Five Initiatives

To begin your Honeywell career you need to appreciate the role the Five Initiatives — Growth; Productivity; Cash; People; and our Enablers, Digital Works and Six Sigma — will play in setting a path for your success.

Growth

The objective of this initiative is to achieve profitable growth, using four pillars of organic growth. The pillars include doing a superb job for our customers every day; superior Sales & Marketing organization; globalization; and robust, funded technology roadmaps for new products and services.

Productivity

This initiative will continue our outstanding record of accomplishment in driving continuous improvement in support of improved productivity. We will maintain a high level of performance, even as we increase our emphasis on growth.

Cash

Cash is the lifeblood of any business. We will use cash to invest in growth opportunities. At Honeywell, as we increase cash flow, we take advantage of opportunities to reinvest in our businesses. The positive impact on employees and shareowners alike is huge.

People

We recognize that great people make all the difference. We offer challenging assignments, continuous learning, and rewards for high performance. Our philosophy on our people is to differentiate performance and reward great performers. We ensure the right developmental opportunities for our most talented people.

Enablers: Honeywell Operating System and Functional Transformation

The Honeywell Operating System (HOS) is a comprehensive, integrated approach to managing the Integrated Supply Chain (ISC). It is based on the Toyota Production System and builds on our use of Six Sigma Plus (Six Sigma and Lean) tools in eliminating variation and improving our work processes on a rapid and continuous basis. The system will change the way we currently act, work and lead. Key elements of the system include standardized work; direct, visible product flows; continuous improvement through rapid, low-cost experimentation; immediate problem-solving; and having leaders act as mentors and coaches to enable shop-floor success. We expect the system to drive exceptional performance in safety, quality, value and delivery.

To streamline and improve work done within our core support functions, Honeywell has launched the Functional Transformation Initiative (FTI), a multi-year program that will drive process improvements while delivering significant cost savings. The functions will eliminate non-value-added work, and standardize, consolidate and digitize processes. They also will explore ways to co-source repetitive and transactional activities. When fully implemented, the Functional Transformation Initiative will allow employees to focus on more strategic, high-impact work and enable business leadership to focus primarily on operational performance and satisfying customer requirements.