United Technology

UNITED TECHNOLOGY

As an American multi-industry company, United technology Corporation (UTC) concentrates its aerospace products and services, including jet engines and helicopters. Formed in 1934 as United Aircraft Corporation, it adopted its present name in 1975. Headquarters are in Hartford, Connecticut. In 2000, UTC employed about 150,000 people, half of which were located outside the United States.

Under the name of UTC are three major aerospace business units—Pratt & Whitney, Sikorsky, and Hamilton Sundstrand. First of all, Pratt & Whitney makes engines and industrial gas turbines. It is one of the world's leading builders of large jet engines for commercial and military aircraft. Secondly, Sikorsky is a leading manufacturer of military and commercial helicopters. In cooperation with Boeing Company, Sikorsky manufactures the RAH-66 Comanche stealth helicopter for air combat. Finally, Hamilton Sundstrand is a business unit at UTC that makes propellers and environmental controls.

UTC's other major units are Otis Elevator Company, which specializes in elevators and shuttle systems, Carrier Corporation, which makes heatingand air-conditioning systems, and International Fuel Cells, which makes fuel cells for space and commercial uses.

UTC's strategy and UTC’s Strategy of unrelated diversification

Business organizations pursue various strategies in order to achieve high growth. Different organizations pursue different strategies depending upon their business requirements. This paper is basically concerned with assessing the corporate level strategy of unrelated diversification, as pursued by UTC corporation and the extent to which it is successful in pursuing such strategy.

In this competitive business environment, businesses are adopting various strategies in order to achieve higher growth. In the process, they are expanding their business globally by adopting various strategies such as mergers, acquisitions,...