Enterprise Risk Management at Honeywell Intl |
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» Enterprise Risk Management Case Studies Please note: This case study was compiled from published sources, and is intended to be used as a basis for class discussion. It is not intended to illustrate either effective or ineffective handling of a management situation. Nor is it a primary information source. |
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Introduction
Background NoteAn invention patented by Al Butz in 1885, the Damper Flapper, led to the establishment of Honeywell. The Damper Flapper, forerunner of the thermostat, opened furnace vents automatically. Butz formed the Butz Thermo-Electric Regulator Co. to market the product but sold patent rights to investor William Sweatt in 1893. Sweatt led the company for the next four decades. The company eventually began producing a burner-control system for fire protection on oil and gas furnaces. Sweatt persuaded manufacturers to redesign furnaces to accommodate controls, thus establishing a new market.
Honeywell purchased GE's computer division in 1970 and took a stake in French company, Machines Bull. Honeywell bought Xerox's computer business in 1976. That year it merged Machines Bull with a computer company owned by the French government, which purchased Honeywell's interest (after threatening to nationalize it) in 1982... |
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