase the efficiency of their offered goods and services.
Ethical compliance
The company runs on an extremely high level of integrity and promises that no corners will be cut for the sake of productivity. Along with this standard comes inclusion and diversity, to employ staff that will offer unique perspectives.
The fact that Honeywell spots and acquires companies that are moving forward rapidly is demonstrated in each of the aforementioned areas. Staying in the past in any area, albeit socially or technologically, is not an option at all.
Core Values
Honeywell has published a complete web page on its statement of principles. In this declaration, it speaks to the following:
Integrity and Ethics
All Honeywell employees are expected to certify their compliance in line with the company “Code of Business Conduct” and are expected to declare if there are any obstacles. “We will walk away from business rather than do business the wrong way.”
Inclusion and Diversity
The company views its goals of inclusion and diversity as a win-win situation. “It’s the right thing to do and because it is a fundamental enabler for our business.” It is the driver of the quality and innovation that pushes the company to new heights.
Workplace Respect
“We enforce a zero-tolerance policy against any form of harassment or discrimination, and our zero-tolerance policy prohibits racism by name.” This statement speaks for itself.
Slogan
The company slogan is known as “The future is what we make it,” but another phrase, “We are Honeywell. The power of connected.” Is often used as a tagline in advertising as well.
Are You Also Interested in the Mission Statements of other Companies?
Then check out our in-depth Google Mission and Vision Statement Analysis, our Toms Mission and Vision Statement Analysis, our Target Mission and Vision Statement Analysis, our Kraft Heinz Mission and Vision Statement Analysis, and our Amazon Mission and Vision Statement Analysis for 2023.
And if you’re looking for a good read, you won’t do much better than Winning Now, Winning Later: How Companies Can Win in the Short Term While Investing for the Long Term, Lessons from the Titans: What Companies in the New Economy Can Learn from the Great Industrial Giants to Drive Sustainable Success, or the excellent Changed for Good: The Discovery of Purpose.
History
As mentioned, the reports of their mission statement vary, but all elude to the same conclusion as mentioned on their website, which seems to have been updated recently. It is, however, unclear how long that particular phrase has been on the home page.